[toast76]

As majority owners, we certainly could have continued to run the company indefinitely as a "lifestyle business" (and there's not much anyone could have done about it). But my belief is that if you take investment you have a responsibility to those investors to return their capital come hell or high water.

At the time, we didn't entirely know whether there were still growth opportunities or what else we could try if we kept going. But we knew we wanted to keep trying. Some of our investors wanted out, and we gave them (and all the other investors) the opportunity to sell their shares back to us. It means everyone who wanted it got their money back (which for an investor is not actually a very good outcome, but better than $0), and we got to keep the company. I'm appreciative of them allowing us to do it.