Oslo Bors

And the valuation of the company was around $50 million.

At the low point, after all of this with a convertible note and closing down as much as we could, we were at one point the company on the Norwegian Stock Exchange with the lowest valuation.

At the low point, valuation was $1.5 million.

And the share price went all the way down to 0.5.

Shipping companies are huge.

I mean, Frontline is certainly one of the biggest companies On Oslo Stock Exchange, Hafner is a massive company.

Valerius Wilhelmsen, 70, what now? It's a 70 billion knock company.

I remember when it was three and a half.

I want to touch on one other topic that we revisit continuously here on the Sustainable Edge podcast, and that is examples of profitable sustainability that is before sustainability green meant loss making or it was uh you know great ideas and it wasn't necessarily profitable business but now we see several companies emerging as with a strong sustainability or green profile but also being profitable You're one of them.

You're listed on the Oslo Stock Exchange.

You're still, I guess we can say in terms of market capitalization, quite small, but you are growing and you're profitable.

Tell us a little bit about... what that means in terms of going forward, not just promising something that reduces emissions, but that you're also profitable, win-win.

So there's a cost saving in it for the company.

We see the OSE main market as the natural home for the combined company, both Gulf Kustan and Shamran dual listed on the Euronext Oslo, Euronext growth force in Oslo earlier this year.

Both equity and debt investors are active in Oslo and have an excellent understanding of Kurdistan and our companies.

D&O have been listed in Oslo for a long time and a strong track record of support.