Fractional ownership

Yes, so we were actually introduced to this situation back in 2020 when this group originally was in danger of or was about to collapse and we were involved with a prepack basically.

and we acted for the original administrator who agreed a pre-packaged administration back to the existing owner and the existing manager the existing manager of this scheme the reason i'm sure many of the listeners will be aware of this but just very very briefly this was a fractional ownership scheme or a room investment scheme where somebody tries to set up a business which they fund through cutting up a freehold into lots of small pieces lots of 125 year leases and selling to investors from around the world, quite often overseas, quite often investors in politically unstable countries who are sold the dream of owning real estate in a very politically and legally stable jurisdiction like the UK.

What this group ended up with was 12 care homes.

The freeholds of these care homes were all subject to hundreds of 125-year leases.

But what I realized after talking to literally thousands of people who want access to the cash flow of a business is a lot of them don't have the time, right? They don't have the capital and they don't have the expertise to fully buy, own and operate an online business.

And so that's essentially why I created dividends is it's a platform that allows fractional ownership of these established recurring revenue online businesses.

And it shares the dividends with investors.

So these micro acquisitions and micro businesses, and when I say micro, I mean $10 million valuations and below.