When Steve and I started our first hedge fund in 1994, our hedge fund’s portfolio was almost exclusively U.S. companies with an occasional Canadian company, that often traded in the U.S. If it only traded in Canada, there were instances when it was almost impossible to buy, or at least difficult and time consuming, requiring an attenuated connection of broker dealers and market makers to facilitate execution; and it certainly was time consuming with zero transparency in terms of real time fills (trade executions). We had to provide limit orders with big ranges and hope our orders would be filled. Twenty Four years later, Mach 100 LP, with a very similar strategy to our successful, original fund, DNB Fund Partners LP, is global. Because of all of the technological advancements in Fintech (financial technology), we have the ability to trade almost any [read – Any] market in the world, with direct and real time access those international markets, with visibility and speed; without the need to rely on American Depository Receipts (ADR’s) or brokerage intermediaries (more than 1 brokerage firm or market making firm). Today, we possess just as much news, information, analytics, as international investors in their local markets; and sometimes, due to the extremely sophisticated analytics and trading platforms that we utilize, we have more information than they do when it comes to the trading analytics. As one might surmise, advantages are a function of information via research, analytics and trading platform technology (including access and execution). In terms of speaking with companies located one or two oceans away, they are generally delighted to have interest from U.S. investors. Today, [always subject to change without notice or obligation] we have positions in international companies located in Finland, Italy, Canada and Israel. Some of these companies trade on U.S. exchanges and markets and some only trade on their respective foreign exchanges. Interestingly enough, we started researching a company located in Oslo, Norway. The Company just relocated its main manufacturing operations to San Jose, California with its headquarters still located in Oslo. While the company theoretically trades in the U.S. on the Over The Counter market, there is practically speaking, no meaningful trading volume in this security on the Over The Counter market in the U.S.; here in the U.S, it trades “like concrete” and generally at a premium; but not with enough volume for arbitrage. In other words, in the U.S. it cannot meaningfully be bought or sold. In contrast, on the Oslo, Norway market, trading volume is heavy, trading millions of shares per day. On some days In August for example, it traded almost 10 million shares per day. Accordingly, if you want to invest or trade this company, you need to trade it on the Oslo, Norway exchange. There are countless small cap and micro-cap companies around the world, that have fundamentals as strong as U.S. companies, with similar liquidity (and some of them trade on U.S. equity markets); and valuations that are at material discounts to U.S. equity market multiples. Whether its Amazon delivering packages to 3rd world countries or institutional and international investors trading global equity markets with direct access in real time, the world has definitely become economically flat.