Jim Hickman: But see, these are the little pieces of history. So, I tell you that because when you say okay, how did you transition into business, that has no…that is not what happened. That’s what it looks like when you go back, you see? So, Peter Gerwe and I then set up a company, StoryFirst Entertainment, and Peter was the business and entertainment guy, and I was the I’ll introduce you to all the people you need to know guy, and we did a couple of things together. We helped the Muppets get over there. We toured the sort of Russian version of the Muppets. It was a very famous puppeteer in Russia. And we brought him to the U.S. What?
Daniel Satinsky: A little pig?
Jim Hickman: Maybe. I don’t remember. I have an article on it. So, we did a couple of small things, and we were working on a bigger thing, the Dick Clark Show. We set up a Dick Clark Space Bridge. We were going to get Russian performers by satellite on the Dick Clark, you know, you remember that Dick Clark Show.
Daniel Satinsky: Oh, yeah, sure.
Jim Hickman: And Clark was really into it. So was his producer. And they were going to pay, you know, because that’s a real commercial venture and stuff. And so maybe a month before the show was scheduled, they shot the Korean airliner down, and that shelved everything. That canceled the entire Dick Clark thing. Now, the next thing that happened was that Michael, through Michael and Dulce and my own experiences with Werner Erhard we had a relationship with EST. And one of Werner’s principal people was a good friend of John Denver, who you may recall was a big EST fan. You may not know that.
Daniel Satinsky: I did know that.
Jim Hickman: But John was a big participant in EST, and a supporter of EST, and etc. And so Raz Ingrasci, who was one of Werner’s right-hand people, through a mutual friend, came to me and said do you think you could tour John Denver over there. And so again it was like I have no idea how you do this. But the cultural exchange was gone, had been canceled after Afghanistan, and so I knew that Gosconcert
* was the organization that had to be involved for a musical tour. So, again, I talked to Joseph Goldin and another friend I had over there who was more in the entertainment business, and they introduced me to the guy at Gosconcert. So, we then said John Denver, and of course they’re like, who?
And because again, because of, you know, what you sort of said earlier, I was someone who then had somewhat of a little reputation in that community, so they trusted me. And I don’t remember—oh, and the other one is that the principal money for John Denver came from Armand Hammer, because Armand was a big fan of John Denver’s. And so, Armand Hammer’s sort of imprimatur in the whole thing was, you know, I mean, you know what it’s like.
Like when I was first telling them about the first US Festival, I said it’s on Labor Day weekend. It’s all about labor. We’re going to have union leaders there. You know, you say what needs to be said for the Soviets to sell it internally. And so, we set up this thing with John Denver. And by that time—I don’t know if you ever read my things about the KGB and my relationship with the CIA and the KGB and the FBI and all that stuff.
Daniel Satinsky: I read it. Not recently, but I did read it, yeah.
Jim Hickman: But by that time, you know, there was a KGB guy who had been assigned to me so whenever I would come to Moscow, he would call me, and say come to room so-and-so and let’s talk. And then I’d tell him what I’m doing, you know, like we always did. We told everybody what we were doing. And so, John Denver. And we talked about how nobody knows who John Denver is. And I said, well, you know, this is an important thing because the cultural exchange is gone, and this could lead to other things like the US Festival did, and we need to have a couple of big concerts.
So, the first concert was at the…it was in one of the major hotel’s entertainment—I think the Rossiya. And about a day before or so there were hardly any tickets sold. It was going to be an empty theater. So, I went to Alex, and I said we’ve got to do something about this. So, what Alex did, the day of the concert he rounded up prostitutes from all over Moscow and sent them into the hall. Now, there were probably more than just prostitutes, but he was able to fill the hall way beyond what anyone could sell tickets. So, again, you know, the beginning of this stuff is things that nobody… Since I never wrote about it nobody ever understands, but that was the beginning of John Denver.
And then we did some other things with John because John wanted to fly in the space program. So, I got him involved with the astronaut/cosmonaut project and introduced him to some cosmonauts. And we had a serious, about nine months of serious negotiations with the Soviets on getting him sent to space. And in the end the Soviets said we’ll absolutely do it, it will cost $10 million. And both John and I said forget it; we’re not going to pay for a big propaganda thing for the Soviets. But Armand Hammer gave a little indication that he would be willing to help finance such a thing—not $10 million worth—but he might get involved. It never went anywhere. But that was happening.
John Denver’s, one of John Denver’s promoters was the promoter of a couple of Arnold Freedman’s artists, recording artists, and so he recommended to Arnold that Arnold get in touch with me, because Arnold wanted to tour. At that point it was—
Daniel Satinsky: Beaver Brown.
Jim Hickman: No, it was before that.
Daniel Satinsky: Before Beaver Brown.
Jim Hickman: The first was the guy who married Bob Dylan’s daughter. What was his name? I’ll think of it in a minute.
Daniel Satinsky: Okay.
Jim Hickman: But anyway, that got us together on a concert tour, okay? And that was an interesting one because he was Jewish and wouldn’t play on Friday night. And that’s a big night for concerts. So, that was one of the elements that, you see—and these are the things which interested me the most. Not can we do another US Festival, can we do another satellite link with so-and-so. I’m like Kim and others can do that now. That’s not for me. I’m like whoa, produce a concert tour of a guy who can’t sing on Friday night because he’s Jewish in the Soviet Union—that’s interesting to me. So, I’ve always been interested in the things that appear not possible, you see. And then once it begins, that sets the stage. Because as you know, with the Soviets it’s about once permission has been given once for something, then it opens up the opportunity for other things.
Daniel Satinsky: Right.
Jim Hickman: So, we did that, and then that gave, I think it was primarily Arnold’s initiative to do t-shirts. And I was involved with Michael Leavitt then, and Michael had been head of merchandising for the Star Wars film at Lucasfilm before he left there. He was a good friend of Peter Gerwe’s, and we seduced him into getting involved in the Soviets, and he was involved with some of our entertainment stuff. But then he and I became partners in a variety of other things over there, including the mass marketing of t-shirts. It had never been done before. So, that again was interesting to me. We talked to Gosconcert. So, one of the things we could do is we could merchandise t-shirts with the name of the artists. And they said well, I don’t think that would sell here. And we said I think that would sell here. And that opened up a merchandising industry for Gosconcert. They took it way beyond that.
But see, that, I wasn’t in it because I’m a businessman. I was in it because this hasn’t been done, and it’s a huge opportunity for Westerners as well as the Soviets. Let’s expand the whole culture in its relationship with these things. So, that’s how I got involved with Arnold, and then we decided to do some other things, tour some other people, etc., AJ Ventures.
And then one of the things that led us to was a young man in the Netherlands who had been in touch with the national telephone company of the Netherlands, and he came to us and said we’d like to set up a relationship with Gosteleradio
* in way that we could joint venture in a telecommunications, private telecommunications company in the Soviet Union. Now, at that point I knew a little about it because I’d done the US Festival and I’d learned some stuff. So, we said okay. Let’s talk about it. So, we created, out of a series of events, the Dutch PTT ended up not being the principal partners. It ended up being the Deutsche PTT, the German telephone company, and we created—
Daniel Satinsky: All of that was after AJ Ventures.
Jim Hickman: Well, it was also a part of AJ Ventures. There’s no distinguishing boundaries here.
Daniel Satinsky: Okay. I say that because I was involved with the rare earth oxides business—
Jim Hickman: Yeah, and that was AJ Ventures.
Daniel Satinsky: That was AJ Ventures. And then that collapsed because of the Chinese, and I left you guys. And then I got a phone call from Arnold and said we’re in the telecom business; we’re going to Tbilisi.
Jim Hickman: But see, here’s the thing. What happened with—I almost have his name—the first artist is that one of the ways we were able to get it done is to say we don’t need hard currency. You see, all of the performers who wanted to perform there had to be paid in hard currency, and so it couldn’t happen. And we said that’s okay, pay us in rubles, and we’ll set up a bank account, which we did, and we have rubles. And that’s then when Arnold and I, what we saw was that what you could do with rubles is use the Soviet airline to transport all your stuff to the West and you can pay rubles for that. So, see, how could you get rare earth oxides out of the Soviet Union without paying hard currency? You use a Soviet carrier.
So, we did—and we did the same thing. We bought rare earth oxides with rubles. We went into the ruble business. and it was a part of what we were calling the conversion, we’re converting rubles into foreign currency by buying in the Soviet Union with rubles, getting them to the West with rubles, and selling them in the West for dollars. So, that was the same with the jeans. We set up a manufacturing facility in the Far East to make jeans that we then exported. So, it was…while for Arnold, you know, because he’s the businessman in this venture, for me it was more about what can we do that’s never been done. Let’s turn rubles into dollars. And I know some people who can help us manufacture jeans, and blah-blah-blah.
Daniel Satinsky: But these were your initiatives, they weren’t the Atomic Energy Ministry coming to you and saying hey, we’ve got this opportunity.
Jim Hickman: No.
Daniel Satinsky: You saw this and went after it as entrepreneurs.
Jim Hickman: Yeah, yeah. It was, you know—
Daniel Satinsky: And trailblazers.
Jim Hickman: And often the idea would be Arnold’s—I’ve got an artist, let’s try and tour him. And then my job was the Soviet side—okay, I’ll figure out how to make this happen over here. And I remember, as you may recall, both Arnold and I were in our version of AA [Alcoholics Anonymous]. I was in AA and Arnold was in NA [Narcotics Anonymous], so we had this mutual agreement about not drinking in the biggest alcoholic country in the world.
And we went to the Telecom Ministry in Georgia because we were going to sell our services. Because what we had was a satellite based long distance carrier company. That’s what the beginning was. And we were gathering phone calls to common switches that then in the normal distribution would go into a national line for distribution. So, we were gathering customers, traffic, in a sense, at local switches and then turning it into our satellite carrier, you see? So, we were a private long-distance company.
And we were negotiating with the Ministry of Communications in Georgia, and we basically finished a deal. And we were in the last stage in the Minister’s office, and we had agreed on all the terms, and he brought out the vodka, and he said okay, let’s toast to our partnership. And Arnold looked at me and he said to him, my partner Jim doesn’t really drink alcohol anymore. And he looked at us and he said, “I never do a deal who won’t drink vodka with me.” And so, the deal was off.
Daniel Satinsky: Really?
Jim Hickman: Just like that it was gone. He wouldn’t do it with me because I wouldn’t drink. So, you know, there are all these little stories that fit into the bigger thing that looks like oh, Rustel, you got this big telecommunications company, you must be a businessman to have put all this… It’s not the way it worked.
Now, at the same time with Rustel, you know, Arnold helped raise a lot of money for it. He was then, by that time he had begun to be involved in the venture capital business, so he was building that company and raising money for—we were both raising money for Rustel. So, in a sense AJ Ventures led into that, and at that point it was Rustel. And the partnership in there was, I think it might have been AJ Ventures. I’ll look it up. Because it was the first Soviet-foreign joint venture in telecommunications.
Daniel Satinsky: Yeah, it was IBCS, probably, by that time.
Jim Hickman: By then we had IB—you’re right. We had then International Business Communication System. That would have made sense. And the German telecom was a partner. So, we had this thing. And raising money for it. And so, for example, one summer I lived in London for three months meeting with venture capitalists led by—I think we had hired… We had hired one of the big accounting firms to represent us at that point.
Daniel Satinsky: Yeah, I remember that, yes.
Jim Hickman: And so, we ended up putting whatever we put together. And then, you know, and Arnold had relationships with most of the key people in the finance side. I mean, I knew them, but was more involved with Russia, because I was the general director by that time of Rustel, which meant that I worked with Soviets who knew much more about the business than I did. And we hired a couple of Westerners who came out of the telecommunications business to run the company.
Daniel Satinsky: You hired Chet [Walker] and then—
Jim Hickman: Yeah.
Daniel Satinsky: Chet and then you hired that guy from Coca-Cola who I never thought too much of, no offense.
Jim Hickman: Yeah. But they were the businesspeople. I again was on top dealing with all the politics, not—
Daniel Satinsky: All right, so I have two questions to ask you. So, did the mythology of this, in my mind was that part of it, this joint venture, came from the Russian side, from the Union of Industrialists and Entrepreneurs not wanting the telecom market dominated all by foreign companies, so they wanted the joint venture to be access to Western technology, but have Russian kind of involvement and control of a satellite telecommunications company. Is that an incorrect memory?
Jim Hickman: Well, no. I mean, your memories are correct for what you experienced. But I’ll give you a different, I’ll give you another aspect of it. But what I always say to people, you know, like we’ve been doing these things on citizen diplomacy, and how did this ever happen. And the perspectives are from the Western side.
Daniel Satinsky: Yeah.
Jim Hickman: And as I always say to people, please understand that we have no idea what was going on inside the Soviet Union to make this happen. You talk to people who claim that they set up X, Y and Z, and that never happens without the Cyrillic X, Y and Z having figured out what they wanted and let it happen. But we never knew about that because that wasn’t, you know. Now, we had a little bit of access because Joseph Goldin knew stuff and would tell us, and then I had Ivan as my primary interpreter, and because we were friends it was something he used to say—people don’t understand that after the negotiation is over, I always tell you everything they said. And so, you know, we had our own little insight, but it wasn’t complete, because there’s obviously much more going on than an interpreter or Joseph Goldin can help with.
And so, what you’re saying is potentially true. My experience is that I was approached by a telecom company that expressed interest in setting up a telecom joint venture in the Soviet Union. So, I went to Boris and said this guy wants to do this, what do you think? And it moved on from there. Now, they may have already been thinking about it, just like you say. You see what I mean?
Daniel Satinsky: Yeah.
Jim Hickman: It wasn’t what happened in the sense of let’s go … , can you help us do this. But there again, like my original treatise, these ideas emerge more than out of one group of people, so it’s entirely possible that that kind of conversation was underway in the KGB and all those places—god, let’s see if we can get the technology stuff from the West. And then I come in with an opening and Boris goes—calls him and goes, hey guys, we’ve got the opening we’ve been waiting for, and this guy, he doesn’t know what he’s doing, we can use him in any way, let’s do this. So, see what I mean? We don’t know for sure.
But I would agree with your memory that that was potentially happening. It wasn’t like oh, guess what, guys, Deutsche Telecom wants to partner with us—isn’t that a good idea? That’s not what happens. I mean, you know, they’re conspiring, who knows, for years they’re conspiring about ways to get the technology.
And I don’t know if you remember Makarov at the Soviet embassy. He was the KGB resident at the Soviet embassy. And his particular assignment was getting technology from Silicon Valley. That was his primary assignment. And so, when we invited him to come and see Esalen it was like yeah, man, let’s go out there, and these guys are right on top of Silicon Valley, I can really use these guys. And partly I know this because then I told our FBI guy we’re bringing Makarov, and he said, he is not coming for you guys. This is the KGB resident, and his job is to steal our technology, we watch every step he takes everywhere in this country, so if you guys bring him out you’ve got to tell us your entire schedule, because we’re going to watch him the whole time. And they said believe me; he’s coming to steal stuff.
And he stayed in Zen Center, and so there was an FBI car outside of Zen Center, and they would get up at like 4:00 or 5:00 in the morning to do their walking meditation—and Barry used to tell me this—so the FBI guys were looking at all the monks to see if they could see if Makarov was trying to be a fugitive and escape and get down to—
Daniel Satinsky: Right.
Jim Hickman: And then I know some of this because I was writing about some of my experiences with Makarov recently and I did a Google search of him. And when the whole thing broke down, he became a professor of high technology at Moscow University.
Daniel Satinsky: Wow.
Jim Hickman: That’s exactly who he was, a specialist in technology. So, without a doubt they were thinking about it. And my point is, though, that at least from my view the world is about ideas emerging. It’s not one person does a breakthrough. That doesn’t happen. So, anyway, I was trying to answer your question. Next question, quick.
Daniel Satinsky: The next question, TUSRIF. Remember the U.S. funding agency, and the acronym TUSRIF, T… I think it was a $20 million—so the two fundings I remember was the first funding from Deutsche Bundespost Telecom of like $950,000, and then there was a big loan from TUSRIF, probably for 20 million that was a result of all that stuff you were doing with consultants. Do you remember that?
Jim Hickman: No. I don’t remember the acronym.
Daniel Satinsky: All right, okay.
Jim Hickman: And, you know, it’s sort of like when you ask about how do I transition to business. You see that this isn’t about me being a businessman and trying to figure out how to do business. And what I always said is [if you can] find anyone better than me who wants to be general director, I’m gone. I’m only here to make this thing happen, and once it’s operating, then somebody who knows how to do that needs to come in and do it, which we tried to do. And it could be that those people may have known more about that financing than I did. But I don’t remember the acronym.
Daniel Satinsky: Okay.
Jim Hickman: And I might not have paid attention to that. It was—
Daniel Satinsky: It’s The U.S. Russia Investment Fund. It was a special fund set up by Congress to invest in Russian ventures. If you don’t remember, you don’t remember. That’s fine.
Jim Hickman: No, I never had any involvement with U.S. government sponsored funds. So, that might have happened, but it wouldn’t have happened when I was there, or I would have known about it.
Daniel Satinsky: No, it happened when you were there. I remember the meeting in the conference room, in Sharon [Massachusetts], and…
Jim Hickman: Okay, good. But you know, you remember it, so I don’t need to remember it.
Daniel Satinsky: Yeah, that’s okay. I’m just trying to clean up my memory. And also, the rumor always about Boris [Kurakin] was that his job had been to collect technologies, that he was also a, I don’t know if spy is the right word, but he was an agent to collect technologies around the world, that that’s what he had been responsible for with Licensingtorg or whatever it was, yeah?
Jim Hickman: The thing about it is that anyone who’s in a position he was in does whatever he can for the intelligence services to contribute to the ultimate agenda of the Soviet state. And so, it’s not like a spy, a KGB officer going out, it is like the mandate for anyone to rise to that position is to do whatever you’re talking about.
That’s his job, is to collect as much data as possible all over the world about things that are important to the Soviet state. So, without a doubt it fit within his mandate. And where I think they were somewhat disappointed sometimes is they always thought they could use us to get what they wanted, and they had never met any group before that said anything you want to know, ask me the right question, I’ll give you all the answers. And that was the KGB, the FBI, the CIA.
And there was one time with the FBI, because I did two lie detector tests with the KGB and about seven or eight with the FBI in different parts of the world. I was in Berlin once and they gave me a call. I got a call in my hotel—come to so-and-so room because we want to do another lie detector test. So, the point was over time, Barry, the main guy at the FBI in San Francisco, he said to me, you know, from our tests, from the analysis of everything you’ve said, you haven’t lied to us at all, but we can also tell there’s things you’re not telling us. And I said Barry, I’ve been going to the Soviet Union for about ten years, I’ve been there over 100 times, and I have told you everything you’ve ever asked me a question about. How is it possible for me to tell you everything that ever happened to me if you don’t ask me about it?
So, you know. So, back to your point, yeah, I’m sure that was a part of Boris’s mandate, and we might have helped him, I don’t know. I mean, I don’t think any technology was exchanged in relation to any of the stuff we did.
Daniel Satinsky: Do you agree with me that some of this was that they wanted to do business with people they knew and could trust rather than—
Jim Hickman: Yeah, yeah. No, you stated it well earlier in the conversation, that it was… Partly because they had spent so much time vetting me, and others. I mean, like Joel Schatz. He doesn’t know this. And I didn’t know Joel very well. I was not involved in helping him over there. He did everything himself, and he made incredible contributions. And there were two conversations I had with the KGB asking me about Joel Schatz. Not in-depth or anything, but it’s just what you said, just reaching out to people who they had some tentacle hold on to find out any other information.
And I wasn’t important in that. I’m just giving an example. That would have happened broadly all the time. And they would come to people who someone important would say you can trust this guy, at least. You ought to ask this guy what he knows, because he’ll—you know, because I’m sure they would say because he’s admitted to everybody, he’ll tell you everything he knows, so let’s find out what he knows.
Daniel Satinsky: So, let’s go ask him, yeah. Now, Schatz also had a relationship with Goldin. Goldin seemed to be important.
Jim Hickman: Oh, very important. And that was an introduction I made. Not personally, but I informed Joseph about what Joel was intending to do and encouraged them to get together, that’s all. It’s not like I was a network or anything. But there was very little Joseph did in the first several years we were together that he and I didn’t talk about ahead of time, because we were very good friends. But yes, then a big part of Joel’s success was based on what Joseph did with him. Very much like he did with me at the US Festival and Yushkiavitshus. Joseph knew who to get to around the internet and stuff.
And there was like Velikhov—remember Velikhov, vice president of the Academy of Sciences, who was important, I think, for Joel as well. But Velikhov and I were good friends, and we used to do stuff just, you know, social things together. And especially we used to get drunk together and wander around Moscow—stumble around Moscow together. And he would point stuff out to me and, you know. And it’s like cosmonaut, what was his name, the first guy to walk in space. The main cosmonaut of the whole thing. I’ll think of his name in a minute. But anyway, I remember one time out in Star City where, you know—and the astronauts and cosmonauts, they were the heaviest drinking group of people I have ever seen, and it didn’t affect them very much. I mean, you know, these are the early astronauts, who were really the edge of human development, you know. They were way out there on the edge doing stuff none of us could ever imagine. And like Sevastyanov—do you remember Sevastyanov?
Daniel Satinsky: No.
Jim Hickman: I have his picture right here. Do you remember that guy?
Daniel Satinsky: No.
Jim Hickman: That’s Sevastyanov. But anyway, Sevastyanov, one of the early cosmonauts. And he and I were at [
unintelligible] one night, and drinking heavily, and I remember like 4:00 in the morning I was completely—I could hardly see, and Sevastyanov gets up and he says, well, I’ve got to test a new plane this morning at about 7:00, so I should go.
Daniel Satinsky: [
Laughs.]
Jim Hickman: And I’m like unbelievable, you know. Leonov, that’s who I was trying to think of. Cosmonaut Leonov was the first guy to walk in space. And we were out at Star City at one point, you know, again celebrating whatever we were celebrating, and he was in his uniform with all of his medals. He took his coat off, his uniform off, and he gave it to me and said put this on. And he had somebody take a picture of the two of us with me wearing his cosmonaut uniform and our arms around each other. And I showed this to somebody in the CIA at some point and they’re like this is impossible, this could never have happened. You know, it’s that sort of thing.
What I was involved in was not, you know, serious business, this and that, but I just was, you know, people liked me, and they ended up trusting me, to the degree they were able. There’s always a limit. And so, it’s like with Gorbachev, when we brought Gorbachev back to the U.S.—I mean, back to the USSR—well, Russia at that point. We landed at Sheremetyevo, and we got off the plane, and they ushered us into the VIP lounge where there was going to be a little…a few friends to greet him. And around the table, it was very interesting, because you may remember that we used to watch how the Politburo positioned itself on Lenin’s tomb.
Daniel Satinsky: Yeah.
Jim Hickman: And so, we walked in, and every member of the former politburo was sitting around the table. And I’m like, Jesus, I know spies who would pay me a million dollars to sit in this. They were all there to greet Gorbachev and then some other people. And I said to Gorbachev, you know, I think I’m not sure I should really be here. He said no-no-no, you have to join us, sit right here next to me. Which I did. And he got up and said I want to introduce you to Jim Hickman. He’s a U.S. millionaire who has given his life to help us make all this happen. And I’m like, see, that’s the only way they could imagine it could be done, because that was their image. No young person like me could just take three weeks out and fly all over the place with Gorbachev and, you know, blah-blah-blah. And so… But it was that sort of thing. They all had an image of me. And there must have been other people, too. I’m not saying I was unique. But there had to have been an image of some degree of trust in that I would tell them the truth if they asked me a question. And so yeah.
And so, then Peter Gerwe is a good example. But that’s where the business thing moved, see? With Peter we had this StoryFirst Entertainment, we did a few things, and then Peter saw, as the businessman Peter, that there’s a huge opportunity here in the radio/TV business. And so, he decided I’m going to move to Moscow and start buying up radio stations. And I’m like that’s not my path, you know. I’m not going to live in Moscow and do this business stuff. So, he moved forward, largely based on people I had introduced him to, or he and I had worked with through my connections, etc.
And at one point—and then, you know, I don’t remember, I don’t know all the details, but as I understood it, he married the daughter of one of the rich guys over there who helped finance everything. And what I would say is there was, you know, the oligarch, which is synonymous with the Mob. I mean, you know, you can’t distinguish. It’s not that they’re all mobsters, but there isn’t any differentiation between being a billionaire and having all the friends in the Mob.
So, at a certain point, I don’t know, a couple years into his building his company he wrote me an email saying, you know, everything is going great, and I owe most of it to you, because you were the one who introduced me to everyone who has been essential to my building this company. And so, I wrote him back and said Peter, based on that, you think I could get a little bit of stock in your company? And he said, Jim, the people who own the company now I don’t think would agree to that. And I’m like okay. I don’t want to go any further with this. Those are not people I want to argue with, you know.
Daniel Satinsky: Right.