So Stephen Crowder was at the blaze, a slend-back thing, right?

And Stephen Crowder, Stephen Crowder's contract ended late last year.

So he was a free agent and he was looking to get a new place to stream.

Of course, the logical place is Ben Shapiro's outfit today, Lee Wire.

And so what happened was Shapiro and he's got a, I think it's a CFO or maybe something,

somewhere out there, his name's boring, boring or boring or something like that.

So they put together a non-binding term sheet.

Okay, so non-binding term sheet.

So if you've not been involved in this kind of stuff, then a non-binding term sheet is just,

it's just haggling.

It's not legally enforceable, but it says, it's a way to make sure that people don't hire

their lawyers and draft detailed contracts when they're nowhere close in price, right?

And when nowhere close in price.

So if Stephen Crowder wants $100 million, but they're only willing to pay $20 million,

there's no point going through all these negotiations about terms, this, that, and the other.

And then finding out that they're way too hot on price, that he wants five times what

they want, what they think he's worth.

So a term sheet in this sense is just saying, are we talking even about the same numbers

and the same general conditions in from there, if you can agree on the general number,

which doesn't mean anything specific.

But if you want $100 million, they only offer you $20 million, then you don't go any further.

But if it's like, okay, I want 20% more, 50% more, maybe even 100% more, you can maybe

...