The following is excerpted from the question-and-answer section of the transcript.
(Questions from industry analysts are provided in full, but answers are omitted - download the transcript to see the full question-and-answer session)
Question: Joseph Kowalsky - Citi - Analyst
: Gentlemen, very nice. I like what I read and what I heard. Sounds generally very good. I appreciate it.
Question: Joseph Kowalsky - Citi - Analyst
: Couple questions and I'll throw them all out there and then you can do with them as you wish. Generally, my understanding is that your goal was
to acquire companies and leave the management to those companies while you take care of, other headaches and whatever overhead there is.
In this particular case where you've, I think it was you said with flooring where you've taken a more active role, is that indicative of something that
you intend to do in general with your companies? Is that particular to that area? That's my first. I'll wait for the answer, yeah, and then I'll give you
the other questions afterwards because they're all related.
Question: Joseph Kowalsky - Citi - Analyst
: I appreciate that and I think that that's a great way to act. I was just curious to know if it indicated a change what you're telling me it doesn't. So
that I appreciate very much, all of that. Okay, these couple questions all kind of related.
When you're looking now for companies to acquire, are you looking largely in the same general areas that you have companies already, or are you
looking to expand the footprint into different areas and build that is, do you think you have a solid core of the companies you have within those
areas and it's time to look outside of that, or do you think it's better to look for more to fill out those core areas, or are you doing both?
The second question is, do you have a committee that looks for these things, or is it just one or two individuals? And then the third question is, do
you wait to have a certain amount of cash on hand to determine whether it's time to buy another company?
And then finally, what do you think about the marijuana space? I know it's kind of oversaturated and there's questions of government regulation,
but I was just curious to know if that's something that's on your radar screen.
Question: Joseph Kowalsky - Citi - Analyst
: So will there come a point, do you think, where you have enough in a particular business area and you say what we're full on this we're good and
we'll just, we'll look elsewhere or do you think it'll just be whatever you think, fits at that moment and you don't know that there will ever be a time
where you'll have enough in a particular sphere or particular area?
Question: Joseph Kowalsky - Citi - Analyst
: And then and the last question was, do you wait for a particular amount of cash on hand before you start thinking about doing something else or
is it just if you find something, you'll borrow as needed to do it and the cash on hand is not as relevant?
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AUGUST 07, 2025 / 9:00PM, LIVE.OQ - Q3 2025 Live Ventures Inc Earnings Call
Question: Joseph Kowalsky - Citi - Analyst
: Thank you very much. Basically keeping everything open, which is I guess the best way to be, and I really appreciate you taking the time to address
my questions.
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