Tooth & Nail Records "rejected" Thrice in 1998

I saw this Twitter dialogue when I woke up this morning:

If you don't know, Dustin Kensrue is the lead singer of Thrice, and Brandon Ebel is the president of Tooth and Nail Records. And this the the picture:

Very funny that one of my favorite record labels had the chance to sign one of my favorite bands and didn't. Not that Thrice showed much potential with their first EP. I guess everything worked out in the end, at least for Thrice.