We're in Tampa. We know because Nucky's at a table at Sally's place with the palm fronds outside and with McCoy sitting there fanning himself with a hat. We also know because TAMPA is in big letters on the screen, like why not just go all Fringe with it? McCoy says he's sorry to hear about Eli, and a surprised Nucky tells him it was Eddie, and McCoy's basically, "…who?" but recovers enough to offer a "tough break" to an irritated Nucky.
Anyway, McCoy's got something he needs to tell Nucky before Nucky's partners show up. It's not a big deal, and he doesn't want Nucky to worry, says McCoy, which is not really an appropriate preamble for informing someone that his business partner wound up with a machete in his head, whether you put it there or someone else did. But before McCoy gets a chance to say anything, a group of cowboy-hat wearing good ol' boys -- led by a bearded fellow named Cal -- walk up to the table, Cal wanting to know what's up with Augie Tucker. McCoy assures Cal that no one is more concerned than he is, and this is how Nucky learns that Tucker is "missing." McCoy says he doesn't know what happened -- they had a deal, and Tucker apparently took off a few weeks ago. "And he ain't been seen since," says Cal, clearly suspecting McCoy of having something to do with the disappearance. The bodyguards on the McCoy-Thompson side of things reach for the guns, Cal warning them off by pointing out they have a lot more on their side. What's a good speakeasy bartender without a rifle behind the bar? "I can make it two less," says Sally, leveling her gun at Cal.
After the hillbillies clear out, Nucky unloads two barrels of his own on McCoy: "What the hell!" he says, pointing out he wouldn't even be here if it weren't for… but McCoy interrupts him to say it's a blessing in disguise, and he's already got another investor named Pierce lined up. Gold-plated, cash in hand, and plenty of it. "He's from up north. Very discreet, connections in Havana. He's got a vision for what this could all be," says McCoy, turning on the hard sell. If that's the case, asks Nucky, why didn't McCoy go to him first? Valid question. McCoy says you don't go to this guy; you have to wait for him to come to you. Nucky agrees to meet him -- and that's all he's agreeing to at the moment. Considering the way things are starting off, it's not going to be a huge surprise when everything goes to shit later, now, will it?
Sally comes over to clear the table and engage in a little low-grade flirting with Nucky, who apologizes for the disturbance. She calls that "as good as a box of chocolates," and he promises to send her one if she'd like. "They'll just melt," she says. Before these two can steam up the barroom mirror any more, Meyer Lansky and Lucky Luciano come in. "I'll do the explaining," Nucky tells McCoy, which really should just be the default for any of their business dealings.