Ted listens, trying to wrap his mind around it. He's a visual learner, so honestly he could've used a conspiracy board himself right about now, to keep track of this.

"Okay but... Hold on..." he says, thinking. He also notes that Moriarty is supposedly a man here, and assumes that's a misdirection. "So Moriarty didn't just arrange it, he-- she.. sent Sherlock a nice little packaged criminal to catch...?"