It seems to me the crux of Mr. Schaitkin's presentation this morning was on the issue of whether Lions Gate is truly Canadian or not. He said that the address is just a “mail drop” rather than a Canadian office; that they've been delisted from the Toronto Stock Exchange; that less than 4% of Lions Gate shareholders are currently Canadian; that they don't own or lease any film studios; that they don't appear to have any facilities or offices in Canada at all. Lions Gate is not managed by Canadians. Then on page four they suggest that if Lions Gate were found not to be Canadian, they would have to repay all the tax credits and subsidies to the Canadian government. Is this something your department has looked into?
On June 1st, 2010. See this statement in context.