Thank you, Mr. Chair.
I really felt I had the need, as I think probably the only filmmaker here at this committee, to firstly state that many of the filmmakers in Canada appreciate investors. We actually like investment into film vehicles in Canada. So I just want to let you know that Canada is a welcoming country for investment, so investors shouldn't maybe look to the questions that you've received today as necessarily the example of the film industry in Canada. Dollars from abroad are very important to independent films and larger films being made in our country. I just wanted to put that on the record first.
Secondly, there's another thing I'd like to get you to explore a little more. It seems some of the elements of the concern that you had with the management team related primarily to their pursuing large inventories of content from somewhat antiquated firms, like MGM.... I wouldn't say that Miramax is antiquated. Nonetheless, we're talking about content that you feel, as an investor, you can't see long-term valuation on. Maybe you could explain that rationale a bit and then perhaps also highlight what I imagine your answer would be, that all the investments in Canada have generated good cash because we have a great film industry here that tends to operate more cheaply than some of the U.S. studios. I don't know if you could make the allusion between what you are concerned with and then some of the profit generation that is already occurring in Canada. I can't imagine you'd want to see that change.