Thank you very much.
Everybody heard that, I hope. Great.
Now we're going to go straight to our witnesses. You each get up to five minutes. I know we have the full two hours. I'm going to give you only a little bit of flexibility, so please help us out.
We're going to start with ACTRA first. I need a hand up to see who's going to start.
Mr. Sparrow, you have up to five minutes. Please proceed.