In Manitoba--and my statistics are for Manitoba--it has affected our ability to raise capital. That's one of the drivers for expanding the market available to us through a larger ticket and attracting a higher net worth individual who would be more accustomed and more aware and more able to bear the risk profile of a venture capital investment.
With regard to the rest of the country, my colleagues have presented to the committee. The other provincial jurisdictions feel that the Crocus conclusion-- it's not yet concluded, but the outcome thus far--has been isolated within the industry. It was a governance management issue. For many of the funds, like our own, the managers are separate entities. They're not employees of the fund, so the fund attracts a professional venture capital manager.
The provincial Government of Manitoba has amended provincial legislation twice. We have provincially registered LSIFs and therefore we now have legislation in Manitoba that demands that the class A shareholder, as the individual who provides the capital, have a majority representation on the board of directors of the fund.