No. If someone, an entrepreneur, applies for funding from us.... Remember, we're not a lender; we're an equity investor. If we look at 100 business plans, on average, 90 would be reviewed and turned down within two weeks. And we try to do it in a manner that gives them another pathway. Of the remaining 10, we might fund two to three of those opportunities.
So of 100 deals we look at, we'd do 2% to 3%. The only security we have is the due diligence we do up front, because this is RRSP money from Canadians.