Thank you all for being here today, and thank you to those of you who travelled a distance to be here.
I would like to begin with you, Mr. Peco and Mr. Fritz, if we could.
Can you help me understand the structure of how you raise money? For example, the Calgary Stampede is a very popular event. I think it brings in a lot of money but I can appreciate that there are probably some smaller events—which I think was the theme of your comments, Mr. Peco—that do struggle with raising....
Is it a fee structure that these events pay to you? How are you structured?