Good morning and thank you for being here. Mr. Simoneau, in an article published last May I read the following:
BDC should abandon investments that have no return and focus on its best opportunities, according to a study commissioned by the Conservative Government after years of poor performance from its Venture Capital Division.
You have been accused of funding lame-duck companies and, according to that study, of investing too much money in them. I would like to know how you react to that comment. What can you tell us about it?
You stated earlier that, very early in their life, new technology companies become ineligible to grants. Is there a link between those two factors? Are those companies becoming lame-duck because of that?