You are asking what's moving where. Okay. We did some research looking at how many small and medium-sized companies were involved in mergers and acquisition deals in Canada over a period of five years. What we discovered was that about 58% of the companies that were sold went to overseas buyers, and 66% of the IP went abroad, which means that overseas buyers heavily covet our companies that are rich in intellectual property.
Now, what I was saying is that I don't say that we need to stop all foreign acquisitions of Canadian companies, but we need to recognize that something is missing in this country. Something is not anchoring.... We're not keeping enough of our IP in this country. I think, and maybe Tony would agree, that anchoring IP in this country would also help to create jobs.
The problem is the valley of death phenomenon. We develop companies, but we can't get the companies that do develop IP, at least to an extent, past that valley of death, so other companies come in, buy those companies, and take them out. What are they buying? They're buying our heavily IP-rich companies.