 In any event, my name is Richard Carlton, I'm the CEO of the Canadian Securities Exchange. For those of you who aren't familiar with the CSE, it's my pleasure to do a quick introduction this morning, but more importantly to talk about some of the trends that we see in the public capital markets, particularly in the clean tech and the energy metal space over the last 12 months. So the free time political broadcast is basically from the Canadian Securities Exchange perspective our goal is to deliver the lowest cost of public capital, principally for early stage public companies in the Canadian market. Now I could go on and on about what the competitive advantage is for the Canadian Securities Exchange and working with the Canadian Securities Exchange, but fundamentally we can boil it down to one thing, we too are entrepreneurs. The exchange started, was launched in 2003. By 2004 we had three listings. Today we have 327 or 328 and we are successfully growing the exchange at a tremendously fast clip. But as I said, the important thing is that when we are working with junior companies from all over the world literally, we've been there. We understand the cost pressures that you're on, the time pressures that you're under and the dreams and hopes that you're trying to make reality with the company that you're trying to bring into the public market. We've been there. We walk that road and we understand what you're going through. So here's an encouraging trend, news you can use perhaps, but year to date basis we've listed 22 new companies, 12 of them have been from the mining space. And although the market cap is still significantly less than the other companies that have come on to us this year, as I say in terms of the numbers and the activity of companies that are being funded over the last, and really it's the last six to eight weeks, most of the activity is taking place in the mining sector. Again technology and in large measure clean tech is taking in the vast majority of the money that's being raised, but again the mining sector which was virtually dead at this time last year has come back with the vengeance. As I mentioned in the last year we've had 66 new companies join the exchange. Here's a sample of the energy metal companies that are listed on the exchange and these companies represent projects that are really in virtually every jurisdiction in the world. Companies come to Canada to access the public markets, but they might be listed in jurisdictions in other parts of the world, in Asia and Europe. But Canada represents an excellent opportunity to access not just the local capital market but the North American capital market together. So companies that are listed on the Canadian securities exchange qualify under REG S and the SEC rules and the new jobs act to raise money in prospectus exempt financings from investors in the United States. We also encourage companies that are taking advantage of US capital raising opportunities to consider a quotation on the OTC markets in the United States so that your investors in the US have a US dollar quote. The market maker then sews the border together between the Canadian dollar market represented on us and the US dollar market that's represented on the OTC markets. That arbitrage actually contributes considerably to the quality and the depth of the book that we see on both sides of the border. In point of fact, Mr. Trump has kind of already built that wall. It's very hard for US investors to get orders into the Canadian market directly. So as I say, we recommend that folks jump the wall and actually get a quotation on one of the regulated markets in the United States. From a clean tech perspective, we're also well represented and have a number of names with again operations in various parts of the world. We launched an index just more than a year ago and like all small cap indices, it took a real hit upon launch. We should have waited about six months or thereabouts, but in any event, the index is now holding steady and has been for the last several months. At this point again, the market caps are primarily tilted towards the technology. What we euphemistically refer to as the diversified industry space, and that actually means marijuana, but we expect to see the miners starting to show up again as the prices increase and as we see larger and more mature projects list on the exchange. Here's a fun chart. We all like to draw and apologize to the Australians in the audience. We call them hockey sticks here, ice hockey sticks, I guess you'd think of them as. But this is our progress in terms of the number of listings. I mentioned we began in 2003 and that is 328. There you go. But as you can see over the last couple of years, the progress has accelerated quite dramatically. That line is getting steeper and steeper in terms of the number of new companies that are listing with us. And actually my favorite chart is this one. And this is a trading turnover. And basically as you can see in the spring of 2014, there was an enormous increase in the amount of share volume traded through the facilities of the Canadian securities exchange. That one, again euphemistically, was referred to as the pot.com circumstance where a number of companies that were involved in the medical marijuana industry in Canada selected the Canadian securities exchange as their venue of choice. And we saw a tremendous amount of investor interest in the space. But as you can see, we've now actually gotten back into record territory in terms of share turnover in the last month. That is entirely driven by the miners. And it's gold exploration companies, excuse me, as well as the uranium companies and a number of other miners that are driving the increase in turnover that we've seen. And we see this as sustainable and not, again, to paraphrase from the last panel, not a ceiling but in fact a floor for further increases in share turnover. I managed to get through all the remarks in almost record time. But at any event, I'd like to focus, I guess, a couple of things on the opportunities for international cross-listing. I know that we have a number of public companies from different jurisdictions around the world represented here today. And it's certainly our observation from past business cycles that there can be advantages to having a public listing in Canada. Our recommendation, of course, would be to establish a firm base of Canadian shareholders at the same time. So a company that Canadian listing with a fundraise domestically and build that, as I say, build that group of shareholders locally. We also encourage companies that are coming onto the exchange for the first time to identify a local market maker. So we actually have a market-making program where we assign particular stocks of responsibility to dealers and it's their responsibility to ensure that the spread is reasonable at all times with a broader regard to the marketplace and that they are present to ensure that there is a reasonably well-representative bid and offer at all times for every stock that they are responsible for. The company should have a good working relationship with the market maker so that without obviously breaching any securities laws, that the market maker is aware of what's going on with the company. They have a reasonable idea of where the stock is, who the potential buyers of the stock are, and an understanding of the overall dynamics in the company. We find that a successful relationship between the issuer and the listed company does result in a better liquidity profile for the company listed on us. Also it's important that that market maker have relationships with the other places around the world where the stock trades. So we have a number of companies that are either quoted or listed on the Deutsche Börse that are quoted on the OTC markets in the United States and maybe quoted or traded on other markets around the world. As I say, it's critically important and the market maker can provide that arbitrage trading that ensures that the market that's present in Canada and present internationally is reflective of the overall buy-sell dynamics in the particular name. We encourage, as I say, our companies to do that because we find that the broader the shareholder base, the more people around the world that are looking at the stock that are buying and selling the stock. And again, the better the quality the market is, the tighter the spreads, the greater the share turnover and the deeper the books.