Thank you for joining. We are here to provide a corporate update and report on Thunderbird Entertainment Group's third quarter fiscal 2022 results, which ended March 31, 2022. Speaking on today's call are Ms. Jennifer Twiner McCarron, Thunderbird CEO, and Ms. Barb Harwood, Thunderbird CFO. Ms. Twiner McCarron will provide a strategic overview of Thunderbird Entertainment Group, and Ms. Harwood will review the company's Q3 2022 financials. Following the corporate financial review, the call will open for a question-and-answer session. If you would like to ask a question during this time, simply press star, then the number one on your telephone keypad. Alternatively, if you have questions, you can call +1 604 683 555 or email investors at Thunderbird TV and the company will follow up directly after the call. At this time, lines have been placed on mute to prevent any background noise. I'd like to remind everyone that certain statements made on today's call will be forward-looking and constitute forward-looking statements or forward-looking information under applicable securities laws. Forward-looking statements and information discussed on this conference call include, but are not limited to, statements with respect to the company's objectives, goals or future plans and the business and operations of the company. Forward-looking statements are necessarily based on a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties and other factors which may cause actual results and future events to differ materially from those expressed or implied by such forward-looking statements. Such factors include, but are not limited to, general business, economic and social uncertainties, litigation, legislative and environmental and other judicial, regulatory, political and competitive developments. Those additional risks set out in the company's filing statement and other public documents filed on SEDAR at www.sedar.com and other matters discussed in the quarterly news release. Although the company believes that the assumptions and factors used in preparing these forward-looking statements are reasonable, undue reliance should not be placed on these statements which only apply as of the date of this presentation. No assurance can be given that such events will occur in the disclosed time frames or at all, except where required by law, and the company disclaims any intentions or obligations to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise. For your convenience, the press release and MD&A and unaudited financial statements for the Q3 2022 of Thunderbird Entertainment Group, which ended March 31, 2022, are filed on SEDAR and available online under the investor section of our website. We do not expect to update forward-looking statements continually as conditions change. The conference call is being webcasted live and the archive will be available on the company's website at www.thunderbird.tv following today's call. Please note that the Thunderbird reports in Canadian dollars unless stated otherwise. Ms. Twiner McCarron will now provide the corporate update. Thank you so much. My name is Jennifer Twiner McCarron, and I'm the CEO of Thunderbird Entertainment Group. On behalf of the company, I'd like to welcome you to today's call to discuss our Q3 2022 results, which ended March 31, 2022. Thunderbird CFO Barb Harwood is with me today, and we appreciate you joining us and following Thunderbird's story. I will provide the corporate and divisional updates, and Barb will share the financials. Apologies for my voice. I have a good old-fashioned cold which after two years of wearing masks, what the heck are those? Anyway, I apologize if my voice is cracking. Once Barb and I are finished, we will be happy to answer any questions you may have. I'd like to begin our call by addressing some of the conversations taking place around recession fears specific to the entertainment industry. We are seeing more speculation in the industry following Netflix's announcement about its subscriber growth and streaming outlets like CNN+ shutting down. While this was somewhat offset with Disney and Warner Brothers Discovery reporting revenue gains and news around Paramount+ and Showtime's combined subscribers topping 62 million, there appears to be a lingering undercurrent of uncertainty. We have entered a new phase of the streaming revolution, and for our company, Thunderbird, this is actually really good news. Major streamers are adjusting their offerings to attract and retain subscribers by creating tiered packages and opening their doors for more advertising to support to stay competitive and to win in a fierce market. What investors in Thunderbird should take great confidence in is that while the streaming wars are entering a new era, Thunderbird is the beneficiary of these events. Our high-quality, family-oriented programming and co-viewing that we provide with factual and animated content will be in greater demand as the large players cut back internally and turn to Thunderbird for A-plus high-quality, diverse and inclusive content. This is a case of quality over quantity. The fact remains that major streamers with deep pockets continue to execute on their growth strategies, all of which include premium, diverse, and inclusive content. Buyers may be tightening their belts, so to speak, but they are not going away. All streamers need to constantly refresh their sites to glue subscribers. More than ever, it's becoming, again, a quality versus quantity discussion, and quality will always win. This is what we specialize in, keeping quality as our North Star. We have ongoing relationships in place with all of the major streamers, and we are renowned for premium award-winning content. There's no doubt that the landscape will keep evolving to stay competitive, and throughout this, we will continue to be well-positioned to grow within it. At the end of the day, for platforms to gain and maintain customers, they have to spend on premium content, and we are seeing that. Take our foothold in animation, for example. Currently, we're working on major brands such as Molly of Denali for GBH and PBS, Pinecone & Pony for DreamWorks and Apple, CoComelon for Moonbug and Netflix, Young Love for Sony and HBO Max, Spider-Man for Disney Junior, just to list a few. The pandemic elevated animation and its importance to new levels, and adult animation is also seeing a huge boom. We also have a presence in this space, including Teenage Euthanasia, which we're producing for Adult Swim. When physical production was shut down, animators worked from home, keeping the industry afloat. Animation represents some of the most carefully and cinematically directed films of the year. In 2021, Luca, Raya and the Last Dragon, and The Mitchells vs. the Machines were three of the 10 most-streamed movies of the year, according to the U.S. streaming platform tracked by Nielsen. In total, seven of 10 were animated. Animation is for everyone, and the studios know it. That's why we're seeing unprecedented investment in animation production. Add to this, after relying heavily on unscripted programming during the pandemic and witnessing the genre soar, broadcasters and streamers continue to order and provide a steady flow of factual programming in spite of the return to normal for scripted production. With factual programming having lower production costs and very high approval ratings, factual series will remain a key point of all buyer strategies, as highlighted in this year's May TV upfront. This is further reinforced with National Geographic's recent announcement around the launch of National Geographic Premium with Disney+, featuring original shows, documentaries, and more. The ability to grow in an ever-changing landscape is the result of mindful and strategic planning, initiatives, and infrastructures put in place under the overarching long-term goal of Thunderbird becoming the next major global studio. At Thunderbird, we have a balanced approach and are playing the long game, which is why many of you have heard myself and our Thunderbird team members refer to fiscal 2022 as our build year. There's an ebb and flow to our business and within our industry in general based on when productions deliver. We have visibility to this and have carefully navigated the company's course while maximizing the value of our storytelling for the massive opportunities ahead. Fiscal 2022 has involved the company leaning into our strengths and greatest growth opportunities, including diversifying our portfolio, securing compelling IP, a focus on our global distribution and consumer products division, and partnering with top industry talents like HBO Max, Netflix, Disney, among others, to create global hits. While we can't pull back the curtain completely on everything we're working on as much as we'd like to, we can share that we are building an incredible portfolio with recognizable brands and significant brand-building capabilities to drive profitable growth and long-term shareholder returns. We are doing this methodically with zero corporate debt, so we can move nimbly and capitalize on opportunities that other content creators in this similar position simply cannot. On top of this, we are continuing to explore M&A options in Europe, including ways to partner with streamers as they look to increase subscriptions internationally. This is just the beginning, and as we look ahead, we can assure you we are excited. Our teams continue to grow. We're now over 1,400 team members across North America, and our flexible hybrid work structure continues to contribute to our ongoing growth and ability to strategically scale up as needed based on demand. We have worked from home for over two years, and many people continue to do so. We haven't missed a single delivery, and this is a testament to our talented, hardworking teams and also a major contributor to the strong, ongoing relationships we have with the industry's top players. The team's exceptional reputation precedes us, and we look forward to continuing to create and deliver award-winning hits worldwide. With this, I'll turn it over to Barb to go over the numbers, and then I'll return to provide a high-level corporate update. Thanks so much. Thanks, Jen. Good morning, everyone. Now, here are the results for the 3 and 9 months ending March 31, 2022. Consolidated revenue decreased from CAD 37.7 million to CAD 36.9 million or 2% and increased from CAD 85.4 million to CAD 104.9 million or 23% for the 3 and 9 months ended March 31, 2022. Compared to the comparative periods in the prior year. Slight decrease in revenue in the current quarter is due to the timing of deliveries of our IP projects, the majority of which are expected to be caught up by year-end. The decrease was almost completely offset by the growth in production service projects. Production services revenue increased by 66% to CAD 31.2 million and 64% to CAD 87.4 million over the comparative 3- and 6-month periods, due to an increase in the number and size of contracts. This revenue consists primarily of animation production services, which experienced continued growth. The growing production services revenue reduces the volatility of results over quarters as compared to the IP recognition, as the production service revenue is recognized as the work is completed rather than when the work is delivered and the term starts by the broadcaster. Licensing and distribution revenue, which represents our own IP projects, decreased to CAD 47 million and CAD 17.5 million from CAD 18.3 million and CAD 32.2 million for the 3 and 9 months ending March 31, 2022. In the current quarter, revenue was recognized from 13 episodes of the factual series Heavy Rescue: 401, season 6, and 1 episode of a documentary, Teenager in a Lost Maya City. Distribution revenue was also recognized in the current quarter due to the sale to FilmRise, a New York-based streaming service, for the scripted series Kim's Convenience, seasons 1 through 5. In comparison, in the comparative quarter, revenue was recognized from 3 episodes of an animated series, The Last Kids on Earth, 13 episodes of Kim's Convenience, season 5, and 40 episodes of three factual series, Heavy Rescue: 401, season 5, Mud Mountain Haulers, season 1, and Save My Reno, season 4. Adjusted EBITDA decreased by CAD 1 million or 14% to CAD 6.4 million and increased CAD 0.4 million or 2% to CAD 17.7 million for the 3 and 9 months, as compared to CAD 7.4 million and CAD 17.3 million for the comparative periods at March 31st, 2021. Gross margin on revenue in the current quarter was consistent year-over-year, partially offset by an increase in salaries to facilitate our continued growth. Finally, free cash flow decreased by CAD 7 million to a negative CAD 5.2 million in the current quarter, primarily due to an increase in investment in content as the company ramps up production volume and increased by CAD 7.2 million to CAD 14.7 million for the nine months ended March, due to the timing of the receipt and repayment of interim production financing net of the ramp-up of production volumes, compared to CAD 1.8 million and CAD 7.5 million for the comparative periods in the prior year. Now back to you, Jennifer Twiner McCarron. Thank you so much, Barb. I'll now provide the corporate update. At March 31, 2022, the company had 26 programs in various stages of production with 16 different clients. Twelve of these productions are company IP or partner managed service productions, where the company receives a percentage of certain revenue streams on the back end. At the end of Q3, the company was in various stages of production on 16 animated series. Three of these productions are IP or partner managed. These programs reflect a blend of both proprietary and service-based work and include Molly of Denali, Season 2 for GBH PBS Kids, CoComelon Lane for Moonbug Entertainment and Netflix, Trolls: TrollsTopia for DreamWorks and Peacock, Dogs in Space for Netflix, Marvel's Spidey and His Amazing Friends, Season 1 for Disney Junior, and Young Love with Sony Pictures Animation for HBO Max, among others. New company animation productions that have been announced included Pinecone & Pony for DreamWorks and First Generation Films for Apple TV+, which is a new series based on the popular child's book written by New York Times best-selling author Kate Beaton, and an Adult Swim animation series titled Teenage Euthanasia for Adult Swim. This half-hour series is co-created by The New York Times Editor's Choice writer, Alissa Nutting, and Emmy-nominated producer, Alyson Levy. Shifting focus, the company was in production on seven factual series and one documentary. Highway Thru Hell, Season 11, Heavy Rescue: 401, Season seven, Mud Mountain Haulers, Season two, Deadman's Curse, that's the working title Season one, Gut Job, Season one, Chilled, Season one. Dr. Savannah: Wild Rose Vet, Season one, in conjunction with Wapanatahk Media, and After the Storm, a documentary in production for Discovery Channel based on the 2021 flooding in BC. On our scripted side, the company was working on two series, Reginald the Vampire, Season one, and Strays, Season two, which was renewed for a second season as part of CBC's 2022 and 2023 comedy slate. Lastly, before we're ready for the Q&A, I want to highlight some recent recognitions the company has received and one announcement. Kim's Convenience was awarded three Canadian Screen Awards, which is amazing. GPM was named in the Business of Good Awards in 2022 for Diversity & Inclusion Champion and featured on Real screen's Global 100 Canada listing. Lego Star Wars: Terrifying Tales was nominated in the Animation Children Five to Ten category, and The Last Kids on Earth was nominated in the Interactive Children's Under Ten category for the Banff World Media Festival's Rockie Awards. We're also thrilled to share that Great Pacific Media has partnered with Sean Connolly's Original Content Lab to produce more unscripted primetime and kids series. This is an exciting development for us. That brings us to the end of our corporate update for today. We're so proud of the results and the team's hard work this quarter, and we're expecting a very strong Q4 and a really solid end to our fiscal year 2022. We continue to be busier than ever, and we're thrilled to continue creating high quality, meaningful content that resonates with viewers around the world. We're so grateful for our hardworking teams, and we truly wouldn't be here without them today. As we look to continue growing and expanding beyond North America, we're confident we have the infrastructure and leadership in place to become the next major global studio. Quality, diverse content remains king, and this is where we excel. We look forward to sharing even more exciting details on upcoming projects in the works at Thunderbird with you all soon. The future is bright. On behalf of all of our teams, thank you so much for being part of this journey. Now Barb and I are pleased to take any questions that we may have. Thank you. We will now begin the question and answer session. To ask a question, you may press Star then 1 on your telephone keypad. If you are using a speakerphone, please pick up your handset before pressing the keys. If at any time your question has been addressed and you would like to withdraw your question, please press Star then 2. We have the first question on our phone lines from Max Ingram of Canaccord. Please go ahead. Your line is open, Max. Hi, good afternoon. Thanks so much for taking my questions and congrats on the quarter. I just have three questions, if that's okay. First, I wanted to ask if we could get an update. I know Jen touched on it briefly on the call, but an update on any M&A efforts and kind of where you stand with that in terms of if you're still interested in doing something and what types of opportunities you're looking at. Great. Okay. I thought you were gonna list all three questions, but I'll dive into the first one. Thank you so much, Max. We are making great headway in Europe with M&A opportunities. We're, you know, working with our buyers to understand their needs. As places like Disney and Netflix have publicly announced, they need to go overseas, places like Europe, Southeast Asia, to increase subscriptions. By us having ownership in those areas, we can help fill a need that our buyers have. They only would have to deal with us as they, you know, look to expand their portfolio. We could turn on IP native to those regions. The final piece of the strategy is that we could also increase our capacity. There's some amazing studios with great talent out there, and this would allow us to take on more work, that, you know, we currently say no to, some of it because of the constraints of talent and production. This would allow us to grow at a faster rate, turn on more international IP, have an international presence, which is key to becoming a major global studio, and fulfill a real need for our buyers. Perfect. Yeah, that makes sense. Thank you so much. Secondly was on the consumer product side. I was wanting to ask if you're able to provide any sort of color on that division, if there's any development there, and if there's any particular titles you see driving success in the future. Anything you could maybe add would be helpful. Thanks. Yeah. Thank you. We definitely hope to have a few good announcements before the end of the fiscal year, if not shortly thereafter. We are making great headway. It's been a real game changer for us to have our own consumer products and distribution division. It will allow us to turn on more IP with the right deal to get those set up and all of the territories sold and bring on toy and video game partners. As well, it allows us to act as a third-party distributor for other companies that may not have that internal vertical. We're very pleased with the progress and look forward to you know, actually being able to announce some of the progression that we've made in the not too distant future. Okay, perfect. Thanks. We're also looking forward to hearing those announcements. I believe your longer term intention is to shift the mix of revenues back towards distribution. It looks like over the past few quarters, it's hovering around 80% service. Are you able to give us a sense of when you might expect to see that shape in the other direction? Looking at your pipeline, would that be more immediate, or is that sort of a more longer term development? Yeah, we're always doing a healthy mix of IP and service, and certainly IP, you get paid upon delivery. Whereas service, your cash flow throughout. Our service business has grown unbelievably so just with the increased demand we're seeing that is not slowing down across all fronts. As we increase the longer term value of the company, we want and need to keep adding to our IP library. So over the next several years, we should see a shift as these shows get made and deliver. A healthy mix of service and IP will always be key to our business. Service smooths lumpy cash flows. It's a great opportunity when we do a good job servicing major global brands like Donald Duck or Spider-Man or 101 Dalmatians. It's that much easier for us to turn around and sell our own IP. To answer your question directly, Max, we'll start to see an increased shift towards IP over the next several years. Okay. Perfect. That's so helpful. Thank you for answering all my questions, and I'll pass the line. Thank you so much, Max. Thank you, Max. We now have the next question from Barry Sine with Spartan Capital Securities. Your line is open. Hey, good afternoon, and thank you for taking my questions. I wanted to follow up. I really like the way, Jen, you started out the call with kind of the comments on the macro streaming environment and, you know, how the streaming wars are changing a bit. I think you rightfully focused in on quality and as you've said, as long as I can remember, that's quality is your North Star. How do the buyers recognize and know quality? I ask this because, you know, we've seen streamers put some less than stellar quality product out there. I don't think they would say that that was intentional. How do you differentiate yourself, and how do they understand this project that, you know, Thunderbird is pitching is a better quality than, you know, another project from another producer? Yeah, it's a great question, Barry. Thank you. I think our track record speaks for itself. You know, we've won multiple awards. We've been recognized as BC's most diverse and inclusive company. We won our Peabody for work there. Those, you know, while awards are sometimes a little self-congratulatory, they do help signal the quality at which we're producing. In addition, you know, we really have been called out as one of the more dependable studios. We successfully got everyone off-site in March of 2022 without missing a beat, without missing any deliveries. You know, streamers get pitched a lot of ideas. When we come to the table, there's a huge body of work before us that speaks to the quality that we do. Being a Canadian domiciled company, we bring tax credits to the table, so we're actually able to put more work on screen. When streamers get pitched ideas, a lot of the times it's like a good creator. How do they put it together? They have to go figure out all the pieces. With us, it's okay, great idea, great company. We know exactly how they're gonna execute on it. They have all this proof of concept before them. Away you go. We don't say yes to work we know we can't execute on. Whether we're doing service for our buyers or IP, we treat it as if it's our own. You know, we always shoot for the moon because we do know it from the very beginning, in a day and age where there's so much content available to people, only the strongest will stand out. Okay. I wanted to zero in on your scripted business. You know, as a big fan of Kim's, you know, I know what your quality there is, and I've always, you know, thought that you have the creative potential to do a lot more in scripted. I know during the pandemic, you just couldn't get people together, you know, for scripted productions. Now, with the pandemic over, I know you've got 2 productions, Strays and Reginald the Vampire, in production. Is that a segment of the business that you see more opportunity, you have more capability? It certainly seems you've got the creative ability to succeed in that business. You know, I'd like, you know, I would think you could do more than 2. Oh, definitely. That's the plan. We've looked at it opportunistically and, you know, taken, smart swings, I would say, in that area. We are looking to increase focus. Reginald the Vampire is a good one right now. You know, it's our first show to US-facing scripted with Amazon and Hulu and, Syfy. You know, as our goals shape and continue on our path to becoming a major global studio, we want a strong footprint that's high quality, very diverse and inclusive in kids and family and animation, in factual and in scripted. Those are very much in our plans. Okay. You touched on your constraints on your ability to grow, you know, even faster than you're growing when you answered the M&A question, which would give you some more capabilities. What are you seeing as constraints now? Are you able to find sufficient talent, or are you having to turn away, you know, potentially lucrative projects because you don't have the talent? You know, what are the constraints now that we're seeing on growth, or are there any? Yeah, the constraints on growth are really what the rest of the world's facing, just limited talent pools. You know, we invest heavily in every city we are in the schooling. We are able to recruit further afield geographically, but so are other companies. You know, I do expect things to settle over the coming months. You know, because we've always kept a focus on a good culture and retention and recruitment, we're faring better than others. You know, these shows take talent and time and experience. I'd say another thing, you know, two years of being completely off-site, a lot of what we're noticing, and I'm sure other companies are as well, that junior talent that would have moved to becoming more mid-level hasn't moved quite as quickly, only because it's weird being a young person learning a business. But, you know, a lot of that comes through osmosis. Being off-site has been challenging. But we're gaining that traction back, continuing to invest in and develop our workforce, they're our number one asset. And, you know, that's a part of our M&A plans as well, is to expand in other markets, gain access to other talent pools. So I wouldn't say that we're turning away massive amounts of work. You know, with our growth plans coming up in the next several years, we have to ensure that our talent base is healthy and striving, and that's part of our strategic outlook. Okay. Then my last question, maybe I'll direct this one at Barb and let Jen rest her voice. In terms of the typical seasonality of fourth quarter, I know you're, you know, you guys are optimistic. I know you're also not giving specific guidance in fourth quarter. Could you kinda give us a little mini tutorial and update on what Thunderbird, you know, typically looks like in a fourth quarter? Why is that? I know there's a mix, you know, between services and distribution. You know, give us an update on how we should think about fourth quarter as we look at, you know, modeling that out. Yeah, for sure. Hi, Barry. You know, it's interesting as I look over sort of the last five years, we're getting away from sort of more, you know, typical seasonality. Like I used to be able to sort of predict that quarter like 1 and 3 would be the big quarters because there was a lot of broadcasters in our mix rather than streamers. Now as we're working with more streamers, sort of the deliveries on the content side can be kinda all over the place. It's not as predictable. It's predictable from my end. It's not as predictable to know, for instance, that say last year, Q3 was a huge quarter for us. You know, it was a really big quarter, 40 episodes of factual series, Kim's Convenience, and our last 3 episodes of Last Kids. Of course, this quarter, you know, there aren't as many deliveries. However, we're looking at Q4, and we're gonna have more deliveries in Q4 as opposed to last year Q4. So we're gonna be about the same, about the same place that we were last year in terms of our IP content in Q4. In summary, there's a lot less sort of predictable seasonality in the IP deliveries as we deliver more to the streamers, and they don't have a specific sort of season, premiere season as a traditional broadcasters. Does that help? Yeah, very helpful, very helpful. All right. Thank you for taking my questions. Jen, get well soon. Oh, thank you, Barry. Thank you. As a reminder, it is star followed by one to ask any questions. We now have another question on the line from David McFadgen from Cormark. Please go ahead when you're ready, David. Oh, hi. Hi, everybody. A couple of questions. Maybe I can just go back to what was asked earlier on the call, the mix of licensing and distribution revenue versus service. I was wondering if you could sort of give us an idea on where you think you'll end up for fiscal 2022 in terms of the mix. Barb, do you wanna attempt that? Hi, David. Yeah, you bet. You know, hi, David. How are you doing? I'm doing well. Yeah. Good. Thank you. As I mentioned to Barry, we're gonna land Q4, you know, around the same area in terms of IP as we did the previous year, in the same sort of ballpark. As you've seen over the number of quarters this year, our production services continues to grow. As we're building our IP, you know, you'll see that production services be a pretty large amount of the revenue because, as you know, as soon as we sign a contract, as soon as we get to work, you know, we start to record those results in production services. Whereas when we're building our sort of IP library, it's gonna take some time for those results to fall into place. Does that mean if I look at your fiscal 2021 revenue, the percentage that would be, or the split that would be production services and licensing distribution would be somewhat similar in 2022? Is that the way we should look at it? I think we've been tracking more. I think because production services has been growing at such an exponential growth, I think we'll be probably tracking more heavily on the production services side by the end of fiscal 2022. I mean, just as we've seen over the first three quarters. Yeah. Okay. When you talk about a robust Q4, then obviously that means that we're gonna have growth year-over-year in Q4, right? 'Cause, you know, in the past, as you indicated, Q4 has been your smallest quarter. Now with the change of delivery schedule with the streamers and stuff, should we expect growth in Q4, 2022 versus 2021? Yeah, that is correct. Yeah. Okay. Yeah. Correct. Maybe you could just provide a comment on Netflix, you know, with the subscribers down. There's discussion in the marketplace that they're gonna be more targeted with the content that they license. I was just wondering if there's been any change with you and your Netflix relationship. No, not at all. In fact, it's, you know, as I alluded to when I opened the call, it's a good news story for us. The story is now quality over quantity. All of the streamers, including Netflix, have to constantly refresh their sites to glue subscribers. Now, you know, people like Netflix are zeroing in on working with their best providers, doing that high quality content that is going to glue people, make people tune back in, less volume. That's what we're known for, and that's how all of our buyers, including Netflix, appreciate it. This is actually a good news story for us. May not be for the other hundreds of animation companies or factual companies out there. You know, some will likely fade, but not us. This will allow us to grow stronger, and then ultimately, you know, more talent might pop available. This is a really good news story for us. Okay. All right. Okay. Thank you. Thank you, David. Thank you. As a reminder, it is star followed by one to ask any further questions today. As we have no further questions, if you do have any more, please call +1 604 683 5555 or email investors at Thunderbird TV. Thank you. This does conclude our call. Thank you. Thank you. You may now disconnect your lines, and have a lovely day.