Assuming that Grossblatt really said that to you, there is no mystery as to why. Even with the new production facilities, UUU's cost structure makes them uncompetative with US production unless the Canadian dollar goes down that low. But don't forget something equally as important. If UUU's costs are really that high, then it will also have problems in the Canadian market. There is no barrier to US producers of EMT selling across the border into Canada. So, UUU may get hammered there too since it will not be able to compete with lower cost US product.