In our case, the local equity market in our jurisdiction of domicile is not sufficiently developed for the sector in which we operate, such that we have no choice but to list elsewhere such as in the US. The fact that we are solely US-listed (and therefore all trading volumes are in the US) does not change the fact that we are a foreign company with almost all of our investors, assets, and business operations outside the US, and are therefore truly a foreign private issuer in every sense of the word. The current criteria accurately measure FPI status in our view.