|Mark Harding||President, Chief Financial Officer and Director|
|John Rosenberg||Loughlin Water|
|Bill Cunningham||Private Investor|
Good day, ladies and gentlemen, and welcome to the Pure Cycle Corporation Fiscal Year and Fourth Quarter Ended 2019 Fiscal Result Call. All lines have been placed in a listen-only mode, and the floor will be opened for questions and comments following the presentation. [Operator Instructions]
At this time, it is my pleasure to turn the floor over to your host, Mark Harding, President, CFO and Director. Sir, the floor is yours.