Yes. And let's start with a Bond Business Update. So, let me just offer you the big picture, and then I'll drill into the details. Reminding everybody: the big picture that I remind myself of all the time, we're addressing a very large market. The product and the service work for quite some time, very high reliability, and it does the job. In other words, we make people safer, and we make them feel safer. And our customers are very happy with the product. We've also proven our ability to sell to the largest companies in the world, literally. We're going to get into the details momentarily. And now we've proven our ability to sell to cities who have bought it for all residents, have bought it for their city workers, and we're in dialogues with about 20 cities across three countries. The economics of the business are very positive. We're going to talk about that. High margin. We get the money paid quickly. And the cost of sales is relatively low. Competition from our perspective doesn't exist. We have not encountered competition in any of the accounts that we're pitching to. The moat, our ability to protect our position as a first mover is quite robust, or I should say very robust. We anticipate significant growth, and we see the early indicators of that. And we have cash to fund growth, and we've always had cash to fund growth throughout our time since 2017. Let's get to the details. What I think is going to be valuable for you is to get a sense of how we present Bond, or at least a subset of the Bond presentation, to customers who could be chief security officers or mayors. And we talk about a personal security gap and two specific problems. Problem number one is that when people that we care about, could be us, could be our family members, our employees, residents of our cities. Feel uncomfortable, but it's too early for them to dial 911. For instance, Lisa. Lisa is one of 40% of Americans. It's 140 million Americans. We say they feel unsafe walking along at night. Here she is leaving the building, the office building, at 6:00 p.m. While she feels unsafe, having five minutes of walk to where she parked her car or to the subway or home, it's too early for her to dial 911. Write 911 is for emergencies. Which means that Lisa does not have anyone professional to call addressing this peace of mind problem of feeling unsafe; it's a peace of mind problem number one. Problem number two is when it's too late to dial 911 or to complete a 911 call when you're facing an assailant. Here is Lisa again. Now she's in the parking garage. She notices the wrong person's approaching her. When she notices him, he's what? Two cars away, 30 feet. What's the closing time for a man running 30 feet? Two seconds. In two seconds, does anybody complete a 911 call? No. By the way, according to the Bureau of Justice, 500,000 women are raped every year in the United States. A 0.3% of all women over the age of 18. These are staggering numbers. This end of the continuum, basically, means that we cannot complete a 911 call whenever we face an assailant. Think about that. So the problem starts with it being too early to dial 911. If there are 140 million Americans who feel that way, only once per week we're talking about 7.28 billion cases per year. And some of those are going to end up with it being too late to complete a 911 call. This is what we call the personal security gap. So let's see how Bond addresses these problems that have no solution under the existing paradigm. The existing paradigm is a paradigm of putting more police officers or security professionals in our streets, or putting more cameras in the streets. We know that it doesn't work because of these two problems that I just referenced. Notice that solving the problem requires a new paradigm. That's a new paradigm that Bond prevents. Excuse me. Introduces. That paradigm is introduced with a large set of services that we offer via an app. The most meaningful set are in green, and those are the preventive services. We're not going to talk about all of that. I think you know all of this. But basically, let's look at how this addresses the problem for Lisa. Lisa is invited to activate Bond whenever she feels uncomfortable. We're not a 911 service. We're a pre-911 service. So if she's about to walk into the parking garage or in any situation, she could be in a ride-sharing vehicle, receiving a delivery at home, feeling unwell, maybe she's expecting an epileptic seizure or is afraid of one. What she does is she activates Bond. Here she chooses the lower left service that is called video monitoring me. Within five seconds, she gets a Bond agent on her phone. What we've actually delivered is a personal security companion. That's the distillation of what we do. Does anybody else do that? You can call your parents or your friends, but they're not professionals in command centers who have connectivity and can activate the police. Nor are they trained on de-escalation and deterrence. Lisa clicked the button. While preserving her privacy 100%, doesn't matter if her company paid for it or her city paid for it or maybe her parents, we work for her. We do not share her information or the fact that she's using Bond with anyone. I believe we just addressed the too early to dial 911 problem. Click of a button. You're not alone. And now you have a professional looking after you. Problem number one addressed uniquely. Now let's talk about problem number two. What happens when we face an assailant? Again, Lisa clicks the same button. She gets a Bond agent on her phone. But you ask, wait, how does this help? Not just when she's worried walking along at night, but when she faces an assailant. Great question. Let's get tactical and ask ourselves, who is approaching Lisa? What's the profile of the perpetrator? Let's think professionally. He's a man in 99.9% of the cases. He's opportunistic. He's not on a mission to hurt Lisa. He saw Lisa, and he decided to take a shot. To do something that benefits him in his mind. He wishes to survive the incident. That means that he's very selective about the targets. He's not going to choose Shaquille O'Neal, right? Like any other animal in the jungle, not saying that he's an animal. We all are animals. He wants to survive. In addition, he wishes to stay free. This is not intuitive to us, but if you're a perpetrator, you wish to stay free. That means that you need to avoid cameras, and you need to avoid witnesses. None of the 500,000 rape cases in the United States every year occur in front of cameras or witnesses. Which means that by virtue of adding the Bond agent, upon a click of a button in five seconds, Lisa or any one of us now has an agent on a recorded camera, a witness on a recorded camera. And that in and of itself deters. It makes Lisa or anybody else and not so worthy target. Again, target selection is a key for the perpetrators. So most perpetrators are going to stay away from Lisa just by virtue of her walking with video on. But if we need to, and this has happened in hundreds of cases, we would encourage Lisa to stop, turn her phone towards the approaching stranger, and then the Bond agent speaks with him through the phone of Lisa. Like this. Now, we have already addressed hundreds of cases, and all of them have been successful. My expectation is that about 1% of the cases, maybe 2% of the cases, are not going to be successful because we're going to be dealing with a perpetrator who's not in his right mind. And then he might hit Lisa or Doron or John, etc., toss the phone away. That's better in our mind than a situation of him taking Lisa away. So this works in a situation like the one that I'm describing to you, a simulation of what happens in our normal life at Bond helping people. And it could be other situations. Joanne or Doron or Lisa could be in a ride-sharing vehicle. They could be accepting a delivery. They could be meeting a customer or somebody that they know that might be on a blind date that has turned the wrong way. And any one of those situations, they get an agent on the phone. We can deter with just address the too early and the too late to dial 911, and we address it in five seconds. So this is the story or this is what we're presenting to customers, and you know that we've been to GSX, Global Security Exchange in Atlanta. Two weeks ago, this is our booth. So we made a significant investment in order to allow people who come to the booth, of course, we promoted our presence in this trade show. People would come over, and we would invite them to sit down to a theater presentation of about 10 minutes on the left, as well as to engage any one of our executives and team members and learn about the process. And this is another photo. Again, this is before rush hour, but it gives you a sense how it looks when it starts to fill up. And we have had excellent conversations of 10, 20 minutes with executives of Google, of Amazon, of Airbnb, of ADP, of US Postal Service, and more and more. And with my musical ears having been selling to corporations for about 30 years, I like the tone, the engagement, the reaction of those executives. And they understanding why, according to EY report that you see in the middle of the booth in yellow, this can save your company $200 approximately for any one of the employees. Let's get your HR and finance involved. Again, these are early indicators and my perspective is intuitive, but we're already seeing quicker transition from those first meetings that occurred at GSX to follow-up meetings so I think that this has had in the right direction. Again, early indicators. By the way, just to remind all of you, and this is something that we shared at GSX, who are the Bond customers? One of the three largest global retailers. You know who that is. We're three largest global telecommunications companies. Yes, of course, it's a US company. One of the three largest credit card companies. And one of the three largest smartphone companies. You know who that is. You're using their phones. Media entertainment companies and so on. And in addition, banks, airlines, insurance companies, and so forth. We cover a lot of industry. This is relevant for any employee any person across the demographics. Now, the reality is Bond customers offer the service to all type of employees, not just to executives and to traveling professionals. We're the only company that we know of that offers full workforce coverage, a new market that we're creating here not only in corporations, but soon, hopefully, in cities. I say soon, hopefully, because we're seeing the first adopters we'd like to turn that into a new standard, a new standard where public security, say the police, joins forces with private sector security. That's Bond. In order to offer a more comprehensive, more effective privacy-preserving solution. Now, I've already shared with you in private webinars the importance of showing proof to early adopters. And that proof came on July 29th when we published the EY findings, which we've then featured in GSX and in all of our meetings with customers. And I also shared with you that we anticipate an inflection point of sorts or crossing the chasm. And I've been asked, what does that translate you practically? So first of all, all of us, investors, are going to see that inflection form and an inflection point in the form of increase in revenues. But what is driving that and what are the leading indicators are, first of all, that if we meet say 100 prospective customers, the percentage of them that we meet for the first time, they're going to say, let's pursue this, becomes larger. In other words, we're going to be more efficient in our application of lead generation and marketing dollars at the top of the funnel, as it's called. So higher percentage of people who convert and want to pursue a deal with Bond. Secondly, the sales cycle that is on average about nine months right now, it means that any meetings that we've had at GSX, on average, will turn into a deal by mid-2027. And as you remember, we went public in February and that is when we turned on the marketing and sales machine as we've made significant investments in sales and marketing. Those are going to yield at the end of this year. There are some deals that we're pursuing. I can't share until we win those deals. You've heard about some of them. But all of that is going to increase as we get to the nine-month point. And remember, we started investing in March, but we have been investing for instance, GSX is an investment point in September of 2026. The third point is that deal sizes are going to increase. Thank you. The deal sizes are going to increase. And all of that is going to give rise to more productivity, and for us, reinvesting all of those dollars that come to customers. And by the way, our customers pay Bond upon signing the deal, plus 30, 45, 60 days. In other words, we don't get paid over time. We get paid upfront, which is part of the very favorable economics of the Bond system and business model. Now, other noteworthy points that I wanted to share with you. Let's first of all explain the slow inflection that is experienced in 2026. I just touched upon that, but I'm asked about that from time to time. People ask, where are all these deals other than the real estate deal and the city deal and other deals that we've been communicating? But why aren't we seeing the revenue? Well, in 2025, we focused our resources and funds on going public, on very low-budget sales strategy that targets very large accounts, call it elephant hunting. Some of those deals are worth millions of dollars in revenues, and in annual recurring revenues. But when you miss one of those deals, basically, it creates a hole in what you were hoping to achieve. It's very different than pursuing, say, a thousand deals or a hundred deals. And if you lose half of what you forecast, you still have the other half. But that's what we had to do in 2025 because we had to be very precise with our budget. Further, many of those deals are with governments. For instance, with cities. That means that it's a long sales cycle and there's some uncertainty associated with dealing with the government. For example, we're in pursuit of a deal. This is not a government deal, by the way. This is a private sector company. Very large one. Where if they decide to offer Bond to all of their employees just in the United States, this could be anywhere up to a $15 million per year deal. I'm not projecting it. I'm just giving you a sense of what does it mean to do elephant hunting. This is probably the largest elephant among the ones that we're pursuing. Following going public in February 2026, we added resources significant resources to marketing and sales and are pursuing a growth strategy that targets a large number of prospects, right? Think about the GSX event. Think about us having invested more in inside sales rep. We've added more sales professionals. We've added more marketing resources. All of that in order to open a much broader net and reach out to a much larger number of prospects. But all of that is going to take time in order to execute on these deals, win the deals, and then there's more time in order for them to turn into revenue. We collect the booking dollars within a month or two, but the revenue recognition lasts a year. Or two years or three years depending on the deal format. So I touched on that point. So this is the first thing that I wanted to explain why this inflection is taking time and why we're seeing the early indications that I interpret as being very positive, but we need to be patient. The economics of the business are positive. I touched upon that. The margin is very positive. So we have made massive investments in the infrastructure. There's over 300 engineering years just in the code, in the platform. And we've made it available in 29 countries. That's a significant investment. But from this point on, if we win another deal, the investment that we will make in that deal will be paid by that deal. For example, if we win a large customer, at some point in time, and for that customer, we need to add more security agents, that is paid for by that customer, that pays upfront for at least a year in advance. Which means that we are pretty much efficient with our infrastructure deployment at this point in time. And any deal that we're going to win, unless we need to open a new country because there is an opportunity, something that I'm not forecasting right now, the current infrastructure is going to allow us to now win a lot of deals. Utilize that infrastructure and just add more security agents, funded by the deal that we have just won. So there are high margins. Low cost of sales. And there's an upfront payment. We close the deal and within two months, we get paid a year in advance. This is very favorable. And just reminding all of you, given who are the main long-standing investors in Bond, including yours humbly, the company has not had problems when it needed capital. Plus, we've been able to raise capital since we went public, but we have been doing that very carefully and responsibly in order to create too much dilution because of the price per share that we're not happy with. We'll talk about that momentarily. Which leads me Just under 10 minutes remaining. Thank you. To talk about the split. So the facts. The BOD and shareholders approved a 1 to 20 split. This now starts a process. By the way, another important point is that we approved an increase of the authorized shares back to 200 million. We're now working with NASDAQ according to their processes. And accordingly, as soon as we know more, we get approval, we have dates, et cetera, we'll immediately update you. I can conjecture here what are we talking about? And my assumption is that it's a matter of weeks. But we will file another 8K as soon as we get the okay from NASDAQ and we'll be clear about timing and so forth. The rationale. We believe that there is a gross misalignment between the value of the company and the price per share. You've heard me say that. I'm assuming that you believe so as well. I'm not talking about a small misalignment. I'm talking about a gross misalignment. We believe that the split is going to help us cure that particular issue of this misalignment. It's going to take time, but this is a step in the right direction, an important step. In addition, we sense that there's a general uncertainty in the markets. That uncertainty is born out of the midterm elections, the war in the Gulf, and we've all been hearing about the AI companies. I'm talking about, of course, the ChatGPT types and Anthropic that are talking about a required slowdown. First of all, just so you know, there's no slowdown at Bond. There's nothing that we do that is out of control with AI. Our AI is not interacting with the outside world, doesn't knock on doors. And so forth. That was a metaphor. But all of those three factors and more create some uncertainty in the market. And with that uncertainty, coupled with the fact that we know that there's this misalignment between the price per share and the value of the company, we thought that it's a good idea for us to conduct the split addressing a few purposes. First, it plays a role in our intention to cure the gross misalignment that we have here in Port Number One. And it does that by virtue of reducing the float. And secondly, it allows long-term investors that are not allowed based on the policies of their institutions to invest in companies whose price per share is below certain targets that they have assigned, they allow them to engage and a lot of them whom I've spoken with want to engage with Bond. They sense that this is a great opportunity. I think it's a great opportunity. We believe that this is particularly significant entering an anticipated period of enhanced growth that I've been talking about. So I think that we're in this transition period to cure problem number one. More on that in the next weeks. It assists with NASDAQ compliance matters that you're aware of that we expect to separately resolve irrespectively of the split, but this is an assist and we like to play it safe. So we thought that this is the right time to do that. In summary, we believe the Bond is very well positioned to create great value to our members. That's the end users and investors. We believe that there is a vast temporary misalignment between the value of the company and the price per share, PPS. The main business parameters are strong. Large TAM, robust product and service, large corporations, now also cities are adopting. They are growing very low churn. We don't see large customers leaving Bond. And the employees of those companies don't leave almost at all unless they leave the company. So very low churn. Security and business results that customers experience are very positive. Think about the EYRY study. Growth, strong leading indicators that I've discussed. We're going to have to wait in order for meaningful revenue results to occur. And I've given you a good sense of that. Very good GSX. That's the trade show reaction and early results. Resonance of the Bond value proposition, the anticipated inflection point will translate to, as I said, high percentages of prospects translating into deals. Shorter sales cycle. Larger deals. And we're going to be reinvesting all of that in growth again. Bond does not anticipate challenges funding the business given the profile of its long-term investors. And as you know, the board approved a 1 to 20 split in support of the business. With that, I'll take some questions. And I'll remind you that if you have further questions, and we don't get to the questions that you have, keep sending us emails and we will respond in a timely manner. Marley, was I supposed to remind everybody of something else or we just take questions now? It is time to take questions now. And we have just under five minutes remaining. So we have I'll start with the questions that have been sent already. First question. The company continues to make progress, but the stock prices continued to struggle. Why do you think there is such a disconnect between the business and the share price? Well, there are a lot of factors I'm going to keep it short, but I think that it has to do with who the investors are. So if you think about the process of the company since we went public, a lot of the long-term investors we're talking about investors who've invested almost a decade ago, a lot of them sold their positions early. Those shares have been purchased by investors who are mainly day traders. In other words, they're short-term investors. And that reality, whereby a significant part of the float are day traders, is creating this downward pressure. And those investors, and we love everybody, of course, are less concerned about everything that we've discussed here, which is about the future of the company and the potential company as opposed to what can be done within a day by buying and selling in a timely basis. I think that's the main driver of that misalignment. Next. Yes, in about three minutes remaining. The next question. What was the response and turnout at GSX, the trade show? So we scanned that people who come to our booth. We had over a thousand people visit the booth. A large percentage of them were customers. A large percent of them were very large customers. And we've collected a lot of business cards that we're going to follow up with. And I gave you names of people whom we've had direct conversations with and are already scheduling follow-up meetings. So I'd say it was very positive. Like anything else, we're learning and we're going to sharpen our game plan for next year. We're going to be in a more central location so we can perhaps even double the number of people who visit our booth. But all in all, very positive. Great. And a reminder, please add any questions to the Q and A box in the webinar. Our next question. Is the split you referenced intended to address the minimum bid price issue? We believe that that will take care of itself organically between now and the end of the year. But it addresses that preemptively. So that addresses that particular issue. Because if you take whatever the price per share year at a point of a potential split in the next few weeks, if you multiply that by 20, it takes care of that particular issue. That's the answer. Great. Next question. Back to GSX. Have any of those conversations, and you may have addressed this a bit already, have any of those conversations from GSX led to new contracts, pilots, or potential deals? No potential deals, yes. There are dialogues with senior executives who were there, but nothing that I can report on at this point in time. Just early resonance, as I said, I've been selling to corporations in the last 30 years. And you develop a nose or a set of ears to when people are just talking and when they're serious. And I think that early indications are very strong. With about one minute left, one question. Why was the potential reverse split ratio of 1 for 20 chosen? Basically, you need to follow NASDAQ protocols and there are certain limitations. For instance, you need to make sure that pro-split you have at least X number of investors, with a minimum of Y number of shares. We're not affiliated with a company. And so forth. So what we've done is we work with the lawyers to see what is a safe number and 20 is that number. Great. And in our final minute, we have a question. What are you seeing in the sales pipeline that gives you confidence that growth is accelerating? Mainly the factors that I've already described. It's the early dialogues. The openness of people to take meetings. So just to give you a sense, we have an organization that deals with inside sales reps. They place phone calls to people who are executives in the security market. Physical security. And they tell them, hey, would you like I'm paraphrasing. Would you like to hear about Bond? We know what was the success rate of these calls, say, six months ago. And what is the success rate of these calls now when early in the conversation, they say, and by the way, our customers include A, B, and C, and they name the customers. And they say they offer the service to all of their employees. The reason that they do it is because according to Ernst Young, this returns $200 approximately per employee per year. Can I set up a meeting for you? So the percentage of those calls that translate into meetings with me, with other executives in the company, is far greater than what we've seen six months ago and before. These are early indicators. It takes time for these deals to close. But I'm very positive and confident regarding the future. Very good. We are about one moment over. So would like to just remind everyone for other questions or outreach to please go to investorrelations@ourbond.com. And thank you very much for attending, Doron. Friends, thank you for joining us. Thank you for investing or planning to invest in Bond. We look forward to continue riding this great opportunity and celebrating together in due time. Thanks very much.