Mr. Richie Boucher:

We had to confirm to the Department and to the State as the underwriter, that we would like to let these people move to the next stage, due diligence. They signed non-disclosure agreements. As part of signing such an agreement, if they decided not to proceed with their investment they could not trade in the bank stock or any bonds related to the stock for a period of six months. Entering into due diligence is a very important consideration for a potential investor because they are potentially locking themselves out of a market. Those investors then met a number of my colleagues. I was the chief executive, so I was intensely involved in the meetings with all investors.