Mr. Mark O'Mahoney:

We do not have any visibility of the equity demand within the economy. Typically equity would have been put in, or if the equity gap could have been met by an owner-manager or friends or family etc., they would fill in that piece necessary to leverage the loan finance. That may not be available now and if we are going to move into a period of expansion of the economy, companies will increasingly look for investment capital and growth and they may need to start looking for equity capital or considering it where they have not done in the past or have not had to do it in the past.