Mr. Kevin Cardiff:

So, we said it. It's in one of the documents. The business model is seriously damaged, what are they going to do if they don't have this business model? And there was no sign, from the limited discussions that people had had with the management, that they saw that. So the thing to do was to wrap it into what we were calling nationalisation, protective custody. Grab this institution and manage it in a way that reflected that reality.