Mr. Kevin Cardiff:

To be clear, I don't believe that there was any such agenda anywhere. What your saying is: was there an agenda to keep bad news out of the room? I don't think so. I didn't see anything that would make me think that. There may have been an agenda to keep the meeting room from overflowing and there may have been a view that Mr. McDonagh was not required, but having him outside was useful. There may even have been a view that we understood what the general perspective of both NTMA and Merrill's were. But I didn't see anything that would lead me to think that he was kept out of the room for any reason of that sort.