Mr. Alan Merriman:

And change in legislation, so this was a very, very big deal. And again I go back to the board, the majority board, very strongly of the view that, "No, look, Alan, let's be clear, we're a mutual, we're here to preserve mutuality, we've a more optimistic view of this market and how we're going to do this than you, and no, look, we're sticking to what is our roots".