Mr. Alan Merriman:

So I felt that, given the pressures the society was under - particularly because of the mortgage market and the razor thin margins that were available at that point in time - that the ability for EBS to generate its own capital was very, very tight. And given what was going on in the market, that it was much more likely than not, that EBS wasn't going to be able to sustain itself, and therefore an exit at that point in time would be prudent and sensible.