Mr. Tom Browne:

Absolutely and based on the risk element of the actual ... going from unzoned land across to development with pre-sales, your high-risk category is your unzoned land and then you move across in terms of the risk profile so your risk profile in terms of your development ... with pre-sales, pre-let, you believe you're actually kind of, you know, you're working out there ... in terms of actually, your pre-sales, pre-lets will repay your debt. The real issue here, when you look at kind of where the risk was, is around unzoned land and zoned land and again, the mistake that was made is that we continued to support people who were actually kind of acquiring, you know, that type of asset.