Mr. Frank Daly:

It was PIMCO wondering aloud whether it could shape it differently to stay in the process. I presume they meant throwing out the three advisers, Brown Rudnick, Tughans and Cushnahan. On 11 March, Ronnie Hanna sought to close that off in a phone call. There was never any doubt in the board's mind that PIMCO could not continue in this. It probably suited both us and PIMCO, in the end, that there was a graceful withdrawal.