Mr. Pat Creed:

Yes, we had discussions with the bank. They have been going on for a number of months now. I suppose at the point we were having discussions with the bank we did not have any idea what the realisable value of the asset was. So we would have been saying to them on the basis of the EBITDA that we were able to produce that we were trying to work out the level of debt that the business could sustain. In that context the situation would be that we would not be able to meet the level of debt that was outstanding at the time.