Mr. David Hall:

In terms of the financial statement information to the nominated party, the correspondence has usually come from the intermediary so that is the point of contact. Many of us have tried to assess who the owner represented in the letter might be. Often that information is not included. A letter might arrive from Pepper Ireland or Mars Capital. Sometimes clients contact us and believe that Mars Capital has their loan, but it might be the case that Mars Capital is handling it on behalf of someone else. Much of the engagement is with the intermediaries. It is very difficult, if not impossible, to contact a loan owner. However, there are conflicts.