Dr. Colin Hunt:

I deal with the board frequently and the board is ultimately and collectively my boss. We are very lucky to have a very experienced and very diverse board in multiple ways, including people with domestic and international experience. On the face of it, the proposal was soundly based, but we were wrong, and I have admitted it was wrong. Ultimately, the board was being asked to approve a proposal we brought to it. I and the board performed, and continue to perform, our function very well and we are lucky to have as experienced, diverse and accomplished a board of directors as we have.