Mr. Bernard Sheridan:

I am not going to speak on behalf of the Maltese authorities, but they were taking steps to try to resolve the issues in order to avoid the situation we are in where there would an orderly run-off of the company. Our view was that until the appropriate authority confirmed to us the situation with the company, we were not in a position to take the action the Deputy is suggesting. When we got the confirmation, we did alert both the media and public to what was going on.