Mr. Adrian Lynch:

That is correct and what we do know is that it was not agreed until 7 May. If one looks at the tripartite agreement, one sees that there is no reference to €75,000 in it and there is no underwriting in it. In fact, there is reference to a fee of €500 in it. The agent had looked for the underwriting through that entire period but that was not provided until that meeting. Three payments were made on the basis of that meeting. When the agent was written to and asked, he did not refer to 20 February but to 7 May.