Yes. I thought in September 2005 that the warning signal had been given, that it was a good move, and that hopefully it would have cleaned things up. The reversal in November floored me, personally. The fallout we've seen after that has been significant.
What amazes me is that somehow or other, on the distributions, if you use a typical 8% distribution and 75% of that is a return of capital—and there are quite a few companies like this—then your real return is 2%. But the market is somehow capitalizing the 8%. If you look at many of the newspapers and the articles, they call that 8% the yield.
From my point of view, the action taken on October 31 was overdue. It should have been taken a long time before, because of the Ponzi frauds.