Thank you, Mr. Chairman.
Again, gentlemen, thank you very much.
Bobby, every time I've heard you speak it has always been direct and to the point. Thank you very much for that.
The FRCC report made a recommendation regarding the buyout. I want to read it to you and I'd like to get your reaction on it:
The FRCC supports options that involve self-rationalization within the industry. The FRCC concludes that a government-funded buyout of licenses is not an effective means to deal with the over-capacity in the lobster fishery. If it is decided that a buyout is preferred then it should be done in conjunction with other mechanisms that will ensure that the fishing effort is not allowed to increase following a buyout.
Bobby, you had indicated $200,000. I assume that was for the licence. Am I correct?