You've got enough votes, Lawrence.
Mr. Bungay, once again I'd like to thank you for joining us this afternoon. I appreciate your coming on short notice. Basically we'll give you 10 minutes to make a presentation, and then the members will have an opportunity to ask you questions. Those questions will be timed questions, and the responses will be timed. If you hear beeping throughout the meeting--you've probably heard it already--that's the time indication.
Mr. Bungay, I'll let you proceed. Thank you.