I call the meeting back to order.
Thank you very much, gentlemen, for agreeing to appear before our committee this afternoon.
There are certain time constraints that we ask our guests to adhere to. Our members have limited time for questions and answers. We generally allow about 10 minutes for opening comments. I generally don't cut our guests off, but at a certain point, when I indicate, I would ask that you bring your comments to a conclusion.
Mr. Etchegary, I believe you're going to make some opening comments. Proceed whenever you're ready.