Ladies and gentlemen, on behalf of the committee, thank you for taking the time to meet with us today to share your thoughts and to try to answer any questions that committee members might have.
I believe most of you heard my comments earlier about the timeframes that committee members are constrained by so that we can try to get as many questions and answers in as possible. We generally allow 10 minutes per presentation, and committee members know the time constraints they work within.
Mr. Hobson, I believe you will begin. The floor is yours, Mr. Hobson.