We probably wouldn't comment specifically on this process. I would say that in general, the concept of reserve bids is maybe more common in an art auction than in this type of auction. The effective reserve bid probably comes more from the fairness opinion. Unless this is seen by an independent party to be fair to the taxpayers and our client, the government, then it just won't happen. Our job is to generate the highest bid out of the current market.
On May 29th, 2007. See this statement in context.