Thank you very much.
We've had our first three presentations. Now we're going to enter into our question and answer portion. Unlike last meeting when I was very generous on time, we're going to have to keep very tight on time so that we give everybody a fair shot. If I cut you off, don't be offended. That's just the way it's going to be today.
Mr. Rankin, you're up first. You have seven minutes, sir.