The intake prior to the change was unmanageable. The last month that the old program was in place—that was in June—we received about 1,000 investor applications in one month. In 2010, in the first six months, we received 9,000 new investor applications. It was completely unmanageable. When the program was reopened on December 1, 2010, the initial intake was fairly high because of pent-up demand from July to December of 2010. It is now averaging about 300 new applications per month. There's been a significant reduction—60% to 70%—in the number of applications received, but we are still receiving a significant number of applications in that category.
On March 3rd, 2011. See this statement in context.