Great. I want to thank all of the witnesses. Unfortunately, I only have seven minutes and I probably have about an hour's worth of questions, so you'll have to forgive me. I'm just going to try to ram them through.
Mr. Gailus, I want to start with you for a moment. One of the reasons we are having some additional testimony is we wanted to specifically talk about pre-designation. Could you talk about the merits, the pluses or the minuses, around pre-designation?