Yes, with pleasure.
The hotel industry is asset-based, so when you go to the bank and you apply for a loan, it's not like you rent the facilities and they only look at cash flow; they look at the actual value of the property. As I indicated earlier, the biggest challenge is that they just can't seem to put their finger on what a hotel is worth today, and that is the deepest, fatal flaw in the BCAP that we have been able to pinpoint throughout this process.
To answer your question about cash flow, based on our analysis of a 100-room hotel, over a 12-month horizon, they would need $600,000 in cash. That already builds in the assumption that the CEWS program will be in effect until December, at the reduced rate that is already scheduled, and there are no other programs that are really relevant in terms of relief.