Well, I'm sure it's not your fault. We apologize for the delay to everyone concerned. You are coming through very loud and clear, I might say, so we can proceed.
I think we will begin—now that we have the sound up, and if it's all right with the rest of the witnesses—with Mr. Stanford for a brief opening statement. I would ask each of you, if you wouldn't mind, to give a brief opening statement, at which time we'll proceed to questions in the usual format. We do have video here. We may get simultaneous video and the conference call through the wonders of modern science.
Mr. Stanford, could I ask you to proceed.