Thank you very much for that presentation and thank you all for the presentations.
We're going to open it up. As the committee members know, I'm pretty flexible with time, but since you have three witnesses, try not to throw in a question in your last five seconds and make it awkward for the presenters. Use your judgment on your questions, because there's going to be lots of time to go around a second time and I don't want to cut off the witnesses, if they're on the run.
We're going to start with Mr. Hoback for six minutes.