I am aware of Monsieur Arès' subsequent testimony, in which he acknowledges that he wrote that memorandum based upon an assumption that we were entering into direct negotiations at the tendered lease rate, with all of the attendant fit-up costs that would have been required for greater space in Place Victoria than had been described in the client's operational requirements. He was not aware of the discussions that had been had with the owners of Place Victoria to reduce the lease rate and to look at a more modest proposal.
On March 4th, 2008. See this statement in context.