It would also reflect risk in the sense that had the decision by a good group of brains in a room.... And Mr. Tully, you mentioned that your board of directors is right there in your own home town sometimes, and I'll give you that five guys meeting in your drive shed gives you a board of directors meeting sometimes too. But the real piece here is your risk. Even at that level, if a group of people had said no, we're not moving forward with the refining process, and because they were in the majority they had said no, that's too much risk for us, cooperatives are able to deal with that. They're able to deal with the disappointment of the group of people saying no, it's too much for us at this moment, maybe in another year or two, or maybe something else. So you move on to another decision and continue to make dividend profits for your members in a different way, with perhaps less of their equity at risk.
On July 26th, 2012. See this statement in context.