The Board of Directors and Stretch management team wish to thank Gary Banta for his valuable and long-lasting contributions.

If the board isn't keeping the association informed and making decisions that are proper for the association, then a management company can't make those decisions or set the agenda or force them to spend money on things that need to be done.

I think sometimes it's difficult to run something by committee; the management of both companies are strong-willed types of individuals. They both have their own way of doing things. That makes it hard to have the flow you need and to create the sixth network.

Even the Japanese are not that happy with the yen constantly weakening. Apart from anything else, it makes the management look rather silly if they've invested a great deal of time and money in overseas production. Suddenly, they don't need it two or three years later.

Based on what we've looked at, we feel we have to make ... management changes and the best way to do this is to start with a fresh team,

That was an inside deal at the management level to buy Crusoe out.