I'm inclined to agree Lowell, although getting regulation will require some significant changes at LL.

If I can avoid giving information as a CEO to tie to me personally, and so avoid responsibility, or make it hard to assign, why would I not do so? I guess I'd have to add, I certainly wouldn't do so if I intended to defraud people, but most of our financial regulations are really to force compliance, however ineffectively.

An Australian friend of my commented that running a Stock Exchange in Australia is illegal without some form of licensing. Could you comment on that?