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Mike Henderson  - The board and our general manager have been getting a lot of criticism for this taking so long. Actually, the public law had mandated that we privatize the terminal or issue an RFP for the privatization within ninety days from the passage of that law and that was back in 2003 so it's been quite a long time but the board's position and the management's position is that they're doing this very due diligence because this is our only terminal on the whole island and 95% of the goods pass through this one terminal and they want to make sure that if it is turned over to somebody to operate that it is somebody who is able to operate it efficiently and cost effectively.

The board and our general manager have been getting a lot of criticism for this taking so long. Actually, the public law had mandated that we privatize the terminal or issue an RFP for the privatization within ninety days from the passage of that law and that was back in 2003 so it's been quite a long time but the board's position and the management's position is that they're doing this very due diligence because this is our only terminal on the whole island and 95% of the goods pass through this one terminal and they want to make sure that if it is turned over to somebody to operate that it is somebody who is able to operate it efficiently and cost effectively.

Mike Henderson
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