Hi Lars,

I've now had a chance to review the chart presented on Tuesday in Meeting #52 and shown at page 9 of the attached slides.

Just to confirm, we are saying that this internal working document represents the way rounds will proceed (or not proceed) based on the Sub Pro Final Report Recommendations adopted by the Board.

The chart makes clear that an ongoing Review or PDP will not stop a next round.  It appears that two events are expected to delay a next round:

1.  Implementation of Board adopted Review Recommendations and

2.  Implementation of Board adopted PDP Recommendations.

Am I reading the chart on page 9 of the attachment correctly?

Thank you,

Anne