TB, I think you're right about directorial license. But I still don't think that Michael had to reveal his intentions at the meeting. If Geary's intention was to squeeze Michael, then what happens if noon tomorrow comes and goes and Michael has not answered? Potentially, that's $250K down the drain plus the 5% from the existing hotels. Was Geary prepared to just give up all of that revenue? Of course, anything could happen over the next 24 hours, so why tell Geary anything until he had to?