It doesn't make sense from a long-term management strategy to allow something to go closer to the beach than what we've been doing.

In general, things in Beaufort County look very good. That's not to say there aren't erosion problems there, but most of those will be addressed this spring and fall.

I think we probably finished 2005 in slightly better shape than we were in 2004, but not much.

NOAA is very interested in taking an ecosystem approach to addressing marine and coastal management issues, and we know that partnering with community-based organizations will be key to our success.

We think it is a great plan and we're very supportive of the company and management and look forward to the execution of their program.

Shareholders don't like poison pills, because they help entrench management and allow management to reject lucrative acquisition offers.