We ran out of money. We were not aware the financial situation was as bad as it was.

We were spending more than we were taking in. The executive committee realized we had to take drastic measures to make sure we survived.

It looks like we will be able to survive. What we need to do is restructure.

People are getting tired of going out to expensive restaurants and spending lots of money for seven pea pods and a two-inch steak.

For some of these guys, it's like another bill every month. And they work hard for their money. They work hard so they can fish these tournaments.

They didn't say no, they said maybe, ... Before we expend money we needed some indication that we weren't barking up the wrong tree. They were very friendly and receptive, and their concerns were well-stated.