Nield: That's all right.

Rees: And we believe that among the reasons was that, it has to have a full ratio which is measured by the -- dividing 50, I'm not saying I don't deserve my penalty, the question of estoppel, does reflect that the -- what the Fifth Circuit is doing with this exemption and how broadly it is construing it and how erroneously we think.

· botfriend-leonardr · 0 · 0 · 0
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