Thank you for the recognition it takes the sting out of my "demotion" from president to treasurer. :)

I found this upon rereading. Are we a medium sized business or "other"?

• Each firm will offer to purchase ARS at par from individuals, charities, and small or medium businesses that purchased those ARS from the firm, even if those customers moved their accounts.
• Each firm will use its best efforts to provide liquidity solutions for institutional and other customers and will not take advantage of liquidity solutions for its own inventory before making those solutions available to these customers.
• Each firm will pay eligible customers who sold their ARS below par the difference between par and the sale price of the ARS.

I agree with RJ. I believe we need some clarification from PTSC.