not necessarily.

I don't expect the move to Ferri was like buying eggs milk and bread -- it would have taken time to develop the choice.

as far as transition, I think they'll keep Chris (himself, not as part of TR) on in an advisory capacity at least through the end of the year. bury it in a Q4 "consulting expenses" line item.

so there's no worry about the new guy having to come up to speed during a busy period ... he'll have had a good coach.

in other news, I'm not fully convinced the $5MM variance is the USD<-->CAD exchange rate.

consider: the conference call was scripted (not live), and while I could be wrong, I think they crafted each word very carefully.

on a boundary exactly between Q3 and Q4, they didn't say 'we [end Q3 with] $15.5' they chose to say 'tomorrow we [start Q4 with] $20.5".

in other words ...

GLAL,

R.