Just to clear the air on merger(s), yes that's with an (s).

Ed has been calling the JV plus 49% equity stake business plan a "virtual merger." Do you see a value to scope enforcement with a merger that doesn't require an SLI? Or from their perspective, do you see the value in a merger without the messy integration of labor that would limit your cost advantages around the globe?

Again, the game is called Chess. Not sure what we're playin' but it ain't that.