Clearly in that kind of scenario, what I would expect to see out of the companies coming to market is that we will stay heavily involved in the business. We may look to place some stock on flotation but the balance will typically be held over a two to three year period, and flotation is certainly the start in the next phase of the company's growth, so just because they have a quotation doesn't mean that there isn't still a role for us to play. That role tends to become more strategic, as each company acquires more resources in-house, but it's still important that they are guided through, and there are plenty of examples of flotation being a damaging event in a company's growth if management are distracted. So while originally I served as Chairman of the company, I'm pleased to say that I've stepped down from that role in favour of a chap called John Parcell. Again, we've got some institutions in on the last round, and what we see is that as Investhink moves to close its first significant sales, which we would expect to happen in the next 12-month period, that will set the platform for looking to move the company onto a public market.
Procession is a new investment announced recently.
They have had a much more experienced management team from day one and indeed quite a well-established business. The company is several years old, but recently they've hired a new Chief Executive and Chairman who've both had experience of taking companies public in the States. Our funding will be used to assist again in rolling out the sales effort. Procession sells business process management software for the emerging eProcess market. They were introduced to us through a financial advisor who will act for them on a flotation.