I think you misinterpret what I'm saying as blaming shareholders for not listening. I'm not trying to tell shareholders that I agreed with Jordan and that I blame them for messing up. I'm simply saying that Jordan is probably upset that we didn't do what he wanted, which is why he's been missing the last couple days. Sorry if I made it sound that way. I didn't intend that.
I've had some time to reflect and believe that doing what he asked us to do by putting the remaining funds on at a 1% spread would not have solved the problem. I think Jordan is right that park rates can't be effective without a tight peg, but they also can't be effective if the reserve is as low as ours was, because people lose confidence that they will get their money back, so they don't take the risk of parking. So I agree with Jordan about a tight spread being necessary for parking to work at all, but disagree that parking would have made a difference in this situation, even with a 1% spread in place. The system can't work with such low reserves. People need to have some amount of confidence for parking to work.