1. What do you think about the Cumberland opportunity? As a private equity financier, would you invest in it – why or why not? 2. If you would invest: under what valuation, and under which terms would you do so? 3. Now shift gears, and adopt the Cumberland perspective: What valuation and terms would you seek? 4. To whom should Tom Smith turns for funds? Delvie? Canadian Capital Partners? Others (explain)?