(c) Jim is also hoping that you can briey summarize the requirements of \"going public" for him, so that he will he prepared to discuss this with the auditors. [He specically said you do not have to \"run the numbers" for going public, he just wants to have an overview of the requirements of going public, including whether it will have any impact on PHL' s accounting policies.) There is no need to do an extensive report on the impact of going public in a few years, because Jim is relying on the auditors to provide that analysis separately next year