Again you don’t know if that it’s the regulations stopping it or not because the existence of regulation may well dissuade them from filing in the first place. If they never filed them you’re not counting them yeah? To be clear I’m not saying you’re wrong, I’m saying that we have insufficient data to say conclusively.

All we know is there is clear pressure in industry to consolidate, that at some point they stop, and that regulations to preclude further consolidation exist.