. >> commissioner [inaudible] >> i wanted to clar fieify, we heard from a couple tenant that somebody from the owner team i guess-- >> i couldn't speak for that. >> commissioner mar. >> cheer inspector you may have answered this but want to be very clear on it, the contractor mentioned before he worked with planning to get a larger permit, so what you are saying is that a lot of the nov's could have been addressed by other permits, they could have done the work on the ceiling and plumbing violations and electrical violations, they could have done that and left the variance and the reissuing of inback permit. leave that with planning and moved ahead and done some of the other things? >> no what i'm saying is that the notice of violation before you today has nothing to do with those items, those are in separate notices and have orders of abatement and a permit is necessary to [inaudible] and some of the items before you, most of these items having to do with flooring and strapping, having to do with mold and mildew and rodent infestation. making those repairs, most of that didn't requir

it's grat fieifying to see everybody doing well. >> you made another billion dollar acquisition.ing and so many other companies, con gram zblsh conglomerates are getting small. how yoare you making the case that this is the right strategy. >> we have a good record of increasing revenue and margins by cross selling across our platform. we can help expand brands faster and less expensive than they can do on their own and our track record demonstrating our ability to do so. >> jim, can you give us color on the nature of those negotiations when you have people agonizing over their products and you stand there as a buyer? is there many of you in these discussions? is it exactly the opposite? how does it typically stack up? >> the nice thing is we don't need to do deals to make our numbers. we're patient and we're willing to hang by the hoop. we historically do not participate in auctions because things frothy. if you look at the yankee candle acquisition, it was p/e firm to p/e firm. the prices were up but then the prices came down. we sat around the hoop and when the opportunity avai

. >> commissioner [inaudible] >> i wanted to clar fieify, we heard from a couple tenant that somebodym the owner team i guess-- >> i couldn't speak for that. >> commissioner mar. >> cheer inspector you may have answered this but want to be very clear on it, the contractor mentioned before he worked with planning to get a larger permit, so what you are saying is that a lot of the nov's could have been addressed by other permits, they could have done the work on the ceiling and plumbing violations and electrical violations, they could have done that and left the variance and the reissuing of inback permit. leave that with planning and moved ahead and done some of the other things? >> no what i'm saying is that the notice of violation before you today has nothing to do with those items, those are in separate notices and have orders of abatement and a permit is necessary to [inaudible] and some of the items before you, most of these items having to do with flooring and strapping, having to do with mold and mildew and rodent infestation. making those repairs, most of that didn't require th