Pam does Michael's sign photo outside the building that houses the Nashua branch. Inside the office, the happy receptionist -- who is expecting them -- tells Michael that Holly's out of the office on an HR retreat. But if he really needs to reach her, he can talk to A.J., one of their salesmen. Who just happens to be Holly's boyfriend. Wow, way to be inappropriate, Nashua receptionist. This is not the kind of closure Michael was looking for.
Pam comes out of the building to find a devastated Michael sitting on the curb. I don't know how he does it, but Steve Carell finds a different way to cry every time. He says he can't give the presentation. Pam tries to draw a parallel to how she felt when Jim was dating Karen, but Michael's not seeing it. "I'm kinda going through something here," he whines impatiently. She rallies and tries to say that when Holly comes back, everyone will tell her what a good job he did on the presentation. Michael follows the scenario to its logical conclusion: "And then she'll come back to Scranton and her boyfriend will die." Pam tells him to take it one step at a time.