So I think those things can change. I don’t think that between our Q3 and our Q4, I did not see a significant change in anything in the overall environment as it relates to margin. And then obviously, we’ve spent a good deal of time talking about the end of Q4 at June, July and August. And so you know what I think about that period. So — but I — there’s a lot of things that can go in, and we can get some noise as it relates to just quarter-over-quarter on the DTC side.
Operator: Okay. We have no further questions in queue at this time. This concludes our question-and-answer session. I’d now like to turn the call back over to Mr. Roberts for his closing remarks.
Greg Roberts: Thanks, John. Once again, just to thank you to all of our shareholders. We appreciate your support. Thank you for joining the call today and anybody that follows up and listens to the call later. Thank you for taking the time to hear about A-Mark and learn about A-Mark. I’d also like to thank our employees around the world for their dedication and commitment to A-Mark’s success. Looking forward to talking to you again in a couple of months for an update on our Q1. Thank you very much.
Operator: We conclude today’s call. I would like to provide A-Mark’s Safe Harbor statement that includes important cautions regarding forward-looking statements made during this call. During today’s call, there were forward-looking statements made regarding future events, statements that relate A-Mark’s future plans, objectives, expectations, performance, events and the like are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and the Securities Exchange Act of 1934. These include statements regarding expectations with respect to the dividend declarations, the amount or timing of any future dividends, future macroeconomic conditions and demand for precious metals products and the Company’s ability to effectively respond to changing economic conditions.
Future events, risks and uncertainties, individually or in the aggregate, could cause actual results to differ materially from those expressed or implied in these statements. Factors that could cause actual results to differ include the following: the failure to execute the Company’s growth strategy, including the inability to identify suitable or available acquisition or investment opportunities; greater-than-anticipated costs incurred to execute the strategy; changes in the current international political climate, which has favorably contributed to demand and volatility in the precious metals markets; potential adverse effects of the current problems in the national and global supply chains; increased competition for the Company’s higher-margin services, which could depress pricing; the failure of the Company’s business model to respond to changes in the market environment as anticipated; changes in consumer demand and preferences for precious metal products generally potential negative effects that inflationary pressure may have on our business; the inability of the Company to expand capacity at SilverTowne Mint; the failure of our investee companies to maintain or address the preferences of their customer bases; general risks of doing business in the commodity markets; and the strategic business, economic, financial, political and governmental risks and other risk factors described in the Company’s public filings with the Securities and Exchange Commission.
The Company undertakes no obligation to publicly update or revise any forward-looking statements. Listeners are cautioned not to place undue reliance on these forward-looking statements. Finally, I would like to remind everyone that a recording of today’s call will be available for replay via link in the Investors section of the Company’s website. Thank you for joining us today for A-Mark’s earnings call. You may now disconnect.
