Arty Straehla: Yeah. Let me add to that about what we’re seeing with PREPA, which is to us very encouraging. The cadence, and we talked about the payments received, the $50.6 million that we received this past week, the cadence is picking up significantly. PREPA owes us — has another $20 million of FEMA funded monies that they’ve been holding since December, and we are pushing hard to receive those and pursuing those. Next Monday, the PREPA confirmation hearing for their plan of adjustment starts with a two-week trial. And we’ve always said that we had to go through — you have to go through the bondholders first, and this is what the plan of confirmation, but after you get through the plan of confirmation and the plan of adjustment, and once it’s confirmed, PREPA has to deal with us on the remaining part, but we continue to pursue the FEMA approved parts pretty aggressively.
And then as we talked about, there’s a status report due to the judge on March 27th, and the litigation had been stayed until April 5th. So we feel pretty good about the cadence, the way that it’s moving. We expect to have additional capital coming in, and we continue to pursue very hard the monies that they owe us.
Michael Mathison: Just comparing those figures to where you stood previously, it looks like as money’s coming in, it’s being applied to the services, and interest is just continuing to grow. Is that fair?
Mark Layton: Yeah. That’s correct. The payments we’ve received in both 2023 as well as 2024 have been relative to services performed under the second contract with PREPA, which leads us to about $140 million for services due today, largely comprised of just over $60 million related to the tax gross-up provision under the first contract that we understand that PREPA has not yet submitted to FEMA for review, as well as approximately $74 million that, as you probably recall, is going through an appeal process at FEMA. That appeal was filed about a year ago, so based on feedback we’ve received from other parties, we would expect to hear in the near-term the resolution of that appeal.
Michael Mathison: Great. Well, thank you for all the detail, and good luck with being paid there. Thanks again.
Arty Straehla: Thank you.
Operator: Thank you. This concludes our question-and-answer session. I would now like to turn the floor back over to management for closing comments.
End of Q&A:
Arty Straehla: Thank you again for joining us on the call today. We continue to position Mammoth for improved growth and success, and it is all made possible by our talented and skilled team members. This concludes our conference call, and we look forward to speaking to you again after the next quarter. Thank you.
Operator: Ladies and gentlemen, thank you for your participation. This does conclude today’s teleconference. You may disconnect your lines, and have a wonderful day.
