Brian Dobson: Yeah, thanks. And final question, and I know I’ve asked a lot here. As you’re taking those steps to make the company more customer-focused rather than R&D focused, I guess what do you see as the most important factors for your team to focus on?
John Gibson: Actually, the contractual requirements we have is probably number one. The alignment of our culture to be customer-centric as opposed to technology-centric, we’ve got some work to do there. It’s a big cultural transformation here. Another one is just cost — being cost conscious. I think we probably haven’t had a call on this or written a paper, but we have brought in number of employees down from over 100 to less than 50. We’ve reduced our G&A cost by more than 50%. We’re incredibly focused on being good stewards of the money that we have and returning value to our shareholders and to our lenders and creating tremendous value for our customers. So I mean, we really intend to be great stewards and to turn this into an investment of note. And so that’s where the focus is today.
Brian Dobson: Thanks very much.
John Gibson: Thanks very much, Brian. Is there another question?
Operator: We’ll take our next question from [David Marin with David Trading] (ph). Your line is open.
Unidentified Analyst: Hi, good morning. How many Aquanauts do you currently have as of today and how many do you see yourself making in the near future?
John Gibson: Excellent question. We currently have one that is completely assembled in the water and being tested and that’s vehicle number two. A little confusing, but vehicle number two is here in our shop and is being assembled. And we have all of the pieces and the parts We’re just putting in the batteries and the sensors and completing the vehicle and making the modifications that are necessary as a result of the testing of vehicle two to ensure that it will be quicker to certify. We’re trying to take the cost and the time to certify down from the learning and experience we gained with vehicle two. Vehicle three is still in [indiscernible] boxes and pieces and we will begin assembly of that in probably sometime in Q1 of 2025 unless we see a tremendous pickup in business and contracts here as we move forward with vehicle two.
We do not have any plans on building a vehicle four, five, or six at this point in time. We really need to see commercial success with the three vehicles we have to really provide some cash flow and some confidence that those vehicles are going to be hugely successful in the market in the near term. So vehicle two in the water, one in the shop, three in a box, and no four, five, or six on the drawing board at this time.
Unidentified Analyst: All right. Thank you. One more question. Everyone sees this company. Everyone sees the intellectual property, the technology, you guys were saying investors were amazed by this. I’m just wondering, I am too, but I’m just wondering why don’t we see any insider buying? You see the filings and on the contrary, sometimes you see insiders maybe selling some shares. I mean, at a $10 million valuation, the stock’s $0.20, $0.30. Just as a very least to instill confidence in the shareholder, why isn’t there anyone buying it?
John Gibson: It’s an excellent question. I would actually maybe put it a little differently. If you take a look at my compensation, I’ve taken a huge portion of it in shares. And that’s because I think that’s the greatest opportunity for me to earn what I’m accustomed to. And so I’m putting the risk of a return here for myself and on my own compensation in shares and have reduced what I would normally consider my base salary. I think other executives are doing the same here including our CFO or General Counsel. This is a share based management team where we think the future is in the shares and not in our base salaries. And so while I’m not buying, I am definitely putting the weight of the arrow on stock. Now, why others aren’t buying, I think there’s some opportunity but the window’s been closed for quite a long time as a result of the potential merger with 3D at Depth and other material non-public information.
