Stamatis Tsantanis: Well, we are still fully committed in providing very general shareholder returns. As I explained to Tate before, we wanted to preserve liquidity. We saw the market going down to $2,000 a day. As you understand, I mean, a couple of weeks ago, the market was literally at $2,000 a day. And we wanted to maintain as much cash as possible, not to have any liquidity concerns. But if there’s the right opportunity or if there’s anything in the horizon, we might need to move. The question is that we’re fully committed in providing shareholder returns, and we will get back to certain levels that we feel will be more than adequate in the near future. We just wanted the market sentiment to get back to some positive levels. When — again, the market is at $2,000 a day that made us a little bit nervous in paying out a whole dividend amount. So we just wanted to be cautious about it.
J Mintzmyer: Right. Yeah, those rates were very steady in February. Of course, right now, they’re looking a lot better. I know you have higher cash breakeven levels, but you must be pretty close to turning cash flow positive. You mentioned your liquidity is about $25 million to $30 million. Is there sort of a reasonable minimum that you would like to maintain? I’m just curious because you have such a great opportunity to repurchase shares, you can buy back those convertibles I’m just wondering what kind of buffer you have at this moment?
Stavros Gyftakis: Well, we’re generally very comfortable if we can maintain, let’s say, at a minimum of 1.5 million per ship. I mean this is what we have in mind to be absolutely. But again, this is not a static approach, if we see the market and the outlook being very positive and we’re able to secure cash flow by converting floating to fixed, as we have already started doing already, then we will be even more in our payout, we’ll be more generation or payout. If the market outlook, I mean, for example, we come to a point where we see Q1 next year pricing at $3,000 or $5,000 a day, we might be a little bit more cautious. But overall, we feel that market is now turning into a more sustainable level, and we will be able to again start maximizing our shareholder returns to the extent possible.
Also, as a final point I want to make is that my strong commitment in the company will be fully, fully applied in the near future by me making purchases in the open market. So I’m fully committed in what I’ve said, and I will continue doing so, as I have done all the way up and down and most of it down to be honest.
J Mintzmyer: Yes. Looking forward to the stronger rates and strong returns. Final question. Thank you so much for your time this morning. You talked about the related party fees with managing the United Maritime’s fleet. You mentioned there’s some sales and purchase stuff in there as well. United Maritime had a massive gain on sale with some of the tankers there. Is there going to be any proceeds from that going to Seanergy, or are those only on the new vessels?
Stamatis Tsantanis : Well, no. I mean, United proceeds are United proceeds. So there’s no profit selling in whatever we do. However, the company is making 1% on the sales proceeds and when you make such a big profit from the sales of United ships, then that is reflected on the commission that Seanergy is making on the sale of the vessels. So that’s as far as it goes. But other than that, there’s no other profit saving agreement. The two companies are separate, and the shareholders in both cases have been very generously rewarded for 2022.
J Mintzmyer: Excellent. And I’m looking forward to more details in the filings. Thank you both for your time today.
