Dan O’Brien: Yes. I think we’ve got five at an advanced level, right now. And they’re in the Food category, which means that they’re not going to be immediate sales. They will take several quarters as we go through, proof and then an approval process by distribution and follow — that will be followed by a medium-sized, first order and then upward motion from there. So this is — these are things that are still going to start to come true in the second half of the year and accelerate through the future. One of the things, that I’m going to try and get across every time people ask questions today is that, we’re really positioning ourselves this year for our next growth cycle of several years. We’re doing it — nobody has asked the question, yet, I’m sure it’s coming about our wages and administer of salaries and so forth.
We’ve got additional capacity in our plants, and additional capacity amongst our human resources that we haven’t had in the past. It’s costing us more money today, but it’s going to allow us to earn more money in the future.
William Gregozeski: Okay. And then, last question I had was the — you guys put more money into Trio. Is that — should we look at that more as just the parking stock for cash, or is there nothing — no equipment or anything, you can spend that money on right now for that future growth?
Dan O’Brien: Yes. No, I think you should look at it as long-term parking, not short-term parking, because it is paying 8% guaranteed and as much as 11.5% every year, because there’s a bonus interest payment every three years. It’s also highly tax-advantaged income. And I think — I’m a little bit odd, but I do a little bit of pocket-to-pocket accounting. The income from our Trio investment is virtually equal to the cost of our executive, who operates our Cayman subsidiary. And so, I think you should think of it as long-term parking that guarantees we’re going to have will have covered our executive costs in the islands. So, interesting question. And then definitely, I’ll let you know the Board has looked at this and $1 million or just under $1 million that’s enough to have into a single investment. We won’t be buying any more Trio. If we need another parking spot, we’ll be looking at different buildings.
William Gregozeski: Okay. All right. Thanks Dan.
Dan O’Brien: Thanks, Bill.
Operator: Next, we’ll hear from Tim Clarkson with Van Clemens.
Tim Clarkson: Hey, Dan and another nice quarter. Obviously, there’s fluctuations with sales and earnings. In terms of the big picture, do you see a change in perception of — in agriculture with more emphasis on products like yours that are green that are helping the environment? I mean is it — is there a shift towards people acknowledging that these products not only help grow more crops but also, are healthier for the land and so on?
Dan O’Brien: I would have to say that that’s a — an individual farmer-by-farmer lifestyle choice. It will probably have a lot to do with the age of the farmer and how much of the 1980s, he had to endure or she. But I would say that younger farmers that are taking over from their parents are definitely far more interested in stewarding their land, and having it there for their children and grandchildren. It’s amazing what a decade or a decade and a half of decent corn and soybean prices will do for people’s thoughts about the future. Other guys are just worried about next year.
