Christian Fong: Yes, absolutely. We have four different tranches of senior debt, each of them €“ a good amount of scale for the bank loans that all four of them were. But to your point, now that we are getting into that $400 million to $500 million range, you certainly start getting large enough to support a different part of the capital markets. And we continue to actively talk to the folks that would provide things like structured finance or some folks may be aware, and it’s certainly public because of the ratings that at one point, we had looked at even doing a term loan B and had rated debt, though didn’t finish the swing and actually issuing that debt. But we’ve actively and transparently been approaching the capital markets because of that scale. And we think that could be a potential opportunity, though, again, the market turbulence right now makes it hard to lock anything in.
Joseph Osha: Right. And we’ll see how Mosaic goes. Two more questions from me and then I’ll jump off. The first, you’re disclosing a gross contracted and renewal customer value, which is great. I guess I’m just wondering why you don’t go the next step and do that simple math. And disclose a net number because it’s not bad, it’s 741, less 470 plus 220, right, which getting you kind of the 500 range. So why not disclose that, right, especially seeing those debt number is roughly five times your current market cap.
Donald Klein: Yes. This is Don. I think that’s a good question. It’s something that we’re definitely working through the evolution from XL to Spruce with the KPIs, and that’s probably one at the top of the list and better defining, refining how we’re presenting that. But obviously that information is available as you noted.
Joseph Osha: Right. Okay. And then the last one before I go away, just looking at the operating expense, if you take that 28 million about 12 of it looks like it was kind of one time stuff associated with restructuring or SEC and this net that, right? So if we assume, can we think about this business of having of the SG&A at kind of a $16 million run rate? Is that a reasonable assumption and is that sustainable? Can you scale the organization on that run rate? Thank you.
Donald Klein: Yes, I think that number is directionally reasonable. But we’ve definitely had discussions of continuing to drive costs down and fourth quarters we, I said in the script and it’s in there that we pulled out certain numbers for restructuring. But there’s inherently redundancies and transition costs in there. So I think some of those will fall off. And we alluded to in Q1, that’s going to be a better picture. But there’ll still be a little bit of noise in there and we’ll try to get that clear when we announce the Q1 earnings, but it’s directionally, that’s correct.
Joseph Osha: Okay. Thank you. I’ll jump back in queue here and let someone else talk. Thanks very much.
Operator: Your next question comes from the line of Jordan Levy with Truist. Your line is now open.
Jordan Levy: Good afternoon, all. And thanks for taking my questions. And also congratulations on the acquisition announcement. Clearly based on your announcement, there’s deals to be had in the market. I am recognizing some of the volatility we’re seeing right now. Christian, maybe for you, I just wanted to get your thoughts around the current landscape and the pipeline for other deals and any recent shifts you’ve seen in sort of the broader picture there?