Aaron Warwick: Okay. So looking at December time frame for that? And is that where you have you had mentioned the super model before, I think, on the last call. And is that for a specific brand? Or is that as part of the social commerce platform or both?
Robert D’Loren: It’s both. It’s both. We would expect all of our brands to be participating on the social commerce platform. And then, of course, many third-party brands as well. And we hope to be able to make the announcement before the Christmas holiday was about who that supermodel is. Of course, the planned launch is in March of ’24, and HSN doesn’t want to get too far out ahead of the launch.
Aaron Warwick: The launch of what is in March 2024?
Robert D’Loren: The launch of our super model.
Aaron Warwick: Final thing for me, I guess, is that you do have that $5 million available now. You’re talking a lot of good things happening, expected to happen in the fourth quarter and beyond and even profitability next year. Has there been any thought given especially at the current levels to potentially stock buyback or anything like that?
Robert D’Loren: So the answer to that is yes. It is something that we’re looking at carefully. And I think we need to get a read on the launch of the live stream platform, and that will, to some extent, will guide us in when and the size of some type of stock buyback program if we decide to do that.
Aaron Warwick: I guess one more that came to mind here, if you don’t mind. There was seemed to be quite a bit of heavy selling way beyond what is normal. Is there any idea what was going on for about a month or so?
Robert D’Loren: Yes. We when we acquired Halston from HOCO and their partner, there was an indemnity bucket that was formed. The collateral in that indemnity bucket was shares of Xcel that were held by HOCO, and they settle their litigation and shares were sold to realize on the indemnity bucket, and that’s what it was. So there was a lot of pressure on the stock while that selling was happening.
Operator: [Operator Instructions] Next question comes from the line of Walter Schenker of MAZ Partners.
Walter Schenker : Actually, my main question was just asked by Aaron, which is given an asset-light model and expectation of profitability I – second – not second half would have asked the same question about a buyback. But as a holder, I think that’s a very good use given the discount to asset value, but my question was asked and answer so thank you anyway. Happy holidays.
Operator: There are no further questions at this time. I will now turn the call over to Bob D’Loren for some closing remarks.
Robert D’Loren : Thank you, operator. Ladies and gentlemen, Thank you all for your time this evening. We greatly appreciate your continued interest and support in Xcel Brands. And as always, stay fit, eat well and be healthy.
Operator: This concludes today’s conference call. You may now disconnect.
