smaller firm. something like this could be done. I mean for one thing to bonus the stock to somebody rather than pay the money for them to pay it back to you. That's something that could fit any size firm. Yeah, we don't have our firm valued. We buy Zweig's annual valuation report and use the updated ratios. So actually we date Our stock redemptions and our stock bonuses. We date on January 1, but it takes until March to get this all figured out and really do the transaction. Because Zweig takes until early to mid-March to get all of the data figured out. And I think it would take that time. I'm not criticizing Zweig at all. But we're waiting for the 2024 valuation to come out. That is the 2024 ratio. And by then, we have long figured out what our. Our numbers were as of December 31st of the prior year. The revenues, profit, book value, and headcount. Yeah. Yes. Randy Wilburn: Have you ever had a case where you've got a competitor that would really provide value to your company?
John R. McAdams: Yeah.
Randy Wilburn: You have to break their golden handcuffs to get them across to you. So I think there was a slide saying usually they've got to be in the company for three or four years or something like that.
John R. McAdams: Yeah.
Randy Wilburn: Have you ever had the example where you've said, yep, you can come in as a shareholder? John R. McAdams: Yes. Glad that you brought that up. we do grow by acquisition. Not much. Most of it is organic. But we, so far have done one acquisition. It was in Dallas, Fort Worth. We're in Raleigh, North Carolina, but in Dallas, Fort Worth because that's an excellent market for what we do. And so, in 2018, we got them to join us. we bought the firm from the one sole owner, but then four other people. The owners number two, as he called him, and three other people that were heads of three departments. Planning, landscape architecture, and surveying. even though we were buying the firm from this owner, who was soon to depart, three years later, departed, we also gave some of our stock to those people. Those folks then had something they never had before. They had ownership in the firm that employs them. They had never had that before. And we felt like that was important. They are, after all, 1200 miles away from us. We're paying this guy. He's leaving. We don't want these people to leave. So, yes, ownership stock is a, hugely important tool, in growth by acquisition. It is. Since that time, we have kissed so many frogs, and we have not acquired anybody else, but we're still looking and still trying, and we will use stock in it. Yeah, there was another question. Maybe. I'm happy to stay and talk. It is 4:30, so. Okay. Yeah, Great. Thank you.
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