 As I'd love to welcome everybody back to the Independent Investor Channel, the Q2 earnings were reported just this week and this will be my reaction to those numbers as they come out. I just want to premise each and every one of you guys. This is an opinion-based channel. I try to be as productive as I can with my dialogue and sometimes that means providing a little bit of constructive criticism to what we heard, providing kudos and and and accolades for some of the numbers that we heard and I think there was a lot that were that were provided but through the course of this video I hope to draw a distinction between where I think this company needs a lot of work yep and where I think they're just killing it and where I think some of the external factors that have come to fruition just as of late here and probably will be signed into law this week probably will provide what I've always intended to be an unforeseen catalyst for this company and I think it's going to take a lot more of those. I think it's going to take momentum. I think it's going to take an overwhelming interest in their product. I think it's going to take an extreme amount of performance from their product and I think there was so much that was released during this quarterly call that it took me a few days to go through, read the transcript, read the Q&A after, evaluate the Q&A of the conference call which I thought was the most robust of any that I've heard so far in any of the subsequent quarters. I thought Thomas Healy did an absolutely fantastic job with Sherry Baker on this delivery of the Q2 results. With that said I cannot provide a headline that highlights $180,000 in top-end revenue as being somewhat special. It's okay. I think at this point it's really not important. It's really not important and if you expect somehow that next quarter or the quarter after to somehow be some just blowout to $3 million quarter it ain't going to happen. They reaffirmed the 2 to 3 mil and I believe they'll do that. They were asked on the Q&A whether or not they thought that they would fall on the low end of the range or the high end of the range that Sherry Baker suggested that they just don't know. However many trucks are available and how much sales they're able to actually render will absolutely put them in that range based on what they know now to be material and that's just that's the best that they can do. But to reaffirm the 2 to 3 million probably puts a cap on 2022 as a transition here and this is just how stock market investing goes. This is how a company is built over time. Time really doesn't have anything to do with your stock holding. In other words if this thing let's just presume that it's going to materialize into the future and you knew that it was going to materialize, you knew it. You're 100% convinced but that materialization wasn't going to happen until five years minimum. Would you have what it takes to hold the stock from now until then if you knew 100% if it was going to materialize? Of course you would. Of course you would. But I think what we've deliberated on with this company over the last couple of years is the unknowns and I think those unknowns have somewhat dissolved away in some capacities. We've been introduced with new unknowns I think and I think that was evident by the Q&A. What's the MSRP of the rigs going to be Thomas? We're not comfortable with providing that. I'll provide a little color in this video on that front. My question is what incentive does Peter Bilt have once we step into mass scale up to continue to assist Hylian in this journey to become profitable? What's in it for Peter Bilt? What do they get out of the deal? Do they get an incentive for taking the time to provide the HyperTruck ERX build slots along their OEM line for the benefit of Hylian? There has to be some symbiotic agreement there to where both companies agree. And finally where they are in the development of their hydrogen fuel cell, HyperTruck ERX, that will be of interest to me and whether or not they are remaining along their timeline all of this and much, much more have developed this week. So this week was a jam-packed week full of action and I'm going to hope to highlight as much of that action as I possibly can on this weekly Hylian video highlighted this week not only by the earnings but the finalization and the house passing the Inflation Reduction Act which provides for those tax incentives and credits back to the actual purchases of these products and the HyperTruck ERX will qualify for those credits. Exciting times guys. This is the column before the storm and the reason why I suggest that five-year scenario of waiting is I believe it's inevitable and I'm willing to wait no matter how much time it's going to take to reach that end in a game that doesn't really acknowledge how much time things take. It's just not important at all at this time frame. They're executing along their timeline and we're going to talk about some of that and many, many more as we jump into the actual Q2 highlights put forward by Hylian and we're going to actually highlight that document here as we jump into it and we talk about what was able to materialize over Q2 2022. Guys please enjoy. So I want to welcome everybody into the Hylian second quarter 2022 conference call here. This was showcased on the Q&A. If you've missed any piece of the language that was released within the last week and you want to know more about Hylian I encourage you to visit Hylian.com. All of their information is available there so you don't have to come to the independent investor channel to see my commentary on it. However, it does lend itself valuable in striking up different opinions about the reaction on the call and just on the onset I'll give you guys my two cents. I was neutral on the call. I wasn't bullish or bearish. There was a few good things. There was a few very good things and there was a few bad things and I'm going to share them all with you. I'm going to give you my perspective on it. Try to be as midline with the intent of this message is to provide unbiased commentary on a company that I think has a wonderful future here and the verdict is still out. Make no mistake about it. Thomas Healy is doing his job as the CEO to provide a very, very elegant breakdown of the progress being made in the quarter and it's amazing to me how much better he gets at that delivery every single corner. I was very, very pleased with his remarks and equally as pleased with Sherry Baker as well as a seasoned veteran as the CFO talking about the progress that's being made. Some of the new initiatives that the company is looking to roll out. I think they got better at it and rightfully so. I thought the Q&A at the end of the call was actually the best that I've heard. I thought there were pieces of information that were questioned that I don't think we would have got two years ago. I think the analysts that were on the call, I think they took the most questions this time and I thought they were very, very appropriate as we look to scale through on this opportunity with Healy on. This was probably their last earnings call coming into what I feel like is going to be a very, very transformative session. I was hoping for the best here with the earnings, full well-knowing that it really didn't matter what top-end revenue they were able to turn out this time knowing that there's going to have to be a shift in this company going from small potatoes into something special. There's going to have to be a catalyst and I think we got wind of a few of those over the last couple of quarters. I think the payoff is going to be down the line when some of these federal government mandates and state mandates really come down the pike and they collectively come together to benefit Healy on down the line. Here's the 2022 highlights. Here's the recap, Advanced Clean Transportation Expo Recap. This is just for informational and collaborating with industry partners. I thought that this was fantastic. One of the huge announcements from this quarter, which is interesting enough, I thought the stock should have popped a couple of dollars at least on this news. Hylian and Cummins announced collaboration and there was a question that alluded to this potential for Cummins just coming in and taking over and it was kind of danced around. I didn't hear Thomas Healy say, no, we are not a takeover target, but the stars are aligned and to be honest with you, I would be surprised if that did happen. However, I think Cummins as bull as I am on Hylian, if Cummins is seeing the exact same thing that we are all seeing as shareholders, it is certainly a looming possibility of Hylian cannot get off the ground level and be considered anything other than just a penny stock, which my friends, it is at this point. It really does speak to the glaring reality that this company has got to be able to turn out revenue, it's got to be able to project revenue, it's got to be able to beat revenue if it's going to materialize in anything in way of what we want it to be considered and that is a growth story. They can build all the trucks they want, but if they can't make revenue, the company is not going to go anywhere and neither is the stock and that's just the damnable misery of it. A big player like Cummins to step in and actually swoop this company up to suggest that it's not on the table at all is probably not identifying with all of the options that are out there, but I don't think it's going to happen, but it is something that I'm watching closely as Hylian and Cummins that was really suggested that look, a year ago, they were competitors with the 15-liter engine and now all of a sudden they're in bed together with the collaboration helping to get the certification. Their very engine is the one that's under the hood, so go figure, you can take that for what you will. I hope it does not. I hope Hylian is able to do this on its own. It's really going to set a poor precedence in the SPAC market for years and years to come. Really just suggesting that there's no way in hell that a SPAC can come into public markets and actually look to survive with the headwinds. Even as good as an idea as Hylian is, I think the process by nature of which they came to public markets will be snuffed out going forward and there's no way that Hylian, companies like Hylian or others will be able to use public markets as their proven ground with adequate funding to execute along their business plan. So 190 hyper truck ERX orders for production slots through Q22 with additional 10. This was revised actually during the call, so I thought that this last 10 orders probably came through at or around the time that the earnings reports were finalized, so they basically just amended that report to push them up to about 200 right now. So good news, yes, slow and marked progress toward an end of scaling up the back orders for hyper truck ERX. I'm not overjoyed by this. There's a lot more questions than I have answers on this, and agility is one of them. Are they going to be stepping to the plate here and realizing that thousand truck order? I think that was a real black eye as far as I'm concerned to use that information for hype on the onset, and now we've heard nothing from agility since then. I think it's a real black eye for the company. If they're so interested in the product, I don't see why they can't step forward and do what the rest of the council has done up to this point, and that's go ahead and secure 10 orders, which is going to piss me off immensely. But it is what it is. If they're going to continue to be silent, I think Thomas Healy addressed this on one of the Q&As. A lot of the large companies are probably waiting for the carbon NITSA certifications. Fair enough. Fair enough. It's not at all beneficial at all for companies to secure orders right now. NFI and Ruan, even those orders that came through, they're doing so prematurely with a landscape that is changing so rapidly. I do understand them waiting, and to be honest with you, if I was a big company, I would wait. I wouldn't secure orders to make shareholders happy like myself that just want to see the order book growing up to a level that can give us some sort of insight on there being an overwhelming demand from the industry, and we just don't have that. We're trusting that that's there. We're trusting that it will come to fruition. We're trusting that those conversations are being had, but I typically like to invest a little bit more on trust. This has taken every bit of trust and hope, and really just tracking the progress and making sure that they are progressing, which they are along their timeline, but it can't happen soon enough, and I'm sure that there's a lot of investors out there that are sharing in that sentiment. One of the huge bright spots in the call was the hybrid backlog established at 1.5 million. This is a little bit of an interesting figure here, because if they're having supply chain issues still when they report full year earnings next year at the conclusion of Q4, how much of that 1.5 are they going to be able to realize? That's the golden question, and that's what was sitting on my mind is like that. I mean, that's great. You've got a bunch of clients that are interested in the product that you cannot deliver on, and that's too bad. Thomas Healy talked about this. A lot of Q1 orders shifted right to Q2. A lot of Q2 orders shifted to what is going to be now Q3. I would put this in the bad news category. The 1.5 million is great, but the real question in the alibi in this is to understand how much of that 1.5 they're actually going to be able to realize come full year ending 2022. I think it'll be chalked up as a stabilizing year. When I talk about going into these earnings report, and I don't think the next two are going to be that much different, I think we'll get a slow drift higher in the stock price for you guys that are wondering about my insight. There's too much positive going on right now with the company to suggest that the company deserves to go into a deeper swoon on the stock. That has been working out for the last couple of months. The price action would suggest that. I think that there's a lot of people that are actually accumulating shares, both institutions and retail investors. There's been just the latest report on the short seller interest is as low as it's ever been right now in the history of the stock market. So there's not a lot of shorting going on. Highly on short interest has dropped all the way to 13%, I believe, which I think this thing got all the way above 22% at one point when all of us were wondering, you know, what in the hell is going on? We'd get a piece of good news that would shoot up for one day and then it would continue on its downward slide. It's because of the heavy short interest on the company and the fact that the company did not have any real tangible good news to speak of that would have helped keep the stock above $10. And unfortunately, it just was able to slip down into no man's land, which is where we are now with anemic volume. There's no volume on the stock from day to day because I think the people who know are holding and the people who are looking to trade the stock are looking to do something other than go long on the stock. And I think that will change. I do the close the quarter with 500 million on the balance sheet. I'm positive on this slightly closer to neutral. They're burning money like no tomorrow. And I know this is going to be an unpopular statement, but they're going to have to get stuff together. And the one really bright spot that gives me some assurance that they will do this is both from the top management, the CEO and the CFO, Sherri and Thomas, when they talk about executing along their business plan. I'd like to know what that means. Because if you listened closely, it wasn't necessarily delivery of trucks in the back half of 2023. Now we are into 2024. So that ought to get a lot of people who watch these videos attention. That's what I heard. If I heard it wrong, please correct me, but I'm pretty good at speaking and listening and reading English. And what they said was, we could probably expect that trucks for the most part, it's going to start to ramp up, yes, be delivered in 2023. But ramp ramp up and scale is probably going to not happen until 2024. So we'll wait for the next corner to go ahead and push it to 2025 and then inevitably 2026, when is where we'll take this to the critical zero point on the cash burn with highly on, because for whatever reason, Peter built, there's nothing in it for them. And these are some of the things that I'm frustrated on. I should come out with another bear video, honestly, because as bullish as I am on this company, those Q&A questions from the analyst at the end of the call, guys, those were valid those were meant to penetrate and get to the bottom of helping some of these companies come to a better idea of where to forecast where this company is going and they are just not being transparent in some forms and fashion. Case in point, Cantor Fitzgerald, who had a $17 price target on the stock just recently lowered their price target to $5 a share, because Thomas Healy would not provide any color on the manufacturers suggested retail price on these trucks. Now I agree with Thomas Healy not providing that information because it is untimely to do so. I understand, but suggesting that they're going to have to come up with an MSRP that is as good for the customers and also good for shareholders, but then in the same breath not provide any color on where that price point is going to be, leaves the analyst in a position where they cannot accurately forecast any type of top-end revenue with expected sales of hyper-truck ERX and we are stuck in the waiting game. Now it is Thomas Healy's prerogative to do that and I agree with him not disclosing that, but guys, we don't need any more downgrades, we don't need any more from these analysts who have really got it wrong. Of course our friends were on the call and I thought that their questions were actually quite good, where I'm very, very hard on Fisher and the other guy Delaney. I thought their questions were really, really good and there's really going to be a prove it point to pivot point in this company where they're going to have to start declaring some of this information because you know, we wonder why shareholders aren't stepping in in massive volumes. This is why, this is why there's just a lot of questions around what's going on right now. They seem to suggest that they can push from what is immaterial revenue still to this day, even 1.5 million of backlog immaterial, doesn't matter. These guys are burning what, 17 million on R&D per quarter, you know? I mean they're burning, they lowered their projection and I kind of took that one of two ways, either they're trying to show that they can reduce it by 5 million, their capex spending for a year or they were trying to throw a little bit more to the positive to the actual call itself by reducing it by 5 million, but the company's burning 130 million and they're going to have to do a hell of a lot better than $179,000 of top-end revenue if they're going to expect to actually make it. The question is, from now until then, will the quick expo recap? This was interesting. I find this slightly positive on my earnings reaction, completed 70 ride and drive demonstrations at ACT. I don't know how much of that they attribute to the new orders that have come through on the books. I don't know because, well, we just don't know. Highly on knows, but we don't know and there's a reason for that. Some companies want to keep their business with Highly on at this point secret. That's totally fine. I would expect that over the years coming that there's going to be much more transparency, much more predictability around the interested fleets from a new purchase perspective and also for the reoccurring fleets out there that are repurposing some of their fleet to the HyperChuck ERX. That's where I see this company going. You guys wonder why I dip and dabble between the bear and the bull thesis? Well, first of all, I'm the only one that does it. Even some of the tone and tender that I get from some shareholders irritate me because it's if they're unwilling to even try to challenge what this company is doing. I don't think that helps the discussion, guys. I don't. I know there's a lot of people who would just assume have me come on and just cheerlead for the company free of charge. I'm at Liberty to do what I want on my channel, when and how I want to do it. To challenge some of these things that I see will probably help an investor that is just looking for all different opinions on this company. That's what I strike to provide is my honest opinion about what I felt like was a neutral quarter. I was neutral on it. There was a lot that came out and a lot of information that need to be reviewed and gleaned over. There was a lot externally that had nothing to do with Hylion that has transpired even since the earnings has been released. We just have to continue to pay attention and continue to monitor progress going forward. Met with fleet operators. I thought that this was really good. The ACT Expo, as well as the ride and drive event at Hylion, I cannot dispute that that was extremely successful and did render orders. We're going to have to get a domino effect here sooner or later. In other words, they're not going to make it if they have to sell each and every unit to fleets. In other words, beg them to buy their product. No, there needs to be enough interest in this product to where companies are picking up the phone and soliciting those orders of Hylion, not the other way around. If they're stuck, having to sell this $350,000 unit to fleets out there and they don't know what's going on or they haven't heard positive feedback from the industry, they're not going to sell this product. That's just the truth of it. I think that they will and I think that they've proven that they've started along a track to that end. I do, but here the CEO participated in a panel discussion on natural gas vehicle deployments and technology evolution, whoop-de-doo, and panel discussion available on YouTube page. I'm still sifting through my reaction when he came out with this. I think it's okay. It's great. This company needs to be catering to customers of fleets, not necessarily educating everybody up on the benefits of natural gas. I think if you went to Hylion's web page, you could find out everything you need to know. I'm just not sure what their strategic angle is in that. My opinion about it is undetermined at this point. I asked a question on the Twitter feed and didn't get it answered again. I'm at the point now where I'm convinced that I'm ignored and that's no problem. I don't need his or anybody else's validation to do my project. That's fine. This company will probably make me a millionaire and that's fine. If I can have the individual investors at least come back and say, hey, thanks, Ryan. I appreciate your devotion to this craft in a world that does not do things for free. I'm electively doing my stuff for free. At any time, this company could reach out to me and throw down on an interview and it would be of epic proportions. I get more views on my small channel than Hylion does as an $800 million company. Perhaps maybe they could tap into that exposure protocol. I know there's people out there that are like, huh, you pissed off the opportunity. Ryan, fine. Great. That's your opinion. That's totally fine. What I do for this company weekend and week out is immeasurable. I think there's a lot of people that rely upon it. I think waiting once every two weeks for business wire to drop a news feed on the company through Hylion.com is insufficient. I think that investors are savvy enough to know what it is that this product brings to bear. I didn't watch the Thomas Healy education video. I already know everything I need to know about this company and I think I would rather see my CEO out there working diligently to sell product. Is he doing that? Yes, I presume that he is. I can't presume that he's not doing that except for the time that he's providing educational videos through YouTube. Perhaps maybe he can blow up on YouTube and we can put that to the bottom line revenue because by God, they need help. $179,000 was embarrassing this quarter. I do put that in the negative category this time around. I know there's people who are going to be like, yeah, they made revenue. It was off projections by 59% guys. That's not good. It's not good. This company has got to get a handle on projecting where it is they're going to be and they're probably in the most difficult time of the evolution of the company to make those projections. But my sympathy only goes so far. You asked to come to public markets. Here it is. You're going to incur all of the public scrutiny and that's why your stock dropped what 20% upon releasing these revenues and that's why it's quickly recovered which is absolutely a positive in suggesting that the washout is complete on the company. I was satisfied with that. I mean, I lost eight grand overnight only to wake up the next morning and have recovered all of that and then some. The stock is back where it was before it reported. I think there's some real catalysts, some real tailwind to take advantage of and we'll just continue to be patient on that front. So Thomas Healy talked about the Hylian and Cummins collaboration. Don't get me wrong guys. When I can jump from the bear to the bull case quickly, this is a huge, huge deal for Hylian. This is huge. I think on the onset had it been announced that Cummins was partnering with Hylian, we'd be talking about a $25 stock right now. We would not be talking about a stock that is looking to claw back favor in a stock market that it has absolutely annihilated shareholders in and they did this to themselves. They're going to have to claw themselves back out of it and I believe that they will. But collaborating with Cummins and their natural gas engine to provide the generating power to the batteries and the e-axles will be great but I think to make sure that they can achieve the carb certification Cummins is going to assist with that and then collaboration validates desire of legacy commercial trucking companies to invest in sustainability. That's probably the most intriguing comment on this slide. Where did that come from? This is what I initially thought when Cummins actually collaborated with Hylian is that, whoa, that's vindication. That's validation for this company to suggest that a major player like Cummins is willing to fly their flag alongside Hylian. That's what I took out of it. Do I think that they could have met their carb and NHTSA certification on their own? Yeah, I do. Do I think that they could have went a different direction with their generator? Yeah, I think they could have but they didn't and if you were to ask me what would be the number one player that I would suggest that collaborating with would be the most bullish in the company, I would say that it's Cummins. Hands down. Hands down and that's why I suggest that this stock shouldn't be where it's at with this news floating around but if the stock market is slow to realize, it will quickly realize the value behind this and it will look to catch up and there will be FOMO buying in the company and again, my stock purchases are done and Hylian, I'm good. I'm now a long-term investor in the company and we'll look to take those long-term positions into long-term gains down the line no matter how long it takes but I thought this was a massive catalyst for the company. One of the biggest that I've seen and I don't think it gets its due credit. I don't so if you guys want to know you know where I am and my reaction to this and the reiteration of this news on the call, I'm extremely bullish on this partnership. This is huge. This is huge. So there we go. We've got the 200 ERX orders, 190 at the time of drafting the slide, 10 additionals. I've yet to see who that is so I don't know if it's, I don't know who it is, the 10 orders but we will see. I'm sure we'll get an announcement within the next couple weeks within finalizing of that order. Just another 10 order. I would presume it's maybe somebody off of the HyperTruck ERX Innovation Council. I may be wrong. I may be right. I don't know. It doesn't matter as long as we're continuing to secure those order slots and I think just to add a little bit of color in my reaction to this, this is a start. What this is going to mean is getting these 10 orders into the fleets delivering its freight to their customers and proving that they can actually do this. It's also going to provide the units to provide the feedback in way of performance data back to the fleets itself because up to this point they've really just had highly on specs that have been provided to these fleets on what the performance is perceived to be. Now these companies can actually take and introduce these trucks to the rigor of demand and that's going to be a real catalyst to understand how these trucks are performing out in the fleet. It's going to be huge for Hylian to get positive feedback, constructive feedback and certainly not feedback to suggest that they missed something major and that there are trucks that are dead all over the road because they failed to go through the internal validation of the product. I don't see that happening. I think there's been enough validation on this product. I think all share owners would agree with me. I think it's time to get going. Time to time to get going. So anyway, to date the orders represents 2% to the customer fleet size. Okay. We've always earmarked 1 to 2% of an entire industry. The industry is worth about a trillion dollars. I get it. That's a start. We need to introduce a lot more to these hyper truck ERX's two fleets and I believe we will do that in time. So the regulatory update is something that I thought it's changed. It's changed just as of yesterday. So just shooting this video, you guys all saw that it passed the house and it's on its way to the president for signature to actually put this regulation in place. This is the inflation reduction act. This is going to be signed into law. I would expect early next week this should push the stock up above $10. Will it? No, it won't. My verdict is still out on watching the stock go up. It hasn't felt like it's been real just because shareholders have been drugged through the swamp over the last couple of years on this company and I put those analogies out there. None of that matters. None of it matters in owning shares I just want to paint a picture that it has not been roses. It's not been good. Every share owner in this company has lost money. Now share owners on record that invested through the base have done nothing but make money over the last couple of months I would say with the stock washing out and actually giving back some of that to shareholders as we approach $5. Now of course the analysts aren't quick to revise their price targets. We'll hold on to that $4 price target I think all the way up to about $8 or $10 to where they have no chance at all to continue to maintain those low price targets and you know mines at $24. That's where I think the stock should be anyway. I think this exacerbated sell off over the last year and a half was unwarranted unjustified but you know I give a true value different than the analysts can. They can't give a $24 price target with what this company has right now in revenue and projected potential for profit. We don't know when this company could become profitable. We have no idea. This company is looking to go from anemic orders to something in the range of hundreds and dare I say thousands of hyper truck ERX orders and can the one OEM that they have handle those orders. How willing are they going to be to turn out these orders? What is the compensation to Peterbilt? You think Peterbilt is just going to sit back and just fire off all of these thousands and thousands of orders every year for Hylion so Hylion can become profitable? These are the real questions guys and so when people are like oh yeah no problem $179,000 of revenue that's okay. No it's not okay. It's horrible actually and I don't blow smoke at people. It's horrible. It's irrelevant. They could have just come out and reported zero. They could have come out and reported $600,000 when they made a difference. It's still irrelevant in where this company needs to be in the business that they're playing in and this inflation reduction act really helps to that upfront cost that Thomas Healy was pressed on because the analysts want to understand how they can project forward, how these incentives may spur buying and what that buy point is going to be. If they don't have that they can't project at all where this beautiful truck that we're looking at here is going to settle with customers and shareholders alike. Will we get that information? Yeah I guess when it's convenient for Hylion to release it but up until now I can only presume that it is not convenient for them to do so and good for Thomas Healy for standing his ground on the Q&A. I thought this was the most probing Q&A and I thought equally I thought it was Thomas Healy's best performance in the post-earnings Q&A session. I thought it was his best performance by far along with Sherry but Sherry always does just a great great job a little more consistent. I think Thomas Healy is evolving as his role in the CEO and I can't wait to see him actually from a position of dominance in this space because what a success story this will be for this young man to take this company public and actually realize it to full production and mass scale up. I think it'll be a story for the decades I really do and I think he's got all the pedigree to do it. I absolutely do. He came to markets at the right time and this just speaks to that. This inflation bill should be signed next week and I think when this thing gets signed into law I think when that pen hits paper I think you should see the stock shoot up 30% easy easy. There's just no questions about that. It is absolutely a direct in-your-pocket benefit for the fleets that are going to purchase these trucks and it gives the savings in the very pain point on the upfront cost for new technology that customers say this I cannot overstate the value of this slide any more than what I'm stating it now. I think this is a huge positive for the company. I think the stock instead of dribbling up and down a few cents every single day I think we should see appreciation in range of $1, $2, $3 even maybe a doubling in this company and you know I think one of these days we're going to wake up and the stock is going to be up over a hundred percent because the company is just not being provided its true value for what it could enter it could materialize into and I do say could but these things are real. Hylion has the product. Can they evolve into that reality? That's the question. I believe that they absolutely will. I don't see any way that they can't. I really don't unless Peter built shuts their doors they could leave Hylion hanging and and and not provide what has been communicated to shareholders as being that critical that critical relationship in in the industry to provide these on mass scale. Okay so there it is reducing the upfront cost lowers the barriers of entry to electrification and allows for easier transition to cleaner technology so I want you guys to think about that if you can lower the upfront cost only to put these fleets in the possibility of driving down TCO over a seven-year period running compressed natural gas in this ERX or on certain routes maybe to start to get into renewable natural gas those because those are going to be headliners you know hyper truck ERX delivers first renewable natural gas load where those tax incentives those those credits are provided those credits that we've long since forgotten with A and G I know some of the legacy share owners are going to remember the collaboration of how A and G is looking to fit into this whole equation A and G was one of those big hyper truck orders that came in on the onset 250 are they the ones that have stepped forward with the 10 orders I would presume it to be because they they are very interested in getting some fleets run what runs for them in way of compressed natural gas is only good for their network of fueling stations across this country North America and Canada alike so very exciting times to come I think this is the most bullish slide on the entire slide deck all things being considered so here's the revenue there was 180,000 I guess so 0.2 million in revenue and that's what it was for the quarter shows that there is still some interest in and the 1.5 million actually does kind of solidify the interest in the hybrid product it's going to be interesting to see how the hybrid product does goes going forward with the hyper truck kind of coming to coming to the marketplace here in more readily available fashion but the global supply chain issues that was absolutely a delta in no this I don't I don't blame highly on for this I don't where I would blame highly on perhaps maybe for the bottom end performance whether or not it's their fault is another conversation okay but the CEO's responsibility is to drive shareholder value are they doing that to the best of their ability at this point probably yeah probably but it's been poor performance you see the difference between those two guys so I'm not blaming Thomas Healy but it is his responsibility and past performance is no guarantee a future result so we'll see how this company is able to turn out performance on this front and drive the one of their two flagship products going forward but I think the backlog was good news so I like that we'll see how much of that they're able to realize here in Q3 and we'll closely monitor the progress on the hybrid product going forward so this is the milestones along their timeline I found to this to be extremely bullish Thomas Healy doubled down on this if you listened closely multiple times and I had one of my colleagues in the group that has helped me understand their new hiring and the build out of that team as perhaps maybe being a direct representative of their ability to meet these timelines by putting the right people in place I agree with that sentiment and is a huge connection and the build out of the highly on team it was talked about on the Q&A with Sherry Baker actually who said look we're going to continue to build out the headcount build out the team especially in the engineering department I believe is what she was saying but I think that really lends itself to this slide here in highly on stability to maintain their projected timelines that were projected three quarters ago and I think they've done a wonderful job and kudos to Thomas Healy and the team for for ensuring that they stay on course with this roadmap I think they were given one get out of jail free card let's not do it again let's keep to this timeline let's keep these and and there's been we've been given no indication to show that they're not going to provide those or earn those carbon NITSA certifications through EPA you know delivering the vehicles on time to expand fleet trials I think all that stuff's going to do and then start of production oh that's where it gets a little gray with me and I'm not going to be a Debbie downer on my weekly highly on video but we'll see it'll be interesting I think it'll be go time come the end of 2023 this company will have had three years to sort this out and I think it'll be time at that point and I think we'll need a little bit of momentum we'll need a little bit of momentum through legislation we'll need a little bit of push and motivation and momentum from the actual fleets themselves and customers demanding that this product be made available and then it relies on highly on to actually leverage their collaborative process here to deliver these trucks in a timely manner to the fleets that want to put them into the rigor of class eight over the road trucking so this slide I won't spend a lot of time on this this is an older slide that they used in this Q2 presentation nothing really to add here except for when this news came out it was extremely bullish for the company and I think it's one of the most overlooked aspects of highly on and where they're looking to go and the real tell here is hyzon and nicola both really hyzon specifically getting crushed just within the last couple of weeks nicola falling for grace as well and I don't know if that's because people are really finding out I'm not as bullish on hydrogen fuel cell as Thomas Healy I'm not I'm more with Elon Musk who believes that it's a pipe dream it's not a good source of energy and I think it's politically correct to come out and suggest maybe that hydrogen fuel cell is going to be the wave of the future yeah I don't know I'm not quick to suggest that I think if fleets are happy with the dependability reliability of C and G R and G and diesel of diesel is not going away my friends why switch if they can switch and there's availability along the route great but my friends there is no availability of hydrogen fuel right now in any type of quantity and any type of reliability to where you could put a demand over those pieces of infrastructure with multiple units out there on the road demanding if you put one hydrogen fuel cell station and you've got all of these fleets out there buying hydrogen fuel cell vehicles to be serviced by these one or two or five stations along the same route you're going to have a bottleneck effect and it's just not going to work the the leveraging of the existing infrastructure for C and G and R and G now with over 700 stations is much more realistic and and much more much more believable in that we can achieve that end within the the next coming short term or to medium term rather than just throwing it out there and say hey this is the direction that Hylian is going I think it's going to be slow I think it's going to be extremely bullish for the company when they come out with their hyper truck ERX powered by hydrogen fuel cell don't get me wrong I think it's going to be extremely bullish because that can provide some color around Hylian providing yet another fuel source in in class 8 trucking and I think that's going to provide what I've always intended to be an important catalyst in this company and that is optionality to the fleets with regard to the fuel of choice for fleets and that's what I've always suggested that this Hylian opportunity is is providing optionality it's not about going green at all cost it's not about going with Nikola because it has an awesome name it's not about going with Tesla just because Tesla is Tesla and everybody has to have a Tesla no no Thomas Healy talked about this it was the one thing that stuck with me on this earnings call he said he said fleets are demanding TCO he they are demanding a return of ownership they are demanding to be sat down and explained how the solution is at least on par and in most cases to actually tip the scale in the decision point in actually buying these units to be better off for the TCO benefit over the course of a seven to ten year cycle it's just that simple if they cannot provide that they're not going to be buying Nikola trucks sorry if they cannot provide that bottom line benefit they will not be buying the trucks just to buy the trucks they will not here's a quick snapshot of the top end revenue for the company not going to get into this too much this is as expected they still have got 200 million in the bank which is nice which can fund probably the next couple years of operation alone not even to acknowledge the short and long-term investments there totaling over 500 million of liquid assets there so that's pretty cool and then the 200,000 of top end revenue Q2 that was pretty disappointing when that came across I was like oh no then I saw the stock tank and I was like oh god here we go wonderful operating expenses total 32 million wow that's incredible there's the there's the 20 million there of R&D spending so you know you have to suggest that perhaps that R&D is going to pay off at some point it's going to pay off in so many intangible ways that you know this is what new technological companies need to do and I think they're doing the right thing I don't have a problem at all with the R&D spending and where they're putting that but it's just got to pay off it's just that simple and they did reiterate their full year guidance between two and three million in revenues so some of the additional events that are going to be forth coming here with the company here the virtual ride and drive will be scheduled for September 13 that's coming up that's awesome the link to that for registration is going to be shared openly that's going to be awesome and then the tweet community I guess that's a delta for me I'm a little bit irritated that my question didn't get acknowledged but it got acknowledged three times during the actual call itself so they may have thought that it was redundant I don't I think they're ghosting me I think they're ignoring me that's a great way to treat people that's awesome so but a lot of people would suggest that I deserve it and I disagree with that I think I was challenging the company at about the right time I was it would needed to be challenged and I was right I'll stand behind my work and what I do and you know how I nobody knows what I was told by the company and then basically just shafted on my interview request and that's fine I'll continue to be shafted I do this work willingly I do it electively I'm a huge shareholder in this company and I'll make tons of money from it it's fine I don't I don't need to make money from this but a little bit of acknowledgement would be nice so I'll put this in the in the delta category I'll put this in the absolute negative category because I'm a little sour on it but I thought it was actually okay Sherry and Thomas said I watched it I thought it was good I thought they would have taken my question just as kind of a give back but but no that was too much to ask I guess so look the company at this point really I don't I don't give two shits about the mask answer in my question they've got to produce results and verdict is still out on whether or not they can do that we'll monitor the company closely over the next couple of years to see if they can actually achieve those catalysts if not it'll be the biggest laughing stock that's ever ever come to public markets and and we'll see how things transpire over the coming especially couple of quarters which I don't think are going to be starters at all and then back half of 2023 as we move into mass scale all right guys so we've come out of the presentation hopefully you've enjoyed this hopefully you look at this quarter with your own lens just to double down on my assessment of the quarter I was neutral I think a lot of exterior factors was much more intriguing to me especially with the Cummins collaboration this quarter and the inflation reduction act of 2022 those two things had nothing to do really with highly on outside of whatever discussions happened with Cummins but those are exterior forces that don't really speak to the generation of top-end revenue that were turned out this quarter that were pretty immaterial and actually missed the mark by a long long way I give highly on a long leash at this point as a matter of fact I dare to say that it doesn't even matter I don't think the next quarter is going to matter nor the quarter after that but as we step into latter portion of 2023 I think we're going to be looking at a completely different stock I think we're going to look be looking at a 10 to 20 even $25 stock toward the end of 2023 there's no way it's going to be at these recessed prices there's just too much value there to be had when that transition happens from now until then I just own the stock and you solve all of those back and forth wishy-washy when's it going to happen I'm going to get in the stock at the right time I think you're playing with fire because it could jump to 15 overnight and when it does that you're going to be left stuck holding the bag of not holding the original bag that's actually turning from sand into gold and I would encourage you guys to look hard at this decision don't try to play in and out don't try to do that you want to be coming investor go ahead and do that okay it's the only way to ensure that you're along for the ride enjoy the maximum amount of profit that this company could potentially render into the future as we approach this mass scale up in 2023 and going into 2024 guys that's a couple short years away if you answered the question five years down the line if you knew that it was going to come to fruition would you hold the stock and every single one of you guys were shaking your head at me all right we're probably in that same scenario now and two and a half years you're probably going to have the every piece of validation that you've ever asked for in this company and then some think about it I leave you with that guys thank you so much for tuning into the message subscribe to the channel leave your comments at the bottom of the video and share the message with anybody out there that are interested in emerging companies in the class eight electrification space highly honest your bull and they are the only ones in this space competing in this niche in the capacity that they are to not reinvent the class eight trucking space rather to reimagine it guys thank you so much for tuning in and good luck in your investment future