 Hi, how are you doing today? I'm your host Rich here on behalf of RichTVLive with our special guest, John Legorge, the VP of Corporate Development for Grand West Transportation, Symbol Bus in Canada, BUSXF. How are you doing today, John? I'm fantastic. It's great to be here, Rich. Thanks for having me. Hey, thank you for joining us. BUSXF is having a huge day. Huge news today announced, $25 million quarter. Congratulations. Thanks a lot. We're really excited to really put 2020 behind us, which as everyone knows, it's been a little challenging with some things, but having the operations up in full force, making those deliveries, making a record quarter here is really exciting. Plus, as you see, like to the events that we've been building towards, you know, launching the EV and everything else, it's exciting times for us for sure. John, why don't you tell us a little bit about yourself and how you got involved with the Grand West Transportation Group? Yeah, I mean, I've got a finance background. I spent a lot of time in diversified industries. I sold software for EMC and hardware. I was in the oil and gas business. I spent a lot of time, no. Since 2009, I've been fully focused in the investments in micro caps and board positions, officer positions and small caps. It's my passion. I love it. And that's what led me to work here at Grand West. I met Will about six years ago, and became an investor. Love what he was doing. And I was lucky enough to be approached by him a little bit later to join the board and out there. And then he kind of evolved into my role in the capital markets and business development. So I know the bus has really been gaining steam, and our community absolutely loves it. Can you tell us how many buses have gone out now from the first $50 million order you guys have been working on? Yeah, so I'm not going to give you specific orders because it's like, we'd like to explain. It's not like delivering pizzas. The actual revenue recognition can be a little tricky as far as sign off and things like that. So we do know, I'll tell you, if you read the press release today, we are on track and we're delivering over 50 buses in Q1. So that's between 50 and 60 plus, but the end result ends up being somewhere in there. And then what doesn't go into this quarter ends up in Q2. So that's where we're at. So very exciting, huge Q1, record breaking Q1 by a long shot, and I'm anticipating a very strong, solid, maybe similar numbers for Q2 based on all the research that I've been doing. Now, Grand West Transportation Group also recently announced huge announcement, a new Chief Operating Officer, Manuel Atchadina, former CEO of BC Transit. Huge, huge, huge acquisition. Can you tell us a bit about this addition for the team of Grand West Transportation Group? What does that mean for the company? Oh, I'd love to talk about it. This is just absolutely massive for us. When you look at that position of CEO of any public transit agency, it's got to be one of the most difficult jobs in the world. And so Manuel is like a proven operator, a proven professional at BC Transit. This is all public knowledge. I mean, he had over 4,000 employees that he was responsible for. His operating budget was over $3 million a year. His capital budget over $150 million a year. So dealing with budgets, maintenance, building facilities. And the real interesting part is you can't write a better story. Manuel was the CEO of BC Transit and actually brought, he was a champion for bus to for Grand West to become the joint venture partner there, the strategic partnership. So he brought, he's a very integral part of coming up with the name, vicinity. He's very integral in creating the whole company as a successful entity that it is today. So for him to understand it as well as he does, he's been working with me for the last few months on some consulting and it's just a huge, huge addition to the company. And for him to expand from where we are into a multi-billion-dollar company, it's going to be something he's definitely ready for and he's experiencing doing that and restructuring for optimization. And it's just a great, great addition. I always tell our community that we love to invest in revenue and you guys now have a lot of revenue and we love to invest in management, experienced management that has done it before. If they've done it before, they can do it again. You've got a guy now on board that has a unbelievable resume that only is going to enhance the culture, the amount of visibility, the amount of attention that is going to be put on grand west transportation. Now another huge piece of news, you guys just announced that you're making the application to the NASDAQ and recently announced a small share rollback, very small three-to-one, nothing to really be concerned about. Can you tell us how close you guys are to uplifting? I know that there will be a vote on, I believe it's March 24th for the uplifting and what made you guys decide to do a small consolidation of the shares? Yeah, so I guess if you start the consolidation for the listing for NASDAQ, you have to maintain a $4 US bid price. So I mean just the pricing, I'd like to think that we'll be there organically but you don't want to be close to that number. And also the US institutions prefer a $10 US bid. So we'll be on a lot more raters with that pricing. And also just to tighten up the trading structure, I mean going on the NASDAQ with 100 million shares out, I'd rather, I'd prefer to have that 30 million range. I think it'll trade nicer. Yeah, 28 million shares is a beautiful float. I always tell our guys we like 100 million shares but 50 million shares bingo. 30 million shares is just beautiful. Like to be on the NASDAQ with 30 million shares, this will be one of the hottest electric vehicle stocks in the world at that point regardless because you got revenue, you got a tight share structure with a little bit of buying its rocket fuel for the stock. So it's a no brainer for us. How long till the name change of the company becomes effective and what made you guys want to do a name change? Yeah, and I guess I did miss on the timing. We'll be filing, we have to announce our quarterly, sorry not quarterly, our year-end financials here, which will come at the end of this month most likely. And then we'll file probably mid-April with the NASDAQ. So at that point it's out of our hands and I believe it's a 30 to 90 day process after that. So we're moving as fast as we can on that front. And then when we talk about the change from grand west transportation, our product line is called the vicinity. So there's always been a little bit of a confusion between grand west and vicinity. But if you also notice we're changing from my transportation to vicinity motor corp and it's just much cleaner, shorter, but it also provides us the opportunity to expand potentially into other product lines besides transit. So not just buses, like right now our symbol is bus, but we would like to change that to hopefully BMC or something along those lines. There's a lot of business out there that we had. We spend millions of dollars perfecting our EV integration. And so you think about our transportation business or buses as a unit, but we've got some other opportunities potentially out there. Can you tell us what the expected completion date of the US facility is? I know that that is very exciting for bus. That's going to take your game to the next level where you're going to be able to do like, I think it's a thousand units a year. Do you have an exact date or timeline for that? Yeah, well as you know in construction there's never an exact date and I'm smart enough to never promise an exact date anymore. But yeah, I mean we've finalized the basically the design and we're just getting through that the final permitting to get that done. So I would expect to be done here in Q3, Q4. We can start, we can still do Buy America operations down in the state. Just do some stall builds until that's up and running, but we're going as fast as we can. And that's, you know, it's a big step force as well because that'll allow us to bring, you know, customers to see our operations and see, you know, how we're doing these things with the manufacturing. Now I know you guys have a lot of different types of buses. Can you, and a lot of people have been asking me, this is a specific question from the audience, what percentage of buses you guys make will be fully electric buses? Do you have an idea or an estimate? Yeah, so, you know, if you look at what we do now, like most of our sales are diesel and CNG. So you kind of start with the diesel, then moving towards the more environmentally friendly CNG, and now we're going towards EV. So at this point, we've got a very small percent of sales with sold five of the EVs. You're going to see some more of those orders shortly. I anticipate, don't promise, but I think something's coming shortly. So we'll look to see over the next five years. I mean, you can't, I know everyone's excited about EV, but the world or the North American transit markets and public operators, private operators, they just can't flip the switch and say, we all want an EV. There's just not the infrastructure in place. So what you'll see right now is a smaller percentage, you know, maybe next year, 20, 30%, but then moving towards 80 to 100% over the next five years. Which really shows, and this is something I want to consistently remind people of, we are really at the early stages of electric vehicles. Despite the fact that Tesla is becoming one of the largest market cap companies in the world, we're still in the very early stages of electric vehicles. And in the next 10, 20 years, we're going to see a huge shift where instead of maybe one out of every 10 cars, I don't even know if it's that much. Let's say one out of every 20 cars is electric vehicle. I think in the next 10, 20 years, it's going to be like 50% of the cars are electric vehicles. So like you said, there's a lot of infrastructure that needs to be built in order to manage and maintain that. There's got to be charging stations, so many things that need to happen. Would you agree? And it's going to take some time. Yeah, absolutely. And you know, even what you're kind of playing on is that, you know, that environmental sustainability, which we are going to be looking to engage in the SG audit to make sure that our processes and our governance will port on that. So stay tuned for that. And then when you start talking about how many electric vehicles or cars there are, well, every bus takes like 40 to 50 cars off the road. So if a diesel bus is taking that off the road and then you introduce an EV, imagine what you can do by removing all that, then removing all the diesel buses and putting the EV. So really the environmental impacts massive. And we're really excited about that. I mean, it's, you know, we're in the Super Bowl here of a total change in the market. And it's, this is the best time to be in this place. And, you know, as an established company, it's pretty exciting. Well, it's very exciting. So yeah, I love disruptive technologies. And this is one of the most disruptive technologies and super excited to still be here in the early stages before the company has even graduated to the NASDAQ. So congratulations on all your success so far. And I know that this is just the beginning. If there was one thing you would want shareholders to know about Grand West Transportation Group today, what would it be? Yeah, you know, I think that what's really want to look at with us is, you know, we're a proven company. We know how to bring new products to market. We've competed against the big guys. We've got existing customers, we've got existing infrastructure, sales, service support. We just signed a deal with the ABC companies to market. And they've been around for 60, 70 years. So now we've got, you know, I've proven one of the larger bus sales companies in the U.S. to partner with. And they don't have a competing product to market. So, and in the meantime, as we transition to what we believe is extremely disruptive EV tech, we have existing products to sell what the customer wants today in these old CNG and then moving towards the EV. And I mean, you know, as you see, like when you see $25 million in a quarter, you know, it's really easy for a new company to go up there and put up a nice power point and say, this is what we're going to do. But then actually executing on that, I mean, these bids are complicated, especially the public transit bids are difficult, but we've got the engineering skill and know-how and all that. So we're the whole package and, you know, watch out because we've got some pretty talented team members here that are ready to take it to the next level. So when you talk about it, I mean, we're just getting started. Very exciting. If a shareholder or a potential partner wants to get in contact with you, what's the best way for them to reach you? Yeah, I mean, for shareholders, I'd suggest calling Luke Zimmerman or Mark Schwallenberg. I work very closely with the MZ Group, their RIR firm out of the U.S. And they're an extension of my team. They're great to work with. Their phone number is 949-259-4987. And if you want to email them, it's busatmzgroup.us. And if there's a partnership opportunity, send that to them and they can report it to me. But they're good to work with there. And then on our press releases, so previously, if you're in Canada, always call the other paradox guys as well. They're great guys as well. They're working with us as well. Okay, great. Well, thank you for joining us, John Lagarge, the VP of Corporate Development for Grand West Transportation. If you guys like this video, please smash the like button, comment down below, smash the like button, comment down below and subscribe, hit the bell for notifications. If you want to see and get access to these videos in the future, just smash that, get the bell for notifications. Every time we go live or you get an update, you will get it first. And remember, Rich TV Live is strictly for education and entertainment purposes. Always do your due diligence, always do your research before you invest in anything that we talk about here in Rich TV Live. Consult a financial advisor. Chances are when you consult your financial advisor, your financial advisor is going to say, where'd you get this pick? And you can say I heard it on Rich TV Live and they're going to say it's a great pick. Bus is my number one electric vehicle player for 2021. They haven't disappointed so far. You guys have been a huge success story. It's already been a 10x over the last year. We've seen a lot of success and a lot of upside. But in my opinion, this is a story that's just getting started and going on a senior exchange is going to bring in so many more eyeballs into the security. And I'm very excited to see how it all transforms and how it all evolves. And thank you for your time today, John. Thanks for having me, Rich. I'll look forward to seeing you next time. Yeah, hope to have you again soon. Anytime you have a big breaking news like you've had just recently, please, I'd love to invite you back on the show. Keep up all the great work and our entire community will be watching you very closely. See you soon. Thank you. Thank you guys for watching. Have a great day, everybody.