 I'd love to welcome everybody back to the Independent Investor Channel for a weekly update on Hylion Holdings. I hesitated on even putting this video out this week, to be honest with you. I thought perhaps maybe I could just take the week off like Hylion has seemingly done. But remember why I do this project. I don't do it for Hylion. I don't do it for myself either. I do it for the would-be shareholders out there that hold this company, look to materialize on benefits that I think are absolutely still in play with Hylion. I think it's important to continue to keep the topic hot with this company. Now that's not to suggest that there aren't things going on with Hylion. I think the forward-reaching initiatives that they have probably do not raise to the level of any type of public engagement in this particular juncture and being in quiet period here scheduled to report on its Q4 closed down 2022 as the fiscal year. And I don't know what to expect. I am rest assured, acknowledging that from the latter part of 2022, if not for the majority of 2022 and going into the front half of 2023, we are in a bridging process right now. What we are bridging to is anybody's guess. We have to look at the potential to realize in part or in some degree the promises made of this company. But for those people out there that would suggest that Hylion doesn't have a product, I would encourage you to look again. I like my perspective on this because I read things on social media sometimes and I often wonder if they truly understand how stupid they sound when they come out and offer their opinions about something. And then I wonder if it has some sort of motive or objective to it. So that's a lot of reason why I will come out with a weekly video. I'm not going to come out with daily videos. I'm not going to inundate the channel with that type of activity. You also have to understand when I say I don't do this for Hylion, I do it indirectly, but I certainly don't do it directly. As a matter of fact, I'd go so far as to suggest that my product is not appreciated at all. I believe that I've probably been completely shut off of any type of reply opportunity and that's too bad. That's too bad. I speak with CEOs on a weekly basis. I'm covering companies right now that are actually exciting to cover and the difference between those companies and this company is I get paid by those companies. I don't get paid at all. I am not affiliated whatsoever with Hylion. That's why there are no disclaimers on this video at all outside of the fact that I do own a fairly robust share ownership in Hylion and will continue to own that because my due diligence has been complete for quite some time. I think we are in a current phase now in 2023 where unfortunately we've done everything we could possibly do to run off every single retail investor that thought they were strong enough, presumed they were strong enough, made the move like they were strong enough, and come to find out they were not strong enough. In my heart of hearts, guys, I honestly cannot blame you. This is not fun to cover anymore. I'm an investor, so my perspective on this company and how this story has evolved up until now certainly speaks to my tone and tenor and my opinion and opinion on how the story has developed and how the company has really succeeded in putting forth a company stock representation that has done nothing but take from investors. The run up in the stock here has been short lived. I know people are going to say, yeah, we're still up 30%. We've cut that in half. We're down significantly from the highs again. It's a perfect time to go into a quiet period by Hylion to allow themselves not to take advantage of any momentum at all. There's been some comments out there that the Hylion community seems to believe that they are cared for. I beg to differ. I think that Hylion is so focused on their goals and verdict is still out on whether or not that focus is going to turn into something material because at the end of the day, this is a fantastic story. It is a fantastic company with regard to the progress that they've made. Whether or not that story is going to materialize into something that even remotely represents what it is they promise to investors on the onset is yet to be seen. Commenting here middle of February 2023 in a period where I feel like the company is on ice. The stock market is in fritz. For the best I can gather and we'll look for some color around this regarding the supply chain issues is still very much alive and well. Progress with the OEMs is still muted, the best I can tell. Hylion garnering orders to solidify their backlog has slowed. It has slowed to a snail's pace at this point. If their focus is on selling their product, I think they're going on their third annual ACT conference. I guess the question is what, if any, has materialized out of that? You would expect that those guys are going and yeah they're having a good time at the conference but who are they speaking with? Who are they really getting interest from? If we had understood the previous two ACT conferences and the ride drives that they go and burn up a bunch of C&G on investors' back dollars to showcase their product, what has materialized out of it? What has really turned out from a quantifiable basis on sales orders, leads, etc. We don't know. The 200 of the original orders that have been turned out evidently over the last significant time frame, especially going back into last year, was articulated as being the sole focus of Hylion over that same time period. DSV has just placed an order of 10, which is huge. These beginning orders that have gone in, these are great in really setting up the building blocks for something material in the back half of 2023. I keep saying that and I almost want to catch myself full well knowing that my trust with this company is all but gone and again there's going to be some people in the community, the investing community who just expect me to come on with neon green pom-poms and jump up and down. I've been doing this a long, long time. Stock investing is my life. Hylion could just dissolve away, I would be fine. I'm making a fortune on some of my other companies that if I emailed the CEO tomorrow, I would get a response immediately. If I email Hylion investor relations, which I've done in the past, I can be rest assured guaranteed 100% that I will get zero reciprocation zero. That is their very job is to provide that reciprocation. Putting out these weekly videos when there really isn't any substance, again, I hesitated on putting this product out. But again, in the face of all of the adversity, in the face of a timeframe where it is probably the most difficult to gin up any type of excitement about this name, to try to qualify the information that has been released as lean as it has been over the previous quarter, I would say, in the face of retail investors dumping the stock and turning that stock over to the institutions who are willing to sit on this name for five to 10 years plus, and I since the beginning have actually tried to communicate to retail investors that they were going to have to invest in this company like institutional investors and not retail investors. I know this because the comments that come through on the story have dwindled. The interest in the Hylion story has dwindled, at least as far as my channel goes. Now, there are a lot of fantastic content creators, which have, which has helped keep the story fresh on YouTube and kept it out there in the limelight to try to continue to keep whatever momentum is there alive. Is momentum even a necessary recipe for success at this point? I would suggest that if you're feeling that there's a little bit of angst in my delivery here, your sense is correct. If you're sensing that there is a level of frustration with the lack of progress here, there is. You would be sensing the correct. I think it would be easy to come on and just make up a bunch of hype with regard to this company that right now represents the largest holding in my portfolio. And I'm totally cool with that based on what it is that I think they are capable of doing. And I do believe that if they execute correctly, they will absolutely find some material benefit from. But where are we left now in this ice age of trying to understand what strategic initiatives this company is taking on? Did the Carnot generator need to be brought on board when it was brought on board? What short to medium term benefit other than a cash drag? Does it have on Hylion in the short and medium term? Will the company run out of funding that they were able to generate through coming to public markets during this back process? Will they actually start to turn out some revenues that will actually be able to be affixed to the company's stock price in way of ascertaining some level of value in the company outside of what was declared for 2021 at two million in revenue. And I think they'll do the same this time around. I don't expect that they close down 2022 with bells and whistles. We would have heard something. I think the company is somewhat hungry for those said bells and whistles. I'm not really sure if the interest is quite as significant as Thomas Healy would suggest. I'm skeptical. It is not my job as a retail investor to just believe every CEO that comes across my desk and says, hey, we've got something special here. As a matter of fact, I'm learning to grow even more skeptical of expecting what the CEO is paid to say and really taking that with a grain of salt in understanding that the public facing CEO perhaps maybe understands a significant amount of difference and has to convey that to the public as opposed to what they know is going on behind the scenes. I don't know. Is there overwhelming interest in the product right now? I don't see it. I don't see it. We are in an ice age right now and that interest that we could suspect to see now is understood as to why we potentially don't see it now. But are we setting ourselves up for some accelerated movement toward what has been dubbed a latter part of 2023 beginning of 2024 as some made up ramp up of commercialization? I'm getting to a point where I don't see that that's going to happen and I'm setting myself up for a whole lot of the same in 2024. I'm setting myself up for the sheer reality and it pains me to say this that although the consensus amongst the investor group is to earmark the end of 2023 beginning of 2024 as being that transformational timeframe for the company and rightfully so it absolutely should be. I mean here look we're looking at what three three and a half four years removed of its original IPO and is it unfair to suggest that perhaps maybe ample timeframe has been provided to highly on up to now to start to generate I don't know something like F and something. If the interest is so overwhelming and there's companies out there that are willing to put this in the fleets then is it not safe to presume that at some point as we emerge from what has been a horrendous horrendous ride as far as the stock goes now the material evolution of the company right toward that end is just what it is as far as the necessary pedigree and the recipe toward that end if they end up coming into some government contracts if they start to really start to take advantage of the mandates and the incentive program that the government both state and federal have laid out all of this discussion is for not okay so I'm trying to give you a little bit of a frustrated angle as well as the reality of the situation to not mingle the two because my goal on the independent investor channel is to try to speak to people and relate with how they're feeling okay relate with the fact that owning highly on holdings over the last three years has been absolutely horrible horrible I know there's people who bought it on the last run up FOMO bought the stock and now just to incur the same old performance of down trending markets and down every day the company was down every single day this week every single day there's no interest there's no interest at all if highly on had that interest they would put that out as far as some level of some level of of progress being made on the industry front that there is indeed some industry industry interest in this product that would somehow correlate with what Thomas Healy is talking about with this interest that we're supposed to believe him is there okay okay um what's to keep the fleets from just staying with diesel effort I don't like any of the technology out there there's a reason to scoff at the highly on opportunity having to work through the OEMs bottleneck and jammed up and not being able to get their orders maybe the fact that highly on stock price at three dollars and sixteen cents would suggest potentially a company that isn't quite as strong as Thomas Healy suggests that it is and the very fragment of strength that highly on has is on their balance sheet with regard to their current cash position that is being eroded away every single month that we burn up through operating expenditures that maybe they're rushing maybe they're not rushing at all maybe the results that have been garnered thus far would suggest that there's no sense of of of rush maybe there's a false pretense of reliance on a cash position that this young company is going to understand quick and furious that that could be a fatal mistake because once the cash burns away all you're going to be left with is a company that has garnered whatever interest in the fleets that has built up a team of the best I can tell between two and three hundred people I don't I don't know which is really really small for what they want to do a company that has brought basically a non commercially viable prototype to the marketplace and is being fleet tested right now by fleets Ruan is involved right now in their fleet trials I have no doubt that we're going to get a report at the conclusion of that Ruan and they're going to say it was fantastic and they saved a bunch of money and the drivers like the product and it will probably fall on deaf ears until 2024 and we won't hear from Ruan again am I being sour or am I basing my expectation on the track record that Hylian has built for us thus far expect nothing and you'll be surprised expect that at the end of 2023 where that we're we've got this commercially viable product and winter validation is complete we understand the results of that we understand the results of the summer testing and validation which will probably be rolled out here in a week and a half during the February 2022 Q4 call and we'll get more color around that perhaps maybe we won't I don't know we'll have the same four analysts come on JP Morgan we'll have cantor fits Gerald we will have we will have Goldman Sachs and we will have you know our favorites go on there and ask the same idiotic questions and we'll put on a puppet show like we typically do the analysts will come on and congratulate the company on the quarter when in my perspective they don't deserve any congratulations at all I think the work that they're doing behind the scenes and the work that I'm presuming that they're doing is is is the very least that they should be doing I don't sense that there's a sense of urgency at all I don't I think unfortunately they are hunched up on this idea that they've got plenty of cash to keep them to this material to get them to this commercial stage which is always what they said was going to basically close out the SPAC opportunity and say look we came to public markets to get to commercialization now that's not what they said on the onset but that's how the story has evolved now it appears as if by the time we run out of money we will have a commercially viable product to put to the marketplace to help with reducing the carbon impact for fleets and then it'll be up up to the fleets and if they they want the product great we'll kill it and we'll crush it we'll do really good things but if they don't want it then that's all right we'll just sell it off to somebody and we'll move on and see all this time the only person who doesn't have to have a sense of urgency is Thomas Healy why not why not just make up a story to come to public markets put all this information out there slowly sell off the stock to the tune of 30 million dollars right and then just rest on the the the laurels of just that look I'm following through with my promise I'm good all I have to do is make a commercially viable product tell everybody that everybody in the world is interested in the product lead everybody along to suggest that people are interested in this product and if by the time the day of reckoning comes and we run out of money I've done my obligation to the tune of what I said that I would do and that's present that to industry it's just industry's fault because we find that industry is not that interested in going with a fossil fuel solution and the incentives just aren't as rich as we suggested that they were fleets are wanting to dabble in this technology but not enough to keep us afloat and actually have us garner the ability to maintain this warehouse in Austin Texas that we call home there's been some fall off in the community for sure and the reason why I continue to come out with the weekly video is to give you an angle and my angle now is completely independent I have not sold any shares nor do I have any intention of selling shares what it comes down to for me is one dollar we are currently one dollar one dollar above the all-time low we are one dollar above the all-time low and with the current trajectory who's to say that this ice age that we are in this neon green ice age of momentum for the stock which I would chalk up to be moving at the speed of a glacier would have me believe that perhaps maybe the all-time low is back in play again kills me to say it I don't know and I would love the viewing audience that tune in every single week to sit back and say man alive Ryan you're you're you're wrong there's no way we see 206 again it is my job to define all possibilities within stock market investing and with the current pace of this company there's a little bit of I don't give a shit sense that I get from highly on I just don't see it I put in 1617 18 hours a day two hours of those days are spent in the gym working out I just don't sense the ferocity from our current CEO and I do not see that that ferocity and I I'll go out on a limb and say that that ferocity is probably there I just don't sense it and my sense does not represent what happens in reality okay it doesn't so I'll probably suggest and go out on a limb that that ferocity is there but where are the results something that really caught my attention this week was a tweet from a couple of the guys that I respect wholeheartedly okay and he was sent a coffee cup congratulations Andreas I'm happy you got your kick coffee cup to me it's kind of a kind of a shot in the side a little bit not because you got a coffee cup but because somehow the suggestion was made that highly on cares about share owners conversely I'm currently in a project right now with the company that is worth 50 million in market cap mind you highly on is given back what 100 million in market caps so they're probably sitting at around 575 right now at the time of shooting this video fucking why not it's all in a good weeks all in a good weeks give back 14% off this week I think at least like I said it was down every single day but to suggest that highly on cares about share owners is yet to be seen if I asked Thomas Haley if he cared about share owners he'd say absolutely 100% I'm in it for the share owners and I'm in it for the shareholders of this company long term both retail and institutions alike the bottom line in stock market investing has nothing to do with whether or not I like the logo or the title of the company or the CEO or the board or the employees that make up the company as a publicly traded company there is only one metric that matters as far as a stock ownership and owning shares instead company matter and that is revenues you can say all you want you can send all the coffee cups out there that you want hell you you could you could tweet back I thank you to me which would go a hell of a long way I'm better with regard to my relationship with highly on absolutely I'll hold the shares they'll materialize to a million dollar position I have no doubt about that but as far as my relationship with highly on these people need to stop walking around like their shit does not stink because the obligation to share owners is very real very real and I see that performance laid out way different and delivered upon by different CEOs out there in the business that have compensation locked up until they perform there's been no such thing with highly on Thomas Healy is making significantly more than a vascular surgeon every single year to turn out two million dollars of revenue on a company that is worth six hundred million dollars if you carved out all the emotion from the highly on story and you looked at the nuts and bolts of this thing you would be hard pressed to find the level of deep value in the company that I see I see it and it's all going to fall on execution okay these guys could fall on tilt screw up royally miss something huge with the hyper truck erx not meet carbon it's a certification it's going to be catastrophic for the stock and catastrophic from these levels go down to 25 cents you know it could go down to one penny I'm covering a company right now that trades for one cent one cent makes more per year than highly on all right and you don't use this and that that company has a market cap of four million dollars four million it's the lowest market cap company that I cover on the independent investor channel by far it's the lowest the next lowest is 20 million this company has a market cap of four million dollars it makes four million dollars a year last year they'll turn in about 15 million dollars for the year with no debt and just because they identified with the momentum of the stock guess what executive management did they took an f and pay cut they took a pay cut company trades on the new york stock exchange right i'm talking about highly on there's no way we would discuss something crazy like that for me the disconnect between the results that are being garnered and the results that we are setting up to be disappointed on again i'm expecting nothing sour yeah yeah yeah so is everybody else you got to give me some credit man i'm willing enough to put my pride aside and come on to social media and actually continually try to in the face of zero appreciation provide some clarity on this company and set ourselves up to an inevitable melting of the glacier to an inevitable melting of this sluggish momentum momentum that falls on deaf ears anymore when dsv puts in an order of 10 with an obligation to buy 10 more that was a 20 order from one of the biggest logistics fleets in the world and guess what happened with the stock nothing nothing you want to know why because the market as imperfect as it is is pretty good at sniffing out garbage now it can go a long long time attempting to sniff out that garbage at tesla without actually punishing a company for a long long time and by nature of not punishing a company it organically creates this fear of missing out especially amongst retail investors who just pile into companies based on momentum highly on has none none i hope they're using this time strategically to their advantage i would like to emphasize hope i would hope that they are taking advantage of this because the promise of delivery to the stock market and creating any type of churn or momentum on the company now is futile i mean they they could release a hundred erx order on monday the stock wouldn't move the stock would go down eight cents the stock right now is staring squarely at highly on and daring highly on to make them to to prove them wrong it is a prove it story this message is not going to settle with everybody i totally understand perhaps it's my mood which right now everything is absolutely perfect it's plugging along and to be honest with you to be able to share other stories with companies with management who are willing to talk to me okay highly on is not in that camp okay a retweet to somebody who's provided thousands and thousands of dollars not many others a retweet saying hey i have a one line bs tweet and everybody loses their f in mind or a coffee cup that gets rendered to one of the the discord members that i have the uproast utmost respect to is kind of a kick in the teeth it's kind of a kick in the teeth i don't give a shit about shirts and hats and coffee mugs i don't give a shit about that okay um with the money that i've i've i'm down in this current position i could probably start a coffee mug business with a brick and mortar store and a coffee shop and a legitimate business with a license and full overhead paid for a year okay highlands busy i get it investor relations i'm not sure if they're on the phone every single day with the institutions who knows probably um if you're not on the inside you are on the outside and my friends i hate to suggest that we are on the outside looking in on this story and it appears as if highly on has over the last three years defined for themselves a reputation that is second to none sterling i mean this company in the last three years is free of controversy the wonderful job wonderful job full credit to the ceo and the team and the board of directors zero controversy but do they have the goods enough to know that they don't have to press the issue to manufacture any type of hype now knowing that the momentum that i spoke about is only going to fall on deaf ears perhaps if i was deploying a little bit of strategy i would take that all day to the bank and be like look guys we've been given a gift okay stocks gonna trade in between two and five dollars for the next i mean who knows until we can actually materialize and really start to put some back to back to back to back to back to back orders in place i suggested that perhaps 2022-2023 could have been that time to build against the back order what we're not there um this this interest that thomas healy's talking about this might be like hey thomas you want to go get a cup of coffee what's your favorite coffee and thomas gets really excited about pike place coffee at starbucks and the client that he's looking to share the highly on story with also suggest i love pike place coffee too i'm super excited let's order it together if that's the level of interest that we're looking to garner in the class eight trucking space and the logistics fleet great because the material the material results are just not stacking up right now man they're not they should be they should be pumping in 50 orders of hybrids constantly where they're going to make the installs i have no idea what that could mean to solidify the backlog and order book to put the customers on an inevitable queue to the future hey well yeah we'll get you installed by by 2030 at some point because they don't have the install capability to to to garner all these orders that they say there's such an interest for pike place so i'm stuck in a bit of a quandary looking to footstomp the pulse of where we are i i am enjoying some amazing confidence in the micro cap space and some of these companies that i'm covering unfortunately i'm not a bullshitter i'm not going to come on to social media and say hey i'm super excited about sharing these this story anymore because i'm not i'm not there's nothing material i looked back over the week guys i looked back is there anything to share from this week nothing i almost did not provide this content this week i almost did not because there was nothing to share effort just take the week off like highly on did again they're in quiet period um and perhaps maybe that's for phenomenal reason perhaps maybe i should be the one that calls in during this call on 2022 or 2023 this q4 call on the 22nd of february and say hey thomas hey from the bottom of my heart congratulations you had a phenomenal quarter no you didn't no you didn't because your results are not materializing could they be building the backlog yes they could they're not okay are we marching toward an inevitable increase in orders i don't know uh house fleet house certification coming house fleet validation coming is ruan really enjoying the product i don't know you probably have to spend two weeks taking your technical team down there to shoot some professional video to have ruan say what i just said during the filming of this video we like the product it was quiet it toad well it ran well we really love the product and and it will end at that okay we're not we're good we're getting free advertisement flying the flag of highly on by them putting us on the hyper truck innovation council this is fantastic we'll place our order when we come to version 10 of the hyper truck and they've worked out all the kinks that are inevitable of new technology all right i'm being a little bit abrasive this week if not a lot abrasive i get it okay you can hate me for it that's fine but i had nothing from this week nothing i don't have appreciation from this company i don't have any news i don't have any major catalysts at all and the same old same old is still withstanding with this company the degradation of the current cash the questions surrounding the certification the questions surrounding the winter validation and testing and the results that existed therein this renewed interest from fleets of highly on that is somehow just now up until today's date discussion uh and and an apparent uh communication to would be share owners that this this interest is somehow overwhelming what's it gonna mean where do we go from here do we test the lows do we settle out to get a few more dollars of appreciation marked one dollar above the all time high right now is that little iota of of of impression of a company that i find is extremely undervalued yes but is it is it compared against the stock that i talked about that's generating more revenue carrying less up and cap acts than highly on made 15 million dollars last year is worth four million dollars in market cap four million okay not 650 million or 600 or 575 wherever highly on is right now to garner top end revenues of two million dollars two million dollars i leave you with this my friends stepping into this february quarter don't expect a whole lot expect a lot of the same i'll give it to you now over the quarter we made five hundred thousand dollars we've expanded our fleet trials with rewan who were engaged with now the incentives the act and the amt or a c whatever the f the mandates are still out they're looming we haven't we haven't benefited or identified the wool material benefit we qualify for them that's all great and plenty but evidently the fleets are still thinking about whether or not they want to take on orders we added mr craig to the board what else do we have we partnered with dairy western western dairy transports that's going to be the call no surprises for a company that is closer to a half a billion dollars this company needs to start making some monumental catalysts okay not the stories not these meet and greets not these expos where they go and they sit with a bunch of morons minus the chevron rep who is there who don't think that fossil fuels are going to have a place 10 years from now that somehow we're going to do away with all fossil fuels and that somehow we can just create electricity out of our ass without the compliments and the coal fired reactors and somehow we're just going to upgrade the entire world with nuclear reactors and that's going to somehow power our future a little bit different tone this week guys again i didn't have a whole lot this week but i certainly wanted to discuss perhaps maybe and touch on the tone of the investment right here bottom line you we're going to have to weather the storm as tough as it is and as tough as it will probably continue to be based on the rut that highly on has defined for themselves i would just say pitch a tent and enjoy being in that rut for a while if we're going to be in that rut for the remainder of this year enjoy i'll cook some hot dogs with you over an open campfire if we're going to continue to enjoy that rut because fleets are slow to adopt great no problem i can go i can hunt okay and some of you guys may be good trappers we can trap some things in our rut so that we can survive and see this thing too what i feel is a potential for something so keep on keeping on with regard to the hope that highly on has driven all shareholders into oblivion in understanding that just one month ago based on hype if you had just invested in stock you would have doubled your money 100 tesla is up 100 just a month ago highly on currently sits at $3 a share and it's everything that they can do to absolutely solidify their place in the rut and i'm hard pressed to suggest that they don't deserve to be there at the current juncture until they wake up pull their heads out of their ass and realize that they're going to have to start making some churn in this class 8 space guys i appreciate you turning into the totality of the video sorry about the negative connotation that's just how i feel there was nothing going on we are in quiet period expect nothing from the earnings coming on leave your comments at the body bottom of the video subscribe to the channel if you like the content coming through we will continue to cover this company but i tell you what this was a real this was a real tough one for me to to gin up the motivation first time ever in covering the company and they've been a thread away of losing me for a lot of months i'm on fumes right now providing free help to this company i don't know what else to do if people don't want me to continue to do this product just tell me man say hey i don't want you to do the product anymore highly on doesn't need you i love i've highly on sent me a one liner and said hey ryan we appreciate it but can you please stop doing content on our company i would i would cease this to exist and i would be better for it but i do it for the would be investors out there that i think benefit from the message guys thank you so much for tuning into the message and good luck in your investment future