 Hi, this is MXUX. This is a preview. Some items you can take into consideration before the Q4 Lordstown Motors earnings call Q4 of 22. I believe that's going to be on 227 after the bell. I'm going to start out with just a list of items. I'm going to go from one by one pretty quickly, then have a few video clips of some recent press and other things that are going on regarding possibly what's going to happen with Lordstown Motors. Pretty positive on everything. I'm just going to start out real quick with this is a patent filed by Ford Motor Company for Hub Motor BEV propulsion on a solid rear axle. Mind you, this is what Lordstown Motors has used from the start. Ford is coming around. I think they've realized they're behind the curve on this. This is a second piece that is just a study about the growth of the application of hub motors in the BEV space. Now, I think both of these stories are important because this shows you that Lordstown Motors has a Tesla-like lead in the application of hub motors to battery electric vehicles. I think they're going to hold that lead and I don't think anybody's going to catch them. I just wanted to start out with that real quick. Let's move on. All right, this is the Q4-22 earnings call taking place on February 27, 23 after the market closed. I'm just going to go over this quickly. This is a pre-call. Some items we can take a look, watch for in the presentation. CIFAS approval status. Now, the CIFAS approval is required for the sale of the stock to Foxconn. A lot of things hinge on this. I think it's also a keystone for them kind of formalizing their partnership agreement. You can look at my past videos. There's a lot of information on this. It should not be a problem. The sale of the plant was CIFAS approved. The thing is it may take longer than we like, okay? But hopefully the status they'll give is that that has been approved, although we haven't seen any SEC filings to that effect. So that approval and the formality of that approval is something we want to look for and a lot of things hinge on it. Now, we have the Delaware stock lawsuit. Again, this is filed by a law firm that has been doing this. It's a short attack. It's a technicality regarding the voting, the way the voting was conducted. I have down here, you can take a look at, by the way, you can pause this and read these entries yourself. I believe Lordstown did a belt and suspenders thing where they did a revote that addressed the issue they brought up in this just to cover themselves. I'm not certain on that. Do your own DD. In any case, this is designed to slow things down. The judge granted a motion to expedite the hearings. I think that indicates that he's in favor of Lordstown Motors. I think generally they don't like to rule it to hamper these types of things, but we're going to want to know that. So CIFAS, the Delaware lawsuit, you know, the other legal issue is the workhorse, the cancellation of the workhorse agreement for intellectual property transfer that gave workhorse a fee for each endurance produced, I think, up to the first 50,000 trucks. That is pending. You know, this, the suspension was developed while the truck was at Lordstown Motors, the control system for Lafay Motors, everything of any meaning has been developed after this truck left workhorse. It was basically a prototype of workhorse. We're there working out a lot of bugs. They're, in my opinion, the one thing that may have held true would be the body design, and I believe that Lordstown Motors under Hightower has redesigned the body for a five-star safety rating. I don't think they have any grounds for this. I think they're probably going to win that, in my opinion. You know, workhorse has been, in my opinion, hostile to Lordstown Motors. They did a stock sale of stock they got as part of this technology transfer, and they did it at a very inopportune time for Lordstown Motors. It hurt Lordstown Motors stock price, and it did not benefit workhorse that much. It only supplied a very small amount of income, so I don't know what the motivation was behind that. I don't know if they were carrying water trying to get a more favorable decision regarding the postal truck issue, but anyway, I think this lawsuit against workhorse really puts a nail in the coffin of that relationship. So anyway, a couple legal issues to look for. Now, we got the LMC balance sheet and the cash and the debt status. They've gone a little debt. My estimations, and I'm not going to pull up the spreadsheets and so forth, but my estimation was that they will, they certainly have had enough cash on hand to get to this quarter. And the Yaw Associates, Yorkville Advisors, Fox, the stock for cash credit line was canceled last year by Lordstown. So what we've got now is we've got Foxconn, and I've mentioned in my past there's a lot of provisions around this stock. Let me go through them quickly if I can remember them all. Lordstown Motors has agreed not to be acquired. They've agreed not to do anything with their hub motor stuff. Foxconn has agreed not to acquire them, and so on and so forth. You can look at my past, the video titled Hodler's provisions. So we've got Foxconn, and again, some of these monies have been passed forward. I do believe, again, Cephas is a keystone to them getting at this level of ownership and so forth. I could be wrong on that, but I feel confident there's not going to be a problem with this. The Foxconn ownership is ultimately going to be 24%, but it's a complex financial deal. We'll see if they talk about it during the earnings call. Let's move on to the next section here. Will there be revenue from engineering and design services? This is a big question I have. I have, or could be a surprise, the IDEV-1 is under development. I believe Lordstown Motors is doing the engineering work on that, and I think Ditto for the Monarch tractor. And as I have down here, Foxconn, you know, they've been announcing, they have six vehicles planned, and Model C, Model E, so on and so forth, the truck. Now, this is a question I have in my mind. Foxconn has agreed not to compete with their customers. They released the Model C in Singapore, I believe, under a Luxgen brand. Will these six or more BV models planned for launch, are they, the Foxconn models, are they going to be launched under the Lordstown Motors brand? So there is a distinct, this is what Foxconn has done with their Model C crossover, I believe in Singapore. It's not branded Foxconn, it's branded Luxgen. So will these be built branded as Lordstown Motors vehicles? Under the old agreement, the joint venture agreement, the answer would have been yes, and it also would have been that there was money, they're going to be sold under the brand, and there's going to be money made, and that Foxconn is going to sell the endurance worldwide, and it's going to be a cross pollination there of income and branding efforts. This is all, again, we had the joint venture, which has been done with. They have both parties have nullified that. Now, if you watch the last presentation from Hightower, he's moved on to saying pure partnership. Again, I think the CFIS approval has to take place before they can get too specific on that. I am not a corporate lawyer, do your own DD on that. So there's a lot of things hanging fire here, a lot of developments that I think are going to come through. I have down here, perhaps the most important is the mid-size urban BEV pickup truck announced at the Hanai Tech Day. That is a great vehicle, that is something everybody wants. That it has been stated that will be built in the USA, perhaps other places too, but in the USA and sold in the USA and other places as well. So that can only mean that Lordstown, the Lordstown plant is involved, and I am sure that Lordstown Motors will be the engineering and design firm on that. What they presented was a prototype. Whether or not that will use hub motors, the prototype did not. Could this new vehicle use pop? It could, if they wanted to do that. So is there going to be, I mean, in my personal opinion, there's a lot of work going on behind the scenes, I think, or planning or program management. Whether they have an agreement to do this as part of this stock sale, I'm not sure, but I think this whole basket of things here might be producing some revenue or should be at some point in time recognized by Lordstown Motors. Of course, they've been, they've passed their joint venture agreement and now they need a partnership agreement to do this accounting, I'm sure. But something to look forward to, is this going to happen? Will Scout, and I have Or Ford, I don't know what the German term is for having joy in other people's pain, Will Scout, VW Scout, Or Ford possibly, announce a LMC Foxconn BEV. There has, the thing is, for that Scout to qualify for U.S., the IRA tax credits, it has to be made in the United States. I did a video, several videos on this, the obvious choice is Lordstown Motors. There is word that they have been talking to Lordstown Motors. This is a vehicle that could be put even straight out on the endurance platform. Is this going to be announced? Is Ford, and I'm, I have no information on this, but I'm just going to give you a perfect example here. Could Ford produce a mid-size or a small-size urban pickup truck with hub motors, sold under Ford branding, built by Lordstown Motors, a shrunken endurance, if you will. That's conceptual, again no evidence of that, but this is another idea. Now right now we have the Lordstown Motor products and I believe the van is going to be the next product and the pickup truck we have right now, at some point a three-row SUV. We have the six Foxconn models, we have Monarch Tractor, we have IDEV, and we have Fisker. Rick Reich said at a more, not a private, but off-camera for a news piece that when he was talking about the developments that are going to be taking place at the Lordstown plant, they're putting in housing, they're going to put in housing, there's going to be university extension on the plant grounds. He said in an interview, they may have as many as 20 corporate clients for their services and now it's open to some interpretation, but that could mean better electric vehicles if Nissan or any of these other Toyota, any of these other companies that do not have a plant in the United States want to qualify for the IRA tax credit, which are going to have to get to be competitive, they're going to have to build their product in the United States. Now if they don't have a plant, they can contract with Lordstown Motors slash Foxconn to build their vehicles for them and sell them in the United States under their badger. I think this is a distinct possibility. Anyway, we've got, I forget at one point I told it up, but there's a lot of potential customers for these design engineering and manufacturing services and I think the IRA agreement really is a plus for this business model. So again, Scout for Neovagy has been saying they're going to have a partner of some type, a product partner. Let's see if that comes out, that's exciting. We have a ramp up of endurance production, which is supposed to start next quarter, I believe, and which is, you know, not that far away, could already be underway. We already have sales taking place of the endurance that sales had to be made to qualify for Truck of the Year and there have been a small number of sales and I do believe some trucks are out there. In any case, the production ramp is imminent. There may be more sales to fleets than we know of. Let's see what Hightower has to say about the timing of the ramp. Has there been delay? I mean, funding is an issue. CIFAS is a keystone to that funding. Will that slow the production ramp? Will that slow the sales? Will there be revenue from sales? Will the MIMU are more revenue than we think? I just want to say, you know, especially with the recent troubles with the Ford Lightning battery fires. That is going to make a lot of fleet owners and general public pause. The Lightning sales are already basically slowing to a trickle because of that and the 40-degree battery problem. You know, the R1-T, I believe they lose $160,000 on each truck. That truck is overly complex. And by the way, if you just do a quick search on YouTube, there's a myriad of problems with the computer system, with, you know, the truck breaking and so forth, as well. If you look at the underside of that truck on the front end, I couldn't believe this. There's an aluminum, I think it's a not forging, but extrusion subframe for the front end. There's seven pieces joined together in one giant one. It's a hand weld. I don't get it. Anyway, I don't think either of these trucks right now are viable. So I think what we have left is the endurance. And as they say in the movie business, people like to be surprised in a familiar way. The endurance is a familiar pickup truck. I think this is the Everyman battery electric pickup truck that the United States has been waiting for. And of course, the fleet sales are going to take place first. But after that, I think that the endurance and I think they're going to work out any issues. And there seem to be none at this point. I'm sure we would have heard about them if there were. This is I think the sales of this truck. It qualifies for all the tax credits. It's made in the USA. And also under the joint venture agreement, not under the partnership agreement we're having now, I haven't read any terms. I don't know what the terms are. But under that agreement, Foxconn was going to take the endurance and sell it worldwide. So in other words, the North American market was going to be Lordstown Motors market for the endurance. And that includes Canada, Mexico and the United States. And Foxconn was going to sell it in the rest of the world. And they were going to pay royalties to Lordstown Motors on the sales. I think that could very well take place. We're probably getting ahead of ourselves. They have to ramp up production. As you can see the ramp, look at the ramp of the Cybertruck. I don't know how long have they been working on it. Two years. They're not even ramping yet. But it takes a while to ramp these production lines up. I think Lordstown has an advantage because it's got a much simpler truck. And we do have a competition potentially from the Cybertruck. But I think that's a whole different class of vehicle. And I don't think you're going to be able to buy a Cybertruck. We don't know with the new pricing of Tesla. Maybe I'm wrong. But I think the cheapest Cybertruck is going to be $100,000. But anyway, let's talk about potential sales of endurance to fleets. Let's talk about revenue. Let's talk about ramp up. Let's see what was said about all these topics during the call. And I'm just going to read this paragraph. LMC Foxconn is a sleeping giant in my opinion. Jack Chen at CES. We're waiting for everything to be hunky dory. So FoxMIH is setting up supplies and supply lines not only for the endurance but for the other customers and the likely six Foxconn BEVs. Likely to be launched from Lordstown in my opinion. This is their plant. These are their vehicles. Why would they launch them anywhere else? And it has been openly stated some of them like the truck are definitely going to be built here. It's my opinion that they will open up this business all at once as soon as they are ready in a big way. And I have quit there. That should be quiet, quiet until then. So I think there's a lot of work going on behind the scenes. I think Jack Chen from MIH said we're getting our ducks in a row. They are working out the supply lines. If there are as many models potentially to be made, there's going to be some complex supply line things going on here. That is the Foxconn end, the Lordstown end. Lordstown is doing the program management on all these vehicles. And they are going to start from a concept and take it right up into production. And they're going to design the production. And by the way, at least part of the quality control is going to be done by Lordstown Motors for manufacturing. They have one of the best UC guys in the world has been hired by Lordstown Motors. So there is a lot of talent here. There's a lot of activity here. I read other analysts commentary on this. I mean, it seems as though no one has done a millimeter of depth of research into this company and what they're planning. And I mentioned in my last video what a powerful company Foxconn is. I think I am personally very bullish. I'm bullish on this business model. I think it even with the IRA makes you more bullish with the Ford battery fires. Don't mean to have that sure in France or whatever that term is the German term for being happy at someone's misfortune. But I don't know. I think if you're a fleet manager and you bought a fleet of Ford F 150 lightnings now could cost you your job. So I think it's looking good. We've got finance. We've got CIFAS. We've got a couple legal things. But we've got a battery electric vehicle that works the first of its time type using a hub motor technology and I later have some research on hub motor technology. You can understand Lordstown Motors owns the IP to run those things. They have written the operating system. I mean, they are bleeding edge on drivetrain BV drivetrain. No doubt about it. Absolutely. So this is MX UX. Those are a few things you can play this back and pause it and read these paragraphs. Just a few things before the call to look for could be full of surprises. I'm expecting a positive call. Funding is an issue. But I think we're looking at funding maybe slowed. But I don't see any major issue right now. And I think there are so many things in pipeline here. Anyway, I'm bullish. I'm not a financial advisor, corporate lawyer, engineer. Do your own DD. And this is all my opinion. All right. So good luck in the market. I have a few more pieces. I don't know if they're going to go before or after this presentation. Just some updates on some current news, which is very interesting having to do with the Lordstown Motors. Good luck in the market. Okay, this last piece is on Honhai. And Foxconn is sponsoring the local Lordstown area, local minor league team, the scrappers baseball team. Very, very popular in the area. I think this shows that Foxconn is there for good. They're becoming part of the community. And they're a bunch of good guys too. Just closing this out. I want to say I'm not a financial advisor. Right is a high risk in risk on investment. However, there is risk involved. You got to accept that risk if you're going to invest in right. But I just want to say, the recent commentary I've been reading is so off base on this company, on Foxconn, on the Foxconn business model, it rises to the level of propaganda. I have not yet read one accurate analyst or other commentary on this company. I think we can all wait to hear how positive I believe this call is going to be. But I think if you're going to hold this stock, you just have to be positive. And you have to just forget about the press because it's just not right. You have to do your own research. Please do your own DD. I think you'll agree with me.