 Hey traders, this is Tosh. I go by T Bradley 90 in the my invest in club chat general reminder for those who don't know MIC is having a one-year anniversary where bow is going to be trading live in front of our members It's coming up August 17th mark your calendars and as an added benefit to our members The event is 100% entirely free for annual and lifetime members While lifetime on top of that get extra coaching before the event and guaranteed front-row seating While most charged for these events We show our support by making it free again for annual and lifetime members if you are interested in signing up or attending this Specific event DM me and slack T Bradley 90 and or email myself at Tosh at my invest in club comm Now today we have a very special video for you guys every Sunday Matt Chicago trader one of our main moderators in chat Does a how-to series on fundamentals and this week specifically Matt is talking about workhorse, which is w Hks and their agenda While this is just a preview of the full-length video if you want to watch the full-length or any of our exclusive content Then become an MIC member. Hey guys, what's up? It's Chicago checking out here for the weekly fundamental video After last week's I promised that I was gonna do work horse this week. I know it's kind of been out of place since Trump's tweet about it with GM, but I definitely want to go over it kind of my thoughts on the whole Agenda behind it and kind of why the move happened So I guess we can kind of just jump into it. So if you guys don't recall, you know Trump tweeted that GM was gonna sell their Ohio plant to workhorse, which they electric truck maker or electric car maker And Basically what I did was you know the move held up pretty well So that night I kind of do did some digging and read a few articles and definitely Yes, so then someone from the UAW comes out and basically says that in a statement the Union's position was unequivocal GM should assign a product to the Lourdes town facility, which is the Ohio town that it's in and continue operating Here was the also the funny part and where I started to realize it's gonna be you know This deal is likely not gonna get that You know the UAW actually is suing GM for closing down that plant. So You know saying that it breaches Produce a agreement, you know the contract with the workers GM basically said, hey, you know We had 4500 people here the trucks that we were producing or you know, whatever vehicles they're producing there We're not you know high demand probably lower margins. I'm just gonna go out on a limb Company has about 65 million Outstanding shares the floats before the move was 56 million Now there's a ton of warrants. So the float if the warrants were all exercised It'd be closer to 80 so again on May 1st was about three and a half million dollars in cash, you know All these warrants could exercise. They have a lot of warrants. They can raise, you know, 30 35 million dollars They're burning a couple million dollars a month. So I mean obviously look at the cash situation They're sitting on fumes before this move and you know the revenue So they have a lot of I think the stock was at 90 cents before it moved and Lot of overhead at 182 three dollars and for three dollars and three cents to be exact so It's a lot of delusion like I mean you think about 23 million shares But you know where the flow is 50 million or 60 million outstanding shares like That's 30% delusion like it's a lot, but at the same time percent twice. It's not Hey traders, this is Tosh I go by T Bradley 90 in the my investing club chat Just wanted to reach out and say if you have any questions about MIC Joining MIC maybe you're a member already you have three ways to contact myself personally and through MIC You can hit our social media You can hit me through pms and chat or you can contact us through my email at Tosh at my investing club calm That's TOS H at my investing club calm I will get back to you in a timely manner And I'm saying this because I'm here to help and I don't want anybody to be afraid to reach out and ask any Question that they have we are here for you guys. All right. See you guys