 This is crazy. What's up, money geeks, Mr. V here. Welcome to another video, guys. So in today's video, we are gonna talk again about another EV car. I mean, like EV manufacturer. It feels like every week we're talking about one of these EV manufacturers going public. In this case, we're talking about a canoe going public through merger with Hennessey Capital Acquisition. So they plan on taking this company public, I think towards the end of the fourth quarter. So before we actually jump into looking at canoe and their business model and everything, let's talk a little bit about what's happening. So this year has been a crazy year with the pandemic, with COVID. It made people, businesses getting shut down, people staying at home, and then people walking around wearing masks. Your business is where you can't go in if you don't have a mask on and people are getting kicked out of businesses because they don't have their mask on and stuff like that. It's just been a crazy year, but the EV car manufacturers looks like they've actually found an opportunity to get out there and go public and make some money or just raise some funds to kind of take their vision to the next level. So in this case, canoe is no different from what we're seeing with all the other guys. I mean, again, you're talking about a lot of them have a concept, but they don't even have a car yet. They haven't really started driving their cars or have some really actual good prototypes that people can see on the streets. They don't have that. So again, with the excitement of the market, with people looking forward to a lot of these EVs cars, I can see why most of them want to get public right now, raise the money because everyone that goes public kind of raise money. Look at Nicola Modos, like he went public with the merger and I mean, squeeze all the way to about $90 even before pulling back, but all the way to $90 a share, that's insane. We're talking about a company that only has a concept even without any prototypes on the street. So I mean, I see why most of them are doing it and going through acquisitions because it's faster than actually doing an IPO which might take a little bit of time to go through. And then with an IPO, you have to really do some details about showing your finances. And they mean there's a lot more work with the IPO as opposed to going through a merger. So that's my take on it. So let me know in the comment section, what do you think about the fact that this year has been crazy for EV manufacturers? A lot of them go in public. For just a few that don't know a little bit about Canoe, so this is another electric vehicle company that's gonna go public through an acquisition with Hennessy Capital Acquisition. So I mean, the deal here is slated that it would cost about one point. It formed a billion for the acquisition which to me for a car that is basically a concept it hasn't sold anything. It doesn't really generate any revenue. That's a lot of money to just put out there. But again, if you don't do it, you're not gonna know what the actual benefits are gonna be. And if this company doesn't match with them, guess what? This is another spot company that is gonna really jump right in and scoop these guys and just take them and take them public. So again, like I said, this is the presentation. I'm just gonna go through it here real quick with you guys. I say, hey, this is what the concept or the cars look like. They call it better. So this is the first one. There's some pictures here. The inside is a little bit unique. And look at that layout. So this better is the first one here, the car version here that's coming and then you're looking about Vans. So we took the first one, like the one that looks here. The first one, I think, is that's the B to C. And then the second one here is, I think that's the C to, no, C to C. I'm gonna have to double check that. But today have this other model here, which is a Vans. So that would be B to B. So again, here the details, the deal here is gonna be about $1.84 billion, which is crazy. And then the transaction expected to close in Q4 of 2020. So that's not too far away. And then this is just some numbers as far as what their expectations are. So I'm gonna go through here. And here is the one thing that I really wanna see here that's a little bit different from all the other manufactured guys, is your business model. And here is what they are trying to do that stands out, see if we can go. So if you look at this here, summary number three, point number three, the unique subscription model. So think about this. So you have, this is, and this is again, more of a service. So you have people subscribing to, let's say Netflix, Amazon Prime, and all the subscription models where you can leave whenever you want. You don't really have to worry about the hassle of anything. You don't have to buy maybe a server or anything and put it in your house and maintain that. So they're trying to do it more so for urban people that don't really wanna worry about oil change, tire change, just generate car maintenance. So you have to worry about parking and all that good stuff. They don't wanna have to worry about that. So their business model, in my opinion, is a little bit unique compared to all the other ones as far as the subscription base. So you subscribe on a monthly basis. You pay them a fee, they take care of everything all you have to do is just drive the car and that's it. So here is your management team. If you can see here, they have a lot of people that work at Tesla, SpaceX, Ford. I mean, it looks like they have some really good resources here. I mean, again, that I'm seeing. I mean, if you can look at it, they are bringing in really good talent, which is good. So again, this is just the company of a view here. This is, again, their model is something that they plan to put out. They don't have this, they have a prototype of their better that's about it. All the other ones are gonna be coming up here pretty soon. But I mean, it's a very, very young company. If you can see here, launch in 2018. So this thing is basically two years old. Man, it's interesting. So they have their B2C model and their B2B model. So B2C is the subscription base model and then B2B is kind of like a van or delivery truck model, which I've seen here. So let's go down and take a look at what you're seeing. So this is a little bit of their history. How they've gone for 19 months to better. And then we have our 13 driving prototypes. Okay, 32 better properties in 50 plus crash test completed. That's not enough. But I mean, 50 plus is a good start for a company that I think doesn't really have anything to show as far as revenue. So this is some of the reasons why they're giving, why you consider them different. And again, from what I learned from the CEO on, I think he was on CNBC. So he was saying the design of their B2C model. So what you see here on the screen is B2C model is set up so that they can go to autonomous vehicle with just a quick update, just like that. So if you see the car, the way it's structured, if you look at here, the B2C model, the way it's structured, you can't really tell the front from the back so that when they go to autonomous vehicle, it's easy for them to just adapt. Because you can go back and forth. They don't really want to have one site that shows like the front of the car. So I mean, hopefully that is something that works for them. And again, this is a subscription base. So if you can reach this, there's no commitment subscription program that includes a vehicle and other services bundling into a single monthly payment. Again, guys, this is a complete different business model that you would see from other car manufacturers. So you subscribe, you get a car and some other services at no cost to you. Okay, so here they're thinking of their first, first go around would be about 2022. That's when they'll have their first delivery. And I mean, that's a long ways from now. And then their B2B, that would be in 2023. So as of today, they're working on their engineering and their proof of concept and your prototypes and stuff like that. Yeah, so this is just kind of some information. Let's go down. So again, look at some way they plan on heading into the future. So, hey, this is their base right here. And then this is the first one here that looks like a box, I don't know what that is. But that is the first one they're gonna put out. They call that better. And then subsequently put out their car and then some kind of a pickup truck and then their delivery truck and all the other ones that you see here. So it looks like they have a range of things that they're gonna have to work on there and talk about collaboration with other companies. So this is their offering right now that again, like we talked about. So they have the B2C lifestyle vehicle, which is what you see here. And the inside is a little bit unique, more spacious and allow people to be able to function while the car is moving and driving because there's so much room. Then just the range is about 250 plus miles, which the model as on Tesla bits that by a lot. And then also to talk about their B2B delivery van and then the B2C sports vehicle. You can see here. So again, this is a huge concept. We'll see. More and more millionaires like to live in the cities. They don't like to own a house. They don't really like the dependency or the tying down of property that we, most of us have like you have a house, you have a car and stuff that you have to worry about if you have to move. So if you lease a car or you have a subscription, you can just probably leave your city and go to another city and hopefully your subscription is works throughout the entire state. So that's something that you want to take a look at. So again, significant opportunity exists. So this is what, this is a problem that they're trying to solve here guys. And remember here in the channel, I've talked about the three things that you want to look into when you're investing, right? See if there's a problem that is out there and these companies are ready to address and solve this problem. So I think that is, to them, they've seen that people don't want to, millionaires don't want to own cars and have them. So they do a subscription base, you drive it in, you have to worry about anything. So that's the inside of the better car. This is what it looks like, so, so spacious. So at this point, from what I see, the car is not going to be fully autonomous just yet, but they plan on having it be fully autonomous if need be down the road. So that's what the CEO said on CMBC. So this is the development timeline. So August 2020, selling and manufacturing and stuff like that. And then they've actually done their prototypes and they have the vehicles ready. And then Q2 of 2022 estimated that's when they plan on start putting stuff out on the road. So, B2V delivery vehicles in, hey, and you can see all this stuff. That's about it for this. I mean, there's a lot of information here in the presentation and I'm not going to bore you guys with it. This one right here, I do like the look of this one as it doesn't look as bad as the other ones that I've seen. So yeah, it's a complete different design, which I'm interested in that design. I love it better than some of the other design for electric vehicles that I've seen out there. So as you can see guys, this is a complete different business model. I mean, the subscription base, that's new when it comes to cars. I mean, people do these vehicles, but when you lease a vehicle, the responsibility of the vehicle again is on you to take care of it and maintaining and do all that stuff. So here, subscribe. Again, they do all the work for you. All you have to do is just drive the car and pay them a monthly fee, which I think there's a business for this. I don't know how quick that's gonna pick up, but we'll see, you never know. By 2022, 2023, 2024, a lot would have changed as far as, you know, culture and the things that we want and technology. So hopefully this is something that it's gonna excite them, but as of right now with that price tag, the acquisition and everything, should you buy Hennessy Capital Acquisition in preparation for this? I personally, I'm gonna hold back on this. I'm not gonna jump into this one, just because I've already invested a lot in some of the EV stocks that have come out. So this one, I'm gonna take a break on this one and watch from the sideline, in the fact that their timing is still way out, they talk about 2022, before they have a first car on the road. I don't have that kind of money to just put there and watch it sit until 2022, to actually see someone grow it. Let me know what you think about this. Do you think this is a great model as far as a subscription base? Or do you think, hey, Mr. V, I'm done. Tesla is the leader in this space. I'm just gonna invest in Tesla and forget about all these other no-names out there. Again, if you're new to the channel, talk about how to earn money, how to save money, how to invest and build wealth. So if that's something that interests you, go ahead and hit that subscribe button and your notification bell so you don't miss out on new content. 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