 Welcome back to the Independent Investor Channel. It's easy to get caught up in the recession in specific stocks, especially this one. It's difficult to keep your eyes on the prize. It's difficult to focus on company improvements, company successes, and it always is unfortunately overshadowed by the stock price. The stock price, I think there's a lot of decisions going on right now based on that. I think a lot of positives that are with the company are unfortunately over shadowed by the current stock price just hanging out at these levels. My purchases last week came at around the 116 level. I disclosed that and no promises to suggest that it can't go lower. If it does, I'll be accumulating more shares. I don't expect you to follow my lead. I expect that after this project is all well and done, I would imagine that the few who have been brave enough to follow on this journey will own a company that is looking to revolutionize the class 8 space. Now, can they do that? I think the theme of this video and where I want to take your perspective on where we are right now is something that I think is being missed and it's being missed in a big way. If you pay attention to investing from the investors that really don't follow the crowd and focus on soft spots in the market, we currently have one alive and well right now and nobody's talking about it. You can blame highly on all you want for a recessed stock price, but might I remind you that the microcap space in general is and has been thrown out for a long, long time. There is no credit whatsoever, which puts these companies that where they would have needed time and would have been provided that ample time in the market in a different market, let's say the latter half of last decade, they are not being provided that favor and companies are being reassessed in the marketplace. Some, if not most unfairly, some fairly and I think this washout is super necessary. I really do. I think it's necessary for those who maybe thought that investing was a game, for those that thought investing was easy, for those that misconstrued their own capability in the financial markets. For me, calmly marching on and I've shared this, I shared it on my Friday livestream. I feel no different now than what I did before outside of the fact that I am super, super excited to be where we are now with the prospects going forward as opposed to being disappointed about where we have come from. I really want you to take that to heart. I really do. And as we work through this video, I'm going to show you that I believe we are marching toward multiple catalysts and I don't want you to take my word for it. I want you to kick over to highlyon.com and look at their last 11 slides or so that they presented on the Q2 call. It has this information disclosed and I find this interesting because a lot of people are saying one way or the other that they're not going to do this and they're not going to do that, they're not going to do this and they're not going to do that. When all the while, highlyon is very, very carefully and diligently communicating with their investors through these releases on what they intend on doing. Now, one thing I didn't mention on last week's video, I will clean up this small delta from the release. It was in the interview actually with JP Morgan. Thomas Healy was being pressed on MSRP and Thomas talked about, look, right now we feel comfortable with releasing a less than 400,000 that's with the credit and incentive baked into the equation for the MSRP. And he did allude to the previous projections being way off. And it was the first time that I had ever heard Thomas Healy talk about what was being projected back in 2019, 2018, 2020 when the original investor presentation came forward. And I don't know if anybody else picked up on that, hopefully that they did, that that was kind of an acknowledgement to making presumptions about where they would potentially be with the MSRP and not anticipating such a huge shift in the industry as a whole and how we would be looking at the supply chain issues and the effects over the industry here in 2023 to affect that MSRP. That was a careful but responsible acknowledgement. I was actually happy to hear it because I've been scrutinizing on that data that was released. And I was glad that that was kind of acknowledged about that might not have been the best way of doing it for the reasons that they really didn't have a whole lot of understanding of when the ERX could potentially come to commercialization. So I thought that was a pretty cool acknowledgement. And I thought that would share those insights with you guys on the weekly Healy on video. But the theme of this video is going to be expect the unexpected. And you know what's funny about unexpected is everything that I am going to talk about is not presumptuous on my part. It is as disclosed by Healy on and I am conveying that through the message here with my following. Now, before we get started, I kind of want to set the stage a little bit for who I am, what I bring to the table, why I'm doing this project and why you should join the movement here on either the independent investor or become a steward through Healy on comm sign up for their newsletter really become kind of a steward of this. I think there's multiple things here at play. I think there are cross currents that are probably fighting this initiative. I think that the slow to evolution is probably a partially manufactured in that I think if Healy on were just to come out guns blazing right now, I think they would fall on deaf ears anyway. So a slow approach and allow things to kind of settle out which in my assessment things are kind of settling out a little bit more, at least on the supply chain issues. I think interest rates higher are going to be around higher for a good while. I think the ability of Healy on to really circumnavigate this environment now and not have to aggressively seek out capital from a necessity perspective rather than an opportunistic perspective is huge right now in the short term. And whether or not that's going to pay off, I'm going to talk about that in a little bit with regard to their caste position, but I really want you to understand that expect the unexpected means that there are disclosed catalysts that by all nature is going to happen. Okay. The reason I disclose that is because we are now sitting on a stock price that is priced for liquidation, priced as a company that will not make it, that will not continue to enjoy further progress on their products, will dissolve away and is now currently caught up with the mix of companies that for all intents and purposes over 90% do fail. And I think with these looming short term catalysts, I think you're going to find here that we are on the precipice of at least having the doors open to a number of these different developments with the company. Look, is it going to change the needle? I don't know. I'm not in that business anymore. I never was really in the business. My price targets for this company have never changed. I believe that the first look on this company is going to be about 150% above its SPAC IPO price of $10 at $24. I think with the evolution of the company and adding Carnot into the mix only adds that many more hundreds of millions of dollars of value now in the company right now, not with even the prospects of incorporating the revenue that the company can generate from the Carnot project because that was information that we were not privy to at the inception of this project. But what we do know is fleet trials will start in Q3. We are currently in Q3 now. We are in Q3 now. So the last announcement that Hylian announced was from the beginning of the month that they reported on Q2 earnings. There's been a couple of really nice pieces and segments with Thomas Healy getting out there sharing the story, which I think is good obviously not to move the needle and not to be expected to move the needle. We need results at this point and there is certainly an undertone of calm cry in the community that results are going to be the only thing that moves this needle and then all fair. Like I said at the top of the program, these companies are being put in a basket of prove it and until they can prove it, they're going to remain in the basket. They're not moving from that basket. They are going to continue to deteriorate in value until they can prove that they can rise to the top of the basket and escape from that basket of stocks that have really historically been provided a little bit more optimistic credit as opposed to where we are now in a prove it story. But fleet trials to begin in Q3, is there going to be no news that comes from that? Is there going to be no... I had one comment on my last Hylian video to suggest that it would be cool to see the deliveries of those first ERXs made public. I don't know if they're going to move in that direction or if they're going to keep it private. I really don't know. I don't know if they're going to be reporting out or if the relationship between Hylian and the recipients of the first fleet trial vehicles are going to want to keep that information private. I don't know, but it's going to happen. However way they choose to roll out this program, I know it's going to happen and it should be a positive catalyst in moving toward what they are considering to be commercialization later on this year. The next is to deliver 30 trucks by the end of 2023. We're in August almost to September here, September, October, November, December. We have four months left. Four months. For what? The stock to get cut more in half? I don't know. I don't really care. But over the next four months, I expect the unexpected. And the unexpected is results from this company in way of delivering 30 trucks by the end of 2023. If you think that that's somehow a misconstruence of the fact or a presumption on my part, this information is coming right off of Hylian.com website and they are setting up to be in the position to say, see, I told you so. We declared everything that we were obligated to provide to you and no more in the investor's presentation as well as the summary slide show that was presented on Q2. It's right there. Now, again, I come back to this beat down and probably shared sentiment across the Hylian community in suggesting this. Will it move the needle? Probably not. Now, am I being unfairly presumptuous in that? Of course I am. But the perspective that you have to come with in the investing landscape is to identify the best case scenario and the worst case scenario. We have been doled out the worst case scenario over the last three years. Why is it fair to expect that somehow it's going to change on a dime and start to become positive when the company has rolled out a lot of positive initiatives over the last three years? It hasn't been what the markets wanted to hear. It has not moved the needle. And so why is it to expect that more of the same is not going to move the needle? A reaffirmation for me of what was declared previously that's been completely removed from their website is a reiteration of some of the old deals that were made with some of the fleets. Have all those deals just went away with Ruan, with LeFarge, all of those deals that they've made with the Innovation Council, Wegmans was in the discussion, Schneider was in the discussion, ANG was in the discussion, Agility, I can go on and on and on and on. And this is their opportunity here for us to get some clarity on whether or not these are a mix of new customers, a reaffirmation of old customers or if the old customers have gone away based on the recalibration of the MSRP and just have kind of died and gone a different direction and or these 30 are all brand new customers that have been brought into the fold. That's going to be a real tell for me because a lot of the hype and a lot of the build up is to understand the excitement behind who that Innovation Council was and how that Innovation Council was basically partnering with Eilion through these fleet trials and rollouts. And that has been removed from the website and I don't know if it's a thing or not. We talked about this Founders Program and White Glove Garbage. The only thing that I really care about is who's going to get the trucks and who is going to help provide data back on those trucks. We have not heard anything about that. All that aside, it's going to happen. I believe that there are going to be 30 deliveries by the end of this year by what they're stating. Could they push it? Yes. Is it going to move the needle? No. Back again to sharing with you my insights about having really level expectations about these catalysts, albeit in the face of me disclosing to you that I believe that those catalysts will happen. And with each new door that's opened up, it should open up further opportunity into next year for some of the longer term projects that Eilion has. All right. The Carbon EPA is expected. This is right off of Eilion's website. They expect to nail down that certification. I expect the finalized certification announcement to come any time. Now, any time, does that mean November 15? Does that mean September 6? I don't know. I don't know what they mean by expected. I know that it's expected within this quarter. I would presume it would be nice to have that Carbon and EPA NITS has already completed. Those three certifications would like to believe that we can get those completed and put them in our rear view mirror because now we're working with a commercially viable product that has gone through the rigor of over-the-road certification. And that right there in and of itself should separate the gray matter to black and white in understanding that is there a chance they could fail certification? And then the project, what? Is just a pilot program or it dissolves away all of the money in R&D that goes in? I don't foresee that happening. But I'm just stating, have I thought that the certification has taken longer than what it should have or could have? Or did I wish it was certified six months ago? Sure. Sure. That's just not where we are. All that aside, we look at the facts and we look at the Carbon EPA is expected to happen over the next couple of months. My promise to you when that is going to be, I can't provide to you, however, to be expected. And is that going to move the needle? Is moving from a pilot program, the HyperTruck ERX, to a commercially viable and certified product going to move the needle? Again, I would just have fair expectations and suggest that it won't with the idea that potentially we could be positively surprised. Maybe we get a little bump in the stock of 10 cents. So everybody can sell the stock and it can retrace back 10 cents. And we're back at the starting place again, having had the certification not in place prior to the 10 cent bump up and now having the certification in place and having a commercially viable product, but having the stock price still where it was prior to the announcement. Muted expectations, I would suggest? Absolutely. I'm calmly sitting in the pocket and watching these evolutions happen over time and I'm completely comfortable with whatever reciprocation or whatever receipt of those positive catalysts happen and are made over the stock because I really think that these positives may in the short term have an impact on the stock price, but if anything has proved out, it has been that there has been so much selling pressure on any upward momentum that this company has been and will continue to be in a downward trajectory, if not stabilizing trajectory over the last six to eight months to be fair. Right. Very stabilizing. If you look at a long-term chart, you could probably extend that six months to 12 to 18 months of stabilizing at these lower levels, but there are recessed levels to indicate that the stock market believes that the company is actually going to dissolve away. It's not going to exist anymore. I find that to be an interesting observation here now where we are. I'm not going to suggest that that's wrong or right. I am a bull on the company and I believe that some of these catalysts will start to generate some upward momentum, but whether or not it's sustained upward momentum, Hylian is going to have to do something that I'm going to share with you at the end of the video and I'm going to double down right now. They're going to have to start to produce results. This whole fleet trial thing, the investor day presentation, yada, yada, yada, this whole announcing the Heizen collaboration and whatever dollars have gone into investing in that, it's taken up an entire page out of 11. About 9% of Hylian's Q2 call had the Heizen presentation in it, go to Heizen's website and try to find the word Hylian on their entire website. I charge you to do so. I'm getting kind of tired of this reciprocation on behalf of Hylian saying, hey, Anheuser-Busch is on our team. All these companies are agility. Man, they're on our team. They're on our team. You go to their website, it's very, very difficult to find any information whatsoever of these companies. I would nary up presumed that if I were to call Anheuser-Busch and talk to an upper executive and ask if they have ever heard of Hylian, they'd probably say no. I do think this is an unknown story and I think Hylian sometimes uses, if not throwing a lifeline to Heizen at the time, trading it 50, 60 cents. They know each other, so why not just throw them a lifeline here and say that the big bad Hylian is partnering with them, which benefited Heizen. Heizen ran right past Hylian right after that announcement. Hylian did not move at all. So here's Hylian with this anchor of a cash position and not much else. Heizen has sales. Heizen has amazing technology. Heizen shouldn't need help and it's reflected in their website. If you go there, which I did before this video, I couldn't find any type of reciprocation at all in acknowledging that they're working on some sort of pilot program with Hylian. While Hylian's out there running the Heizen rig around the test track, Heizen, at least in their public-facing forum, has not disclosed whatsoever that they are partnering with this company in Austin that nobody's heard of before. So a little bit troublesome for me. I'm not sure. Maybe they end up just blasting through it. Their expectations are down the line. I'm going to talk about the Heizen project and they've got some pretty short-term expectations for that project, as opposed to Carnot. They're kicking to 2026 for the Carnot ERX, which I think is a great idea, but definitely not one that I'm interested now in the short to medium term to actually move the needle. Because moving the needle off of subpar stock prices really should and if not has already put itself kind of at the top of the priority list. I mean, they can have all the initiatives in the world. They can go save the ice caps for all I care. It's not going to matter if the company goes out of business, right? Then they're going to all be sitting in a private company that has been delisted coming up with all these initiatives about how they're saved the world. At the end of the day, they have to deliver product that people want and people have to want those products. They have to want to integrate them and we have to understand that that follow-on business will potentially be there long-standing for Hylian. Are we there now? Absolutely not. Hylian is still struggling with providing that transparency into the future. Now, the transparency is there. It's just the follow-through on that transparency in their roadmaps about how that's going to actually generate top-end revenue and then potentially profit for the company. They've got to follow through with these promises that are being made. The start of production, the start of production happens by the end of this year. Now, again, with four short months, the start of production was one that I saw, I acknowledged. Look, I'm excited about, but my expectations from a scale of zero to 10 on start of production and what I think that means is zero, maybe a one. I give it a one on the excitement scale. One because they've said it and one because we've waited three years for the start of production, whatever that means. But what I think it means is most clearly articulated through John Pancer's address and the financials in that, yeah, they're going to produce low-volume trucks, but they're not going to make a dime on it. Now, the one comes from every truck that they do turn out. There should be some follow-on value that is made, but I focus on the word production. And I always invested in Hylian to be a tier one supplier to the OEM, not to be a producer of trucks, i.e., buying the trucks from Peterbilt and then outfitting the trucks in Austin, shipping them back to Peterbilt. It kind of sounds like, forgive my French, it's a clown show that is not efficient. And I'm certain that the board of directors probably sat across from each and looked at each other and said, yeah, I mean, this is a clown show, but we're going to do it because this is the only way we can do it because Peterbilt really hasn't brought us in under their envelope. I'm kind of piecing together what I've gleaned from what this start of production is going to mean and anything less than coming off of the OEM line for me and very little transparency about the Maud Center, which is supposed to be the intermediary step to getting on to that line. We have been provided very, very little transparency outside of initially, we're going to integrate with the OEMs. And now it's very difficult to integrate with the OEMs, right? So the story has changed immensely to it being just an easy like handshake. And now it's one of the most impossible things you can possibly do. And oh, by the way, don't be surprised if we don't make it. That's kind of the idea that I get. If High Leon becomes a tier one supplier to Peterbilt, game over, game over. Yeah, it's watermelon time. Do I have hopes that that will actually happen? No, not now, not based on the discussions and what is in it for Peterbilt? I could give you a bull bear case on what's in it for Peterbilt. I could give you a long list on both sides of the house. Yeah, there's mandates that need to be met. But why does High Leon have to be the chosen neon green horse that makes those mandates achievable for Peterbilt? Peterbilt has a hundred year reputation and they're not going to tarnish that reputation by going into business with High Leon because High Leon says they're the best leader of powertrain solutions in the industry. They're going to have to prove it. And High Leon's ability to prove things thus far has been subpar at best. All right, now I'm being a little bit scathing here on what they would suggest that the start of production would mean because it's a far cry from what they said the start of production was going to look like when those projections were made in 2020. But here we are, all that aside. The start of production will happen by the end of this year. What that looks like, I have no idea. Will it move the needle on this company? Probably not. It's the same old song and dance, guys. I'm trying to condition your expectations to understand that we are not in hallelujah mode yet. We are not in jump up and down mode. We are in wait and see mode and be very, very careful and calculated with monitoring this company that I believe is extremely vulnerable, extremely vulnerable. They've got a cash position, yes. And that is the very installation that provides them the safety from this current situation from cutting into the flesh. And until that starts to absorb away and we can really get some clarity on what we consider to be positive moving forward, then I think it's just a wait and see game. Now, the start of production and something that I really want to bring to your attention as well, guys, is 10 million. 10 million. It was disclosed from my understanding during the investor conference. Those of you who were there can attest to this. We just came off of a quarter where they were able to generate 255, 235, 200 and something thousand dollars. See, it doesn't matter. It could be three, 400,000. It could be 100,000. It doesn't matter. Why? Because it doesn't matter. 10 million. 10 million matters. 10 million matters for the years end 2023. Now, if we're at the end of 2024 and they're projecting 10 million, we're in trouble. We are in trouble. And I would put about a 16 month, 14 month or so time frame, give them all a 2024 and the remainder of 2023. So 16 months to really get their act together. 10 million is an indication of going in the right direction with revenue projections. Okay. We're not even talking about profit with this company. And I'm just going to make a bold statement to suggest this. If this small company cannot get out of its own way to generate $150 million of revenue, then this project is for naught. It is a waste of everybody's time. It is a waste of material. It is a waste of manpower. It's a waste of initiative. It is a waste of technology. It is a waste of everything we have come to know about our industrial companies. If the onslaught and the attack of this company has driven it so far down that it can't gain any favor in the market whatsoever, then all fair is love in war. Because Hylian was once valued in the billions of dollars on the initial run-up. Do I think it has the potential to get back there? 100%. Will we have the ability to look back on this time now and kind of remember that 10 million projection in 2023 and say, wow, the company is finally starting to proceed toward that billion-dollar revenue mark and finally come to a nice profitability mark, which profitability for the company should come around that break even, 150, 200, 300, 400. Let's just call it 500 million of revenue. 500 million of revenue, CapEx, and starting to expand out on the margins. Yeah, there could be some profit there and some re-fortification of the cash position with the books. I think John Panzer is just the guy to do that. I think he's super sharp. He understands businesses. One thing I will commend both Thomas and John on, I don't sense at all that there is any type of angst. I don't sense that there's a sense of urgency here with this project. It's just we are where we are and I think they're giving their best account of where we are and what I agree with them is being a very, very tough market, very tough market. All that aside, $10 million will be achieved. Now, if they over-achieve, like they under-achieve the last quarter on their quarterly projections, I think that's going to be a problem for the company. I think if they come back and they close out the year at $7.7 million and they say, see, I told you, year over year, sequentially we're up, but we can't project our own revenue projections, I think that's going to be problematic. So they'd better hit the number and I would suggest perhaps maybe that Hylian is probably due for a beat. So if they come in with $12.2 million, I think that will probably be good in consequential in moving the needle as far as I'm concerned. But when they do report the number, it will be actually on the books and not a projection that was made at an investor conference. But all that aside, I expect to be taking Hylian at its word and closing out 2023 with a $10 million bill. I like that. I think it's great. I think when you track, it's funny, you go back and look at NVIDIA when their company first started, their profits were, I think they started with $5 million. I think they bumped up to like $17 million. Then they went all the way back to $5 million. Then I think they reported out a number less than $5 million if I'm not mistaken. And since then, they've turned in hundreds and hundreds of millions of dollars of revenues and profit as well. But you kind of look at Hylian and you think, how much of a pass do we give them as a young company in growing revenue and eventually getting toward chopping down that CAPEX? Me personally, I kind of sit back and I sometimes think about Mrs. Ryan's perspective, what a colossal waste of time, energy, money, initial investment, all of the aboard. What a colossal waste if this company was doomed from the beginning. In other words, wouldn't you think that these guys have a realistic expectation of what they think they can achieve when they sit across from the board who's supposed to be giving them strategic direction? Don't they feel like they've got a better handle on the marketplace to understand that this company actually has a better chance of succeeding than failing? Wouldn't you think that the total addressable market would help kind of facilitate and allow Hylian yet to get out of their own way, which is what they need to do, but also catch a break, catch a break in that I have contended along this way that the Hylian story and the Hylian opportunity in their product is better in the marketplace than not in the marketplace. It's interesting to me some of the schools of thought that would just have this company fail because of what? A stock position that they were hurt on or they think that somehow it's not better for the environment or Thomas Healey's a bad guy. I think the world is a better off place with this company rather than without it. When I talk about $150 million of CAPEX to cover expenditures, that will increase over time. You would expect that those revenue projections to increase relative to their operating expenditures and capital expenditures going forward, but boy, oh boy, like I said, if we can't cover $150 million, then what are we doing? I mean, this is supposed to be an industrial company. This is not a pink sheet company. This company trades on the niece. I think the prospects are there. I think they've been given a really wide swath in the stock market and Hylian needs to deliver. They really do. The daycap variant to meet the ACF early mandate, I think this was a pretty cool initiative. This was the one thing that I put on the list here that I don't expect a lot of progress on. If I get it, I'll be excited. That way they can meet that short fuse mandate that I believe is coming in 2024. You guys can check me if you'd like in California to start to deliver those. I think with the learnings of what has gone on over the last three years should make the daycap variant a little bit more easily attainable. I don't expect that once the certification is met for Hylian that those certifications wouldn't just be a reiteration of the same certifications for the daycap. I don't know. I'm not an expert on the certification process, but I would expect that those processes be a little more streamlined and I would expect that the daycap variant actually to be an easier build. I don't know if that's a fair statement or not, but I often said, I said this many, many, a couple of years ago actually, and for you guys that have been with me a long time on this Hylian community, I will double down on this. Hylian one year from now and five years from now will be a completely different company than what we are evaluating now. Make no mistake. Making your presumptions now based on what you know about the company is only making assessments or projections on where you think they will end up. And if nothing else Hylian has proven their ability to come over the top with things that were not expected, the daycap, Clarno technology, the collaboration with Hyzon and integrating a fuel cell and actually grabbing that market right there, those things were not expected. Those things were not, we were not privy to that in 2020 and 2021 when this company started and embarked on this journey. So I'm reporting out to you now on a company based on my best assessment here on 2023, but it is fair to acknowledge that this company has been opportunistic about taking on a Carno acquisition. They've been opportunistic about establishing another SKU of the ERX line, couple of SKUs. You know, that Carno generator wasn't supposed to, it was just supposed to be an agnostic generators, what they called it. And I think they knew about Carno at the time. It just hadn't been announced. So that was what we were making decisions on. You know, the hydrogen fuel cell iteration of the ERX was just that. Now we have color on, you know, what that product is going to look like, i.e. the release this week of driving the test track at the Toyota facility. That stuff's very, very exciting. So it becomes a lot more real when we start to look at those projections and we start to kind of formulate where this company could potentially be. But the day cab is one thing that I thought we would mention as far as, you know, expect the unexpected and highly honest poised to surprise to the upside. And I'll be eagerly awaiting updates on the day cab variant, early stationary power deployments in 2024. So let's talk Carno for just a second. I'm not going to belingar this point, but all things aside, you can say what you want. I tweeted, I want a Carno generator. I want one. If I get wealthy off of this project, I think we should all buy one, all of us. Let's all buy some property off the grid and we can all film our experience with the Carno generator. This is why you watch me. I have vision. I have vision. I live in my vision. Day to day, I'm just a regular fella. But if this ends up making it, I would love to have a Carno generator at my property to help provide the power to vital services that I expect to have around the house. I would buy enough power to power me till rapture. All that aside, I believe that the Carno generator in the first iteration is coming in stationary power deployments in 2024. Why do I believe that? Because they've told me that's what's happening. That's next year. As an investor, I'm totally fine with that. Most of my projects for long-term microcap investing are multi-years out. So why is Hylian any different? Hylian's cool because I can really just track the progress. I bounce from microcap to microcap and assess catalyst when they happen. Most days, you hear crickets because they're working behind the scenes doing what it is that they do. But when the microcap has a development, it's usually a big development. I'm waiting on a couple of those developments on a couple of other stories that I cover. But this catalyst, I believe, is actually a foregone conclusion. And who's to suggest that it's not going to flip the script on this? Even with that, I say that my expectations are muted to non-existent. Will it move the needle? Of course not. Of course not. Why do we need stationary generators? We have Generac. We don't need to advance technology. We stopped advancing technology in this country 40 years ago. And we've made it so difficult for new companies to come to bear with new technology and we stymie progress as much as we can. That's just what we've written now. So why would we need this product? We don't need it. Just keep the aging infrastructure. We haven't upgraded our infrastructure for 50 years. Why would we need this product? Why would somebody need to actually find an opportunity to lower the cost of their utility bill when, in fact, most households in California are actually under the thumb of the utility companies to operate their outlets and operate their power during optimal times to do just that? Guys, that's ridiculous. It's ridiculous. Can the Carnot solve that? Yeah. Yeah, it can solve it. But that doesn't matter. That doesn't matter. What matters is the political pressure, the political initiatives, whatever foul play is going on with this company, whatever manufacturing of attacks on this company is out there, has really just put us into the position of where we are, where Hylian's just going to have to fight. And that's all in love and war, baby. They're just going to have to fight and they're going to have to find a way out of this hole. And I believe that they have enough prospects to do just that. The Heizen collaboration complete in 2023, late 2023. So the test track provided some insight that that is actually an up and running fuel cell iteration of the ERX. Did it move the needle? Of course not. Of course not. We can all hold hands and sing kumbaya in that we all own the only stock in the entire stock market that actually doesn't go up. I've come to terms with that. No big deal. Hylian has just provided some insight to their hydrogen fuel cell iteration that could potentially be another SKU in their product line for class 8 trucking. All that aside, do I expect it to move the needle? No, not at all. Not at all. I expect to be around these levels indefinitely. I expect Hylian to be turning out that $500 million in revenues and still trading at $1.25. I expect them to be a tier one supplier to Peterbilt and still at the $1.25 level. I expect them to have stationary power deployed. All of these catalysts that I'm talking about, certifications reached, milestones achieved, and still trading at $1.25. Absolutely. Again, we can all continue to hold hands around this project and wonder what is happening. The last thing I will mention here is something that I want you guys to consider in way of their cash position. They're currently sitting at $2.75. By the end of the year, they'll be at $2.75 on their cash burn, projecting $150 million, get them through next year, and even through 2025 by all intensive purposes. They're not burning cash as fast as everybody says that they are. That cash position has really been quite a lifesaver. Unfortunately, a detriment to the company now, I'll explain. If they're burning against a cash position, unfortunately, that cash position takes on a different light in that it's looked at negatively and not as a positive. Now, the $10 million will be turned in in 2023, like I talked about. If they can increase that to $25 million, which lofty, I get it. I'm a douchebag, I get it. $25 million. Okay, come up with your own. $12.5 million. $6.5 million. They're going to lose money next year. I don't know. $25 million. All right. The more revenues that they can make and generate on the top end, the more that cash position transitions to a position of strength rather than a deteriorating asset. Okay. And I'd really like to see Ilion come to an impasse where they actually start to generate revenues. I think they're too close for comfort right now. They seem to think they're all right. That's no big deal. We can fund the business and we can just go to the marketplace and or dilute shareholders who have, quite frankly, been singing Kumbaya for three years and that's about it. So we're going to dilute shareholders even more. And that's a good thing. And we can just remain calm on it. It's no problem because I'm pulling in a hefty salary, which is kind of a thorn in my side. I think even Thomas Healy is in a prove it phase right now with the company. I really do. I think pulling in over a million-dollar salary is absurd. I think to produce the results that have been produced hasn't been his fault. But in all fairness, you need to be compensated on results. You really do. And to drag this story out three, four million dollars later after four million, four years and four million of salary payouts to produce what, that's half of what they're anticipating, generating for top-end revenue this year, 10 million. I think that's a little bit absurd, but that's just my opinion on it. But I'd like to see the sentiment from what is now perceived to be a negative, actually. They keep reiterating that their cash position is strong and the marketplace keeps coming back and saying, yeah, but your deteriorating your cash is just at such an accelerated rate relative to your projected revenues. And I think once those projected revenues kind of start to materialize a little bit, I think we can look at that cash position with a little different lens. So with that, guys, I wanted you to expect the unexpected. All things aside was the theme of this. When we talk about presumptuous and I'm a really bad guy and I'm a really bad investor, all that aside. These catalysts are coming. Whether or not you decide to take a position in Hylian or not is totally up to you. Your position in Hylian doesn't affect me, nor do I expect my position in Hylian to affect you. You have to be fair about this relationship. This is business. A lot of people will come and they'll blame me for not putting food on the table for you because of your misguidance of a particular position. Most people are like that. Most people want to blame others for their problems and not really just look diplomatically at where we currently sit now with the looming catalyst on the horizon and expect that potentially I could be wrong in suggesting that it does not move the needle as opposed to it will move the needle. And we're just going to have to wait and see on this. My friends continue to be patient on this project. If you enjoy the message, subscribe to the channel, leave your comments at the bottom of this video. I appreciate each and every one of you and your support that is rendered week to week will be back next week for the Hylian Weekly Update. Guys, take it easy and good luck in your investment future.