 Hi, this is MXUX. I just want to go through a SWAT analysis. I think this is a good time to do this for Lordstown Motors. I'm going to try to be direct and brief here. Let's see if we can go through this. The strengths right now of Lordstown Motors, or I've got it calling it here LEX, there's a commercial BEV certified and a homologated delivered to customers, has production cost advantages. That is the battery electric vehicle, the endurance. There is a BEV pickup truck, which is fleet-centered, which is in demand. That is the main strength of Lordstown Motors right now. They have a new MIHBV program confirmed, but the details have not worked out yet. That's a second strength. A third strength is they are watching their cash and they have $200 million, I think, and don't quote me, I think it's $250 million or perhaps a bit more with the monies from Foxconn so far on the new MIH program deal. That may be $270 million. Their burn rate was high last quarter because they started production. It should be less, but the burn rate is going to be somewhere between $50 million and $90 million, something like that per quarter, I believe. That's where we are right there. The weaknesses. Those are the main strengths right now. Again, BEV for sale, new MIHBV fleet program is confirmed, that's a big deal, and they do have a positive cash balance. Weakness. Stock price. The stock has dropped below $1. It faces potential Nasdaq delisting, depending on how long that goes on. That is not good. The BEV recalls, there have been two of the endurance, and I would say that these are not, as recalls go, that big. I believe the lightning has had nine or is it 19? So this is fairly common. These are not, these are second and third tier supplier problems, even fourth tier supplier problems. Now, so we have the stock price, and I do believe there may be some stock manipulation going on here. I have another video on that, but it doesn't matter right now. It's facing potential delisting, and the last and the BEV recalls, which these may be resolved, there is a video out of an endurance driving around Detroit, which implies to me that all the recall problems have been resolved. Again, we have funding. There's capital requirements that need to be met. The MIH project needs to be approved, okay. Now, with the approval of the MIH project, and I don't have the exact details in front of me, but 100 million, of that 170 million, I believe 50 to 70 million have been paid already. The 100 million pending is provided. They can work out the details to be earmarked for the MIH program, which Lord Sound Motors is going to develop. And that is a weakness. It's not done yet. And the BEV, the endurance, needs an OEM partner to go into full production. And that is another weakness. So potential delisting, the recalls, this may not be an issue anymore, and the funding. The MIH project needs approval and OEM partnership. Now, the opportunities for Lord Sound Motors, unrequited fleet demand, there is just a black hole of demand for BEV fleet vehicles of which Lord Sound Motors is. And with the MIH project, program slash program will even be a bigger fleet BEV provider. These are the federal municipal, municipal, commercial retail, you name it, hurts. There is just no end to the demand for BEV fleet vehicles. It's one of three BEV pickup trucks in production right now. Rivian, their fleet vehicle is their van, which they have by contract have to devote all production of that to Amazon. So there's no competition there. Ford has the Lightning Pro, which is barely in production. No one's getting any. And that's not really competition. GM has a series of fleet vehicles. No one's making any kind of dent in the fleet market because they're making so much money selling high price BEVs. So you know, right time, right product. Asset late model, the model of Lord Sound Motors is limited capital requirements. They don't have to build the new plants that Rivian's building. They don't have to go through, you know, all the maintenance of maintaining a plant and keeping it going while they're not in production or doing changes and so forth. It's a very, it's a very good model. I think other companies are going to follow this model in the future. They have a hundred million dollars of funding earmark for the MIH program. So that's pending, provided they can get the CFIS approval and bang out the details on that. They need to set milestones and so forth. And this is something I've been thinking about, which hasn't been openly stated, but this is Lord Sound Motors will own, I believe, this MIH program, this fleet program, fleet BEV program based on the MIH platform. What they develop, because you see, this is my way of thinking on this. They're not paying, it's not payment for service. They're buying stock, which is transferring money to Lord Sound Motors. And the condition of that stock purchase is that that money is to be applied to a certain program. So to my mind, and you can correct me if I'm wrong, Lord Sound Motors is going to be the beneficiary of this program. And the MIH program is an open source program. So this is really a proof of concept. Although they've had some other MIH program in Singapore and so forth vehicles built the model. What is it? Anyway, they have done it before, but this is really the main proving ground for an MIH platform program. So multiple vehicles, and they said it's going to be fleet. It's going to address different fleet needs than the endurance does. So they're going to have the endurance and other fleet vehicles. So these are very, there's a lot of opportunities here. There's demand, there's product. The business model is efficient. So, you know, and this other, the new program is funded $100 million, supposedly time to market, cost to market is supposed to be reduced. That may be enough to get to a working model with the MIH program. We'll have to see. Now, let's get to the threats. The ride stock price has dropped below a dollar. This is not a positive development. I think there may be some manipulation here. They have alluded to that in one of their SEC filings, but it doesn't matter if it's a manipulator or not. It has fallen. It faces below a dollar for a certain amount of time. It faces delisting by NASDAQ. So they have to take actions to get the price up. They're facing a reverse split of, I don't know, three to one or 15 to one, which I am in favor of because really what Lord's Time Motors has to do right now is stay in the game. Ride also faces delusion because they're going to be issuing more, they're recommending issuing more shares, which I also support. As I say, all Ride has to do right now is stay in the game. That's all they have to do. And whatever they have to do that, in my opinion, that's what they should do. Now, Lord's Time Motors faces cash depletion without earnings or funding slash funding. So their revenues on the sale of the endurance, the endurance is not profitable right now because it is not ramped. So without earnings or funding, they're going to face cash depletion. So if you look at what's going on, I believe the production of the first 500 endurance is financed. I think that's baked in. I think the MIH program, at least $100 million of it is baked in. And so what we're looking at is operational cash burn. And again, I guess that could go between $50 million and $90 million. So you can do the math on that. So we have cash. So we've always had the, as a startup, pre-revenue startup cash issues, now there is a stock price issue. There is limited information coming from Lord's Time Motors. And this may be because both Foxconn and Lord's Time have to agree on the information. According to the agreement they entered into the sale of the plant, they have to agree to what information is released. And for whatever reason, we do not have a lot of information coming out of Lord's Time Motors. We have SEC filings, but I don't know if that's a bad thing or a good thing, but there is limited information. And the other, and that I believe is part of the stock price issue. Thirdly, the government is the government dragging its feet impending the CFIS approval. Because the CFIS approval is required for the stock program to go through, for the stock investment to go through, and so forth. So that's another issue. So, I mean, we could have government dragging it. If you put your tin foil hat on, you could say the stock price has been manipulated downwards. I have a video on this that I have, I'm putting together a possibility. Or there may be macro issues not related to Lord's Time that have driven down the stock price as well. There's also the recall, but as I said, in my opinion, the recall is not as bad as it appears to be at first glance. So anyway, that's where we sit with the threats. Let's move forward. I have action items here. Lord's Time needs to resume endurance production and sales, okay? Even if it's a limited number of trucks coming off the line, they need to, you know, run that up the flagpole and show everyone that the recall has been resolved and production is underway. And that they're being, that products are being delivered to customers. And that they can successfully handle a recall. That's number one. Number two, they have, in my opinion, I'm not advising you to buy, sell, or hold any stock. And right, of course, is a high risk investment. Please seek professional advice before investing in any stock. But number two here is they need to secure the stock price LEX does. They need to do, in my opinion, a reverse split if necessary. And as well, if they could generate a positive announcement on the vehicle, on the fleet program, any type of positive announcement on securing a partner, on, you know, Neovagi doing some type of deal, any of this is going to boost the stock price. So whatever they have to do to boost the stock price, that's, they need to do that. They need to finalize the NIH program. They need to finalize the terms. They need to get the CFIS approval to get that capital, get that program underway. And as I said, I believe Lord St. Moses is going to own that program once they've launched it. So a lot is hinging on the stock price. A lot of it is hinging on positive news, catalyst and CFIS approval. And lastly, they need to secure an OEM partner for mass production of the BEV, of the endurance. And I believe they've been working on this. I have another video pending. I did a preview of the earnings call and I said the issues that should have been approached and I went over that video again and I compared it to what was announced. And you know, one of the keys there is this OEM partner. I think there is a good chance that this could happen, especially in the market. I mean, all of these are like a blockchain. They're all linked together. But certainly if you took a look at the fleet market and you look at the BEV pickup truck market, I mean, to be able to get into a program, you've got to figure that, you know, to launch a BEV pickup truck is going to cost you $500 million, you know, $900 million, a billion dollars. And to get into the endurance for half that price, a third of that price, whatever it may be, I think it's a no-brainer. But these are the things that Lord Steinmutter has to do. So by way of summary, Lord Steinmutter is in a great position to take advantage of the storage shortage of fleet BEVs with the endurance and the MIH program that they are developing, which I believe they will launch. And again, cost to market and time to market are supposed to be cut by 50% with this program, which would mean, you know, they could have, Hightower said he could have a car out in two years if it's cut by 50%. That's one year. Next year, this time, this other fleet program could be underway. And there's a shortage of fleet BEVs. Finance and capital issues are the rub. Chairman of the board, Daniel Neovagi, has connections to Hertz, where he was a former bird board member. Hertz, of course, is one of the biggest fleet buyers in the country. And Hi Finance, you know, he's a former icon, I can I can guy. So he does have connections. So it would appear to be that the ball right now is in Neovagi's court. He appears to be critical at this point. And I have down here, as I said, in a, in a what's called podcast, they mentioned that Rivian in the past has spoken with Foxconn. So is Rivian a potential partner for the endurance? They want to introduce a low cost line of battery electric vehicles. So, you know, I think there's potential there, I don't know what the status on that is, that is speculation on my part. But that would be an example of an OEM partner. Foxconn is investing in the Lordstown BEV plant heavily. Biskar, Paris pending, Monarch tractors in production. They're building a battery plant in Wisconsin. By the way, next door to that battery plant, Microsoft is putting in a gigantic data center. Initially, Foxconn had said their data center was going to be in Wisconsin. I am wondering if Microsoft is going to be part of that speculation on my part. There are even, they have stated to the Taiwan press that there are even more investments underway. But those are unknown at this time. So, Foxconn is, you know, all in on BEVs. They're all in on Lordstown. There's Lordstown, the location, Lordstown, their hub for BEV manufacturing. They're pulling together a really strong infrastructure there. And remember, Foxconn operates the battery line for Lordstown Motors, which Lordstown Motors owns, and the hub motor manufacturing line for Lordstown Motors, which Lordstown Motors owns at the Lordstown facility. So, Foxconn is all in. Now, via stock ownership from Foxconn, the via the stock ownership, the de facto financial support, Fox is at an ownership limit, I believe once this deal is consummated. So, to go further would change the status. I believe with the SEC and with CIFAS and certainly with Fox's board. So, I think that at least this tranche of financial support ends with this agreement for this MIH program. Now, there are other ways of doing that, but I'm just saying that's where we are. So, Lordstown Motors is in the captain's chair right now. They need to originate development solutions to get into production and secure funding. Right. They have had creative solutions in the past. So, they do have a creative approach to finance and they have come up with solutions in the past on, you know, things that surprise people and certainly they are capable of doing that again. They need a catalyst as far as their development. So, obviously, as I said, the return of production and deliveries of endurance would be one. An OEM partner would be another and whatever creative solution they might want to come up with. But this is where we are. I believe with Lordstown Motors and there's a lot of strengths and a lot of opportunities and we're now at the point where you know we have to get into production again and find a solution to the OEM partner they're looking for, whatever shape that may take. Looking forward to the stockholders meeting coming up and I think to my mind the most interesting thing here is that Lordstown Motors will own that MIH program fleet vehicle program once they develop it. In my mind, so this is, I think this alone increases the value of the stock or the potential of the company. Certainly with the fleet demand that's out there, I think you know they're going to basically have two product lines, an MIH product line and their own product line, both fleet directed and pushed at a fleet market that's starving. They simply have to do these other tasks, produce a catalyst, work out a creative funding solution and get an OEM partner of sorts for production. Okay, this is MXUX. Thanks for watching.