 music. This is MXUX quick video here on why rear axles matter, why the endurance has an advantage over every other EV pickup, also some interesting to-dos on institutional insider stock activity. Thanks for watching. Alright, this is a clip. I don't want to get flagged for this. Sandy Monroe, a student of Dr. Deming, the father of modern manufacturing, statistical quality control, X-bar, R-bar charts, really created modern manufacturing and this is his top disciple here. Anyway, he's comparing the Cybertruck with the Ram and the F-150 and he's going over a lot of things in this particular video. At this point, he's got to the rear suspension and I keep talking about the solid axle in the Lordstown Endurance and it is the only EV pickup truck right now that has a solid rear axle. The Cybertruck, the Rivian, none of them have a solid rear axle. The Ford F-150 does not have a solid rear axle and I think this is going to give the endurance and edge for people that are looking at doing towing and for applications, industrial or fleet applications, where towing is is kind of important and perhaps even handling more weight loads. I am suspicious of independent suspension for weight, but certainly for towing. Now, I've been saying this and I think, I don't know if anybody believes me, but let's hear what Mr. Deming, Dr. Deming's disciple here, Monroe, has to say. Now, he's making a comment about the independent rear suspension, the airbag suspension that's going to be on the Cybertruck in relation to towing. Well, the Ram's got that already and quite frankly, that gives a phenomenal ride. That's why they won the vehicle of the year. And now we look at active damping. Well, the Raptor and the Sierra both have that already. It's adaptable, I assume, to other vehicles. We don't care about this. The cost is kind of significant. All right. Then what we got to do is we got to look at the solid axle. The solid axle is present in every one of these trucks. And the reason for that is for towing. That keeps the truck stable. It doesn't have a tendency to want to crawl or walk. There's no solid axle on the Cybertruck. So to me, anyways, that's going to be some sort of a little bit of an issue, something that they're going to have to try and overcome. I don't know how or why or how much extra cost that's going to add, but a solid axle does give you the capability for towing. It's a little better for towing. So I want to at this juncture. Okay. I don't know if I can play that on the Cybertruck. So to me, anyways, that's going to be some sort of a little bit of an issue, something that they're going to have to try and overcome. I don't know how or why or how much extra cost that's going to add, but a solid axle does give you the capability for towing. It's a little better for towing. So he's understating it there, but the fact that he even mentioned it, and he indicated that all the other pickup trucks that he was talking about here have a solid axle, and he's talking about how independent rear suspension will walk or crawl. Now, Ford and the other companies say that they have this independent suspension thing worked out. I think it remains to be seen. We don't know. I think that people in fleet applications and people that are normal human beings that do towing are going to be skeptical of the independent rear suspension, and I think this is a real edge for the endurance. This, I wanted to just show you this, and then I'm going to cut to another one. When I am talking about a solid rear axle, this is one of the best examples I have found. This is the endurance rear axle setup, and you say that's old fashioned. This is what works for towing and loads. Now, the endurance is not going to have the pumpkin here. It's not going to have the differential, but it's going to have the solid axle. And where these drum brakes are, envision those as lofty hub motors. So forget this exists. Put this solid metal bar. Well, this is actually hollow. It's got drive shafts in it. But the point is, in the endurance, this is going to be a solid metal axle. Least springs. This is the setup for towing and load hauling that's been used in pickups for many, you know, since inception. The independent suspension they're putting in is the independent suspension from the Suburban. Okay, that Suburban-like, and I don't know what the other models are, but those are great trucks and everything, but they're not pickup trucks. They're not really trucks. Anyway, I'm going to show you another clip here in a second. Okay, these are the same guys. And this is an independent, this is their independent suspension, which they have upgraded. These guys do fantastic work, I'll tell you what. But anyway, this is what's going to replace that other axle. And you can see this is a beam that collects it to the body or the frame as it would be. This is a differential. You got upper lower control arms. You got arms that connect to the front that stop the roll. You got shock absorbers. So you can see how much more complex this is. Now, if you imagine an electric motor being in the place of this pumpkin here, this differential, this is the Ford design. And this is going to be even lower in the Ford design than this would be in this regular design. But you can see here, you know, the number of connection points, the different, you know, you know, different joints and so forth. And the number of parts that can go wrong and that need to be serviced are so much higher. And I would add in the, in the Ford, they have an electric motor. They have a mechanical differential which is electronically controlled. So could you get more complex? Can you, can you see the error codes flashing now? Anyway, the point is, this is what they've had to do because they can't use hub motors. And again, this is going to place the motor in the F-150 very low. And I think this is going to cause people in fleets especially to think twice about all these, you know, all these parts and these joints. And by the way, all you, all you guys that like to lift your trucks, you are limited. You, you really can't lift the truck that has this on it. Okay. I'm sure somebody will figure a workaround, but right now you really can't lift the truck that has this on it. And I would add, when you look at all of this and getting to this motor and getting to the seals on this electric motor here or servicing this differential mechanical, electronically controlled mechanical differential and the gearing, that's the reduction gearing that's in the motor and all the rest of this stuff, the amount of man hours it's going to take to get to that. The Elanfi wheel motor, I was just reading some specs on it. It can be removed by one person in five minutes with hand tools, the entire motor. Okay. So think about it. Five minutes, hand tools, take the motor out. Here's your Ford F 150. You know, not that these motors go bad, but you know, seals go bad, other things go bad. You know what I mean? And this thing is going to have a bash plate under it and that Ford F 150. Anyway, I think the endurance is a far superior design for towing. And I think it's a superior design for simplification. Now the Rivian is going to have this cut in half. Okay. And they're going to have one motor powering one side and one motor powering the other side, but it's going to be this, the similar setup, the same complications and drive shafts and so forth, which the endurance totally eliminates. And you know, I think it makes perfect sense. And it's quantum leap forward in manufacturing and automobile design. All right. Okay. This is a, I'm a big moose test guy, the moose test, you can look at my other videos on the moose test are having to do with other vehicles. The moose test is basically mimics having a car jogging in and out of lanes to avoid a collision. Proteon is another hub motor manufacturer. They have been around for a long time as well. I do believe Elofi's design is a generation head of the proteon design. I think it's a bit more powerful. They have a very interesting design for a swivel hub motor application that allows a car to go sideways and so forth. I think it might be a little lower speed. I just want to steal a 10 seconds or so of their video here. They do a really good job of demonstrating how how hub motors can help with handling. And I think this is another key, a safety issue for the endurance that's going to be a plus for fleet managers. So I'm going to play this here. Now they show the vehicle go around. Okay. Now they're showing like a normal vehicle would just have the same speed on all the wheels here. Now this is a hub motor vehicle. Now do you see how the speeds change on individual wheels? This is the key to the advantage of the hub motors. And it works. I'm not going to play any more of this video. The point is those speeds change in an effort to help the car. If we look here, again this car is vectoring around this truck. These inside motors are running at 38 miles an hour and these outside motors are running at 10 miles an hour. That enables a very nimble movement. And this is all computer controlled by the, it's not anything the driver has to think about. And Proteon has done a very good job of showing this here and it's a great product. And I plan on actually doing a video about their product as well in a later date. But anyway, just to show you how much safer the endurance can be for a fleet user. That was the goal here. And again, I'm a big moose test guy and this is the moose test right here. And this is just a fantastic thing that's going to allow this truck and any hub motor equipped truck with even one with Proteon motors as well. Although I do not believe they're at that state yet, although they may be. I'm not going to slam them. I'm big on this company. They also allow this thing to move quickly and nimbly amazing. This is F1 sports car technology. And this is going to enable the safest, I think one of the safest moose tests ever. And anyway, another big plus for the endurance that these other trucks don't have. Now the Rivian has four motors. Okay. They are connected by a whole bunch of stuff. CV joints, UV, you know, you name it. Okay. This having the wheels in motor is going to be able to react. I am sure many milliseconds quicker and make it that much safer. And I think it's a far superior design with less moving parts. Anyway, I think that's another real big plus for the endurance. Okay. This is MXUX. Just going to start with the Lordstown chart here. As you can see, we are, well, we were outside the Bollinger bands. Now we're back inside. So indicates we're not going to drop any more. We're right there. I don't know what that's a 50 day moving average. I'm not sure, but we're right on it. So there you go. That's the stock. What are we 991, 990? I believe some tech guy on MSNBC said 10.07 was resistance. So we're very close. I just want to go through, first of all, institutional holdings. Now, you know, we're facing this funding thing. There's 21% institutional holdings on them, on ride. There's 177 million shares outstanding. And 20, 21% of that is institutional. Now, here we go. We got increased positions. Now, this, this, this data is not totally up to date. Um, it's dated by the, let's see, we got 33, 331, 21. Okay. So it's a month or two off, but it's the best I can do for right now. I don't have any special reports or anything. Maybe some of you can do that. I can't. Anyway, um, increased positions 144, decreased 66, held 19 and total institutional cash shares are, uh, 37 million. There's 177 million outstanding. So the institutional ownership is 21%. Anyway, um, just get an idea of black rock. They're at everything. Um, Schwab, some of these are index funds. Let's see the new, uh, new ones. Um, we're just going to go through the first page here. Nothing too exciting there. Let's see increased, uh, Vanguard. Okay. And black rock is up. Added 10% more shares. They're going to million shares, million eights according to this couple of months old. Um, Citadel, very interesting. Okay. Uh, what is that? 6, 1600% change in shares. They added, uh, 58 down to 500. They own, uh, 600. So that's, that's quite a big deal. Um, anyway, um, let's see the next page here. Goldman Sachs has increased by 120, 25%, let's say they get 250,000 shares. Well, it's Fargo. Okay. You get my drift. That's who's increased. Let's see who decreased. Um, retirement union. We can understand that, uh, pension fund. Um, I don't recognize any of these other ones. Citigroup. Okay. Not a very big position. Uh, they still hold some, uh, they dropped quite a bit there. So they dropped 82%. Um, let's just see the activity. And again, uh, we got BlackRock here, there and everything, but still. And, um, let's see who sold out. Oops. Sorry. Let's see who sold out here. All right. Now let's see who sold out. Uh, I don't see anybody. I don't know if Capstone, I don't see any big, okay, Kempner. Sold out a million shares there. That's a biggie. Um, well, so I don't, I don't, I don't know Kempner, Kempner, Holocene, don't know that they sold out a million Luxor sold out a million. We got some, some exits here and UBS O'Connor sold out a million. So anyway, uh, the point is, uh, there's still a lot of healthy, uh, interest. Although again, this is some weeks old, just to give you an idea of the institutional ownership that may have changed. They published these on it. I don't know if it's a 10K or whatever. Uh, so there's 68 new holders according to this. And, um, uh, the numbers that increase sales, 114 increase sale, uh, hold the shares and 66 decrease. So, you know, 42 sold out kind of a mixed bag, more increases. And again, this is a bit old. Let's just go and see the short interest. The short interest is what, uh, the short interest is, uh, 32. So that's about six times the average daily volume, uh, out of 177. What I don't, I don't know what the percentage of that is. I think it's less than 20%. Let's see. I don't have a calculator handy. Well, the short interest is definitely going up. Okay. As you can see, the vultures are circling here. And, uh, oh, you got not what I really want to cover here is insider, insider activity. Um, these are insider trades and number of open market buys for 10. Number of sales were 11. So pretty, pretty evenly split, 46 million bought, 1 million sold, 48 million traded. Now, Darren posts, he's selling a lot. He's exercising options. He's selling out. He's, uh, building his, uh, his, uh, cash position here. He's the head of VP engineering. Uh, this is the CFO. Again, he's selling out. Not, not too mad. This is not too massive. This is not too massive. Phil Schmidt, 57, uh, 50,000 shares, exercise some options. He's the president, uh, head of manufacturing. This is a tech guy. He's got a hundred thousand that he sold. Um, another officer, executing options. Okay. Schmidt again, 161,000. I think that might be the same ones he, uh, well, I don't know if that's the ones he executed. Uh, Smills, Phil Schmidt, again, these guys are selling. Okay. And, uh, a lot of sales. Now I want to, I want to go to the, and you know, I don't necessarily, I mean, you know, you don't want insiders to sell, but this is a pre revenue startup. And you know, these guys have homes to pay for and other things. And you know, they are getting paid, but you know, I can understand them exercising options to build a bank role. You know, it's just prudent. Uh, but, um, again, if they're acting on some kind of inside information, that's a different thing. Uh, I think it's a toss up. I'm not, for some reason, concerned about it because if you look here, um, shares traded. Okay. Okay. You got acts, acquisitions. These are people buying. Okay. Um, Rodriguez. Okay. Non open market. I don't know if you buy it. I'm not big on financials. You guys can figure this out. Anyway, again, um, 200,000, 160, 172,000. This is the one Steven Burns CEO acquisition, 32 million shares. And then again, Steven Burns, the acquisition, 13 million. Now, uh, I, uh, did a percentage on this earlier. I can't call it the calculator. I think it's like 37% of the stock, something like that over 30%. And, uh, in addition to whatever he holds and whatever options he holds. So, uh, Steve Burns evidently knows something we don't know or something. And then you got a director here. He bought 2 million. Uh, okay. Well, you got another director here sold a million, but I mean, these are, uh, these are big numbers. So perhaps Steve Burns is trying to get a controlling interest in the company or I think it's interesting. I think it's a positive sign. I mean, let's face it. When you're buying that big of a percentage of the company, it's a la Elon Musk. Okay. And, uh, I think that's all I wanted to go over. We covered the short institutional. Okay. All right. Pretty interesting, huh guys? Steve Burns getting up to their, uh, plus 30% in this buy, including what, what he already held and what options he has. So, you know, all right. Hi, this is MXUX. I hope you liked the video just real quickly. Um, not sure what to make of the insider stock activity. I don't know if that stock was awarded to Burns, perhaps to keep him there. I think, uh, in any case, he's going to own about 40%. I don't know quite, quite a large percentage of the company. And, uh, those insider transactions, I want to make a note they're not up to date because they don't, they don't publish the up to date up to date there. I don't have access to that, but it just shows you there's a pretty healthy or was a pretty healthy, uh, institutional interest. So I think the insider, insider, uh, Steve Burns information is really quite interesting. And I think, uh, that the, uh, the evidence on the solid rear asshole is indisputable. All right. Thanks for watching guys. I appreciate it.