 MMX here trying to take a look at trying to figure out what's going on with Lordstown Motors and Foxconn on this breach. Alright so what we have is Foxconn has claimed that Lordstown Motors is in breach of their agreement to fund a MIH program for $100 million and also provide some additional funding to Lordstown Motors. This is because the stock price of Lordstown Motors has dropped below a dollar for a significant amount of time and it has received a delisting notice from NASDAQ. That symbol is R-I-D-E. I just wanted to go over a framework of, this is just my opinion, I'm not an attorney, a financial advisor or engineer. Please do your own DD. This is not a recommendation to buy, sell or hold any stock. Let me just go through my framework for looking at this development. The best-case scenario, this is a prophylactic legal move by Fox to protect investments in Lex. This is a technical filing to be first and set the groundwork for negotiations. In other words, a trigger was tripped, the board in Taiwan said, okay we are going to file this case irregardless of what is happening or what will happen and this just may be a mile marker that they have set and again this is a prophylactic legal move by Fox to protect investments in Lex. In other words, there's no malice here, there's no ill intent, it's simply a legal move to put a stake in the ground, make a claim regarding their investments. This is certainly a possibility. If you wanted to take a look at this not being adversarial or the worst-case scenario that would be one way to look at it. Now if you wanted to look at it as an adversarial takeover, this could be a backdoor takeover of Lord Sound Motors assets. It is possible this is a nuclear option to quickly take over Lord Sound Motors IP and other assets. This is a blatant takeover of Lord Sound Motors after a court battle. So in this way of looking at this issue, you could say a trap was set and that trap was sprung and the goal of this whole exercise was to take over the assets eventually of Lord Sound Motors. I'm not an attorney, this would imply bad faith I believe and I believe that Lord Sound Motors has mentioned bad faith. Is this a possibility? Yes it is. The third possibility I have here is a belt and suspenders move. Fox is covering all the bases in case of the reverse flit and new stock votes fail. So in other words, this is a prudent business move to protect their investments and they're looking at the delisting and the inability of Lord Sound to raise capital and they're just simply making a prudent business move. So you can, there's many gradations between these three positions but they're three possible outcomes. Again if this is a negotiation, if they are going to renegotiate, they're both going to start with really strong positions and then work backwards from there. So it's hard to know. I would say that, you know, let's let's split these evenly, you know, 33% chance of either one of these being the case right now as far as what's going on. Anyway, that would be my case. So it's equal equal parts of every one of those options. Where Lord Sound Motors is right now? Lord Sound Motors has a competitive vehicle in the BEV market with a high probability of success. This is in my opinion, I'm not an expert again. It's got a high probability of success, especially in the underserved BEV market, the fleet market. I mean, this is the perfect product at the perfect time. In my opinion, the endurance is also a competitive and alluring mass market, mid-market consumer BEV pickup truck. I want to tell you, after I ran my photo essay on the endurance just recently, there were several comments and other context made of where this truck could be purchased. So I do think that there is definitely undoubtedly demand for this vehicle. There's just in my mind, in my opinion, this is a truth of fact. This is a finished vehicle for sale right now. So in other words, this is not a production, this is not a beta, this is a homologated certified commercial vehicle. It's done. A production ramp is all that's needed for mass marketing of this vehicle. That's it. They have to get the production dies and start stamping and putting the trucks together. That's it. Minor technical issues are constantly being resolved on an ongoing basis and they are perfecting the first mass market production hub motor BEV drivetrain. So in other words, yes, there are some fluctuations in the range and some other things. These are software issues, okay, in my opinion, not an engineer, okay, and minor hardware issues such as the connectors and so on and so forth and components that can be replaced and re-specified. So I do not believe there are any overwhelming technical issues of any kind to keep this truck from going into mass production. I think funding is the only barrier to this being a mass market vehicle in my opinion. So there is a pot of gold at the end of the rainbow here whoever ends up with it and has the money to ramp it. Let's just move on here. In my opinion, there is evidence of stock price manipulation to effectively get ride delisted at a critical point in time. Okay, I think, I mean, you can look at my videos, come to your own conclusion, that is my opinion. The delisting notice is what Fox is responding to. Okay, so that's basically where we are right now. What are the outcomes? One outcome is Fox effectively does a hostile takeover of Lord Stone Motors. As with the sale of the plant, would they actually do this? I mean, they actually have some intent unless this is just a negotiating position that they're filing this breach notice on. Let me just move over with this. Fox damages the contract design of Manufacturing Service Model. This would be the cannibalization of their first production partner. Would they actually do this? I mean, when you think twice, if you're going to, well, let's have Foxconn manufacture our vehicle. Oh, wait a minute. If there's some financial problems, we're at risk of, what? Would it, you know, a takeover or damaging our company or, you know, it would seem to me that it would be in their best interest to negotiate a solution to this. But that is just my opinion. I have no way of reading the minds of what these individuals are thinking and the output of information is very limited. So do your own DD and this is not advice. Make your own conclusions. I just want to note that Rivian may have just gone with Magnus over Fox. They're contacting Magnus about doing, I think, some contract manufacturing. And as I said in that Bloomberg podcast, they were talking to Foxconn. So, you know, has Foxconn already damaged their reputation? You know, they want to be a trusted partner. So, and, you know, the CEO has used those specific, let us be your trusted partner in manufacturing. Well, you can take a look at this in its entirety. And to my mind, there's a conflict there. So that, you know, the outcome may be a hostile takeover of Lordstown Motors or the alternative to that would Foxconn and Lordstown negotiate a new agreement and move forward. And I guess those terms would have to be agreed to. There would have to be a reverse split and so forth. But I think that this, as one of the commenters in one of my videos said, this whole, the endurance is at a tipping point. It is 99% there. 99.9% there. So, I think it would behooves of both parties to negotiate a new agreement. Whether this will happen, I have no way of knowing. I am not suggesting that I have any information that this will happen. But I think that would be the best possible outcome. But I am not an attorney. This is not legal advice. In my opinion, legal cases, and this has turned into a legal matter, turn on the facts. Contract particulars. What was agreed to? What is in black and white? Okay? This is what matters in court. So you must do your own DD on this. You must look at SEC filings and other available information and find out what are these terms that were agreed to. I am not a financial advisor. I am not qualified to do this analysis. I may attempt a look at it, but it is up to you as a stockholder or an investor or an interested party to do this on your own. But I think that is also key here. Now I just want to go over a couple of factors. Now, the timing of all these events is uncanny. It speaks... I am putting my tinfoil hat on here. It speaks to a conspiracy. I'm sorry. It's getting a little too obvious here. In my opinion, it is important to note that Hindenburg has just today following this breach and delisting announcement. So, you know, strike one, attack one, attack two, attack three. Hindenburg has just today announced a short attack on ICON Enterprises. Now ICON, Carl ICON, was a potential white knight for Lordstown. The chairman of the board at Lordstown was a former cop-o for Carl ICON. And, you know, ICON may have just been at the point where he said, well, now this is a viable product. You know, I'm going to invest... I have no information on that. I am speculating. But I'm just saying it's uncanny that there is a Hindenburg attack right at this particular moment on the potential white knight for Lordstown and that there was also a Hindenburg attack on Lordstown motors. And I would like to just tell everybody that, you know, Hindenburg hasn't... it's not this long-lasting firm. It went into existence in 2017. I don't think they did anything till 2019. So, they're a new firm. And here's the thing about Hindenburg. They are not... What Hindenburg does is short stocks. And not only do they short stocks, they sell their reports on the stocks they're going to short to their subscribers before they publish the reports. And this is how they make money. They're not Batman out there trying to save the retail investor. They're in this to make money. And they get subscription. And in other words, they do a report. They call up whoever the investment bank is and say, Hey, I got a report coming out. You know, you're one of my subscribers for 10 million a year. I'm going to send it to you. XYZ stock is going to be... We're going to put out this massive press barrage. And we're going to tell how crappy this stock is tomorrow. So, here's the report. Get your ducks in a row. This is, in my estimation, market manipulation. I mean, I don't know what... Now, the SEC and the DOJ is investigating these firms. That doesn't imply there's guilt. However, some of these firms, they've gone in and rated, taken documents out of SACE and everything. Why they're dragging their feet on this? I don't know. But I think it's uncanny that right when this happens, when icon enterprises could have swooped in, potentially, I don't even know. I'm not a financial advisor. I don't know if this is true. However, the timing is uncanny that there's a Hindenburg attack right at this moment. In my opinion, it's also important to note that BlackRock, which you can watch my videos on the subject of BlackRock, has political ties to the President administration. And again, the timing to all of this, and I'm not going to... This is not a political channel, but do your own DD and come to your own conclusions on what the political aspects of the timing of all this is. And I'm just going to finalize this by saying, in any case, no effort has been spared to keep the endurance BV off the market, and it would seem with explicit timing. So, I guess to sum this up, I would say that the best case scenario for the parties involved is to negotiate a new deal. But will that happen? We don't know. I hope you like this video. These are my thoughts. I'm not an engineer, attorney, financial advisor, or accountant. These are my own opinions. Please do your own DD and satisfy anything I've said here. Verify it to your own satisfaction, and this is not an effort to get you to buy, sell, or hold any stocks. This is MXUX. Good luck in the market.