 Okay here we are at the Lordstown website. This is April 29, this is recent, this is about the earnings call coming up. There's a lot of blah blah. Now I just want to parse out a few things. Watch the Q's view video on this and just wanted to give a little different perspective. Talking about the call on May 9, the closing remains subject to additional closing conditions which are the lawyer blah blah blah. It says further negotiations and execution of a contract manufacturing agreement. So it sounds like the contract manufacturing agreement to manufacture the endurance. Since they mentioned the word execution, is this okay? The implication would be that it is okay. Now what's not okay, and this is the second half of the joint venture really, is the design and engineering services provided by Lordstown Motors to the MIH platform slash Foxconn. The fees of which fees generated and paid to Lordstown will pay for the manufacturing of the endurance in my evaluation of the agreement. Jointly designing engineering and validated vehicle programs, commercial vehicle market, using Foxconn's mobility and harmony platform, which implies no hub motors, we don't know, maybe they could use hub motors anyway. The idea here is snake eating its own tail, they generate fees from designing these vehicles, those fees are paid back to Foxconn for manufacturing, the contract manufacturing of the endurance for the bill of materials and manufacturing fee. No agreement has been reached to date, and this also was Hightower's last statement, four days, five days prior to this publication. Discussions are continuing. So we have here commercially reasonable efforts. Now, I had made a previous video on this, I'm going to try to link it here either with a pop-up or something. Commercially reasonable efforts imply good faith negotiations, and good faith negotiations, and you know involved parties wanting to come to an agreement. And during the last call which I parsed, you could see my video on the last call, earnings call of Lordstown Motors, CEO Dan was very specific about negotiating in good faith, being all in, and he specifically, I believe the quote is, said he was holding Foxconn's feet to the fire on this. So no agreement has been reached, discussions are continuing. Q's views had mentioned basically that it was a fake, complete, whatever the French is, that if this wasn't reached, there was no alternative, and they were going to get first choice of all the assets and so forth, and I'm not an attorney, but that's fairly clear to read through the agreement and see that's kind of what's going on. I think the point that's being missed, in my opinion, and of course I am not an attorney, okay, commercially reasonable efforts, okay. In the event and we, and in to date no agreement has been reached, discussions are continuing. Again, Hightower made the same statement and more on the 24th, but this is what we know to date, okay, and if this part of the venture does not go through, Lordstown is going to have a hard time paying the manufacturing fees for the endurance. That's the idea, this is at two sides of the same coin, and a accurate public radio host, as I previously mentioned, had said this is, this was the rub with Foxconn. However, they entered into an agreement in principle which set out these terms and that they commercially, they make commercially reasonable efforts. So the point I'm trying to make here is if this, in the case, and I am not saying this is going to be the case, I think they're, and I made a point with the rest of this video about there being a case for making this, for not slowing this process down and making hay while the sun shines because there's a magic, magic market potential here to do this deal quickly and get production started. Anyway, commercially reasonable efforts, again, good faith negotiations. If this does not go through, I don't believe it's going to be cut and dried. I don't believe that, in my opinion, I think there's going to be claims of bad faith negotiations and I think that's going to go to court. Whatever the terms of this agreement or pre-agreement, AAP agreement was, but the terminology I do believe, and you can look at that last earnings call and specifically my video on parsing out the words of DJ Danny, good faith efforts. Okay, so in other words, they have to want to come to an agreement. Anyway, that's not something for me to decide. If any lawyers out there want to comment on that. Anyway, May 9th is what they implied on the release about the CFIS being approved. As an announcement date, they've kind of walked that back a little bit here and they've mentioned a drop dead date of May 14th. So it went from May 9 to May 14, unless the parties have agreed to an extension of the repayment deadline. So in other words, this repayment deadline is going to kick into in on the 14th, if they do not reach an agreement, which would have been announced on the 9th. So if it doesn't go through, then hey, you know, they're going to have to repay everything and then unless the parties have agreed to an extension of the repayment deadline. So they got a fallback position, fallback position, fallback position. So they have both parties have said clearly second half, they're going to start manufacturing the endurance. So it looks like the contract manufacturing, not a problem so forth. It is this MIH involvement that seems to be the rub. Excuse me, are you on there? They have stated here further negotiations and execution, which implies, I believe, that the contract manufacturing of your endurance is done by way of review. This no agreement has been reached on the MIH joint manufacturing engineering design. Discussions are continuing. I mean, here's the thing. Foxconn may, I mean, the thing is the endurance is ready to go. The engineering's done the line set up. Everything's ready to go. So, you know, Foxconn can step into that role. As far as designing these new programs, this Foxconn feels that they do not need Lordstown. I mean, I'm just making being the devil's advocate here to do this engineering and design if it were the case that this were not to be completed, or they have a problem with the fee structure that Lordstown would charge for that. I would just say to that there are many advantages of having Lordstown take over this role for Foxconn. And it is a plug and play input into the battery electric vehicle space. And for them to have this assembled group of people that are, you know, everything is based off the U.S. market. And the U.S. market is based off the California market. And the world market is really based off of those standards with some variation in battery electric vehicles. And Lordstown Motors, their main office is in Orange County as far as the endurance goes and the product is going to be launched in California. They have a depth of knowledge here. There are many advantages for Honhai or Foxconn to use the services of Lordstown Motors. Again, they're looking at, and the CEO of Foxconn has said this, speed to market, get market share, establish a business, establish products. And now they may feel that they have talent in Taiwan or China that can do this engineering and design. But again, that's not going to, well, will it work in the United States? We, you know, under the Trump administration, imports of BEVs were limited by certain machinations from China. So we don't really have a big, a lot of Chinese vehicles coming into the U.S. market. Certainly the design standards are different for the Chinese market as to what would be applicable in the U.S. market. So Foxconn is in a position to have a, as I say, a plug-and-play engineering and design. An instantaneous high tower, DJ Dan said, 24 months they can have two vehicle programs launched on the MAH program. That is speed to market. Okay. And they have a good engineering group, they're a very efficient engineering group. I think conceptually, and I think the AAP has said conceptually, this is what they want to do, I would think the discussions are under the fees paid, any royalties that would be due to any party in these types of details. But again, we don't know, we can only go by what they have said and they have said there are no agreements and discussions are continuing. And that is the status as we know it, although I am optimistic about it, commercially reasonable efforts to reach this agreement. Good faith bargaining. Again, there's complexity here. And this is the rub. Again, right is a high risk investment. And they're stating right here, and we have to go by what we know. No agreement has been reached. They've used different nomenclature with the endurance manufacturing for the negotiations and execution of a contract. So they have differentiated these two programs. But in fact, both of these programs aren't necessary for Lordstown, which is cash strapped, as we know all startups are to get the endurance off the ground. But we can be hopeful. The fact that they have fallen back from the original deadline. Now they have fallen back to the May 14th deadline. Now they have fallen back to a potential extension period. I think they are negotiating and I think these are really hard negotiations. So I am optimistic. I think it makes more sense for Foxconn to do this than not do this. I think there's a lot of giant pile of money on the table that these two companies can scoop up and they are wasting valuable time, not wasting valuable time, but they need to get this agreement done to scoop all that money up. Because the money is there. I've made the point in the rest of this video. So this is where we are. And again, we can speculate on this. We have to go by what's in black and white and what the principles have said. And that's the status. I am optimistic that they I think the fact that they have extended these these deadlines means that they in fact are negotiating. So I am optimistic that this is all going to come to fruition. And I just wanted to mention the point again, commercially reasonable efforts, that to me tells me good faith negotiations. Look at my video. I guess the point I'm making here is if this agreement is not met that Lordstown does have potential legal standing for bad faith negotiations. So that's that's not as cut and dried as some other video makers want to put it. But I am optimistic that this this can all come to to be if they can negotiate this through. And I'm sure if anyone can do it. Danny Avaji can do it because he is the right person for this job. So let's see what comes to be. I think all in all, there's a lot of hard nose negotiations going on. And there's a lot of money at stake. So but I am optimistic. And this this wording is what it is. But no agreement has been reached against the, you know, if the announcement is it's impossible to reach an agreement. That's a different story. I think everybody knows what time it is involved with this. A lot of money on the table. Well, let's get to making that money. And I think that the Chinese Foxconn, I think they're well aware of you know, what's going on. And again, hard nose negotiations. Let's see what we can only all wait and see what will happen. I am optimistic though. I am optimistic and I have made my optimistic case in the rest of this video. All right. Thanks for watching. So this is Monday at close. I just looked at the stock chart on Nasdaq. The short interest is trending down a bit in Lordstown. Options are frozen at $2. There were some big, in my mind, big transactions made on Friday. A lot of shares were moving. The price did not drop. I don't know if that implies sales, short covering, what, but some big number of trades went in late in the day on Friday. The institutional holdings, again, are on balance. It would seem, although there's a late reporting structure on there, the standard deviations within norms. There was a drop as a result of the Seapus announcement because of a disappointment for not a full drop. Let's keep an eye on this and see what happens.