 I appreciate you guys joining me on a Sunday evening for the Hylian update. I expect the information that's going to be rolled out. I hope I'm wrong. I hope I'm wrong about this. I think the information that's going to be released is going to be a little spread out. I think it may be a little bit lean going into what I consider to be a little bit of a bridge session for Hylian. But I was asked to provide this information from my perspective and no better place than Market Beat. You may have to click in with an account to see the same information that I'm seeing here. But if you are unfamiliar with Market Beat dot com, check it out. It's cool. I think it's the cleanest example to answer the question of where flows are coming to in a specific holding Hylian being the company of choice here. As we look at the inflows here, percentage of ownership 27%. So a lot less here than the broad based retail community of a lot of private owners. Now obviously these institutional ownerships can represent some pretty huge blocks of shares. I would venture to guess that even though they may be a lesser of a percentage, these guys rule the roost as far as being able to pick up the phone and talk directly with any of the executive management as well as the upper management alike. So it's important to monitor these. It's interesting enough to see where alliances are being placed right now with regard to Hylian in its current disposition. Still right at the lows of its trading session of the last couple of years since coming to public markets, which is of interest to me. You know, again, I was asked to cover this and I didn't mind just jumping in here before we enter into the topic of conversation for Sunday, which I do have a few items to talk about. You guys are going to be satisfied with the current levels of attention that we get. We have one piece of news that I think is a sign of the times with regard to the Monet transition from the reservation order book to the order book. I think that was good. I think that was really good. I think Hylian needs to do more of that and I believe that they will. There's just no doubt about it. I think these companies and Monet is not an innovation council member so really telling there but we'll get to the agenda here after we scroll down here and see where a lot of the inflows are coming in. I just think the information is pretty straightforward. Number of institutional buyers over the last 12 months, 91 total, the total inflows capped out at about 238 million number of institutional sellers last 12 months was 41. The ratio between the inflows and the total about flows I would caution you to bear in mind to the 34.2 which is about seven and a quarter million about 8x, perhaps maybe seven and a quarter X, the number of outflows in Hylian holdings the number of inflows. So even though 41 is pretty darn close to half of the number of outflows, I think these are probably positional cells than anything as opposed to panic cells. If we started to see this number here creep up to something that would give this inflow number a run for their money I would raise cause for concern but these are big institutions that are holding these net inflows into the company over 12 months which is interesting enough because, you know, while the retail community has just been in arms it's been a tough tough stock down I'm not going to sugarcoat this bitch. It's been a very, very tough, and it's been tough as a bullet last week really to see companies like Nicola announced that they're going to production and providing no granularity around that like who's going to buy their product, but they come out and they make something up like they're coming to production and I believe that they are. I just don't think there's been enough pulse in the marketplace to know how accepted their product is going to be. I don't know if their product is going to be well received on the onset and then reach market saturation, because of the nature in which they've approached integrating. If they are in fact able to integrate into the class 8 space I, I cannot get behind Nicola I did sell my long calls and Nicola as well as Heisen, both for a nice profit, but I don't have conviction on either one of those companies. Heisen I could make a little bit more of a bull case than Nicola but Nicola's got a lot to prove here. They really do I think their financial position is good. I think it could have the potential to accelerate south really really quick. I think with regard to the margins which I can only speculate are going to be challenged going forward as they're looking to take the truck from inception to full production on their own. And, you know, I wish them all the best for the space I really do I just, I have a hard time believing that fleets are going to be falling all over themselves to rush into a new technology just like all three of them I believe there's going to be some hesitation to to validate these products before they make big commitments to the product but the stock itself here 24 million bought as opposed to 10 million sold in Q4 just last year. So, we don't have the new statistics for last year with regard to the stock action but interesting enough 24 million in the quarter 10 million sold so just less than half of the total outflows so you know during what I considered to be the dark period for the stock. There's no doubt about that that you know if there was going to be an improvement in those numbers, then that's where it would be at. But here's the reported holdings here and this is one month old. So, fairly new information here declaring to you guys, these positions range from, you know, anywhere from smaller institution hedge fund companies that that on these all the way up to the larger hedge funds and larger institutions that on these but the top, the top ones here are the westward holdings with 11,000 shares black rock with 8,800,000 Wells Fargo taking a reduction in the quarter anyway, down to 85 million shares and Goldman Sachs I always named them within the top five. Investments Deutsche Bank California State teachers retirement system parametric portfolio associates, pancera capital and finally metropolitan life so interesting enough here, you know only three out of these what 246810. Okay, an NA on the top line but three out of the nine here declared were net outflows in the quarter, and then the remaining six were net inflows. Nice big increase here from Toronto looks like they're building a nice position just a little over a million dollar position here and you know black rock still being the dominant here I believe they yeah here just over 5% of the company is what they own so you guys can check that out at market beats kind of cool to check that stuff out but really appreciate you joining me for the highly on update. I do think as far as the stock goes. It has been tough this week watching. I still really get favor in the market. I don't have an answer for you. I don't. It's doubly difficult to, I pick up on a lot of things. I have my inner circles and my inner inner circles in social media. And you know there's some people within my inner inner circle, the ones that are tried and true shareholders with me and this highly on evolution and this highly on journey. They get it they see the same things as me and I see some, you know some not necessarily pop shots, because I think they're inadvertent. It's amazing to me how I sit back and it's always easy to lump highly on in with the SPAC community. It's always interesting to lump highly on in with those companies that are pre revenue. And I think if you're following the story closely I think you can find here and you know I'm fascinated here at whether or not highly on was brought to public markets to see their vision forward, and they probably should have had more of the vision in line with before coming to public markets in other words, you know had they been put through the scrutiny of the financial rigor that this company wouldn't have been eligible to come to public markets via IPO. Right. And they've been provided a long leash. They really have an all in all fairness and I know there's highly on bulls out there that are just bullish all the way and I really try to walk the line here and when there's something frustrating about the company, or there's something positive about the company. I try to share that with the good of the conversation. For you guys who are new to my message and understanding my small niche in this small insignificant corner of social media. I have been all the way through. I've taken two sets of liquidations on blocks of shares and they have been significant blocks of share in highly on holdings in my evolution of being a shareholder but the company. The first one was was really a falling knife type of perspective where it was in its free fall from the 50s all the way down I think I finally took my liquidation at $26 and that was actually a total liquidation with the expectation of buying into the company at a later date I didn't care if it would have turned back north again. I would have entered into the stock at a higher price but I just didn't see it coming. I really didn't I didn't see it falling all the way to $3 and 33 but there you go for the stock market for you to really dole out some some some real some real learnings on this specific one I think some of it is justified, not all of it. I think these companies that I follow like Heizen specifically and Nicola primarily with the favor that they get in the market, I don't get it. I don't understand why they're provided the nod. I don't understand why they're not put under as much scrutiny as highly on. I'm not really sure why the real niche of highly on isn't explained it doesn't need to be. It doesn't need to be bolstered, but it does need to be explained in a way that you know investors can understand that just because Nicola is the hydrogen fuel cell play. The reality of the situation is that the transferability of hydrogen is a problem in and of itself the very nature of, you know, asking fleets that have been dominated by diesel over the last 100 years plus in an industry that has garnered massive reliability from the diesel industry and to position into a hydrogen fuel cell era, when there is no fueling infrastructure available to those specific fleets. I always step back and I'm always scratching my head here, whether or not I'm missing it I know I'm not. I know I'm not that the stock market can can prove you wrong, even though you're right. It doesn't matter. That's why I say all the time these people who think that they can just do their due diligence, for example, and make your investments based on that due diligence and think that that's going to be the end all be all of your success in this stock market. You haven't been doing this very long. It's going to take an undetermined amount of time to realize the vision of Hylian. I think over time, Hylian will absolutely prove its worth. Right now in the short term, we're just getting kicked in the nuts every day. It's just that simple. I mean we're really getting kicked in the face here we're getting kicked in the teeth. You know that the company comes out with some good news. Monet transitions part of the reservation order book over to orders with deposits. I found that to be a very, very bullish tell for Hylian, but I think what's going to be accepted in the eyes of the market is going to be is going to be necessary to overshadow the hated nature of this stock. Now the people who own the stock and the company, like myself, I feel the same way. There's nothing to love about the stock. The stock has been a horrible, horrible ride. You could have just as easily invested in the S&P the last couple of years and done done quite well. You would have made a lot of money instead of lose a lot of money. Let's be real and tell it real. Okay, the stock here at $4.37 and there's some schools of thought out there that would suggest even highly on overvalued at these bargain basement prices. As far as I'm concerned, there is some merit to that argument. There is trading to a $250 million premium to the cash on the books with anemic sales of $200,000 right now on the books with an anticipated burn rate of around $135 million per year in the company with a projected revenue in 2023 of $2-3 million. You think, boy, with those statistics, what would anybody be doing taking a stab at this company right here? The thing about it is this company is going to interact with the market and it's certainly going to interact with retail investors and it's going to siphon out anybody who is not fit to understand the unique nature of how this company came to public markets, how it entered into public markets and was provided that long leash for a lack of better terms that I talk about. To really not only incur supply chain issues, yes, but to really use market time to validate a product that even I interpreted to be a lot longer along the line than they were. It's somewhat of a sleight of hand to be honest with you. I thought that there was going to be a lot more acceptance of the hybrid product. It's looking like the hybrid product is probably dead on arrival. I think if they can pull 2-3 million revenue, I don't see how they're going to do it, but if they can do it, I'll consider that a win and shock any other hybrid sales up from now into the future beyond 2022 as being a bonus, really. The HyperTruck ERX is the one trick pony and you could argue that that's two products in one, okay, with the ability to go to a fuel agnostic type of application, remain with RNGC and G for the sleets that are interested in the freedom and flexibility to go between. And then when the hydrogen fuel cell becomes available again, which I have a 10 plus year horizon on it, yeah, then they can use the hydrogen fuel cell to fuel the generator to run the HyperTruck ERX. I don't see that happening for a long, long time. So we're talking about a one trick pony. It is the company going to be able to deliver in such volumes to make this one trick pony a reality for fleets, put this in the hands of the fleets and have them perform in the way that I would pose to Thomas Healy if he was wise enough to come on to the independent investor channel and take an interview with me, I think you should. I think it's a big mistake not doing it. I think there's hundreds of people who tune into me if not thousands who appreciate my neutral application. Everybody's rooting for the company is no doubt a bad stock's been atrocious 100 people 100% of people who have invested in this company had lost money. And that that that is put on the CEO. And I wouldn't be so apologetic in my interview. I would be fair. I would be succinct. And I'm going to go over some of the things that I would talk to about with Thomas Healy, nary of which I have heard on any interview on social media, none and I'm, I'm saving these a little bit. So, if you're a patron to the message now and you want to steal these and you're able to garner an interview. I'll sit like a student and watch the interview but you know these are the things that actually are things that are on my mind with regard to the highly on equity and how we are going to navigate the next couple years of bridge years, because I think if, if, if by nature of Sherry Baker's projection here on the financials, you know, a $2 to $3 million revenue increase with a still no that's isn't going to be enough to bridges. I, there's not a whole lot further we need to go until we get to zero in the stock. I mean, we're talking about a, you know, an insignificant pink sheet at this point. I mean, we don't have a long way to go right now. I think, I mean, we think that things can't get bad right now. Again, their schools have thought that was just that highly on a significantly overvalued here with their any inability to garner any type of revenue that that is, that is just a justifiable of a company that's three, three quarter, three quarter billion, excuse me, $750 million, right. So, you know, different schools have thought on it. I think we really are in kind of no man's land with the stock. It's anybody's guess. It's not a position of convenience. It's not a convenient, convenient position to be in at all as a stock owner, certainly not a position of strength at all. Okay, now you might think what's the downer message in the in the deal right and I think there's a lot of people who like when I come on and they I cheerlead and I jump up and down. I'm fine. I had a great day today. Actually, it's very busy. I'm just like every day. But owning this company for two years. I'm also human being and as I continue to do due diligence, and I continue to not get hung up on the fact that it is a far cry. Now $2 a share away from Heisen and all of $6 a share away from Nicola, which seems insurmountable at this point, it would take a double and a half at these levels. It would take a doubling and a half 150% increase from here for highly on to even draw near to Nicola and their market cap at what 4 billion four and a half billion I believe I don't get it. So to continue to hear it from my inner circles, not the inner inner circles, but the inner circles about those people who look at an investor like myself who has put himself out there right made an investment in a company that I'm just as convicted on now as I was then it's that simple. Would I want to rehash the last couple years and go through some of the anguish of owning the stock. No, I haven't. I believe that that's work that's put in the bank that will pay dividends down the line, but it's easy to take pops pop shots on somebody that's that's down. The irony and the whole thing is, I never do that. I never even think about doing that. Never. I don't. I don't for the sake of convenience, identify the independent investor channel with investing in a company like this and I would have never done that. Because I have the hindsight in the market to understand that you just don't do that. It's a pre revenue company. Therefore, what's a value investor like Ryan doing getting involved in a company like this. You know, how dare he see something in the market that black rock sees the same as me in so far as taking a position black rocks not up in their position. You know, Wells Fargo, they're not up in their position. Goldman Sachs Goldman Sachs has been a down downgrader of the company this entire time with the likes of, you know, Stephen Fisher, as well as some of the other analysts who can't get their analysts downgrade out quick enough. After every single quarters reports, honestly, I would just block them from the calls. Now I know they can't do that because in a politically correct world that that would just be uncivilized right. I can't stand these fruit kikes. Stephen Fisher can't say two words without muttering and sputtering and spitting all over himself to try to spit out what he has to say, but I'm certain that if he puts himself and his nose in a corner. They can sit at his computer and come up with some reason as to why they need to downgrade the stock even further. While all the while the very parent company that they represent holds a pretty lofty position in the company so your guess is as good as mine as far as my soliloquy on this. I love to hear your hands land with the stock certainly love to hear your comments and and and and feedback on where I've got it wrong, where I've got it right. Love to hear your feedback as usual. I enjoy reading the comments section. This is really my only outreach once per week and now I'm taking obviously kind of a hiatus I'm making frequent videos through YouTube. It's a project that I want to cover right now. And this is what I'm going to continue to do this is what I want to do this what feels right. I, I'm one of those funny guys, you know, sometimes leading is really lonely. And, you know, I hear the pop shots over my shoulder, I do. And, you know, it's interesting to have everything that I've ever given through the channel that there can't be a little bit of just perspective and take a step back and try to ask yourself. Man, we've known Ryan a long, long time. What's he trying to do here. Why is he trying to do it. Does it have a chance of working out, because the pop shots are such to mean that in the short term, it's a stupid move. Right. What am I doing investing in a pre revenue company, which it's not anymore. We're drawing on revenue and I don't think we'll ever look back on on the days of being a pre revenue company I don't. But I think in all fairness, you know, my sincerity comes through in the message and sit back and try to understand what I'm trying to do and representing a retail community that I think gets gets the tough into the stick every now and then, or most of the time. I think if there is some stock manipulation going on here, the stock is, you know, absolutely a target for manipulation, it has been from since day one. It's been something that the company has not been able to overcome. There's a lot of good information up to this point. But, you know, it'll be interesting to see if it does. Is it if it's ever able to break through. I think the problem with it is is that the glaring fact that highly on using public markets as a proving ground to bring their product to market solidify it, justify it, sell it, integrate it, and confirm it. It's still at the same time, has really proven up to this point to be too much for highly on that as it's been too much. And we're looking at another 24 months to tack on to it, with no real clarity on what after those 24 months is going to look like. If you have speculation and I know Rick will probably comment to me and say hey all is good Ryan, you know, we're going to have 1000 orders solidified on the order book for 2024 all as well. And if that happens great, you know that's 20% of the break even 5000 that were that were that we're looking at so does it push it out to 2025 with the hopes of what boosting it up to 2500 at that point which is 50% of the anticipated build out. Is there an opportunity for some level of fleet saturation. Once they get these initial units put into play. I mean you've got seven years the profit and the margins are realized up front. But once they are put into play, new orders need to backfill the following years orders to make sure that that order book is solidified. It seems like a long way away to get to that 5000 orders. Now I'm not saying the stock is going to remain at $4 and 33 cents if we get into 2024 build slots solidified through let's say Peter built, or whatever. I find it highly speculative on our part to say that out of the 40,000 units that are turned off of the line that Peter built is all of a all of a sudden going to yield to highly on and say yeah sure you can have 1000 of those opportunities for those customers that we represent to segue into the hyper truck ERX I, I don't know I'm pretty monotone with my application there I wish I could just tell you, yeah absolutely they're going to own it all. They're going to need multiple OEMs and I, I thought being apologetic to Thomas Healy during the Jason J Mac interview was the wrong approach, I thought, you know just just apologizing for it and saying well you just you addressed this on the earnings table. I didn't think that that was the press and Thomas Healy is a big boy. Okay, he's a public CEO in a publicly traded company if he was a private company wouldn't be a problem right, but there's no need to be apologetic with regard to your plans to take the hyper truck and focus it on the one OEM that you have. But what is your sales team what is your data and analytics what what is your customer relations management software and speculative calculations tell you with regard to your break even units do we have it wrong in the retail community is it 3750 units I don't know you know there's there's no real transparency with regard to those break evens it's always just like hey trust us will be there for you. Oh, but by the way, not until the end of 2024 or the end of 2023 which basically buys them 24 months from now. We've been in public markets for 24 months, we've got another 24 months to go, you attack a year on top of that and they've built built against that order book of build slots by X number, and that's highly on in a nutshell. And I tell you what guys I'm, I'm super hungry for information I know there's people now that are really really stoked at the stability of the stock price but the stock and the company both are very vulnerable, as far as I'm concerned. Okay, I don't understand this I anticipated that information again would go lean and sparse on the line. That's why I don't understand man, if if Thomas Healy can't find 30 minutes out of his time to come on my channel and share the story from his perspective, with myself being the one that's that's answer asking the questions of Mr Healy. I question the acknowledgement the retail community that owns 34% to this company, excuse me, 37% 37% to this company has owned by public markets that are down 100% in this company at this particular juncture, and that give back is too much on behalf of Thomas Healy, and his team to recommend coming on to a social media channel like myself who is represented, highly on holdings from the beginning. I don't know. I'll leave that on the shelf. I'll leave it as a delta. It's one of those things that has. It's always bothered me a little bit. It's one of the reasons why just in spite of the system. I come on once a week and I share my thoughts and people say hey you know my time is too valuable. You got to do an eight minute video highly on I can't do that I won't do it. If this does turn the corner and fleets are interested in this to the point that we cannot forecast and the last 24 months have proved to us just that. I didn't know Monet even existed. I didn't know return it even existed. I didn't know some of these fleets you know where's ideal ease that highly on has put themselves in bed with a lot of companies out there. There's no doubt about it. I can't name one from Nikola. Now I don't I don't cover Nikola in all fairness, but am I missing this. Are there customers out there that have actually put the Nikola product in play and actually have turned back positive feedback for their interactions with the company and I'm just not seeing it. That's the further along of highly on that I see and the recess stock price to boot is just kind of a dummy whammy. I don't I don't get it and to be honest with you guys. If there were good news out next week and anhyzer bush or Budweiser comes out and puts in an order of, you know, 5,000, 4,000, 25, 100 hyper truck ERX is binding at the end of 2024 and 250 of those solidified build slots with Peter built. I have zero confidence that the stock would even move on the news. I think the stock would move, and then it would go right back down again. Why? Because the retail community has been so pulverized, even investors like myself that no conviction is the only way on a company like this. We've been pulverized so bad, but any any positive move that or any positive news that's been released has been taken and fallen on deaf ears. As far as the stock goes, the company benefits for it. The company is progressing. The company is making notable strides, not in not in significant strides and not and not incredible strides, but they're making notable strides. There's nothing here to look at and say, Wow, I've got to liquidate my position highly honest looking like that they're bearing and exiting stage right. They're, they're, they're solidifying their order books, they're transitioning from reservations to orders with deposits. All these are positive moves. What more does the stock market want? There are those many many companies that I cover out there that I even invest in that don't have half of the prospects that highly on has. I think we're just approaching a specific catalyst that nobody, not even myself can put their thumb on, but us investors that are bullish on the know that it's inevitable at some point down the line that over the course of this bridging, we will have a chance to encounter that catalyst and really have something special on our hands. Then sentimental of course change, even with my tone and tenor, you know, I'll come on here and be like, Okay, you know, at least the company is trading at a reasonable valuation. There's no reason why this company shouldn't be trading at one one and a quarter billion. There's no no reason in my mind one one and a half bill. You know, it's going to take the solidification of the order book because really, as far as the market goes, it's discredited all of its existing order book up until now. It's as if they're saying that they're not going to turn back any revenue from those or maybe they are, but it's not going to result in any type of follow one orders with with regard to that order book and solidification. But that's what it really comes down to. What what is the prospects for cash flow generation with this company. And, you know, I was surprised at the 200,000. You know, for a $750 billion company $750 million market cap right now with such anemic revenues on the top end. They do have to do better they know it and I believe that they will. And I believe that the stock price will be drug along at some point kicking and screaming because there's got to be investors out there a lot less tough than me that are pissed off. They just pissed off that I'm not saying that I don't have a specific degree of pissed off in this some somewhere deep inside of me and, you know, I, Thomas Healy seems to be taking the high road here but man what a, what an interesting kind of kick in the teeth as well to to bring your solution to public markets only to have it fall on such deaf years it's really no man's land for the stock right now. I think it's unfortunate. I think there's companies that really are getting favor. And right now let's just call it for what it is highly on holdings is out of favor. Even though after the last month or so, the stock has found its footing. I think, as shaky a ground as I consider it to be, I would consider this now the 4% dip on Friday I didn't even understand. There was no news, and the stock just dips 4% for no reason I don't understand it. All the while nickel I think ran up 40% for the week. I don't, I don't understand it at all. It's pretty frustrating, but we'll continue to remain in the pocket and continue to fight the battle anyway. My questions for Thomas Healy will be real simple and I think you guys can agree with these and the idea behind them. I think there's certainly placed on specifications with regard to fuel savings on the hybrid EX side with regard to the fuel savings on the CNG side specific to competition, as well as the 120 miles of additional savings that they get saving, excuse me the 120 horsepower on the CNG side competition, and then the 25% diesel savings I guess let's just call it that specifications. Where's the justification for said specifications on these units where they made up where they derived at a test track where they put under realistic rigors of over the road transport and the class eight space. Where did the 1000 miles of hyper truck ERX range come from. What is the horsepower of the hyper truck ERX is it 550 horsepower, and is it 650 horsepower is it 1345 horsepower. These mixed messages are just interesting enough to me and somebody called it walls, where's Waldo. I thought it was the closest to truth that I saw got a little chuckle out of me anyway, to release the information that way. On the new commercial that Thomas Healy is doing that's, you know, hopefully going to drive some interest and awareness to the to the company. Who knows, we'll see. I don't know, but the specifications is the equipment going to be able to perform as specified to deliver to these fleets the very calculations that we're using to drive this TCO on the bottom line. Where is the validation, where is the testing parameters, where is the standards by which these specifications are drawn from and measured against. This would be something that I would be interested to hear an engineer's perspective. Thomas Healy's on where they came up with this stuff and I don't mean to sound like a Debbie downer guys I really don't but I tell you what this has been something that I think about a lot in my continued due diligence to this company I don't do due diligence on any other company I own right now I don't need to highly unneeds my attention. And as I get hyper focused on this company. Am I am I suffering from over analysis, am I and analyzing and being too critical. These are all fair rhetorical questions the company some may say, absolutely Ryan you just have to trust them at all cost specifications are there. Ryan you got to just trust trust trust. It's not fair to ask what is going to drive the table talk discussions with an anhyzer bush when you sit down with them and look to sell them on multiple years of orders. They've already put the hyper truck ERX into the rigors of their own fleets, and they were able to derive differing specifications, then what highly on has been so open with an adamant over the course of the highly on story I mean they have been asked, I have seen no differing figures on the 1000 plus a range on the hyper truck ERX, can that specification be met on the onset and maintained through the life of the truck. Now there's a question for you. Nothing ever performs as good as it does brand new diesel actually maybe potentially performs better on the onset once it's broken in there's a sweet spot of efficiency and then efficiency starts to die down. And it starts to incur maintenance costs over the long term but specifications are a big one to be one that I would ask Thomas Healy to allude to how they came up and derived at arrived at the numbers that they did for both the hybrid EX product, as well as the hyper truck ERX. Second thing I would ask is regarding durability. We're talking about seven years on the white side 10 years plus in providing payback to the fleets, fleets are going to be looking at this as an investment. Hyper truck looks great. It really does. But let's be real. It has to perform. And if it does not perform highly on will fail. It really will. All of these public market markets all the long leash, all of the funding that's been provided all of the hundreds and hundreds of millions of dollars lost all of the R&D flushed down the toilet. If this company cannot put a product in the hands of the fleets that number one provide the specifications that I just talked about additional payload. Okay, additional horsepower and torque and extended range. If they cannot provide those things. Then what are we talking about here guys. Okay, those will drive the TCO bottom line. Okay, but with regard to durability durability is a different issue. And they're talking about winter validation speaking to the durability piece. Okay, they brought FEV in which are leading industry experts in the engineering field to identify the small things that could fail, wiring harnesses, things like that. What can be expected with regard to salt on the roads and certain applications snow mud. How are those going to mix with the wiring, the undercarriage treatment, all of the things that go with putting that truck into over the road service and getting some sort of predictable durability back out of the product durability durability. There's 2700 miles on the hyper truck ERX right now. You don't think that it's fair for an investor like myself with just over 12,000 shares the company. I have just as many shares as the top hedge funds that I disclose to you guys and I'm just a one guy. This isn't, you know, cornerstone capital solutions hedge fund. This is Ryan, Ryan, this is me. This is that's it. And I've got more shares than they do. Okay, but is this not fair to ask with regard to the durability. If you're looking to say well okay, the specifications are in line. We can expect those specifications to tail off in a certain degree, but we can expect to get on the bottom line seven years, eight years, nine years and maybe 10 years plus as a bonus anywhere in that range. So if we are to identify that the durability falls off quicker than what we anticipated, let's say around year four, year five, year six, year seven, we have problems in Houston. I mean, in Austin, we have problems. And I often come back to this and say well, we're going to build new hyper trucks it's not going to be the iteration that Jason sat in when he went down there to Austin to drive it's going to be a better version. Let's hope. Okay, let's hope it's the best version that they possibly have in light of the two years that they've had in public markets relying on and resting upon the retail community and institutional investors alike to get this product right. They don't have any other choice, but to get this product right, but from a durability perspective, this product has to perform under the rigors of over the over the road trucking and long haul trucking in the class a space it has to perform. It's just that simple. So what type of validation has been put into making the assessment on the hyper truck yaw racks that it can meet those rigors and meet the demands of the class eight space. And it can maintain its durability through that service life to make sure that that bottom line TCO can be met on the specifications that we're looking to sell industry on. And durability. The next is of interest to me and Rick Schnellman shared a great YouTube video on Volvo Penta the OEM and said here's why you don't invest in Nicola. It's very very. It's amazing the OEM. I've been to Redford Detroit diesel, the OEM. He's right. It's incredible. I still remember to this day some of the details that I saw at Detroit diesel. The inner workings of the line and the assistance of every little machine tool that the workers had the precision in delivering the products to the line so as not to hold up the line. It is it is an engineering marvel in and of itself and Thomas Healy knows this. He does. That's why I speak so highly about the relationship that they have Peter built. I can expect that Peter built has something similar to turn out 40,000 trucks per year. The video itself was on was on Volvo Penta. And if you pay particular attention to the video it was it was a good long video on OEMs. They came to the part about safety. And it caught my attention. And as scrutinizing a mind as I have and maybe maybe to some people's dislike. And that's totally fine. I welcome to have your opinion of me and believe what you will about me and believe that I my story is misconstrued or I don't have all the facts but my question to Mr. Healy would be very simple. What type of safety acknowledgement would be placed on a hyper truck ERX without the compliments of a main diesel engine, as opposed to a diesel generator ahead of the cockpit. What type of frame reinforcements have been thought about what type of crash tests, if any, have the hyper truck ERX been put through. Volvo Penta and the video on the OEM perspective talked about some extraordinary collisions collisions from the front quarter where only hit half of the truck on the driver's side. I don't know how often they they go with a tandem, like a co pilot, and there's two people in the truck again I'm not a trucker I don't want to misspeak. But if if there was an impact on the side of the driver, how could that isolated impact, potentially impact the driver and they showed the impact test that they do at the facility, specifically. Is this going to be part of the certification through the EPA through NIPSA through through the car, which is emissions but you know, have those concessions and acknowledgments happened at Ilion. You know, it's it's an easy thing to say safety is our paramount priority. But when you see Volvo Penta walking the walk and running their trucks through the rigor of, you know, driver safety after building them off the line and making sure that every single truck that comes off that OEM line is perfect to specifications. We can, we can actually presume or forecast that not a lot has been done on this front. So it's a concern on my part to say look, if the hyper truck ERX is involved in a head on collision, going 65 miles an hour is this a realistic scenario. I don't know what the test and rigor that these trucks need to be put through to ensure driver safety have been put through, but would it change the game by not having that main diesel engine in ahead of the cockpit, as opposed to having that generator on board there. Furthermore, with regard to the safety protocol, what additional safety features are necessary when you've got a compressed natural gas tank on the back of it? What can be expected from that tank? How will that tank actually perform if it's engulfed in flame? Will there be a potential for blevy? Will it ignite? Is there protections that are built into it for the driver safety to actually get out of the cab before any of those things can transpire? You know, what happens if you have a catastrophic loss of the tank? All kinds of different scenarios to ask yourself. And it all comes down for me. Again, one word. I've never heard anybody talk to Thomas Healy about the perspective of safety, driver safety with regard to this wonderful idea. Yes, wonderful idea. But when we start to look at the bridge between a wonderful idea and yes, what they have now in all fairness to be a prototype and getting to a certified final product that industry is salivating at the mouth to get a hold of, I think we're a ways away from that. I hope I'm overthinking that. I do. I think that concessions have absolutely been made. If you're going to put a truck on the road, those concessions have to be made with regard to driver safety and the like. And I would love to hear it from the head guy, what they've done internally or externally through data, through statistical and analytical review of the safety protocol that exists with the hyper truck ERX. Sometimes I come back to this sleight of hand with highly unholdings, and I can't help but to feel slighted a little bit. And here's why. I thought they were a little more along the lines with a final product. Come to find out. I own a lot of the company. And then I come to find out or two years away. Now part of that is not highly on spot with the supply chain issues, I get that. But part of the sleight of hand that I'm referring to specifically is with regard to this idea that renewable natural gas could drive a net negative carbon emissions profile. And here's why I believe that this is somewhat of a sleight of hand and I'd love to hear Thomas Healey's explanation as to what is going to be realistically feasible in the fuel of choice that's put into the hyper truck ERX is renewable natural gas readily available to go into the hyper truck ERX as we speak. The answer is no, no, it's not. And I think the sleight of hand existed with compressed natural gas being readily available through the ANG network of 729 stations across North America to provide fuel right now to the hyper truck. Now the hyper truck drives a net carbon negative profile if it has the ability to draw from biomass from landfills from dairy farms etc those types of things, and we're able to take that renewable natural gas, i.e. methane, put it into the tank and run the onboard generator on board a hyper truck ERX to say look, we were using this methane to drive the truck where it would have been off gas to the atmosphere, therefore, driving down that net negative profile in carbon emissions. Verdict is still out for me a little bit here, guys. How available is renewable natural gas going to be over the next five years? Are these fleets realistically going to be driving the hyper truck ERX with the expectation that they're going to be able to fuel those rigs with renewable natural gas? Or are they going to have to put compressed natural gas into these rigs because of the lack of availability of renewable natural gas? What is the permitting and uptick of renewable natural gas availability? Now this Thomas has talked about last year at the ACT expo, he spoke about these things, but how realistic are these? And these, again, come back to the whole sleight of hand idea that somehow the hyper truck ERX was going to light the industry on fire and fleets were going to be made available a product that they were going to be able to burn renewable natural gas and take that net negative difference and offset some of the positive carbon emissions score that their companies, large companies are subject to on their carbon suitability profile and look to offset some of those figures, how much offsetting is going to be able to be done with compressed natural gas? How much cleaner of a fuel is it than renewable natural gas? Or how less cleaner of a fuel comparatively speaking to renewables is there? Am I looking into that too far? But for me, it's been a shift away from this discussion about renewable natural gas and more of a discussion about the focus on CNG, which is plastered right on the prototype of the hyper truck ERX. Is that the dominant fuel here? And RNG is just a pipe dream, no pun intended, where there is no pipe infrastructure or there is very little availability to even rest upon as a viable fuel for fleets to rely on consistency consistently as a fuel of choice within their industry. This is something that has bothered me a little bit in the acute in the short term because, you know, on the onset, I presumed that the RNG was going to be made a lot more available through the existing infrastructure through the CNG plants. Now, ANG may have something up their sleeve as far as how they're going to put this to the trucks. They do have a hyper truck order in reservation, excuse me, of 250 as of today. Whether or not they're looking to transition some of their orders over, I've never seen the Innovation Council step forward and provide any solidified binding orders. I don't see any hurry to do that. Are we subject to this no man's land that we're in and have been in for the last couple months, I would say, ever since the Q4 call? Yeah, I think we probably are. Do we have great things on the horizon? Probably. Yeah, we probably do, but they're going to have to surgically and strategically offer this information to the marketplace because I don't know how much longer the stock can hold in here. And there's a lot of people talking. Look, if it goes below $3, people are going to be starting to buy up 10,000 shares. That's a bunch of crap. You're not going to do that. You're not going to do it. It's a lot easier said than done. There's a lot of people right now that are talking high on their high horse about how much stock they're going to load the boat on right now. When, in fact, over the next coming years, I paint a picture, not of roses. Highly on is going to have to work incredibly hard, harder than they've ever worked before to make sure that these visions aren't for not, that these good ideas aren't for not. That a paradigm shift in the industry and looking to move to something other than renewables or even C&G as something that's maybe even more viable. Talk about that in just a sec here. But what asked Thomas Healy about the insistence upon solidifying the board so often and so early in the game? Okay. I hope there's highly unsure holders out there that can provide me some insight and say, Ryan, you're a little off here. You're a little hard over on this one. Okay. Perhaps this isn't meant to be hard over or soft over. It's meant to be an observation. When I look at the team and the hiring and the solidification of the upper management, the sales team, the CFO, I love. I think she's fabulous. I think Sherry Baker was a home run. Some of the other executives that they've picked up, excuse me, in the upper management, but the executive team highly on gets an A plus in this category. Okay. I'm also quick to say, what was the insistence upon building out that board, the upper management, not so much the upper management, but the board of directors so fast. Can anybody answer me that question? Can anybody provide me one iota of dividends paid back to highly on holdings from being so quick to solidify that board? Now, remember in the face of a market that has provided zero, zero financial benefit to the very institutions and retail investors that provided the funding through the SPAC process and the issuance of warrants up front. In the face of that, we rushed to solidify a board of directors that again I provide and I contend is an A plus home run for highly on. What is it that has been garnered up to this point from that board of directors? Can anybody help me? I think there's connections to the government. I don't know about it. Mr. Knight, right? Elaine Chao, connections to the government. What is transpired from it? This is my assessment, zero. Okay. So my question to Thomas Healy was with the insistence of solidifying the board so early in the game. What is it that you expect for your vision for the future to come from solidifying that board and bringing them on to the highly on experience so early in the game. To expect that those connections would be there. That those connections and networking and sheer access to information within the industry would pay dividends for how they uphold this. Is that what we're to expect from this board of directors? Because it's interesting, you know, from my perspective from a small chair, a small corner of social media, it seems like we solidified this board of directors, and I give kudos to the initiative to do so. And there has been all of zero, zero payback on that front. Okay, zero. I hope I'm wrong going forward. I believe that I will be. And I hope I will be for the good of myself and other shareholders in this company that are patiently waiting and will continue to wait inevitably. This leash that I refer to with highly on, we've allowed the dog to pull the leash away from us. Our neon dog is running hundreds and hundreds of miles away from us at this point. And I just can only hope that they're doing great things with this long leash that we've provided them. Okay. Another thing that is of interest to me in discussing the green initiative and the reduction of greenhouse gas emissions and targeted focusing on those industries that have been known to be problem children with regard to their social governance and their environmental governance and, you know, their stewardship needing to improve over time. The knock on full electric up to this point, there's a lot. I don't invest in full electric. I'm not a fan of Tesla. I'm not a fan of the pressure that that's going to put on the regulated utilities and the grid. I'm not a fan of full electric, especially in the class eight space. I think full electric will have its place yada yada and even that is hard for me to say, because I just don't see the technology as as as as tried and true as it needs to be right right now to get as much favor as it gets right now. And that favor certainly bleeds over into the class eight space. I mean, the class eight Tesla semi program has been nothing but a disaster. It's been an absolute nightmare. It's been a complete and utter failure. The stock goes up every day. So you can be the best investor out there and still not make money. It's just that simple. You can invest in a company that you've done due diligence on and still lose money. What do you do. Do you pull trucks and just put all your money into Tesla and hope that the valuation that is unjustifiable at these levels will somehow make it justifiable at some point in the future. I think the very product is what's flawed with Tesla, whereas with highly and I think the product is its absolute strong suit. I call it a one trick pony. I believe that that one product that they have can revolutionize an industry that is the number one polluter on this earth. It's one of those cornerstones of conviction that I've always had in highly on and looking at this opportunity as having the viable that can be put into place to actually put into the rigors of class eight the specifications that I demand a little bit more validation on the durability that I believe that they can achieve can really turn back some bottom line benefits for the industry that they look to serve. But what if nuclear energy is brought into the play. We have brought more nuclear reactors online within the last few years than we have in the previous 30 years. Okay, we are shifting big time to nuclear energy. The bill that was signed in play November of last year provided a car valid in the tune of a billion and a half dollars to reinstate to make sure that the existing nuclear facilities that we have can continue to maintain the load on the energy grid and provide that nuclear energy. What about the availability of that said uranium to provide that nuclear energy on all fronts. What if the argument dies away that the coal fired plants that's providing the very electricity that goes to the charging grid is now substituted or augmented with nuclear power. Does the appeal of RNG fizzle. Does the lack of availability of fossil fuels call it causing this feeding frenzy right now of oil with with just three years short years ago, it nobody wanted to even take a bath in it, let alone owed it as a commodity. And now all of a sudden it's trading right along with any other commodity. It's the hottest commodity out there going oil. What if nuclear actually moves into the picture, and we actually start to step in that direction, as opposed to, you know, looking at an opportunity with a compressed natural gas which unfortunately falls under the umbrella of a fossil fuel. Right. So I think some of the political implications here. There are pressures that are high holding highly on down. And I just can't put my thumb on it right now. I'm just about as confused as you guys. But I wanted to touch on these few things that I feel are of interest to me at this point with owning this stock. I want to continue to footstomp the message and keep the awareness going on the company. I hear very kind comments come through and for you guys that appreciate my comments and continued steadfast message every week on highly on really appreciate you guys and the support that you guys give me. I like it. I really enjoy this. I enjoy being invested in the company. But I tell you what over the last two years, it's been nothing more than a feudal mental game and a mental anguish, because you can you can almost take a dartboard and throw a dart at it and own whatever stock hits that dartboard. And that stock is going to go up, and it's going to go down. And it's going to go up and it's going to go down. And it's going to go up and it's going to go down. And the difference between that scenario that I just told you out of sheer luck, just picking a company out of the thin, clear, thin blue sky, right, and highly on holdings is that highly on holdings. As far as its emergence into public markets have forgotten that it has never gone up. Never. It has done nothing but go down. It has gone down. It's gone down. It's it's gone down. And it's gone down. And it's gone down. And no stock does that. No stock does that. I cannot put my thumb on it. And I will not chalk it up to market manipulation. Could it be. Yes, I have some premonition that that is partially the problem. Partially, that highly on had a bullseye on its back ever since it came to public markets. And I think a lot of that bullseye being on their back has been by nature of the fact that they took a chance on coming to public markets to close the gap in progress when they should have been farther along the path to progress or the prep path to a real and viable product to earn a bottom line profit, as opposed to just inevitably, hopefully, gaining some sort of revenue revenue garnered in the last year was immaterial to use Sherry Baker's words with the company. But there seem to be a lot of people that are excited about this company. I provided you guys some insights at the top of the show to show the net inflows into this company might suggest that I'm not the only one. And may sayers in my inner circle that are whispering in my ear are in fact behind me. And for you guys that dare to lead. It's tough. It's tough. It's tough to stake your claim. It's tough to remain convicted. It's easy to second guess. It's easy to bow out stage right. It's easy to throw in the towel. All of those things are easy to do. And if the stock market were that easy to beat. If the stock market was that easy to predict. If the stock market was that easy to look at and say, all I have to do is work really really hard at it. Everybody would do this, but the stock market has a great way of weeding people out. It has a great way of rewarding the tough. And it has a great way over time, not in the acute, but over the long term of getting it right, where in the face of over the short term, it all too often gets it wrong. Guys, thank you so much. I'd invite you to leave your comments at the bottom of this video, a little different tone and tenor in this video. I do this every week. We're going to talk highly on holdings every week until rapture. We've got 24 months. We're going to identify the catalysts as they come up. If any of the topics jogged your thought processes, strike up a dialogue with me if you think that I'm completely off off base or if you want to join the inner circle behind you think that I'm crazy and I'll never make a dime with this stock. No problem. Join the inner circle. It's no problem. I lead from the front. And although I do hear the whispers behind me, I'd like to reemphasize to you that they are in fact behind me. Hit the like button. Hit the notification bell if you like videos like this guys. Thank you so much for tuning in. The totality of this message and good luck in your investment future.