 At present, Hylian is trading in line with where the small cap market is trading, especially the micro cap market. It is safe to say that we are in a different time than we were in the back half of the last decade, which saw exuberant valuations across the board in large capitalization markets, as well as speculative markets. You could throw really anything to the stock market and make money. We're not in that environment. I think the stock market now post-pandemic is actually feeling out those specific opportunities, one in particular that I've talked about. These are one of the top two conviction buys right now in the stock market. Hylian Holdings is the focus of this particular video. We will go for 30 minutes on this. We will cut it a little bit short. We are in for the calm before the storm here as we are right smack immersed in the middle of not only a short selling frenzy, which will subside at some point. The attack is rampant and not to be assisted by what has been a fairly quiet period for Hylian and way of orders. They are looking to focus on solidifying that 210 order book that they've got and make sure that the products that are delivered on that front really evade some of the problems that have plagued both Tesla and Nikola news. Just this week, Nikola recalled all their Bev vehicles, which the stock should have dropped 50%. That's what should have happened. It's a fickle market when you look at what happens in way of stock action from day to day. My friends, I wouldn't gauge your investing thesis based on the stock action day to day. And I would suggest that right now with this current stock price and what we know about the company's goings on, I wouldn't pay too much material attention or pay too much credence or give too much value right now on where things are. The entire micro market is recessed and Hylian is caught up in that. There are really a frenzied swarm of people looking to make money in any capacity. It appears as if long investing is dead on arrival. We are at record lows for people who are in the market. These are typically the times where the market actually turns and proves everybody wrong. Those looking for strategic opportunities will get burned to the upside and long investors will be paid back for doing the very simple time in the market as opposed to trying to time the market. Now, if I'm going to be guilty of timing the market right now in April of 2023, it will be safe to say that I'm continuing to fund markets on a dollar cost average schedule. And by doing so, I buy the dips and volatility in the market and I sleep easy doing so. It's not a huge risk. There's something I want to talk about within the investor community and that has to do with scale. There's a lot of people out there that have invested in Hylian. They follow both my message and a few others on YouTube that are providing some fantastic content out there, really trying to fortify the positive outreach on the forward reaching side of the house where Hylian is focused on other initiatives right now. We would safely suggest that it's OEM integration. It is finalizing certification and it is extrapolating the data achieved from last year's summer and now into this last winter's winter validation and testing, which we understand on the last quarterly call to be extremely valuable to the company. There were some improvements made and you don't subject your product to that type of rigor without some sort of learning that comes out of it. The expanded fleet trials guys is next on the checklist here and it's going to be amazing to see the Hylian product and see if this extra time that's been spent in really fortifying this product, the ERX product is was time well spent. It may have been at the expense of shareholder patients. It may have been at the expense of shareholder value, but I think something to keep in mind is that additional time that is being scrutinized so heavily now may actually pay off exponentially into the future and that's the portion of the Hylian opportunity that I don't think people see. I don't think people truly understand that if they're dragging their feet or they've grown complacent in their applications, none of which I think is true. I think Hylian has demonstrated that they want to go through the due diligence that is necessary and we forget relationships that they've made along the line with industry, with OEM and specifically with FEV. I think people forget the monumental piece that they played in bringing Hylian's technology to bear here and getting it to the stage that we're in right now in really staring down that potential for commercialization, expanded fleet trials and rollouts and then to get some of those respective fleet specific orders on the docket for going into 2024. I just think we're in that cooling period right now. I called it the Ice Age and that's just where we are. I've been right in my assessment. In the meantime, the players will play games in the stock market. There's no doubt about it. For those people who think they know where the stock is going lower or higher, it's a futile effort. At this point, I've had some fun and played my thesis. You would have been right for the last 24 months to suggest that the stock would do nothing but go down. Where the stock ran up on its initial SPAC craze, it has done the complete reciprocation of that stock action. I've said many times what's going on in this market. Yes, for a lot of the untrained is humbling. I understand that, but stock market investing needs to be kept in a box. And especially you folks out there, I want to talk about your highly unshared and scale. A lot of you guys have smaller positions and you're losing your shorts. Some of the contributing factors to losing your shorts right now are due to inexperience, over-leveraging, and misinterpreting the opportunity. Those three things in some capacity, large or small in each of those categories, is probably sending you on an emotional roller coaster. When I talk about scale, the magnitude that can be exacerbated by the amount of scale that you have in this particular offering can really be put into perspective when you look at the fact, look, if you're a 500 share owner and you're losing your shorts over this thing, where you can find value in my counsel, it is an understanding, the opportunity to the upside here, understanding that if you're satisfied with your position or you think you're over the lever a little bit, stop adding to the position. I think there is real value in either one of those two methods, but where you have the third option of just selling out of the stock, I think that sometimes is the most alluring for people now when they look at it and they're like, okay, I've got a 500 share position. I can salvage the dollars that are left in the company, all of the same undisciplined, untrained deliberations that we go through in looking at a stock position and not realizing that the stock itself is what we're after. Right now, we're not expecting price appreciation based on what we've known the market to deliver for Hylian. I just draw it down a few things that and amongst many, many others, when we start to get into the specifics of the ERX, we start to identify that if these guys can do what it is they're projecting that they can do, there's been a few tests to lead us to believe that this Hypertruck ERX can actually go for those extended distance and meet a huge pain point in the industry. I'm quoting the CEO from Agility in providing a product that is scary good in its specifics and its specifications. Okay, but the stock market currently is providing zero value to the business side of Hylian. Okay, right now, Hylian stock price is pricing about a $250 million company. They're sitting on about $350 to $400 million of cash, depending on how those short and medium term investments that they've got to augment their cash position or performing. But let's just call it $350 million in cash right now. The stock market is devaluing the input and relationships and collaborations that's already been guarded and proved out for investors in the company through FEV. FEV played a critical role in bringing the technology to bear, working through some of the kinks, consolidating the shipping and packaging surrounding the hybrid unit at the time when the first iteration of the hybrid came out. Remember that whole product changed from the original hybrid to the EX-1. And FEV played a phenomenal role in that. I suspect that FEV will also play a critical role from a behind the scenes perspective in ensuring that the engineering and the specifications behind the technology can actually be put to the rigor and expected to be performing up to par in the service that we expect it to deliver on the OEMs. The current stock market is pricing highly on at zero, as if they might have a relationship with Peterbilt and Freightliner, Pack R, but there will be nothing materialized from it. Nothing. Stock market currently right now is pricing highly on as a go out of business. Now, if your investing thesis is in agreement with the current posture on highly on and you suspect that the company is going out of business, then just invest accordingly. I don't invest in the company presuming that all of these things are just going to dissolve away. Orders. Orders are going to stop. If nothing else over the last three years, listen, as choppy as it's been with the order book and the solidification of the queue and splitting the definition between orders and reservations, it has grown in the last three years. Now, you can argue that it hasn't grown quick enough or you would have liked to have seen it grow faster or you would have liked to have seen it grow in accordance with what their projections would suggest that they could grow at. You could even suggest that they lied on those projections, which I have made that conjecture many, many times. None of that really matters. It's their job to be presumptuous. If you put undue reliance on those statistics, which I felt were misleading, I've been very, very clear on this point, then so be it. It's all fair and love and war in the investing game. As long as everything is properly disclaimed, there is no case right now based on feeling hurt in the stock market or looking at the current juncture and wanting to blame highly on right now for where we are, a recess stock price going into the middle or back half of 2023 and not really understanding where we are with the current stock market. It feels like we are on shaky ground. Everybody when the market goes down one day are talking about the recession is inevitable. I'm not in that camp. We will see and we will evaluate whether or not we've entered into and come out of a recession. Typically, you do that process without even knowing it. Calling or even worse trying to invest around the prospects of a recession is just a futile game that you will lose. I've said many, many times for share owners in the company to either buy and hold the company or don't own it at all. Those two extremes are the only way that you can make it. Make it, don't invest. Company goes out of business. You win. Invest in the company highly on materializes on some of the relationships we know exist. Unless they're completely lying about everything, which I don't operate along that presumption, the world needs this solution. I do believe that Thomas Healy has been hard to work on this project for the better part of the last seven or eight years. I do believe that the relationships with Pack R and Dana and some of the many other players and the evolution of integrating and augmenting and really asking industry, soliciting for industry input on this product has brought us to where we are now. Okay. But the hybrid unit is being priced at zero. The Carnot generator is being priced at zero. The customer growth is being priced as if customer growth will stall out and cease to exist. See, I find that funny if we were going to look at a trajectory of customer growth over the last three years in public markets. I have to suggest that customer growth, customer engagement, customer awareness in all different platforms, some more strategically placed than others, some probably more successful than others is going to Davos in the company's best interest. Well, I don't know. It's better to go and then weigh that impact after the ACT Expo is that in highly on its best interest to place themselves right next to Peterbilt, the very OEM that they have projected to have relationship with and is going to be their go-to-market strategy in just a few short months. The stock market is pricing the stock as if it's not going to follow through on that relationship with Peterbilt. I beg to differ. So at this particular juncture, when I talk about the disconnect, there was no bottom end on the disconnect that I offered through the channel to somehow explain where we could go on either end of the extremes. It's impossible to forecast that. There are factors at play right now that are going into this. As soon as Hylian wants to move on this thing, I think some momentum will be built up and I think we'll see a pop in the stock. I will be on board for that inevitable day, my friends, whether or not we see 50 cents or some people are calling for one cent, fine. You can call for whatever you want, okay? Call for 2.2 cents. It's a material. It's irrelevant. And at this particular point, with the grander global situation and grander economic situation globally and people kind of feeling like we're on sketchy ground right now, it'd be interesting to see what tech earnings bring next week. I've talked about this. Maybe it breeds a little bit of life into the stock market where I've monitored it for the last couple of years, if not the last three years. And it's been pretty horrendous. So this type of speculative investing at a time like this is going to require very, very simple application of patience. That's what it's going to take, all right? Selling out now, boy oh boy, that's one of three options that I think is off the table now, okay? Look, come talk to me, ask me when the stock hits $25, say Ryan, I want to parlay some money for my kid's education. Great. That's the type of opportunity we need to look at. But chopping the shares now is really probably a far cry from the top two options, which the easiest of all options is just to hold true. If you don't want to average down and you feel like the stock in its slippery slope is going to $0.50 or whatever it is, so be it. I've waited these opportunities out. I've seen them go down before, okay? In hindsight, I would have loved to have just sat on cash here and waited for the company. If I was going to forecast where the company has gone and the company's inability to try to fight what has been a slippery slope and an obvious punishment to shareholders, really. It's amazing to me how the company has chosen this strategic timeframe to go absolutely silent on the line. I mean, absolutely silent. Thomas Healy had a video come out this week, which was quite good, but it takes weeks and weeks in preparation to polish this amazing product that they put out for two or three minutes of a video that they dropped through Twitter and they dropped through their Healy on. There's other strategic ways, and they need to get more creative with their outreach, and they have chosen not to do that. Could the stock go down to $0.50 based on their lack of acknowledgement to the stock, to the share price? Absolutely, it could. Absolutely. I'll continue to sit on the sideline here and pick up strategic shares in these recessed valuations, which I think anything south of $3 is an absolute steal. If you picked up shares at $2.50, if you're picking up shares at $1.50 or below, if you're waiting for the stock to get below $1, no problem. I will be there buying the stock. It's just that simple. I want to accumulate shares in this company because I believe in the product and nothing has changed. We had Freeman Jones actually release a video when he talked about this very thing. What has changed with the company? Is it the same company at $58 as it is here at $1.50? I would suggest that it's better now at $1.50 than it was at $58. We know so much more now at $1.50 than we did at $58. We're out of that minutia, if not still, stuck in the mud a little bit from the egg on the face mentality that anything that was coming out of the SPAC era deserves to dissolve away and go away. They shouldn't have been allowed to come to public markets in the first place. It's Hylian's job to prove them wrong in that they were close enough to commercialization and the SPAC funding that did come through helped accelerate their technology to the mainstream. This is a prove it story. Do I think it's going to unfold that way? Well, with the relationships and the few positive catalysts that I earmark over the next, let's say coming couple of years, have a real chance of materializing. What are we going to be evaluating with the FEV relationship? What are we going to be identifying with their relationship with PACCAR? Will there be other OEMs? Will they have integrated the freight liner line as well as the Peterbilt line? Will there be other strategic rollouts with other OEMs? We have heard nothing on this front. Absolutely nothing. But in two years' time, will the story be just as the stock market will suggest it to be now, in that that story will continue to be dormant? I'm betting on the fact that they have penetrated the market enough to get their name out there enough with a phenomenal product, yes. But I do think that there's a lot of work in discovery with Hylian and integrating with industry and making sure that fleets have a chance to get this product in their hands and utilize the product and determine for themselves whether or not it is an alternative to diesel. What type of TCOs they drive, whether or not the benefit is worth it. And if they're experiencing not only the TCO benefit, but also the benefit on the political front with regard to what we all know needs to happen and it needs to happen now, and that is to reduce the pollution from the class 8 trucking industry, Hylian is the solution. And if I was going to summarize my bullish thesis and give you an elevator pitch on that, that is exactly what we're investing in. We are investing in a solution that is top tier. You can say that they're top three, if that's what you want, you could say that they're top five, you can say that they're top 10. But in a $1 trillion industry to be priced at zero right now, Hylian has given zero credit for their business, absolutely zero. I'll say it again, it is priced at zero. So when we talk about scale, we talk about the number of shares that you have, keep it in perspective with regard to your opportunity long term. And that's what we're going to mention now, the opportunity going forward is super, super difficult to see when we're going through a very, very difficult time, if not the most difficult time with the stock. That's why it's incumbent upon a strong community to stay together. People have thrown tomatoes at me. They think that somehow I'm a bad guy because I give a quick look. I don't like to see the stock recess just as much as the next guy. I don't. I'm not going to come on and tell you that it's all roses right now and that absolutely with 100% certainty, this thing is going to absolutely pay dividends into the future. I'm not going to do that. It's immaterial to talk about that. All we need to do is get a little bit of firm footing of predictable metrics with this company and get this thing up to $5, $6. And I think that's the first stage. When I talk about people starting investing, I don't tell them to become a millionaire overnight. I tell them to get the first $500 but away. Investing in a company like this requires a level of risk tolerance that is outside of most people's capability, really is. So you need to ask yourself whether or not you enjoy engaging in this opportunity to own the shares and not lose track of the very opportunity that we're talking about. The stock price is immaterial. I've touched on this a little bit. This will really help solidify people's understanding of we are going to be in a situation, let's just say six months removed of now. Let's just say around Thanksgiving time. Are we going to be giving thanks or are we going to be counting the stars? But one thing we have in common is that each and every one of us will be here. We'll be here six months from now. We'll be deliberating and we'll be reflecting on the ice age. We will be suggesting that perhaps maybe we've encountered a couple of those catalysts, maybe not at all. Maybe not at all. But what I am asking you to do, my friends, and this is a strategy that I have not deployed yet on Hylion and that's to forget the stock price. Just forget it. Give it six months. Give it six months with the idea that Hylion needs time to encounter, to pursue, and to share those catalysts and the renderings from those catalysts over the next six months. As we approach the delivery of the units to the fleets, the strategic deployment of the hyper truck ERX, the potential for coming into whatever Hylion is determining to be a commercial step up from where they are right now, which is quite frankly a pilot period. This is a pilot period. The stock is being priced as a pilot period. They're not going to go into mass, they're not a commercial company right now. Could be a very simple explanation as to why the stock is trading where it's trading. Think about that. Now if this bothers you, what I would suggest that you do is buy into what in my best depths of knowledge to provide to you, my best assessment on how to handle a situation like this, is to do one of two things, not the third, but one of two things and that's to hold or buy more. Now as we buy more, it should be very apparent to you that you're buying those shares at an extremely discounted price. Going forward, if you wanted to continue to monitor the stock, give yourself this opportunity for an emotional break. Look at the back half of this year as maybe being that potential time where we are in a little bit more conducive markets, maybe the small caps which traditionally lead us out of recessions will be that leadership group where value is being recessed right now and the recession of the value, albeit in the short term, is tough to incur, has the potential to just melt your face off when it turns the other direction. I've seen this many, many times. The shift of capital is very, very powerful from different sectors and different groupings and different leadership in the markets. Leadership does not remain leadership forever. While small cap stocks have really lagged the market for quite a long time and are at historically low valuations now, position yourself now while nobody is talking about it where guys like myself are very elegantly talking about the prospects of at least sitting and holding your investment as opposed to maybe doing what I'm doing and I'll share with you guys every addition that I make. That is to add to the stock. At present, right now, guys, we are in just about as bad of a phase if the stock continues to digress. Think about it this long way. You always look at stocks and you look at the charts and you look at when it actually plunged down to its low and then started on its upward trajectory. You always wonder about that low and it's like who is actually buying right now at that low? Who actually had the confidence and the courage to buy that low? This has the most potential of offering that time over the next two or three months. I would say and charge the group with going to work, go to work and look to strategically add blocks of shares as the stock digresses. It's like catching a falling egg and add to your position and look to lower that cost average because now I think we are sitting on a stock where the disconnect is being provided by the short sellers and it's no problem. I will be the patron of entertainment when I get to watch those shorts fry on the way up. It'll be fine with me. I'll be calm. I don't get emotional about the stuff. I'm just as well encouraged by the company's progress thus far in the face of what has been a tumultuous ride in way of the stock. Guys, I appreciate you tuning in for the weekly Hylian update. Stay tuned for continued weekly updates on the opportunity with Hylian Holdings. Subscribe to the channel. Leave your comments at the bottom of the video and thank you so much for your time in covering Hylian Holdings.