 Hi, this is MXUX. I just have some first impressions of the Q4 ride earnings call. I'm going to go over them here. I haven't gone over the call in detail. I have taken a look at it and kind of sped through it. This is my first impression but I have a couple points to make here. I'm going to go over it in more detail, the specifics of the call. But this was just the response I wanted to get out as soon as possible after the call. Alright, I'm going to talk about other videos now. And a little bit later I'm going to go over the good, the bad, and the ugly from the call. Now these are some other videos on the call. Q's views. I like Q. I think he has valid points and he's a good analyst financially and I recommend his channel. I'm going to disagree with him slightly here and just present a different point of view on the call, the way I see it. Fox, now one of the points that's been brought up is Foxconn will own everything if LMC can't pay off any debt to them. And Foxconn would not mind this outcome. This is a point, more than one person is making here that they may be working behind the scenes that, you know, in a Mach-a-Billion way to take over Lloyd's Time Motors. That would be true. I don't know. I personally do not think so. I have down here, of course they will own everything. It's an unsecured loan since they are selling the main asset, the plant. So, you know, it's an unsecured loan. If LMC defaults, the only way to get past it, I mean the only way to get this past, this whole deal, the Board of Directors over at Honhight that Foxconn would be to have this, you know, unsecured loan backed by whatever else they have. So, I don't think that's that unusual of a term. It might be draconian, but under the circumstances. Anyway, I have down here, Foxconn is not rooting for LMC to fail. This is the first venture into EVs. This is Foxconn's first venture into EVs. It is the vanguard of their corporate pivot I have down here into EV contract manufacturing. EVs in general. To have them cannibalize their first EV client would be the worst executive decision ever. I think it's possible, but not likely. I do not. I think the reason they got involved with Lordstown was because of the plant, but also because of the hub motors. And this CEO has mentioned the hub motors as being very manufacturable and so forth. So, they get the technology and I just think this is possible, but not likely. I don't see this as an issue, but of course, unknown unknown. You don't know, but this is my personal opinion on that. So again, unsecured loan and are they doing this to take control of Lordstown? I don't think so. It's possible. Lordstown will have to raise money to survive and no bank will lend them money and they will dilute shareholders with stock sales. Okay, valid point. Tesla was two quarters from bankruptcy when they were in production hell on the Model 3, which was really their first mainstream product that was, you know, that didn't cost, you know, $200,000. So being on a type of financially is not heard of unheard of among EV manufacturers. So I am shocked, shocked to see gambling going on here. I use that quote all the time. It's from Casablanca. This is is not unheard of. Okay. Perhaps not the point. Well, you know, hey, I mean, Tesla was. Look, Tesla was looking to bring out their first mainstream product. Lordstown Motors is looking to bring out their first mainstream product. Tesla was two quarters away from bankruptcy. Basically, Lordstown Motors is in almost the same boat. Okay, maybe a little more wiggle, wiggle room. So deja vu all over again. Now, Tesla perhaps not in the same timing. And we're talking about ways to raise capital without diluting the stock. One of the things Tesla did in Lordstown Motors could do is issue convertible bonds. This is something that Chammoth, I butchered his back last name, Patapetopon. This is how he invested in Tesla. And these were bonds that at maturity, whatever they were, five-year bonds, 10-year bonds, however they set it up, they could have a choice to be either recovered as cash or as stock. Chammoth bought the convertible bonds and they converted the stock. He made a fortune. He's a smart guy. But I saw an interview with him and I have a cut from this video in one of my previous videos. He felt that this was the best way to mitigate the risk involved in Tesla. Now, Tesla had more assets, hard assets at the time, the Toyota plant in California mainly. But, you know, LMC has valuable IP as collateral. I mean, I don't know how transfer those red cars to the hub motors, but they have that. They have been developing a lot of software, a lot of in-car software, a lot of fleet management software, you know, the traction control and so forth, electronic stability control for the four-wheel drive system, the whole hub motor system and the manufacturing and the suspension and so forth. There are more assets there. I would recommend that Lord Simoners look into this. I'm sure, I mean, of course they have. Another point they can do, they can borrow against receivables. They can use their order book to finance production. And I have this potentially on a rotating, ongoing basis with Foxconn. I mean, Foxconn is going to know their production numbers and their production forecasts. And excuse me, I've just gotten up here a little while ago. So, they're going to be able to, you know, have a pretty good insight into what Lord Simoners is going to do sales-wise and so forth. So, for them to loan more money against oncoming sales or to do their contract manufacturing on a credit basis against upcoming receivables, I mean, there's no end to the permutations and combinations that can go here. I mean, if Foxconn wants to do this, they can do it. Okay, this is a doable thing that wouldn't dilute stockholder value as well. LMC may have IP and technology. They can license to raise capital, as I mentioned before, the software and fleet software and so forth. LMC could take on a joint venture partner. Don't forget, General Motors are 7% of right. And they don't have a pickup truck coming out probably 2025. So that's one, of course, a whale could come in, a Carl Icon. I'm not going to say that. I'm just suggesting it because of the relations between the CEO and him. But as I said previously, I know Carl Icon, in my opinion, would not invest in a company that wasn't in production. So maybe them going into production will change Carl Icon's mind. I don't know if that's going to happen. I'm just saying, if you think about it, do a mental exercise, thought exercise, try to do some remote viewing into the future. I mean, he's not going to question the management. The CEO, which is what Icon does, he goes in and fires the CEO first thing. This is his main man. So anyway, so these are just some ideas of how LMC could raise money without diluting stockholders. So there are possibilities here with the stock price, where it is and so forth. And without any catalyst, you know, these may be more likely. I'm not sure. Just a point of view, another point of view. There was also mentioned here of Lord's time. There's a logo. There was disappointment that Lord's time was willing to produce 500 vehicles in 2022 and 2500 in 2023. When we first start by saying they got an SEC and a DOJ investigation. I'm not what I'm saying is I'm sure these are conservative estimates. Okay. They may be totally realistic, but I'm saying. Could they do more maybe? Okay. It depends how the ramp goes. The manufacturability of the Lord's time endurance is such that there's it's got the lowest number of parts of any pickup truck. And the drivetrain has the lowest number of parts and the assembly time should be the fastest. So anyway, is there wiggle room in these numbers? I don't know. Let's just take them at their word. I just wanted to pull up some other examples of other battery electric vehicle manufacturers. Lucid started production. They said they're going to deliver 520 cars in 2022. Okay. So that's basically the same as Lord's time. They say they're going to produce 20 20 K total. They never if you if you watch their CEO, he never gives hard numbers. So they expect to produce 20 K. I don't know. They're basically hand building these cars right now. Rivian produced 1000. So twice as many trucks. They had unlimited, unlimited amounts of capital, you know, billions, multiple billions of dollars of capital. And they only produced twice as many as Lord's time mother says they're going to produce. So I don't think this Lord's time mother's number is that disappointing. Rivian is still ramping up production. And again, Sarange or whatever his name is never gives hard figures. He's all you can watch his interviews. I have him quoted in other videos of mine, tap dancing around all kind of figures. Ford is slowly ramping up production of the lightning. It aims aims to produce 15,000 units in 2022. Ames to produce 2022. That's this year. I mean, that's what they do. You know, they've been in business for 100 years. So far, none of the 200,000 ordered units have been delivered. I in the research I had done prior to this, they were having trouble securing batteries. It's not going to be any problem for Ford to produce the truck because it's just an F1 150. It's the body and the frame and everything is coming off the F1 50 production lining going into this sub assembly area. I think they might be building a new plant, but I believe that's for their 2025 version of the lightning. A total revamp of the lightning, which shows you that the lightning is in a very good product. They're redoing the whole thing in 2025, but I heard they were battery constrained. The CEO Jim Farley says, we don't have the staff, the brain power to produce the, to make these EVs. Will they produce 15,000 units? Hey, maybe they will. I don't know. In the first year of production, Tesla made 2400 Model 3 sedans. So I mean, you can call this the first year production. The first full year production is going to be 2023. So let's say Tesla in their first full year production made 2400 vehicles. Lord Stan's going to make 2500. Basically the same number. Okay. Now, getting to this production numbers. It's important to note that Jim will purchase LMC's and mission credits. And this is part of their deal at 70. So they're going to get a 25% discount on their emission credits. This is a source of income that everybody's missing at Lord's Town. Tesla relied on this for years up until 2021. Okay. Last year, they made more money from a mission credits than vehicle production. So I think we should keep note of that. And of course they're going to get whatever nominal credits, credit sales out of these nominal numbers. It's important to remember that this credit is a key income item that people are overlooking. Anyway, yeah, Tesla relied on this until 2021. It made more money than their vehicle production, the credits. So anyway, these numbers, you know, Lucid 520, Rivian 1000. Well, that's twice as many with unlimited money, right? Slowly ramping up for it is, well, are they, they can't even make 150s. They got parts problems. I don't know. I heard the battery constraint. They aim to produce 1500 units and they haven't delivered any yet. So I do not think this is a terrible number. Okay. And I do not think this is a terrible number either. And as I said, under the, you know, SEC and DOJ investigations, I'm sure that they're stating the most achievable numbers they have. But I don't know. Let's just say these are the numbers. All right. Let's move on to the next item here. All right. This is the good to bad, the ugly, the good. Okay. The endurance has or will very shortly achieve certification and it's a certification homologation, crash testing is going into production. This is, this is massive. This is massive. This is such a big deal. This is a new vehicle, a new concept, a new propulsion system, a new way of manufacturing. The whole thing, it's a big deal. Okay. And as soon as they roll the first production vehicle off, well, we'll get into that later. Another good thing that everybody's overlooking. They have a plant ready to make the vehicle immediately. Okay. Ford is still struggling with setup. Lucid, they're building the cars by hand. Rivian, and they're kind of building the cars by hand. They only delivered to employees. I don't know what Rivian is doing. They can't open their new plan up. Okay. Lord's town has a plant. They're ready to go. They're staffed. They got people there. They got the plant. They got the page up. They got everything ready to go. They've been running off Betis for, you know, I don't know how long. They're not hand building. Okay. That's a big deal. LMC will be the first electric vehicle to use hub motor propulsion. This is a first. This is radical. This is disruption. This is this technology is earth shattering. And they are making the motors. Okay. This is their IP. They have those exclusive rights to North America. And they're the only ones that are going to use it. So this is, you know, this is major. So not only are they have they got homologation and certification. They're going to production. They have a plan. They have proprietary technology. This is so much better than Rivian. Rivian is using four off the shelf motors. So much better than Ford. Electromechanical differential, blah, blah, blah, blah, blah. Airbag suspension, no solid rear axle. It's not really even a truck. You know, it's an SUV. Same thing with Rivian. So this is a big deal. I am saying down here a first delivery 2022. Now I am thinking that they're going to make, you know, the first one they roll off the line, I don't know, are they going to, are they going to roll them off and say, these are test vehicles? I don't know. But let's say by the end of the year, certainly, they're going to make their first delivery to a paying customer. Massive, massive, massive catalysts. I mean, not only did they start the company, got the plan, did the design, invented the suspension and all the IP and all the software. They made it despite all the hurdles and everything else and all the horrible short and distort that took place. You got to remember, Lordstown was on the road of success. There's two things that damaged Lordstown. Number one was the short and distort campaign, which is the same thing Tesla underwent. Tesla fanboys were more faithful and larger army than Lordstown. But you got to remember, they didn't go under, they didn't, they're stuck in the tank for any other reason, but that short and distort report, which the DOJ and SEC has got these guys, they're going to charge them with Rico charges. I'm going to do a video on it. So remember, that's why the downgrade of this stopped. The second thing that happened is the frame suppliers who also supply frames to other manufacturers and the endurance is built on a standard truck frame, they told Lordstown, I wonder why, do you think there are other OEM manufacturing clients told them if you sell to Lordstown, we are going to find another supplier, you're going to be out of business. They jacked the price up so high for the frames to Lordstown that Lordstown had to put its own frame development department in, frame manufacturing department, which by the way is as of the last details going to be sold with the plant. I would like to see them keep that if possible, but it looks like they're going to sell it with the plant. That's very expensive and very precise work that has to be done. Schmidt got that up and running. It is running to the best of my knowledge. It's a big deal. And the fact that they can produce, like Tesla, they can produce what they need. And with the GM parts catalog, I mean they're not going to have this battle with these outside suppliers, but in any case, they're going to make their first delivery in 2022. Also, as these trucks come rolling off the line and I imagine soon with the website update, the EPA figures are going to be the solid EPA figures are going to be published for the first time. The specifications, which kind of been all over the place, not really, but are going to be established for public view. And I think you're going to see that this is one of the most efficient battery electric vehicles there is. Forget about being a truck. It's got the smallest battery, the longest range, the 30% more regeneration power than any other vehicle. Once these specifications and EPA figures come out, I think people are going to be wild by that. And I think that should be a catalyst and that's going to be revealed on the revamped website and it's going to be when they start production, I'm sure. After they start production as well, the production vehicle is going to be able to be reviewed. Now, the review game, the auto review game is red. The major manufacturers have all the reviewers in their pocket. They provide them with review vehicles. They put extra sound dampening and better suspension and all kind of special things in a vehicle and then they give it to the reviewers to review and then they tell the reviewers, oh, by the way, if you give us a bad review, you're never going to review another one of our vehicles. So that's how the review game goes. However, I am sure there are going to be favorable reviews on the endurance and they may not come from the usual suspects, but it is good technology and it's, I mean, I don't know, based on my research, it's better than any of the trucks out there right now. And you could say the Cybertruck, which is going to be a big success, which will be coming probably next year. It's a totally different vehicle. I mean, I think it's more of an SUV than a truck and it's a lifestyle vehicle. This is actually a working vehicle with a solid rear axle. Anyway, it's more of a guy's guy pickup, okay? And by the way, Sandy Monroe has said, as mentioned, I have it in a video. You can look at it. It has mentioned the hub motors and has mentioned Lordstone. He, again, works for all the major OEMs. I'm sure he can't be too favorable to anyone. But anyway, the point is there's a lot of good stuff here. A lot of good stuff. This certification, homologation, all this stuff. Wow. Wow. I mean, a lot of good stuff, okay? And now they said these production numbers damaged. These production numbers are not bad, okay? In my opinion, okay? I would say they're average, okay? So I don't see that as a problem. And what was the other one here? We'll have to save money again. You know, standard procedure for a startup. I mentioned all of this about Tesla. This unsecured loan, I think the terms are what was needed to go by the board of directors at Foxconn. Anyway, let's move forward. So that was the good. And I was answering the questions of other videos. Now let's move on to the bad. Okay, Foxconn and LMC have not reached an agreement on production and so forth. This entire venture hangs in the balance, okay? This is set up so that they got to do this agreement or everything falls apart. Now I had CIFAS down as being a problem. That is, you know, various government entities are going to look at it and make sure that this purchase is right for America. I think now with the invasion of Ukraine, people talking about problems with, Taiwan possibly or whatever you want to call the island there, I don't think CIFAS is going to be an issue. The U.S. is going to support any Taiwanese-based company. However, if this agreement doesn't go through and how could it, I mean, you know, they got payroll. I mean, but this is an unknown at this point. What is the holdup? You know, what are the details? They're working out details. Well, what's the details? I mean, this is critical. Again, I don't think CIFAS is the problem, so there's some other something they're working on here that they aren't talking about. And I have down here a Fisker has announced a pair of production at Lordstown and so has the Hanhai CEO. So, I mean, it looks like the deal is done, but, oops, wait a minute, put it in reverse. I don't know. Not reached an agreement. And I have down here LMC staff has moved to Foxconn. They have, you know, people on payroll on Foxconn, payroll at the plant. So what is the holdup? CIFAS unlikely. Endurance production has been announced. So that evidently is not an issue. What is the exact issue? I suspect royalty is based on Foxconn worldwide distribution of the endurance. They're fighting over, you know, how much Foxconn is going to pay Lordstown to sell this truck worldwide. I don't know. Possibility. Again, no factual support for this. Again, are they talking about maybe hub motor integration into the MIH platform? Are there negotiations for this? This would make sense. The CEO of Hanhai did mention the hub motor. And I know Q's views was talking about the MIH motion and harmony platform as being vaporware at the time. So they, I mean, they have done a lot of work on this. Okay. It's not in production, but a lot of engineering has been done on it. A lot of organization has been done on it. There's a lot of people that have been organized to implement this MIH platform. So it hasn't been executed yet, but you know, who knows what's going to happen in the future, but they have, there has been a great deal of effort has been put into this. Again, Hanhai says this is the Android phone. Of course they're going to make the Android phone. So this is really their platform, but they're tolling it open source. Tesla's publishes all their patents and so forth as well. But again, they don't put the latest patents up. But anyway, I don't know. Is that an issue? I have no idea, but I'm just saying possibility. We need, we need to know, you know, what's holding up this agreement. You know, what are the details? And I doubt if we're going to get that information. Okay. Anyway, I'm going to, I'm going to go through the call with a fine tooth come and see if there's any information in there, but that'll be later time. All right. So that's, this is the main issue for me. That's not reaching an agreement because everything is predicated upon them reaching an agreement. All right. The ugly cash is always a problem for LMC. Every startup and you know, 500 million is always the magic number. I mean, Q was mentioning 700 million. But if you add 500 million to what they have now, that's 700 million. This is 500 million is always what these car companies seem to, seem to meet need. Okay. And that's the minimum needed. It's just, this is like, you know, this is what they need. I mentioned all the solutions earlier. You know, whatever icon, convertible bonds, sales, credit for sales book, these types of things. And of course there's stock too. How they can issue stock when the stock's at $2. I don't think that's possible, but there are these other avenues. And you got to remember Lordstown Motors, with all its faults has zero debt, zero on the balance sheet. So they may only have 500 million, but they got nothing in the debt column. Okay. Foxconn intent. Okay. And I think this is what Q was mentioning. And again, Q does good analysis. I'm just mentioning another point of view here. You guys got to do your own due diligence and figure out what you want to do regarding ride stock. But, you know, the Foxconn intent. Okay. Deal not done. Is this minor or major? Is this LMC or Foxconn making the issue? That's, you know, is there Machiavellian evil intent here? I don't think so. But I mean, who knows? I don't know. So we got cash intent, you know, the deal not being done. Now I have down here another ugly thing coming up. The Ford F-150 Lightning. June 2022. So that's a couple of months away. Production is supposed to start. September 22 deliveries supposed to start. This is roughly roughly the same schedule that Lordstown Motors is running. Now I got to tell you, I think Rivian rushed their launch based on what the previous launch date of the endurance was supposed to be to make sure they would be first. Okay. And I think Ford is also at least announcing this timing again to be a counter to the endurance because they want to just steal the spotlight. These guys are afraid of the endurance. They know this is a viable product. And I think this is one of the strengths of Lordstown Motors. This is a very viable product. And if they use Hanhai to manufacture it, this is going to be a new product, a new propulsion system, and a new way of building cars. And they've been doing it in China for a long time, but let's say EVs. Anyway, I think Ford is doing this, and I am serious about this, to steal the lightning supposedly away from Lordstown Motors. But endurance is more competitive with the lightning for fleets. Any fleet manager that does the analysis that gets out of spreadsheet, you know, the endurance weighs less, less moving parts, you can change the motor in five minutes with hand tools. Okay. So on and so forth. It's got, you know, thousands of less parts in it than the lightning. I believe the lightning is going with the podge battery system. The endurance is using the same batteries as the Model 3. There's so many advantages to the endurance. It's lighter, less tire wear, so on and so forth. For light to medium duty truck, honestly, the endurance is so much better than the lightning. And when I say light, the lightning weighs twice as much as the endurance. Just going with that. And just going with the charging that involves with the bigger battery. I'm not going to go on. Okay. Ford has altered the schedule and scope of their start several times. Okay. So this may be delayed. Okay. And by the way, I have a clip. I was going to make a video on it. I'm not going to waste my time. But the CEO, you know, they crucified Steve Burns for making sales estimates. I went through and researched some clips about the Ford CEO talking about estimates of sales and so forth for the lightning. Let me tell you, he did the same thing. Burns did. Only he got away with it. You know what I mean? And then they gradually refined, refined, refined what they were saying. You know what I mean? He did the same thing. He did exactly the same thing as Burns did. But he got away with it. I want to ask the SEC why that. And I want to ask the SEC when all these hard rules about announcing new products came into being. Anyway, take a look at that for yourself. I was going to make a video about the Ford CEO's statements on sales and projections for the Ford lightning. I don't know if I'm going to do it. I did the research. Now here's another one about the competition with the Ford F1 50 lightning. Now their fleet version is less than the Lord's Town Motors retail price. However, I think just based on the analysis of the vehicle, I think it justifies the cost differential. Okay. But here's the other thing. LMC hasn't used any sales credits. Ford sold 27,000 Mustangs in 2021. This is, I don't have sales figures for 2022 or what they're going to be. But this is the estimate phase out of the EV tax credit in USA based on estimates. I believe these are 2017 estimates. But the point is unless this is revised, Ford is going to reach its 200K EV credit limit in Q3 2022 according to evaduction.com. Now, I don't know. Maybe you guys can update me in the comment if these credits have been updated. I don't believe they, I don't know if they, I don't think they have. I know they were trying to. I thought that was the part of the bill that was stopped. But in any case, this could be a potential, potential balance weight against Ford entering the market. In any case, as I said, I think the endurance is a superior vehicle. But anyway, those are the, the ugly things. Okay. So let's just go through a summary and conclusion here. Cash position was as I had estimated in the past, just plus or minus a little bit. It's a little bit better. I, and I, and as I said in that previous estimate, it should be enough to start production just enough. Okay. So, but so that all basically worked out as I thought it would. Now I predicted previously that the first delivery to a paying customer will be a massive catalyst for the stock. And I still think that is true. When will that be? I don't know. Okay. Are they going to test the first vehicles off the line? I don't know. But that is coming. Okay. I think they have enough cash to start production. And they probably have enough cash to deliver at least a couple of vehicles. Okay. And that's without any raising of cash. I think I'm pretty sure I have to go over my numbers again. But with the cash burning and everything, I think that should be enough. So they should be have enough cash to get in production and maybe deliver a couple of vehicles to a paying customer. Should be a massive catalyst for the stock. Should be a massive catalyst for fundraising. All right. I have down here. We got macro events now. We get the oil prices shooting up with the Ukrainian issue. I do not think oil prices are going to be going down. I think that this could be the 1970s all over again. Because the illumination from the U.S. and the NATO countries of the oil and gas supply out of Russia is going to produce higher prices until the United States can ramp up all its fracking and so forth. So I think bad news, good news, bad news. But the move to EVs, especially by fleet companies, I think it's going to be even more likely with these oil price hikes. And the ability to move to an efficient, although slightly higher cost initial investment, but lower cost long-term investment on replacing these ice vehicles. I think this is something the fleets are going to do. They're going to get out their spreadsheets and it's stupid simple. You don't even have to be a math whiz to figure it out. And this instability generally in the macro market, I think this is positive for fleet EV sales. And who knows, maybe positive for military fleets. And they were driving that military vehicle all around for Lordstown Motors. I don't know if Foxconn being involved would illuminate them from that market, but it's something to think about. Here's something else. Now, RIDE was driven down by a short and distort campaign, just like Tesla. And I've got a video I'm preparing to do on the short and distort and how it's working. You know, this may be a badge of honor for RIDE. Tesla did the same thing. Just like Tesla, kind of all over again sideways. Very much like Tesla in a different area of the market. But, you know, it was always the short and distort. We're going to realize this. They were very good stewards of their cash. Had they not had this short and distort campaign against them, RIDE, they would have been able to raise more capital to put in the frame shop, and they would have never lost their stride in reaching production, according to the original schedule. But it was this short and distort that hurt the company. So you've got to remember, it's not the technology. It's not the truck. It's the market perception as far as the stock price goes. And Tesla went through this same thing. So, I don't know. I have down here, and I'm not a financial analyst. This is a business case study. I have a disclaimer I'm going to read down here. You guys do your own DD. I had made a skinny bull case. And again, this is a business case study, not an investment study. And when you do a case study, it's like remote viewing. You don't have a complete information. You're trying to make some assessment of a business. I have a chance of success of 51%. If, now the key here, and I'm going to stick with that, they've got to get this agreement. They've got to get this agreement. But if they don't get this agreement, everything's going to fall apart. I'm going to listen to the call and comb through it for every little breadcrumb. But I mean, this is the main issue I see right now. Of course, cash is an issue. Everything else is always an issue. But anyway, that's my, and again, I wanted to get this out right away and kind of give a counterpoint to some of the huge views that has his point of view on this. Q has covered the company a long time. I respect his opinion. I disagree with him though. But that's in part why I did this. But also, I wanted to in general get out to the subscribers of my channel. The first impressions on this earnings call. And as I have done in the past, I'll do a detailed analysis of it in shortly. But anyway, just overall basically was I disappointed with it? The cash was just about where I thought it would be. The start of production was just about where I thought it would be. Everything is where I thought it would be basically except I thought this agreement would be done. I thought it would be done and it certainly should be done by April. This is the only thing that doesn't fit into my scenario. So, anyway, that's it. Now here's the disclaimer. I'm not a financial advisor. This is not financial advice. This is a business case study on the myth of entrepreneurship in the USA. Rod is a high-risk investment that could result in catastrophic capital losses. A total loss of your investment. Okay. Seek professional advice before investing in stocks and securities. Do not rely on this information. Do your own due diligence. All right, this is MXUX. I hope you liked the video. Thanks a lot for watching this. More to come on this and watch for my short history.