 This is MXUX. I think foreign investment might play a part in Lordstown Motors funding. Let's take a look Hi, this is MXUX. This might be a little noisy got some people outside Why ride funding could come from abroad? I don't think a lot of people are thinking about this I think you have to take a close look at what's going on in the world. Everybody's wondering about rides funding Need they're closing out the year with about 200 million I believe and I just saw 12 million in debt which I Think it's tooling now China is the focus for now. Now. This is a picture kind of a small picture of the former president of Xi Jinping's predecessor being led out of the CCP Party Congress by His body cards not the former Officeholders bodyguards, but by Xi Jinping's bodyguards now, you know Stalin ask I don't know not here to judge in any case Taiwanese capital is flowing out of China and going elsewhere okay, and I don't think this is gonna help things Now I found just a quote from 2019 1.2 billion of capital Flowed to Vietnam. That's up 56 percent Okay over the previous years now. That's 2019. Who knows what it is now, but just to give you an idea now Here's the thing this investment in Vietnam They had to come to a special bilateral investment agreement required to protect the investors Because the Vietnamese law the parties felt wasn't strong enough to protect the investors so okay Fair enough. We got the Foxconn operating in Indonesia and possibly in India and In Thailand how those security laws there are Unknown, but they are addressing putting localized Joint ventures, I believe to manufacture products there But so this is not a better roses. Okay now This is from Reuters now. It's already been flowing out of China the capital and Into Taiwan capital outflows likely temporary Okay, this is September 28th capital outflows are a temporary phenomenon and Hine of currency to maintain its financial markets. So the Tui Taiwan stock market is tanking money is coming out and The point I'm making with all this right here between the capital coming out of China And the capital coming out of the China out of the Taiwanese stock market and the political ramifications of what is going on in China Vis-a-vis Taiwan or Taipei. However, you want to look at it We got a cash rich Investment class in Taiwan and they are looking to invest somewhere else. Okay Now if you invest in the United States The the bia that was required in vietnam is not required the us You know the sec You know a nasdaq listed security like ride I mean It's basically bulletproof as far as protecting the investor um And just reporting and and let's just talk about the sarbanes oxley act of 2002. They just Updated it Okay, last week. Well, this is nine six, but you get well. Anyway, this is nine six 2002, but the point is This is This makes the cfo personally responsible for the financial statements. This is this is Was put in place to combat fraud and So forth and it's It makes the Nasdaq and the other us stock exchanges as far as reporting and protecting All of this is qualified. So It's much easier to invest in the united states than around the world. You don't need special agreements. Okay Especially in times of uncertainty and I think it's safe to say That the usa right now Even with the faults is the best place to invest in the world Now you might be saying well Um There is no citizenship requirement, uh To buy and own a nasdaq listed security You might say well foreign investors, you know, how much can they own? I mean we got the 10 percent rule Of owning 10 of the company and at that point you get you become a special individual but If you're buying less than 10 9.9 percent, whatever You do not have a citizenship requirement Anyone in the world can invest now. There is there's homeland security Does it does require identity verification? so um And this is state sponsored scare terrorism related um And also sanction related other than that. There is no sign. So, you know, what i'm saying here is Your investment anyone that wants to invest from Taiwan Into the united states number one As safe as a securities investment can be I think the usa is the gold standard There is no barrier to entry. I think uh, I'll put a caveat in there less than 10 ownership Uh, so there's nothing stopping at taiwan national To invest in a u.s company now i have here Now this is inside information. I have And this has been confirmed And i'm not going to identify the individual Uh, that this is about but I have investigated his background And This Is an individual um Who Has the means to make a size of all investment him or his organization In lordstown motors via stock purchase Uh, or some other You know financial, um device He's a major player in the taiwan fintech industry and he has personally visited the lordstown plant and reviewed the operations there Okay There is no other news available at this time. I have no idea what the outcome of that visit was I just know that he was physically there on the ground uh in Lordstown, Ohio And this is a taiwan national So I just think everybody needs to open up their mind expand their mind and think about funding and how creative Daniyavaji has been and high tower and cruel in working out the Business model of lordstown and i'm sure they're going to apply that same uh type of thinking to the funding now, uh I think that's pretty clear and I think there is You know A 50 chance that that's going to happen Of foreign investment Now I'm just going to close this out and make it a thought a short video Now ride lordstown knows stock Is the only way to invest in foxtown lordstown Which is their flagship battery electric vehicle operation currently And foxcon which makes 40 percent of all the electronics on the planet is pivoting to battery electric vehicles Lordstown is their crown jewel. It's the only automotive plant they own that I know of And their owner operators and ride is their joint venture partner In this expedition So if you want to If you believe that foxcon With its expertise can pivot To battery electric vehicles from cell phones, which they are going to do This is not something that's a you know, that's Even a question the only way you If you want to invest in foxcon, you you have to buy on the on the taix the taiwan exchange And we just went over the political risk facing Taiwan and we went over the taiwan market and how a capital is fleeing the tai Tai ex and If there were political actions taken there it could further depress that market now So I mean if you wanted to invest in foxcon, you certainly could directly invest in foxcon It is going to be on that exchange um There may be some other You know Exchange traded fund or so so forth that that that invests invest in foxcon. I don't know if that's true or not, but the point is To have a nasdaq listed security that is is covered by sarbanes oxley That is covered by the sec that is covered by the doj that has transparency requirements that has recording reporting requirements secure investor protections and so forth ride Is the only way to invest in foxtown lords town And certainly anyone looking to get money out of the taix That wants to be a part of this is Going to go to a nasdaq listed security And that security is right and that is why I think um We could see foreign money in some fashion funding ride uh a stock purchase uh Whatever the case may be danya vaji is a new york money guy kroy's a Good cfo. I'm sure They can come up with the right Set up for that anyway Regardless, I mean this makes perfect sense. This is logical. This is The only way to make this play in my opinion at this point in time with the macro environment being what it is Now ride is also producing commercial vehicles and By this time selling commercial vehicles now. Let me just go into Sorry about that The last point of this Additional funding possibilities for ride Okay, if they If this didn't come through some foreign investment, maybe they're waiting to see the proof in the pudding yorkville advisors associates. I believe they have At least two tranches maybe three tranches left there. I do believe they could tap that again for a stock dilution for 25 to 50 million dollars and that is Done. Okay, so I do believe they have The ability to raise this through that item Uh, also as you know, we've authorized additional shares Not a great time to do publicly offer more shares at least not at this point in time But that is also another possibility Now the idea of entering into a partnership Was specifically mentioned By danya vodgin. I've seen it in the press a couple times What this partnership may be We don't know it was mentioned in conjunction and we have a Earnings call coming up the 8th of next month Uh, this was mentioned with the white label manufacturing in the same breath as the white label manufacturing Um Specifically during the last earnings call and in the in the press as well At the point they you know, are they going to produce a white label um Lord's town endurance badged under Another oem manufacturer's badge to be sold as a consumer version Um, we can see none of the oems Major brands can even get Half their orders filled uh, stilanis has no offerings so on and so forth. So this is another thing that could bring revenue or Cash to the equation Um, there is a debt possibility. We have 12 million dollars of debt on the books Uh, so there is room for debt You know higher interest rates. I think this is unlikely with cruel. He's a he's a good manager. He's going to avoid this now this Is something that eventually Is going to show up whether it will show up on the next earnings call Is a question in my mind and it has to do There there are a lot of you know agreements that could Change these terms and uh change the payment levels and the payment times um This is operating through the joint venture the med joint venture, but lords town motors Uh by the motion and harmy harmony electric vehicle development joint venture Uh is is going to generate revenues for engineering and design Okay, uh, are those going to show up? I think those are At some point going to show up Uh on the balance sheet of lords town motors I do believe that uh, this is going to be One of the major ways that they in fact fund future manufacturing Uh is through this clever Business model But of course those may come up in the next call and let's not forget this last one Although production is limited this year And we know that march of next year is supposed to be d-day as far as starting real mass production We're going to have fleet sales Or leases and or leases. I read an article saying that they were going to stick to leases, which is a great idea Uh, they're going to have fleet sales and leases revenue and related carbon credits So this is this is a definite the fleet sales As limited as they may be is a are a definite a definite The y associates tranche is a definite a definite they can offer stock Probably won't partnership. This is something they have been talking about Debt they certainly can do and this is coming at some point in time. Okay. This is mxux I just wanted to go over a few of these things. I think uh, I've said in my I'm not a financial investor so forth And I have said in my other videos that once uh sales start That the funding is not going to be a problem I think there's a lot of big money people holding their breath to see you know, can Lord's time now It's always the next hurdle for lord's time. I mean, this was the same thing with tesla But can they deliver and they will of course Deliver a product of course they will Can they write a lease of course they will do they have customers? Of course they do so This shoe is going to drop likely in the next earning call. I think they're going to announce that they've sold units And again all these uh Funding options are going to open up in addition to foreign investment foreign investment Okay, this is mxux Thanks for stopping by. Good luck in the market