Good afternoon and welcome to today's energy seminar. We're really excited to introduce our speaker today, Natasha Cave. Natasha, like many of the students watching, was a Stanford student up until about six years ago. She received her PhD in mechanical engineering but worked with Tom Hormille's lab on electro catalysis, primarily on how to convert carbon in recycle carbon into usable products. She then went out on to co-found Opus 12, a middle-aged but highly successful startup so far. Just to give you a little view of Natasha's words, she was an Excel innovation scholar and Echoing Green fellow at Smithsonian Institution innovators to watch in 2018. And that into a fair named Cave, one of the 26 women of color diversifying entrepreneurship in Silicon Valley media and beyond. And I think probably her next job coming up real soon will be something like Starship Captain as a Star Trek fan. I would like to acknowledge both the Stanford Technology Ventures Program for helping out Natasha as well as Brian Bartholomew is in the Innovation Transfer Program for the Tomcat. And those two groups were two of many groups that strongly recommended having Natasha come speak to us today. So she's going to talk about what they do at the company and how they got there. It's a very interesting and innovative story. Just to give you an idea how interesting it is, not many companies get highlighted and featured in both Rolling Stone and the New York Times. So I'm sure that there's an interesting story behind that. So at this point I'd like to turn it over to Natasha to give her energy seminar today entitled Building a Clean Tech Company at a Capital Constrained World. Natasha, take it away. Yeah, thank you so much, John. Really appreciate that highlight. And yes, I would love to be in space some day and hopefully our technology can be one part of a future space mission. How did I know that, right? Wild guess. Yeah, so I'm really going to talk today about the roadmap to creating OPUS 12 really as a informative view to share our journey such that others can eventually follow. And the problem that we face as co-founders when we're first starting out is that it's really challenging to bring hard scientists into a commoditized world, especially an energy where the electrons that come into your house, the electricity that we use is very commoditized. You're not paying a premium for expensive electrons. People get that electricity and they want it to be as low cost as possible. And so if you have this innovation that you're trying to bring into the world, there is this big gap between kind of where you might be with the science and where you need to be with the product. And crossing over that gap just can be done but it requires some strategies of some of which we've leveraged and there's many, many ways to do this. And then also require the creating the ecosystem. And so, I'm really gonna focus on, how does one bring a capital intensive kind of hard tech company to fruition? And I say this is not as like it's the way again, it's just a way. And I hope that there's some bits of information that could be taken from that. So before I start off about the roadmap, I just wanna just give a high level description of what does Opus 12 do to make sure everyone is on the same page. And so, Opus 12, we basically are building a CO2 electrolyzer that takes in carbon dioxide, water and electricity and uses metal catalyst inside the system to create in products that can be fuels, liquid fuels, for example, or other types of compounds, materials, even we can make polymers. And then we also make carbon dioxide. That's gonna be oxygen in that process as shown here in the slide. Now, when I was a grad student here, we studied the basic science side of this process. So we worked with a computational group, we published papers where we theorize of how this reaction is working. You can see here, this is the CO2 to methane step and the computational group we worked with really identified each different step looking for ways to gain understanding in the reaction. And then my group in Tom Hada Mio's group, we did more of the experimental side where we took some things from theory and said, okay, how can we implement that? Use that understanding to gain more knowledge around CO2 lecture reduction. And so when we were thinking about, sorry, the company that there were a bunch of technological innovations and understandings that had come through the many years that I was here during my PhD. But there really was one factor that determined whether or not it would make sense to start a company. And that one factor was really economics. We saw that there was a trend in the electrolyzers that we would be building where their costs are coming down. And then we also saw this trend around renewable electricity or carbon-free electricity where that cost was also coming down. In some case, I have this 10X advantage from where it was say 20 years ago. And that has really been the key driver. That trend is what we are leveraging the most to really build our company that we can provide these liquid fuels and these compounds and costs that are comparable to the petroleum equivalent because we can take advantage of these trends as we start to build our company. And I really wanna stress that because as I've talked with other people who are looking to become founders, really the first step is understanding the techno economics, understanding how that 10X increase that you got in the lab on the technology side, how does that translate into the economics? Does that get you to a break-even point? Is it what the customers care about? How much are the customers willing to pay? And these questions, we're part of the questions I actually learned through several entrepreneurship courses here at Stanford. And then also the Excel Scholars Program is where you talked a lot about how do you understand what the customer wants and build the technology for that. So beyond kind of what Opus 12 does, I'm gonna start to talk about kind of our journey to creating the company. So it really started off, again, towards NMI PhD, I approached a fellow lab mate, Kendra Kool. She and I worked together during our PhD time and we both studied different metals, but both worked on CO2 lecture reduction and had similar levels of knowledge acquisition around the reaction. And so I approached her and said, hey, what do you think about starting a company around this? Like, we are one of the very few people in the world who could bring this technology to fruition. What do you think about starting that? So we started to work in our free time and got together and started mapping things out. And then later on I went to a clean tech event where there was Nichols Flanders who I actually met previously at a space club event at Stanford. And at this clean tech event on a Saturday, they had business school students and engineering school students come together to talk about clean tech challenges and how we can overcome them through entrepreneurship. And so I pitched at that time which is graduate research and said that there's a business plan competition we'd like to do. So Nicholas joined on board. The three of us started Opus 12 and that was a handful of years ago. And as we were kind of thinking about how to build this company, we kind of, Willie's eyes sort of passed naively thought that, okay, well, we'll just go down Sandhill Road and start asking for funding. We're three Stanford students. We have some neat ideas and there was an app around that time that had just raised a million dollars. And the app, you pushed a button and it sent a yo to someone else who had the app. And they raised a million dollars for this. And I'm like, okay, we could at least raise a million dollars for our idea, which should have much larger impact. And we quickly realized that wasn't the case that many VCs and institutional investors at that time were not really investing in clean tech because they had in essence lost money on this initial wave of clean tech companies that happened in the early 2000s, around like 2008, 2009 timeframe. So we had to then sort of be very strategic about how we were gonna get to receive funding. And there were several players in this ecosystem that we could tap into. And the first member of that is the Tomcat Center. And Brian Bartholomew, I initially met at a clean tech event and told him like, look, we have this graduate research we're working on, I'm not sure if it's suitable or if it can be ready for industry. And he really encouraged me to think about, okay, just think about how you would translate that into industry and then think about applying for a Tomcat grant. And so we did. And that gave us the funding to get supplies to sort of think about building our first prototype. We also got into a program at Lawrence Berkeley National Lab called Psychotron Road. And they now are part of a larger group called Activate. And through that particular program, over the course of two years, we were able to receive a million dollars of fellowship support that would help us to build this prototype. So we got in-kind support, such as lab space, access to equipment at the lab. We also were able to get mentorship through the program. And then we also got fellowship support, so direct funding through salaries and supplies and travel grants and the like. And we could use that funding to build our first prototype. Then we also could leverage the fact that we were at Lawrence Berkeley National Lab to then get additional early-stage SBIR funding. So the federal government has this Small Business Innovation Research Program, or SBIR. And pretty much every agency that does research has them. The National Science Foundation, they are really focused on creating deep-tech scalable companies. They're pretty technology-agnostic and just want to see more deep-tech companies in the US. So that would be the first place that we started. And I would recommend anyone starting at that is looking into an SBIR grant. We then were able to apply for funds through NASA because our technology can be used in space. Methane is actually the rocket fuel of choice for going to Mars. And so we could make methane from the atmosphere on Mars, which happens to be 95% carbon dioxide. And then we could also apply for funding through the US Department of Energy. And so these additional grants that we were able to bring in really allowed us to hire our first set of employees and really start to shift from an idea-centric kind of proof of concept to more of a prototype. And next, what we did is we also were able to leverage early-stage commercial partnerships. So Shell has a game changer program where you apply for a grant. It's very similar to the SBIR program, in fact. And we were able to receive money to support the work. SoCal gas was also really interested in supporting our work to build a road in which the CO2 emissions, say from dairy farms or from biogas can be converted into more like low-carbon or carbon-neutral synthetic natural gas. And so with these two early commercial partners, we were able to show to any potential investor as we were having conversations with investors that there was some interest from larger and bigger companies. And so with having some funding from the federal government to build our prototype and philanthropic funding and also now to have kind of early interest from commercial partnerships, we could start to think about maybe raising money in the private sector. And so our first step into that was actually getting into StartX, which was really helpful in helping us think about what are other companies at our stage, what valuations are they getting? What type of investors are they talking to? How does one go about fundraising? And a lot of these really practical lessons were really great as we started to think about raising our own round. So in raising our round, I would say we started to go into a phase that I'm calling commercial R&D and pilots. And for that, we were able to bring in new partnerships. So we were able to approach various family offices and deep tech institutional investors. So the Dolby family is one representative family office where they have money, where they wanna deploy it to make lives better or create impact on climate and other major problems in the world. And they're a lot more patient than a VC fund which has maybe a 10 year fund that has to make a certain return within that time period whereas these family offices are more looking at things in more of a longer term horizon. They still want a return but doesn't need to fit within a 10 year timescale. DCVC is a deep tech institutional investor. They invest in space companies and other deep companies so very mission aligned there where they understand that the growth for deep tech is very different. And then evoke which is backed by Canadian oil and gas companies that are feeling a lot of pressure from the Canadian government to reduce their greenhouse gas emissions. In fact, they're actually being taxed for their carbon emissions. And so they created this investment arm that focuses on companies such as ours to back in the future, reduce greenhouse gas emissions. So we were able to bring in this private funding that's still very mission aligned still not the kind of traditional venture capital funding but folks that really understood what we were doing. And we only could do that though once we had built the prototype and show that early day that it could work and leveraging that early funds to do that. So at this point, we had leveraged the private funding to really package and create our first sort of commercial unit and here it is shown. This is about two years ago now, our team in the lab and a little fun fact, this is the idea. So the day that our unit came in from our manufacturing partner was the same day that Bill Gates happened to be visiting to do a film for Netflix. So if you've ever seen the Netflix special Bill Gates Brain if you go to number three and if you're very careful, there's like two seconds where we're shown in that image show. It's a little fun fact. But now that we had our unit built we could then start to think about doing some engagements with corporate partners to really build relationships. And one engagement we did was with Daimler. So Daimler has interest in building a carbon negative vehicle. So from day one, it has some carbon that's already sequestered within it. And so we were able to use our system to build this internal car part made out of CO2 So if you look up in the upper middle of the slide you can see there's this part called the C pillar. And we made that with our system. And in general, we are trying to do more of these because one thing that's really can be challenging with a company where you have one and only one sort of commercial product that you don't want to descend to one of many commercial partners. The question is how do you build a relationship and how do you progressively show that you can provide value to this company and kind of go through this much longer sale cycle? And so part of it is really breaking down and saying like, what is something we can do now to really show the potential of our part and show that we can make something on a smaller scale and then that can grow into much larger scale and having something that the customer can see and touch and hold is super valuable. And getting to that point was really been a key moment for us to really build these relationships that would have longer time horizons. And speaking of longer time horizons and we have still many miles to go before we sleep, we built our first unit that unit I showed previously it's about the size of a dishwasher. And we're currently scaling up to these larger units which are shown here. So the most largest one, number four is the size of an entire building and size number three would fit into a shipping container give you a sense of size and size number two would be like an industrial refrigerator size. And so as we're scaling up, we still have this sort of a valley of death that's been touted for companies like ours where we have kind of early stage indications of a prototype that works, we have a team, we have a kind of first of the kind unit but we're still not quite at the level where we're fully deploying our system. And so luckily for us that there's been an ecosystem that's also developing to help companies cross that valley of death. So we've seen in the Department of Energy for example, they've started creating larger programs that are focused on, okay, you know, let's do a scale up to your larger system, let's look at getting it out into the field. And so there's been programs through Dunetto and Fido that have been larger ticket grants. RPE recently had a program, it's still ongoing that's called Scale Up where it's for previous RPE recipients to now get a larger grant to do their first of the kind in the field deployment. And then there's a US Air Force, which I've been really impressed with some of the changes that they've made within the Air Force in this AFWORKS group specifically, which is more of a Moonshot kind of Skunkworks group where they are really wanting to get more innovation in the US and with the focus on getting it into the military where they said, okay, you start off and you'll get a phase one that's a much smaller grant but then you'll have a phase two that's a bit larger and then we'll work with you to get a phase three which could be sort of $10 million on that level to really get your unit out into the field. And so that's still in the works with the US Air Force but in talking with some of the folks who are running that program, they really are focused on being very founder friendly and focused on getting innovation as smooth as possible and removing friction to do so. So really this stage is kind of where we're at now. We're kind of in that sort of valley of death and we're starting to cross into the next stage of sort of commercial integration where we do our first of a kind much larger plants. And so I talked previously about how we've leveraged philanthropic and federal funds and also got some early commercial partners to kind of get us to this point. And so now I'm talking about how we can continue to be capital light as we start to really build on our system and build our larger scale units. And so there's two ways in which we kind of focus on that. One is leveraging existing manufacturing facilities and the other is project financing. So with manufacturing facilities, this is a picture of a manufacturing floor. It's not the entire floor but it's a fraction of it but this facility costs $100 million to build. And if we think about us as a company, we'd have to raise another $100 million to replicate this exact manufacturing floor. But instead we could say form a partnership with this particular company and say, can we use some of your excess capacity? Can we help you build out additional space within your manufacturing floor to basically produce our system? And that allows us to basically focus on our core technology, which is shown here in the upper right. Our core technology really is just the electrode that goes into these electrolyzers. The analogy that we often use is that in your laptop, you have a CPU or chip that's made by, say, Intel. And Intel just makes a chip. They don't make the entire laptop. They sell those to other manufacturers. So we're the same way. We make the electrode and that electrode goes into these reactors that are already built at scale. And so that has allowed us to really save time and cost. And we're not the only ones that have done this. I've heard of other companies, like in the food industry, for example, leveraging other contract manufacturing. And so that's sort of one question I often bring to other founders is like, how can you leverage existing assets and existing manufacturing capacity to bring your technology to market very quickly and very cheaply? The second, as I mentioned, is project financing. So there are some new entities that are coming in the ecosystem to really support companies in the clean tech space to do project financing. As some of them are focused on the first through fifth sort of initial projects. And then some of them are private only, some are public private initiatives. And with project financing, we're able to support a larger installation without having to use equity financing. So without having to dilute our cap table, we can basically use debt to build out that capital. And what allows us to potentially leverage capital financing or project financing, that should make it clear that we haven't actually done this yet, this is in the future. But what makes it possible to leverage project financing is that we can get a contract for the inputs and a contract for the outputs. And when you have a multi-year contract on both sides, that is something that's very much attractive to a financier because they can run the model, look at the cost and can charge some costs of capital to do so. And what that would look like as we start to grow is that you could imagine our system here. So here's the shipping container size system that would be housed at a existing polymer manufacturer, which here again, we're not having to build out the entire polymer manufacturing ecosystem. We're just an add-on to an existing system where we're taking their CO2 admissions that they already have on site, piping it into our system. And then the output of that would be the same molecules that they're already using to make polymers and we can just make it from their CO2. But that is a capital improvement and a capital investment. And so we would couple a project financing as we approach a customer and say, we have project financing lined up, would you like to host our system? And then we can do things like charge per molecule so that the polymer manufacturer doesn't have to take on the burden of finding this new capital to bring up this new system. So as we think even beyond kind of crossing this valley of death and that we get to the point where we're at scale, there's still ways in which we can be very strategic about how we deploy our systems. So first is there's many different types and geographical locations where there's CO2 admissions. And so we can sort of think about what are the lower hanging fruits? Where can we go to get CO2 admissions that would be the cheapest CO2 that would be concentrated, that we can pipe into our system? And even beyond the United States we can also think globally. There's a lot of movement in Europe where they're looking at rebuilding their infrastructure even prior to COVID but certainly now that COVID has happened and they're looking to boost their economy. The question is, can we rebuild infrastructure with having CO2 admission, CO2 utilization built in? And so we can sort of think about how to be strategic within that space. There's also some really interesting policy that's coming through on the US side. Of course, with our recent election this could potentially change. But there are some laws that are on the books that have been established. So the 45Q, which is a tax credit for the use of carbon dioxide either through sequestering it or utilizing it. And that is on the books, that's in law. There's also some legislation that was in the works and that has to do with utilizing CO2 through maybe a carbon dioxide pipeline, building on infrastructure around that, leveraging Department of Energy to create grants for CO2 utilization. And so there's a lot of excitement and we're looking at new trends around this policy landscape which absolutely helps when we engage with other parties around this carbon tech and clean tech ecosystem. And most importantly, we've seen a lot of corporates put out pledges. So Stripe did pay for their carbon offsets and they paid a pretty high cost per ton. They paid up to $600 per ton for the carbon, which was great. Even though one million is a small amount in the grand scheme of things, but it really sends a strong signal that there's companies out there willing to do that and hopefully other companies will follow suit. And Microsoft, of course, made this really big pledge which included this $1 billion climate innovation fund. And so again, just like stronger signals coming out of corporations that they want to take an active role in reducing your CO2 emissions. And so we see that as new trends that we can take as we move forward with the company. So in conclusion, before we take companies, I mean, I'd say as I look through the roadmap of our company, we basically are leveraging an industrial ecosystem that's being put in place from the very beginning where we were leveraging philanthropic and federal funds all the way up to leveraging corporate grants. And then as we move into a space where we're now leveraging existing manufacturing capacity, both to build our system and to deploy it. And now as we go into the future, we'd be looking at leveraging CO2 policy that's coming out of the federal government globally as well as corporate pledges for CO2 abatement. So one of my favorite things that we calculated is we figured out how we compare to trees in terms of CO2 conversion power. And so within the size of our scaled up unit, so a single stack, it's about the size of a checked in suitcase. And we can put the CO2 conversion power for about 37,000 trees in a stack that again has a footprint of a suitcase. And so just like a tree operates within an ecosystem, we also have an ecosystem which we're leveraging to really build out our company and bring it to market. Thanks, Natasha. That was fantastic. I feel like I had a class in entrepreneurship and another class in chemical engineering all wrapped into one talk. So we do have a number of questions. I'll try to gather them together. For me, I'm kind of a technology assessment modeling type guy. So there are a number of questions regarding, and it's very nice that you had this nice flow. When, if ever, did you have to actually produce kind of economic numbers apropos of your early graphs on comparative technologies? I assume at the beginning, people were willing to let you prove out the technology and so on, but do you now have to, or at what point did you have to have specific inputs and products and kind of cost everything out in a spreadsheet or something like that? Yeah, I would say from the very beginning really, because when we applied to psychotron road, part of that application was focused on, okay, what are the techno economics? And in Elon Gerr, who's the director of the program, we had met actually through a business line competition prior to applying to psychotron road. And he was the biggest proponent of sitting down and really doing a thorough techno economic model. So having Nicholas, who had a background at McKinsey and was used to doing modeling and really dove in very quickly and built out a techno economic model, we improved upon that and have more details and more resolution, but it was absolutely critical from day one to show that we could have a pathway to be cost competitive with petroleum. So two follow-ups to that. Are you able to tell us which products look good then and which ones look good now? And a related but more macro question is, when do you anticipate you'll be turning quote unquote, turning a profit? Yeah, so when we first got started, the product that we were looking at was direct CO2 to ethanol. And part of that was that it was a huge value proposition for corn ethanol producers. So when you make corn ethanol, which 10% of what you put in your car is ethanol mostly from corn. And when you produce it, for every ton of ethanol you make, you make a ton of CO2. So we could take that CO2 and increase their yield by 50%. And the CO2 that comes out is already super concentrated. It'd be really cheap and easy to pipe that CO2 into our system and then make ethanol from it. The reason we pivoted from that was because we, it's kind of this like valley of death problem. It's like our first system for a corn ethanol producer would have to be on the order of $100 million. And we had seen from previous companies that had some type of novel green fuel and tried to raise $100 million for their first unit that that was where they oftentimes no longer became a company. And so in some ways I would say we had like last mover advantage in that we could see that that was clearly gonna be a downside. And so we kind of went back to the drawing board, leveraged the lean startup methodology, which Steve Blank, at least back then taught here at Sanford. I actually took that course from him when he taught it. The hacking for? Oh, that was called a hacking for? Yeah, that's what he calls all those classes now. Hacking for entrepreneurship, hacking for defense. That's right, yeah. It's like a huge, and actually he's proliferated those courses around the world I think, so. That's right, yeah, because we also did it through NSF iCOR program. But yeah, but I mean, going back to those principles of just doing customer discovery and customer interviews, we were able to find that by actually making carbon monoxide out of carbon dioxide, that there would be smaller markets that we could go into. And so we could build a smaller system, put it out into the world, bring in revenue from that system, and then also show that the technology works and de-risk the technology early on. So that's our first product right now. And just to be clear, because carbon monoxide is often something you hear about as something you don't want at your home, but it's a pretty useful industrial molecule. You can use it to make liquid fuel. You could use it to make polymers. There's a whole range of things that you can use on various scales. So we found a way in which we can very economically compete with the petroleum equivalent. So that's what we pivoted to. As far as when will we become profitable? Yeah, I think, you know, we certainly have a roadmap to when that would happen and I think there's several pathways in which we would get there. But we're targeting within the next five years to have a profitable company. The thing about our system is like once we scale up to these larger systems, they are pretty large. And so that it does bring in a lot of revenue because we've been able to be very capital light and basically leverage various sources of funding. We should be able to get to a point where we would be profitable much quicker than had we just solely had to take equity financing. Well, one way to go that may be an interesting challenge for you all to decide is acquisition. Are you now on people's radars? It seems to you might be for some of the big petrochemical and oil company firms. Are you in, have you been approached about being acquired by a big, say a big Fortune 500 type company or maybe a more new wave company that isn't in the Fortune 500 will be soon? Well, I'll say. To the extent you can actually talk about what I do. Yeah, I'll say that everything, any entrepreneur likes to keep all pathways open. And so we find the right partner and the right partner approaches us, we would definitely consider that. I'll leave it at that. Okay, then there's a number of questions about flows. You had that very nice map with all the sources, which I really liked and that tied into the regulations. So I guess there's a big range of one that's less concentrated is the air itself. Is there a version of this technology that could be used for direct air capture on the one end? And then if you add up all the industrial uses that you could reasonably expect to do, how big of a dent in the carbon, if you could call it that, the carbon gap with that make. I'm assuming you've probably scoped that out. Yeah, in fact, we've worked with a couple of direct air capture companies to write joint grants together. And so if we're aware of those grants, we'll be working together to build what could be the first like integrated direct air capture CO2 utilization system. But that's TBD. We'll see what happens within that grant process. But yeah, absolutely within our vision is to eventually couple with direct air capture and scale that up and have a pathway to make the liquid fuels, coupled with a direct air capture system. And then if you can do something like that, you're really amplifying the impact that direct air capture has by displacing petroleum-based fuels or displacing material or getting materials that are carbon negative. And in terms of potential impact, I mean, if you look on the global scale, about 25% of the CO2 emissions that we see are ones that fit into this kind of industrial category of are pretty concentrated, can be readily piped into our system and molecules can be created that can be distributed to other off-takers. And then when we look at kind of like our sort of 10-year horizon, we see a pathway where we can be converting, within the U.S. have like single digit percents, I'd say 8% CO2 and pathway. That's if we're very much like at full scale and really turning the crank. There's lots of potential to be able to utilize and reduce and convert CO2 emissions. I'm sometimes hesitant to give numbers because there's so many pathways. There's so many ways that this can go. We could decide as a country that we really want to take on this and then it's a much faster pathway or we could not and in which case, it'd be a lot slower. Maybe this week we will decide to do so. So you did mention early collaborations with Shell and whatnot. It seems to be a lot of industrial emissions as you well know are outside the U.S. So do you have any potential collaborations? Maybe they're included in the work with the internationals in China, India, you name it outside the U.S. where there's a lot of industrial emissions right now. We don't have any strong partnerships in China or India but we are very much looking at Europe. We've gotten lots of inbound requests and interest from European companies and so much that we're really looking at, okay should we think about having a subsidiary in Europe and should we really be involved and really go after some of that funding and that's being available from the corporate side and in the EU or kind of larger federal side. But with China and India, we have had some initial talks with companies. It's a little bit, sometimes a bit tricky because we are very early stage that we've been doing these early pilots with companies that where we can make a specific piece and kind of have that be the start of a larger engagement where I think for other markets like China or India, we don't have a ton of experience and knowledge in those regions and also the companies we've talked to in those regions tend to want to buy a system once it's ready to go. Then we have a few kind of hardcore strategy questions. Who are your competitors and how are you different than them? Obviously some of the technology things are one piece and then you're leveraging financing and facilities would be just from listening to your talk but to the extent you're able to do so, can you talk about that a little bit? Who are the big competitors and why do you think you're going to win the race other than having Bill Gates drop by which seems like a pretty good strategy. I would say our biggest competitor honestly is the status quo. It's still in most places free throw away CO2. Even though there might be a revenue positive pathway, they're still, you still have to deploy capital, they're still business risks you're taking even if we completely erase the technology. And certainly now there's technical risk as well. And so I would say that's really our biggest competitor. Now in terms of other CO2 utilization companies, I mean there's companies that fit in the, that you say like a biochemical process or thermochemical process. And in comparison to those categories, we think electrochemistry, which is what we use, we'll have some really strong advantages and strong position because the cost of electricity of renewable electricity is coming down so much. And we're, we are creating a world in which there's more wind and solar and in carbon free electricity that's more and more available. Our system can operate intermittently so we can actually take electricity that is lower costs because it's at a low demand time it's being produced at a low demand time. So for a biochemistry or thermochemistry type technology you don't necessarily have those advantages in leveraging the cost of electricity. I should also make clear that there's like so much CO2 out there that like I think it'll be a situation where there's like multiple players. I don't think there's gonna be a silver bullet that like one company or even one like type of like CO2 utilization play will win. But I do think we have some very strategic advantages and for very specific places we can be the clear choice. Now within the, there's a couple other companies that are doing electrochemistry. And I would say there it's just, we see clear technology advantage which I would be happy to go into the weeds with but that may not be as interesting but I would say on a high level that our system which is a PIM system so polymer electrolyte membrane that system has been around for decades in the water electrolyzer space. So we're able to leverage a lot of technical know-how a lot of cost reduction on the manufacturing side. And so we really see that as giving us a huge advantage. I have another question that a few people were wondering about. So you did go through the helpful and maybe there are some unhelpful government policies and regulations just coincidentally I've done pretty big studies on 45Q low carbon fuel standard, et cetera. We could have a green no deal back on your infrastructure side there could be a form of the green new deal that's heavy on infrastructure. Why would I think that this week? So I guess the question for me is how closely do you attract that? Do you have like a government affairs person on your team already? Or do you just use personal contacts? Obviously that could affect these spreadsheet calculations that you all do for what's gonna be a good way to go. And this is part of the Michael Porter international version of corporate strategy studies as well. Yeah, so we're a bit too small to have a dedicated corporate affairs person. I'd love to see the day when we can have someone that's focused on that because it certainly will be an impactful force as we grow our company. But right now as we're really small we're able to leverage groups such as carbon 180. They're a nonprofit group that is looking at the carbon tech space as a whole and sponsoring studies and sponsoring even entrepreneurship programs and really kind of looking to seed this carbon space broadly which includes all the types of technologies and not just one specific one and even looks at like sequestration and kind of how that can play into carbon free or reduce carbon world. And so we're able to leverage some of the work that they do and keep abreast of the policies. There's also other groups and even going to kind of conferences around the Department of Energy can kind of pick up things here and there. So it's all still very scrappy in that sense that we kind of pick up things here and we're certainly keeping an eye on it for sure. Great, we're running out of time but I would be remiss if I didn't ask one question on behalf of all the students and this comes in a bits and pieces is based on what you've done and what you've learned so far what advice would you give to the students in the audience, particularly bloody entrepreneurs particularly things I think I saw in your ETL talk you had a bit of this on what things did you do that were really a good idea what things that you do in your career so far it's amazing how far you've gotten that were maybe not as successful as the other ones. Yeah, I could do a whole seminar on that. I'll bet you could. Well, I think you almost did one but I thought for this audience it would be nice to get a summary of what you said. Yeah, I would say, Stanford is a huge resource and I would, I leveraged it as much as I could when I was there, but I would if I could go back and do it again I would kind of earlier on add in some entrepreneurship type courses like I mentioned Lean Startup, which I took and then they sell scholars program programs such as that, even Tomcat I mean, there's all these resources there and it's amazing how quickly you get cut off from them once you graduate. And so, I would say, taking some time to think about the bigger picture and kind of plan out what you wanna do as an accept before you do graduate. That was one thing that I did a little bit of before we left, we started the company before I had graduated and that was a huge help and a huge resource that we could leverage for kind of knowledge sake and strategic value. Things I would do differently is think about personal finances. And I'm not sure how this myth kind of goes around the valley but certainly for clean tech founders, it is not, it's a very low in salary because you are being raised crappy and like, you can't just like pay yourself really high amounts of money. You still have to report to your investors and especially if you're getting government grants there's, you have to like keep your salary within the national average.  So I had a little bit of debt when I graduated, which I was able to eventually pay off. But if I had to do it again, it would have been nice to not have that financial anxiety when I was starting to help you. Great. Well, Natasha, thanks so much. Now a bunch of very lucky Stanford students will get to talk to you a little bit more up close and personal after we shut down here. So thanks for an inspirational seminar and giving us all hope for the future. Thanks again. Yeah, thank you.


What I love about the the youth climate strike is that people are taking a stand and saying, I do not want to participate in a system that is destroying life on earth. Why should I be schooled in participation in this system? It doesn't make sense. So I'm not going to do it. Like that is that kind of refusal to comply, that kind of trust in values that embrace and serve life. That's what we need on a mass level. And I'm really happy that young people are putting that ahead of the bribes and threats that keep them in the system and that say that school is more important than taking a stand for earth. So that energy is very, it's like a fresh breeze for me and so many other people. And I would caution that there are powerful forces that would like to co-opt that energy and divert it onto things that actually don't disrupt the status quo too much. Because climate change, this is not just some technical matter of finding alternative energy sources to keep civilization as it is running to maintain business as usual. We live on a planet that is alive. We could cut emissions to zero. And if we continue to degrade the organs of this the organs of this living being, the forests, the wetlands, the whales, the elephants, the fish, all of the beings on earth, all of the ecosystems, then the earth will still die a death of a million cuts, even if we cut emissions to zero. So be careful about getting diverted onto these and used to promote these technical solutions such as geoengineering, such as bleaching the sky, a pale or shade of blue with sulfur aerosols that reflect sunlight. Problem solved. If you're going to keep the issue to a narrow matter of global warming, problem solved. Business as usual can continue and we've saved the world or carbon capture, giant machines in every city. But what we want and what is stirring us to this rebellion is much bigger than find some way to switch fuel sources. And I really want people to stay in touch with that and to go deeper and deeper. Where does the addiction to fossil fuels come from? Can we just control that addiction? Like this, you know, society, civilizational addiction. Uh, is it just something that we control or do we look at the source of it? What is the crisis underneath the addiction to fossil fuels? Why are we pursuing, we collectively pursuing a world of more and more and more that doesn't even make us happier? Yeah, no wonder you don't want to comply with that. And I would say even if climate change weren't a thing, still don't comply with that. That's not what you're here for. So hold that energy precious. Hold that impulse to serve life, to refuse the bribes and the threats. Hold that precious. Don't let it get co-opted toward something more superficial than where it really wants to go. And thank you for being brave.


which is a tool I made with a friend named Victor Hugo, which normally used to be here, but he had a training program, so he couldn't come. So P is basically two emails for taking notes together, okay, and but it's not really a lot, it's a three-bridge to P. So, why we want to design a tool to take notes together, it's because we think that when everybody's in the same place, for example, we are taking notes on our computer, on our papers, or what you want, and but if we take notes on the same platform, maybe we can have a document, we can mutualize our efforts together, and we can have great documents to resume, to summarize the conferences or the meetings or documents. So, we thought about that because we were students and we were students, and we have meetings and we have conferences and everything, and we would like to take notes together to improve our notes, our conferences, or our course to share knowledge, but we couldn't with that. We tried to use pad, like he's a pad, or taking pad, or anything, but it was not really relevant, and it was not made for that. It's more for writing text together, but it's not for taking notes together, okay? So, we know that there is some kind of like etherpad or Google Docs that already exist, but it's not the same thing as what we want. So, first, what we did, we made a website, a website like this one, this website, which is, sorry, it's in French, it's a website where we put all the different software and tools we found about writing together, writing collaboratively. So, there are a lot of pads, different pads, there are a lot of different projects made with pad or stuff like that, and we also put old stuff like marginalia, which are the comments in the match of books, and that was also my thing. So, that was the first step of our project, and then, after doing that, we try to think about a tool that we can match, and we think about something where you can take personal notes because it's difficult to have the note of everybody on the same pad, because when you're writing, it's difficult to see the other one writing on the same page, and in the same time, we want to have also a visualization of the other contributors' notes, and then, at the end, we want to mutualize all of these notes and produce an online document. Okay, so, with everyone knowledge. So, but if it works, hopefully it works, so we can touch again. I didn't have time to translate it. So, I'm going to translate it here. So, first in the first column, this is the first step, you are in a conference or in a meeting, and you want to take notes, write it so you create a ping, the pad, or you connect to an existing ping, someone created before you want to take notes. So, everybody's connecting to the same pad, and then you write, okay, so here you write your notes, normally, and here you have all the different, all the people connecting to the pad, you have all the different notes that are taking in your time, so you can visualize their notes, and you can copy past their notes into your pad, and you have a note-to-ship system for you to know that this is a copy, this is not your own notes. And then when the conference is finished, I don't know, yeah, when the conference is finished, you can also, you have forgotten something, you can also add images in the column, and we name it the river because it's a column, it's like a common column. You can add images here, and it's the only place in our tool where it's the common place, so you have all the images here, connected to the text, connected to the time, and then you can edit and organize your notes when it's finished. So you can rewrite stuff, you can improve it, you can copy past stuff from the other people, you can remove some images or re-organize them, and then you can publish it when you're happy, when you think, okay, it's a great job, I can publish my work, you can publish it, and then people can create your documents and comment it or add stuff or fork it, for example. So we want to re-buzz our reflection on our concepts, really on free software, free software movement values, okay, so we really want to talk about sharing, comments, parking, so to make something really into the free software movement, which is here. So, in fact, we could not make it, this is a, we could not make a functional tool, but we have demo, that you can see what a pen is, and in fact, this demo is really useful because we can test it for, improve it, but it's not finished at all, so I can, I hope it's a new tool, but I can make it new, if not. So it's not functional, but it's just, okay, for a demo. So first, I'm going to create a thing, creating a thing. I didn't say that, we made the prototype on Node.js to a real-time feature, okay, sorry. I think it's not gonna work, I don't know why. I think it's not, it's a demo effect. You can let me, two minutes, maybe I can, it was working, but no, it didn't want to work. It's because of, I don't know, okay, it doesn't matter, sorry, no, it's worth it, I can show you this. Basically, it's really, in the demo, you can only, not really, but you can see the other people writing stuff in real-time, so here you are writing, and you see all the people writing, but it's a big demo because I have to write all alone, but okay, it doesn't matter. So then, when you finish your part, sorry for the bad resolution, you can have a document that you can download, and you can have a PDF like this one, so you can imagine that everyone can make templates to export his stuff, just CSS. And which application, so I think you understand that you can use it in brainstorming, in meetings, or during the courses at school, or during conferences, festival, in fact, it's in every moment where you are in the same time, in the same room, in the same room, like, in our prototype, we have some features, like connecting to the same part, writing on your own part, seeing all the different, all the other visualization of people writing, which you can add images, comment images, and stuff like that, but in fact, we sort of a lot of different features, and yeah, something I forgot to say is that when you are writing, you are writing in markdown, okay, in your part, so directly, and it's transformed automatically into an edge game file, so you have a formative text, you have a formative text, so everyone has the same format, so it's great to make templates, that's why I was talking about templates, and so what we want to add to this prototype, future footage, we thought about adding some shortcuts, because when you are taking notes, every people has different way to take notes, okay, so for example, some people are just make write a radius world, so we name it shortcuts, so for example, I don't know if for everybody, I'm writing EVB, I can just add this shortcut into my personal account, and when I'm writing just EVB, it's going to write everybody automatically, okay, so it's really leads to the not taking practice, yeah, we have something we want to achieve, it's like every, so this is the visualizer of other people which are taking notes, and when someone is more active than another one, it's going to be in the third place, in that way, you can see which is the more active people in the room, and if someone is stopping taking notes, you can see it too, and it's going to be downgrade, that way you are always the person who is taking notes at the top of the visualizer, so then I talked about earlier, but you can copy and past the different part of source, I think it's not the same sound, I think you understand that, okay, and you have the authorship, and you have the star system, like you can add favorites, if you add one of the not taking as favorites, it's going to be on the top of the visualizer, and you can also sharing and commenting the images, which are on the river, okay, it's great to have the gif, because as I couldn't show you the interface, you can see it there, and so everything is linked to time, so the images are linking to the timeline, so that's been, for example, if here we are at one hour of the conference, the images are linking to the time of the text, and also when you want to, when you are writing or when you want to edit your page, your cursor is linked to other visualizer on the score too, so you can, because it's linked to time, so you can see if you missed something during the conference, you can see in other visualizer things you missed, I don't know if you understood well, but sorry for not showing you the demo, so thanks, there is a GitHub repository, which all the code in Node.js was a prototype, and soon we are going to make a website, I think for programmers the code is really ugly and really creepy, so sorry, because I'm already not a programmer and I'm programming alone, in fact, so that way, thanks.


Okay, so we have David Hume. To understand what Hume is trying to do, we should try to understand what question Hume is trying to answer. This is going to be key to figuring out what all the philosophers we're going to study this semester are doing. You try to figure out what question that philosopher is trying to answer and what the philosopher believes answers that question. Now, you might initially think that the question he's trying to answer is how should one live one's life. And in a way he is, but he's not doing so directly. In fact, none of the philosophers that we look at this semester are going to answer this question directly. They're always, always, always going to answer this question, how should one live one's life, with a different question. A second question, depending on how that question is answered, that determines the answer to the question, how should one live one's life? Okay, so what's the second question then? What's the second question Hume is trying to directly answer in order to answer this one? Now, you might think that the question is, are any moral beliefs objectively true? Now, Hume very definitely has an answer to that question, sure, but that's not the question he's trying to answer, at least not directly. He's trying to answer something else directly. Maybe you think that is can moral beliefs be true or false? Again, he has an answer to that, but not directly. He is trying to answer something else instead in order to answer the question, how should one live one's life? All right, so what's the second question? Well, for Hume, what he's trying to do is he's trying to answer the question, what justifies moral beliefs? What justifies moral beliefs? And depending on what the answer to that question is, that will help you determine how you should live your life, because you simply need to look at those moral beliefs which are justified. So, according to Hume then, this is the point of his whole project here. According to Hume, what justifies moral beliefs? What actually is going to tell us what are the moral beliefs we should hold on to? And for Hume, moral beliefs are justified by passions. They're justified by your desires. They're justified by what you want.


Jordan, I'm just wondering where where you were. The triple play was was turned and your reaction plus vantage point. I was in the train room. We were a little delayed, but I heard I heard everybody screaming. So I figured something happened and then got to watch it. Couldn't have played out better. Would you think overall of your rhythm today, your stuff and the outing? Uh, rhythm kind of came and gone or came and went, um, had a couple good innings, uh, battled in the, uh, a couple innings through that heater to Olson, um, was a 1-0 pitch. Just wanted though an aggressive fastball and he got it. Um, but we won. So I'm happy with it. What is it like right now? Seeing Gary get locked back in where he's looking like the Gary we've we've seen in the past, Jordan. How much does it mean to this team and this lineup?  Um, I love throwing to him and I let, especially when he's, when he's hitting the ball as well as he is. Um, but I'll always be there with him. We'll take the next one from Ken David off. Hey, Jordan, when you talk about Gary, you've just been to have his bat in the lineup as well as working with him. When you say I love pitching, especially when he's sitting like this. I mean, even when he wasn't hitting, I love throwing to him. So it's definitely good to have doled Gary back.  Uh, I think he's, he's doing his best to kind of take the pressure off me for sure. Um, but he's, he's swinging the bat really well right now.  Uh, we're playing good baseball. I mean, that, that was a really good team to take the series from them and, uh, turn a triple play. That was a pretty cool ending, but we just got to keep doing, doing little things right. Thanks, that's right. Lindsay Adler, you have the next question. Jordan, you've thrown to Gary for a long time. What would you say that his strengths as a catcher are and how have you seen him sort of develop over the last few years? Um, strengths, uh, he's got a great arm. Um, he, he, he works really hard. A lot of people don't see what he does away from the field. Um, and we've really kind of started building a relationship on the field. Um, really just like, he knows what I want to throw.  Um, we're talking in between innings, what we're going to do to guys. Um, we, we're just pretty comfortable working together.


All right, Sabra trader is welcome on back here this Friday afternoon a close things out Maybe not so fast just yet We have we have about like 90 more minutes before the close But I got to tell you this CGC trade has been an absolute monster all throughout the day today So that said great to see all of our students and members just joining us here We have later just before I saw Michael Brad Joe had revina had Kathleen had Louise had all of our students members Just before just give me a soundcheck just let me know if you can hear me loud and clear Should be good to go and as I say that get in the green light from the ladies of the trading room there later Margaret Louise in fact and Kathleen great to see Charles at least in between Charles aren't all of our students Otherwise and hey if you're on social media Facebook live LinkedIn Twitter YouTube etc that being at cyber trading you but I mean What a trade this CGC has been to us really from the get-go It was not on like the main list or main morning list. That is okay. Hey, we say all the time two things Start with the watch list and then from there It's not as if every stock on the main list will run, you know after the first five ten minutes We'll look to try and scan for other opportunities out there Well with that in mind at least in pre-market. We started our chat on CGC saying it was up like three and a half percent from yesterday I wrote that in the chat board just reposting in front of you here on the top right screen You know Chris was saying maybe it's on the B list one of our students Chris M That was all pre-market chat, but then from that point it ended up making its run and over the microphone live You're talking about these levels initially off of four dollars and 82 cents four dollars and 83 cents This was just a lot of consolidation within the first five or so minutes Just more or less once this ended up breaking or re-breaking for that matter above 482 483 it was pretty much right at this point that led to the initial entry and then from there It's easy to say obviously ended up making a big move shortly after but that's how we teach it, right? That's how exactly we teach it to you when a stock breaks through a big level and you get in Well, at least upon the entry we should be getting a pretty big move shortly after hey really quick for our students here What time do we typically get? Reversals in the stock market what time in the morning do we typically see reversals? I went over this with one of my students on a coaching session just earlier today What do we got from Louise or Charlene Grant all saying 10 30 10 15 to 10 30 Eastern time that is Well when this breaks over this big level at 9 37 9 38 in the morning You know, we got a lot of time until 10 15 10 30 let alone 10 o'clock, right? Let alone until 10 o'clock This was a really easy trade to hold into at least until that point You know, but even as such this ended up actually flipping resistance into support I think this had an iceberg as well at like $5 24 cents eventually broke above it flipped it into support Moved up higher and then from that point really just this whole trade was based off of re breaks Seeing a stock test resistance at first and then from there maybe like on the second or third test of that level here It's six bucks first test false break second test in this case led to the run-up higher Flipping resistance into support rinse and repeat. This has been an absolute monster to us today Not just because it moved up so much, but but it was also Traitable right? This was a very easy opportunity if you go through our classes and you're saying all right Well, hey our best entries to buy a stack are directly after it breaks through a big level on the way up So, you know, of course you wait to see the first test of resistance Perhaps but then from there you could try and see if it can make that better play over time Even most recently here like at a whole number seven dollars I've been hands-off on this trade for the last hour. It's been really nice to me Right so in and out in and out and I agreed with a couple of our students in chat Like, you know, hey, we got to be a little bit more hands-off and sit on her hands at least heading into this meeting You know, I'll definitely be more active coming up But at least with that said just even off of seven bucks right here I would not be so jumpy I would wait and this actually made a much better push than you'd expect So perhaps resistance can become support perhaps So this took about five or ten minutes for this to actually make its move off of it But under and over under and over it actually provided an easy opportunity to get in from there If you were hyper focused around that level and just the whole concept of breaking through that level going up, right? So, you know, we want to go with the upward momentum now Here's the thing on this trade before we move forward because there's sure plenty of other stocks We'll call out in just a bit markets been pushing up pretty nicely all together You actually just get that up on my five-minute chart actually the spy on the top left You'll see pop up, but CGC basically was a gap fill, right? CGC was a gap filled back from mid to late December ended up actually filling the gap completely at 678 685 ish and then some right and then some end up moving pretty nicely off of that price just here so obviously CGC Numero uno on our watch list of course with that in mind just great push Now this is a pot stock. You'd like to think maybe some of the other pot stocks are running Yeah This one, I mean not really like this is just crawling till ready It's up 15% like yeah It had a good pop at the open, but it's doing nothing compared to what CGC is doing at least for a last hour and a half two hours ACB would be the only other one and a rich post that earlier in the chat You know hey, we said that ACB is tradable. It's good, but just CGC for my experience Especially the last cycle where all of these ended up running like last year You know CGC was the better performer So until proven otherwise, that's where I wanted to kind of lean towards and thankfully it's paid off but either way ACB will kind of tag along with the Canopy growth trade, right? We're not gonna add everyone, but at least this one looks pretty good too All right, this scan is all out of whack here. Give me a quick second lower left right there All right, so what we'll do is go from top to bottom. We got two good trades already You know talk about this back stock here BACK a lot of things will look like this trade now Pump and dump ended up making a big push earlier today topped off 1045 a little after 1030 had kind of elite start to this morning here So really it was a short-lived run, but you know at this point this trade's done for Keep it going IDN Haven't seen this trade until right now. I like it. I mean it's at the highs It's a pig just spreads opening up a small amount, but at least for the meantime I'll kind of just put this on our list, you know looks decent and it does have decent liquidity too You know a bit of a spread, but you do have some larger orders here like 5500 13,000 on the buy side on the sell side You got a few that are over a thousand shares. You have your iceberg here at the high of the day So there are levels to work off of here at least to Alright NV FY we're done with that CGC. We're not done with this just yet But it is pulling back down not so much of a surprise I thought this would look to build a little support perhaps going into three o'clock 315 times So they're definitely still tradable now this this actually is a really good trade from earlier today I missed out on this we'd called it out, but you know my Vocal point as like Josh the trader was CGC So I did not have any skin in this game very VRI myself, but ended up making a very nice push basically up to five try to chip above it then from there failed So, you know, hey, I'll kind of put it on our list for now Even though it's kind of dragging back down a bit I'm hoping to see this kind of bounce back up towards five You could see earlier it tried to make that cleaner break and it gave it a good fight You know held that support here pretty nicely, but you know, if it's not going to make that big move on the way up I can make a big move just the opposite direction So yeah, you know, I'll add very to our list for now Maybe I'll even come back to it and if it ends up just tanking more Then at that point maybe I'll scrap it But for now it makes the cut You have very then you got VRI for anyone like myself that suffers from traders dyslexia That wouldn't be too good for us But actually the difference here is that this stock is like 42 cents. We don't really trade penny stocks like that BW Nice little recovery on the daily chart here and at the highs good spread I you know again like if there's a stock that's this low. I just would rather find something even faster moving This definitely could have been that it was faster moving. It was very steady moving to AMTX just up until before where you know first test of major resistance here at seven bucks best test BAM right there easy to see how that whole number level held as resistance But you know, that's just where we always say the more stock moves in a certain direction The first test of a big level. It's the best test. So I think this trade's done for now, too. I Oh Okay, we'll go through some like market movers and just a bit NVIDIA AMD Coinbase Apple all had good bounces earlier Actually, maybe sans Coinbase, but the others had good bounces earlier OCG and this has been a teaser of a pharma company just in the past This was one of the COVID stocks that we traded back in 2020 one of many but 21 might I say otherwise, but you know ended up pulling back down, right? So it's a pop-and-drop type of trade and no surprise It's basically doing the same thing here pushed up earlier in the morning Topped off a little bit after that reversal time even but then back down All right So if there's anything else looking good from the gainer side here folks Just type it in for like Wendy Louise Grant all of our students right now in chat.  It's on the gainer side But now at this point kind of pulled back Given how much the stock dropped off over like 2021 2022 I'm sure eventually this will make a short squeeze, but you know, we'll check in with it like next week, maybe CRDF familiar name just check out the stock quickly pulling back down to LAC lithium company, I think right Yep You know, it's kind of hanging here near the highs needs to definitely make a clean break above like 709 710 again I'll come back to this at the end if we really need it, but We'll see if there's anything moving better All right, so again, let me know if there's anything else looking good Just going up at least or if there's anything moving with the market altogether holding near the highs We'll hop over to the losers list though just here see if there's anything looking just as good This is actually looking pretty good and KTX it is easy to borrow on my platform down nearly 30% So in the event where this fails to break lower And drops then maybe you might see the shorts cover, right? See a little dead cat bounce if it fails to break lower, but for now I would follow the stock down first You know probably probable next support would be at nine bucks Just a whole number there. Now, so you're pretty much lower the day right there already at 901 Lulu a little expensive obviously, you know, if he traded the puts on it earlier or even the bounce just day trading And I guess but you know, I didn't have any business with this trade earlier All right now not to sound lazy. I really mean this just it's a lot easier to go through the losers list Especially in the afternoons So, you know, there's a few things that are easy to borrow But most of those are really trading low volume this LU trade. Maybe I could look at it is filling the gap We were talking about that yesterday It's just a really slow move. So, you know, it's tradable is like all super level one type of stock It's like watching the grass grow here, but maybe we get more room on the way down That might be a quick thought there, but I'm not going to add it to our list SLRN same thing. All right, so need a little help all hands on deck as one may say Lewis and Matt and Patrick and Roger and all of our students here just in chat Let me know if there's anything else that you'd want me to look at or call out anything just here Open to really any suggestions as long as it's tradable, you know has good spread good order book That AMT X trade I think is done for good that back trade definitely done for good. Oh GRWG another pot stock, that's not looking that nice Yeah, you're not going to see really any other good pot stocks make a good push outside of the ones that we've been looking at already Just trust me with that from experience. We've been teased a thousand times over on all of them So just from experience CGC ACB those are your main two pot ETF your MSOS this thing has been flat as can be so not really moving too well this one is XTLB It's up 21% maybe I skipped over this stock. It's only trading 717,000 shares total on the day That's not really a whole lot for what I want to look for at this point. You do have resistance at three Including that 26,000 shares seller out there You know it wouldn't hurt us to add this to our list at this stage We don't really have a big watch list at this point, but I do hope the order book fills in a lot more especially on the buy side It's really like not a liquid stock. So it's not something I'm gonna really focus on right away I'd rather stick with the CGC ACB combo Take a look on LAC here as well You know again doesn't hurt us to put this on our list now at this stage That might be it folks. I don't think there's really much else that's standing out again If you want me to look at NVIDIA you want me to look at AMD and all that absolutely You know NVIDIA had a good morning early afternoon just making lower highs now So, you know it's still looking really strong going up probably going to continue to break all-time highs over time on the way up to a thousand SMCI Gap fill there maybe a little bit there from yesterday Check out like a PLTR Palin tier. It's going nowhere So I'll say I think that we scan for pretty much all the good stocks already, you know again If there's anything else just let me know but you know for all of a social media really briefly Just if you have any other questions feel free to shoot me over a quick email I always like to post this at the end of my streams here Josh at C2 trading comm now That'll pop up on the lower left lower left right there Just any questions or trades you'd want to go over via email Josh at C2 trading comm Otherwise if you're interested in joining us just for next week inside our live trading room Just scan that QR code if you're fancy with your phone fancy with your camera right there If you are not no worries Just go right down to the link on the scrolling green banner below C2.co forward slash trial and we look forward to having inside our trading room coming up shortly from Scott one of our Trial members here joining us so Scott says CGC is an international company. I think they are really benefiting From germ Germany's legalization Very well could be the case. I think Louise may have posted something, you know of that nature earlier in chat If I'm not mistaken is CGC. Yeah, there we go. Louise the CGC Headquartered in Canada is a Canadian company kind of that you're my friend and right if he's tuning in right now I'll be quick to answer but CGC so if you're saying international then maybe they have relations with Germany all together like as far as their business There we go, Andrea. There we go. Louise just be forcing. Yes, Smith falls Canada absolutely. All right, so, you know just to say hey if that's the case if Germany's legalization is affecting this And that's why it's running Love to hear it good to have a headline because of it, right? But with that in mind though This will even go to other stocks where there's been news out on those companies not talking even the pot stocks Just like you know by the by the news type thing You don't want to do that because not every stock is going to run off the news So it's good that there is a headline and we love that it's a great heads up from Louis or Louise and Scott and then at least for now We're gonna see if this can build a higher low to make a higher high That's the larger focal point for the next like hour the next hour and 15 minutes or so here All right, but that's a good comment there from one of our trial members joining us here today All right, so hey folks, we're gonna call it here for the meantime I'll be back in the mic just in about 12 13 minutes wrap things up for us here going into the close Hopefully one more push on these trades. They have been phenomenal to us all throughout the day Not just because they moved up folks I'm saying that to anyone on YouTube anyone that isn't really like part of the in and out of C2 like our members are Listen and just because a stock moved up doesn't mean that it's easy The reason why this stock was actually easy and I don't like dropping the e-word too often is because it had good volume You were able to see iceberg orders and because it had good liquidity It wasn't like flying around 20 30 cents up pop and you know Hey, you can make quick money on those types of trades, but you could lose it that much quicker And that doesn't grow the confidence does it so, you know, even if you thought this was a little volatile And you were a bit concerned. We'll study from it, right? You know we'll study from and see why it worked out the way it did and the more we go back to the drawing board in terms of Reviewing trades. Well the quote-unquote easier these trades become All right So hey, I'll be back in the mic very shortly folks for all of a sudden social media Facebook live LinkedIn Twitter YouTube the works at Cyber trading you on the lower left. Just make sure to follow or subscribe to us there Otherwise have a great weekend and we'll catch back with you folks coming up on Monday


At the end of World War II, the Chinese nationalist government tried to salvage a Japanese ship that had mysteriously sunk in Poyang Lake. They hired Edward Boer, a respected American diver and salvage expert. In the summer of 1946, Boer led a dive team, but nothing was found after searching for a month. During the search, several divers also mysteriously vanished. Many years later, he spoke of having seen a blinding light and hearing an ear piercing screeching sound while diving in the lake. He claimed that the lake appeared to be shaking and an unseen vortex was pulling him and his dive team towards the lake bed, although he managed to escape. The grip of the vortex he claims to have seen the rest of the dive team disappear into the bottom of the lake. Click on the link below to see the full video.


And I've studied, it helps me kind of keep them in the catalog a lot better if I kind of remember who and what. Now we had a kid named Nick Langford, he's a two-time D3 All-American. He was real good at legs, he was terrible at everything else, right? But if he got on top, you were in trouble. He's a three-time state champ, probably one of the worst neutral wrestlers we had in our club, right? But boy, if he got on top, he was a wrap. Now, what he started doing is, we taught him this, Coach Rubber, the guy who started the compound with, he taught him this power half-till. Well, he got so good at it that everybody would do everything they could to not get caught in this power half-till. So like I was telling this guy earlier, the more you figure out what the other guy wants to do, it's easier for you to figure out how to solve the puzzle, right? So he would do the same thing we just did. He would mirror the arm, forearm on the back of the neck, once you wiper the wrist over and lock up this kind of reinforced power half, right? And he would start to try to drive and pull, and those guys would kind of turtle up and hip down. So all he would do was just cinch it up, dive his head in the hole, and roll through to this position, which is where we just came from, right? So again, we're trying to turn him to his right, he fights down to his left, and we just turn him to his left, right? So it makes life really easy for us on top, and it's even steepier on top, when this guy's like, No, you're not today, you're probably not today, okay? So all we're doing is we're just gonna kind of set him up onto our right, right? Maybe we've already turned him with it once, and he's felt it, and he knows it's coming, okay? Maybe he's felt it, I attacked him here, took him down, got my legs in on top, got some of my power half-reinforced tilt right here, and I'm driving, I'm leaning. Then he turtles up, my head goes right behind the arm, right here, and I'm still scooping, lifting with my leg right here. So I'm lifting with my right leg, and I'm just rolling through. Everything stays intact, then when I get to my hip, boom, right to my figure four, all right? Right here, all right? If I need to get my stretch, then I can, all right? Nick Lakeford wasn't that bad on the speed, I was just joking. But he was definitely this dog on tough on top.


Okay, so we've moved about 10 meters over it now, and we're looking down at some material here that I'd like to point out. Now this large piece of rock here, that is an erratic. That is a dropstone. Because this is something that could never get here by water. This material could only have been put here by a glacier, which became an iceberg, dropped this down, or somebody 290 million years ago brought a boat and carried it out and dropped it. Which is not very likely, considering we hadn't evolved yet. However, notice this is a metamorphic rock. It's not a sedimentary rock. It's a piece of material from the hinterland. The hinterland being up in the hills, higher elevation from here. Now if we look over here, this is a completely different rock with completely different shape. In fact, as we start looking around, we see that there are all kinds of little bits of material in here that have no business being here. So this is one piece of evidence that tells us that we were in a very cold climate.


As many of you know, the PACT Act expanded VA healthcare and benefits to millions of veterans exposed to burn pits and other toxic substances during many of our nation's recent conflicts. Its historic passage was a win, championed by DAV and our many DSO partners. The things aren't always as good as they seem, and in this case, the PACT Act has unleashed dozens of individuals and organizations known as claim sharks who are looking to bulk our nation's heroes from their earned benefits. With me today is DAV National Service Director Jim Marsleck to help us break this all down. Thanks for being here Jim. Thanks for having me, Todd. Absolutely. So first things first, what are claim sharks? Claim sharks are companies that are unaccredited, they're assisting veterans or consulting with veterans on their VA claims filings, and it's illegal. This is why DAV supports HR 1139, the Guard VA Benefits Act. This legislation is so important because it will reinstate criminal penalties for these folks that are wrongfully charging veterans. Okay, let's rewind a bit, because I heard you say the word illegal, can you go into that a little bit more? Absolutely. To assist or consult a veteran with a claim, you must be accredited by the VA's Office of General Counsel. These companies are not accredited at all. Sounds like it's that something that would go against a veteran's interest. So what can veterans do to identify or protect themselves from claim sharks? Sure. There is a lot of information out there, and these companies really have a large presence on social media. And so any company that's making false promises or almost guarantees that they're going to get an increase or get you some type of benefit, you should be wary of. And anywhere where they're asking for any type of money as a result of their service, you have to be aware that they're not a legitimate company because, again, to help file an initial claim with the Department of Veterans Affairs, you're not allowed to charge fees anywhere. Okay, so what is a better option for veterans who are looking for representation before the VA? Come to DAV. DAV, our national service officers are accredited. They are veterans helping other veterans, and you can reach us at benefitsquestions.org. All right. Thanks for being here today. General, appreciate your time. If you or anyone you know needs free assistance with their VA disability claims, go to benefitsquestions.org to find your local DAV service officer. They'll be happy to assist you in obtaining your own benefits, not taking them away.


This figure is from the Berkeley Earth Project. It was run primarily by physicists who did not start out as climate scientists with an interesting mix of funding from public sources, but also some of it came from private sources, including those with ties to the fossil fuel industry. It's looking at the thermometer record of temperature and just looking at the land. Now, if you go back to 1750 and up through about 1850, you can see that the uncertainties are really huge. So we're mostly going to focus since 1850. Many groups have been estimating the temperature, including NASA, the Goddard Institute for Space Studies, NOAA, the National Climate Data Center, the British Group, the Hadley Center and the Climate Research Unit. And what you can see is those plus the Berkeley Earth estimates up here on top. And what you'll notice is that the uncertainties in the Berkeley Earth are similar to the differences between the others, which also have their own uncertainties. But you'll see very clearly that there is a strong warming going on. The different groups have used different techniques, although ultimately they're all using thermometers, whether they use them all or not, is different for the different ones. But when you have different groups with different funding, different motivations perhaps, and some working in different places, they all give the same answer, which is it is getting warmer. We have very high confidence that it is warming.


Hi everyone, Joe for Jasmine's case race calm with 2020 gold rush big cojones basketball Five box random team break number one. It's all 30 spots. Everyone gets a team in the NBA the association one card per box I don't know what's in here a breakers dream apparently they're saying as it delivers one premium hit per box And five boxes per case All right, so less than a hundred case produced Do you have the cojones these people do Thank you Appreciate getting in there the teams right there. Let's roll it. Let's randomize it six and a two eight times six and a two eight times one for each list two three four five six Seven and eighth and final time after eight. We got Kenny down to Zach T All right six and two eight times for the teams two three And eighth and final time after eight we got the clip show down to the spurs now traditionally repack products like this will not have a checklist so Trade make trades at your own risk Kenny with the Clippers in the Knicks run with the Raptors Dan with the Cavs Robert with the Grizz Brenton with the Wizards Roger with the Blazers Danny with the Lakers Kevin with the Thunder Nick with the Kings a berry with the Magic Joseph with the Pacers Josh with the Timberwolves Brenton with the Bulls Eric K with the Jazz William with the Nets Danny with the Pelican Nick Coba with the Sixers Robert with the Bucks Chan with the Hornets a Brett with the Heat Josh with the Pistons Brenton with the Warriors Roger with the Hawks Douglas with the Mavs Kenny with the Sun Zach Paul with the Nuggets Jimmy Connell with the Celtics Russ with the Rockets Zach T with the Spurs Let's get all that on one page sort by column B right there. So trade at your own risk And here's a general a very general idea of what Could possibly be in there. I mean it looks pretty good So we'll see we're in a positive video when we come back We see if there's any trades and then the break stick around All right, welcome back folks no deals were done So let's see what we got here on a Friday. I think I only saw one of these cases in the back So this this is it. They only made a hundred cases See what we got. I'm sure if it's Inside a pack. Oh, it is I don't want to unveil it too soon We've got a thick card here. It goes this way Is it national treasures? Yeah, national treasures and it's a colossal Lebron relic nice 30 out of 30. It's pretty nice Dan Golan with the calves They're kind of dangerous Now I thought it was remember that big cut. I really bad cut from a gold rush autograph baseball product Yeah, I was trying to pull this said but it was like the box is pretty tight And I think I slipped and I sliced my thumb real bad. I know right would have been cartons for me I know right crystal crystal bars like that. It's probably 400 bucks on that Lebron relic right there. Just one plain patch All right, we've got a nine five you got a nine five and it's another calf this time. It's Kyrie Centering is a ten edges corner surface all a nine five From NBA hoops. This is 2012 and is this rookie Kyrie? 1213 yeah, yeah, it is it's under that label right there Right, that was the dual dual class here. All right, so another calf for Dan Next one We don't have any more of this right? I didn't see any now Teddy hasn't opened any spectra on Instagram. Oh Guys you guys got it. You guys got to help Teddy out All right We've got a dual autograph one out of five Wow Jason Tatum and Harry Giles Celtics and Kings one happy person one sad person and a train whistle Celtics Jimmy Connell Kings Nick Coba feels like another graded party here. I see a nine five Ten It's a rookie He's pretty good It's Trey young nice There's the nine five and ten rookie endorsements autograph from encased on Card as well. That's his rookie year to 75 Atlanta Hawks Eastwood Eastwood also said he He got a lot of cards from us pre-pandemic cards and he sent to PSA just got back on an email with some really good grades so he's happy with our Way we handle cards. All right, so next one Ice. Yeah, it's pretty cold that ice tray card Chris pretty cold Yeah, he's like, what is this place? Whoo, is that what I think it is It is oh a sell sheet hit from select basketball 2018 19 select basketball Numbered 141 out of 199 on card autograph Lulu Luca Donchich Dallas Douglas with Dallas 141 out of 199 Congrats to you. All right now time to make one person really happy and make one person really sad We've got Think Jason Tatum's on top, right? So that's Boston and Harry Giles III both Duke players Harry Giles is with Sacramento Sacramento, right? Pretty sure Yeah, he's he's he's a king. All right Let's roll it. Let's randomize it One and a four five times name on top or team on top after five gets the card in the train whistle good luck one two three four and five Sacramento gets it after five Sacramento Nick Coba my apologies to Jimmy But congrats to Nick Coba and the Kings you get this dual on-card auto from flawless basketball 2017 flawless basketball All right, both of these guys rookie ears right here and All aboard the Big Head Express There you have it boys and girls 2020 Gold Rush a big cone is basketball in the books. That's some great stuff I don't think we have any more but keep your eye out for more on Jasper's case breaks calm We'll have more of that or some other similar product there. We'll chase some more monsters. See you next time. Bye


But none of this is real. This is not real. This is virtual reality and this is a flight simulator. None of this is real till we leave this room and are kind to someone, help someone, notice someone, inconvenience ourselves for someone, empathize, suffer with someone.