It's Q&A number four, it's week number four already. It's flying. Welcome back to the School of Calisthenics guys, we are here, I'm question master back again. The first question I'm asking this week is, when do I get to be question master? Just to be there to, you're not question master and therefore you can't ask a question. Just answer them. Right, okay. See there's a hierarchy somewhere here. Think on that note we should probably start with question one. In Q&A number two, we're gesticised, is that a right word, is that a mean joking? Have I made that like gesture-y, gesticised? I don't think that's a, that's a question. We made a joke about questions flooding in, but now they are actually flooding in. Overwhelmed. Not yet, but enjoying the number of questions. Anyway, that's genuinely like, first one. Want to be able to give out some good quality information so keep this question coming in. So, uh, Barrett, I don't know if that's his real name, but it looks like a proper scenic man. He might be like Swedish or something, but anyway, Barrett, on YouTube, there's hi guys, just found your YouTube channel. I'm going to add a little bit in from him. I'm assuming he thinks it's great. I have just started Calisthenics for about three weeks, so that's right, really early doors. It weighs £200, £90.7 kilos. So do you think I need to lose weight before I can do a lot of the tricks like Muscle-Ups as they gave? Thanks guys. They do say love the videos. Thanks for the question. Yeah, good question. Let's, uh, so we're going to talk about Calisthenics' strength-to-weight ratio, so it really doesn't matter how much you weigh if your strength is relative to that. So if you could be, like I've seen some stuff like, you may say some good or bad example, but Cali Muscle, like go on YouTube and see the size of that guy doing human flags, muscle ups, like this guy probably weighs 100 kilos maybe, I would say. Probably more. But like just freakishly strong in that sense, and he will stop there in terms of delving into how he got some training methods. However, the principle being that you can get big, you can be big, and you can be good at Calisthenics, it's just literally matter of training effectively, and I think it's really about optimising what your body composition is, so if you're carrying a little bit of excess body weight that you would like to get a little bit leaner, then certainly look at how you can use training methods to do that, look at your nutrition to do that. Ultimately, the less weight that we've got to shift in Calisthenics, the easier it's going to be, but you certainly don't need to weight into your optimised body composition before you start getting some muscle ups and stuff. Yeah, there isn't a number of reps of pull-ups you can do that then automatically means you can do a muscle up. There isn't a weight that you need to be to then be able to do a muscle up.  You're pulling, pushing, core strength, all that stuff's covered in our free beginner's guide, but equally, just touching on that like new tutor we've got here in Seth the Bear, he's like 90-odd kilos, but he's strong. Yeah. Like Tim said, it's strength to weight ratio. You could be my wife's 55 kilos, she can't do a muscle up. Even though she's very light, she's not strong enough, so it's...  Don't take money to running, Graves, but it's that, it's that strength to weight ratio. But the nice thing I like about Calisthenics is that it's about you just being strong for your weight, not being strong compared to someone else. And so that's... I think the point you make there about being three weeks in, when I first started Calisthenics, I blocked out three months. My big thing I was worried about losing muscle mass, because I was like always I just convinced myself over the years I needed to do all these dumbbell, barbell exercises to maintain a certain physique, and I said, right, three months I don't care, what happens in three months, I want to go on this journey and see what happens, and what I found was my body compasses changed for the better. And then just as a result of being Calisthenics and what that means around, we really don't have to talk about the natural way to train, and that filters into your diet, and you kind of want to, you know that eating healthily and all that sort of stuff kind of all fits into what Calisthenics is about. So give yourself some time, nail the basics, see where you're at in three months.  It knows that what you're trying to do when you're starting to train body weight in it, it's not necessarily trying to... It knows it's not trying to build excessive amounts of muscle because the jobs you're trying to give it to do, or the tasks you're giving it to do when you're training, don't help by being big and bulky. The body or the brain effectively is managing the body, it just wants to be efficient, that's why we adapt to exercise, it's why if you run or you train or whatever else, the body adapts because it wants to make the system more efficient and therefore come at what you're challenging with the exercise that you do come at a lower energy cost, so it's all about survival, you boil it all down to the bottom, bodybuilders have to work so hard to build muscle because they can't, it's not, having that amount of mass is actually not that efficient for the body. So Calisthenics is definitely about efficiency, strength to weight ratio and just have fun with it. I don't complicate those things, the tricks as you turn on the muscle ups and all that sort of stuff that comes in time, but it's part of this journey, just have fun with it, that's what I'd say. And we just finish here on the fact that something that's we've been passionate about and why we feel it's been so good for everybody and for us personally is, and we fall, we still fall out of this trap sometimes of like worrying about what we look like rather than like what we can do, Calisthenics has changed that in terms of you're trying to achieve a movement, a thing that you're trying to do, a hold, a muscle up, a lever, whatever that is, and you'll look a certain way because of your training rather than trying to be a specific way, trying to be a specific body competition. That mentally is a much more positive way to look at your training and to focus your training on and that's a bit fluffy, but it's not BS, like that is genuine, that's how I feel. So that is a huge benefit to Calisthenics from my point of view, it's definitely. I hope that helps. Cool. So. Number two. I'm actually gonna stop calling you.  No. I don't, I feel like- This isn't what, this isn't the form we've already got to that point. Yeah, but I feel like you're stabbing yourself as a slightly higher rank in the Q and A realm is that I'm not even allowed to- No. I'm not allowed to be question master. And the answer is also the one that answers the questions.  I feel very even. Well, if you wanted to seem to be question master, you're not doing anything to help your argument. Right, next question is Anton Haddad. He says, hi guys, I love the video. He was commenting from the muscle up one. I like the science you, the science touch you've added to the equation. Nice. I like the word you've used there in your sentence equation. Yeah. And Tim will like that. Because Tim likes being scientific. That's what he's been up to. I'm just, the last word which is in there. Masters of exercise science, research masters. Anyway, let's talk about you more about this question. My max pull ups is 10 in a row. Do you think I'm ready to start training for muscle ups? Do you think weighted pull ups can help as well with the explosiveness? And one more question beside being an impressive move. What is so great about muscle ups? As in what are the benefits? Thank you, you are indeed underrated. I will be sharing all your videos on Facebook. It's a quick fire way to get your question right out. It's quite a compliment. Yeah, yeah, yeah. The table will definitely question master. Definitely pit the ones that make him boost our egos a little bit. Excuse me. Can you just say that the most important or the most interesting part of that question that I thought I'd like you to touch on first is what is the, like, why bother trying, why are people trying to do muscle ups? What are the benefits of a muscle up or why do it? I thought that was a great question. Yeah, yeah, it is good. We're writing our muscle up ebook at the moment and I've put my introduction to that that we've put down kind of touched on this. I think there's probably two or two angles from this. The muscle up is something that when you see someone do it, there's something inside. If you kind of got appreciation for training movement, you go, actually, I just want to go to do that. It's just a very simple feeling that it's just a cool move. It shows that you've got quite a lot of athletic ability, some strength, some speed in the locker, which you can go from underneath the bar to above it, link all that sort of stuff to get. It's a very complete body movement for me. We've got explosive pulling, we've got speed. We've got a push and a pull. And we sometimes, from an athletic performance perspective, we do a lot with athletes and we use Olympic lifting techniques like cleans and snatches and that kind of thing. And for us, we've talked before about the muscle being an upper body version of that same thing. We're going from a high-speed tension movement or high-speed creating a lot of tension, creating a lot of strength and transitioning into something else to create the movement.  I remember seeing that and even now, like still, when you see a nice muscle-up, you can appreciate that it looks it. And what I also really appreciate is it's a great challenge. If someone's doing 10, 15 muscle-ups and they're still looking clean, that's hard. So I think it's a massive challenge, but I think if I was to pick, if you said to me, like, you can only pick one exercise to do to maintain something. Like, if I've got five minutes of training three times a week, what are you going to do to maintain upper body strength? I'd just do muscle-ups, I reckon. Just because it ticks, pulling, pushing, all those boxes. Yeah, I would try to maintain a bit of everything with just from doing muscle-ups and variations. Even if you were just taking a progression of pull-ups or straight bar dips, like you're still going to get a lot of ticks in those boxes. So that's why it's great. It's just it does everything and it looks flipping cool as well. But just there's a couple of other points about you can do 10 pull-ups, well, yeah. Like, are you ready to go for muscle-ups? But again, the video that we put up there is all about speed. If you can just get each and above the bar, but you're not really getting the height on the bar, you're not getting that high pull position, that's where you need to start to spend some time. You can do that using weighted pull-ups. It may not be a strength issue, maybe a speed component. There is some transitional kind of specifics that we're talking about in the e-book as well, which is going to help you get a sort of shoulder range of movement and that sort of thing in there. I think it's to fit that whole movement together. Yeah, I think it's likely that, like, power-being elements of strength and speed, and you're probably going to have to work, if you can do 10 pull-ups, you're probably going to have to work on both of them. So working speed, like we showed with some band-assisted high pulls, but then strength-wise, working like three to five reps, again long. Now, honestly, question master, I think, should be recommended. It's actually the headmaster. Just have to put him on silent. The... Sorry. I'm telling. Tomo, we're just doing a Q&A. You're live. You're live. Nero. Are you coming? Oh, headmaster's coming. Let's better behave. See you in a bit. Silent? Yes, I'm silent. Right, so the strength part of it, drop the reps down, three to five reps, good rest in between, and start working some weighty pull-ups so you're building up your strength, building up your speed, and you put them together for that part. Perfect.  That was my fault. That was the end of the question. But thanks for the question, Anthony. Right, the last one, third question. Jamie, where is he? Jamie, Jamie, Jamie, Jamie, Jamie. Jamie Nicholson. He, again, starts his question very well. Hello. Common thread. Hello. Good, hello. Hi, Jamie. I enjoyed the video and found it helpful. I have a question for you at Q&A sessions. My flexibility is rubbish. Sounds a bit harsh on himself. And I find pike push-ups hard. Whilst I'm working on that, can you recommend any shoulder exercises that can be done using rings? I'm currently using rings to work on triceps and biceps. Thanks for your time and hard work.  I wish you were based down here in West Sussex. Is it sunny in West Sussex? I don't know. If it's warmer than here, we might move. Yeah. It's cold this morning. We did have two lessons outside this morning. It's just about feeling back in my fingertips. Anyway, Jamie. Yeah? We spoke about this a little bit before we started to start the camera rolling about using rings for your bice and trice, but then not having utilised rings for anything else. And Tim's a massive fan of using the rings. Yeah, I love it. Lots of shoulder health and shoulder robustness. Yeah, I think that the rings expose everything that you've potentially got going on that's weak. So you really can't hide from yourself when you use your rings. Even if you're just doing dips and we find that we're just rolling the shoulders in, like that's just the shoulders telling you that it's not stable enough or strong enough to be in a more neutral position. So whereas in a bar, the bars fix, you can hide a whole manner of kind of weaknesses in your shoulders or you can have to chain whatever it might be. But the rings expose those. You can't hide. That's what I love about it. It's a really pure way of training and it's massively challenging. So many exercises you could do. I joke since there's, if you've got rings and you're using them for bison charts, excuse me, that's great. It's a nice little accessory exercise to do with the rings, but you could just get all that sort of stuff in, like using them for different pull-ups, using different grips, different dip positions, ring flies, chest flies on the rings, using the planche push-ups with your feet in, it's such a versatile tool. Skinning the cap, just talking about shoulder flexibility, the skinning cap is a great one. You're gonna be taking that shoulder for its full range all the way around, but you're also building up the strength through that range of motion, which... Take it into a popular kind of gym piece of kit now. They've always got suspension trains in TRX. Well, they are just rings. For me, people say, which is better? Is the TRX better than this? I'm like, no, the ring is the perfect one. It's people have tried to make something better which actually didn't even prove it. So all of the things that you do on a bar, pretty much, whether it's muscle-ups, dips, pull-ups, whatever that might be, you can do on rings, but you get the added instability challenge. And then all the things that you would use in TRX for, that's even supportive pistol squats for the lower body. They're just holding the ring and being able to do single squats with the pistols. As you say, I'm a real big fan of putting feet into the rings and then starting to play around with push-up positions and challenging the core. Walk back handstands with feet in the rings. There's like so much stuff on that. Actually, somebody sent us an email saying, are we gonna do a ring-specific book or something? I think it could be quite a series for YouTube. Yeah, yeah. Talking through it now. Yeah, we'll do one, I think. I put my rings on Amazon for 15 quid. It's half a gym membership for a month. I could go and hang them on a tree or a beam at home, or I've got a pull-up bar at home, stick them on there, and I don't need anything else. Yeah, it's great. And like, I wanna go on holiday. Yeah, yeah. I'll take any, hardly ever have a space in your bag, you take them and then we'll waste them my time. We're gonna wait next week, and I think I might wanna do a bit of training while I'm away, and the first thing I put in my bag was my rings. And it's such a, I'm like, I'm set, that's what I need. So, yeah, in terms of a load of exercises there, there's some of the exercises, like the beginner's guide, you can use the rings for, and we'll be putting together, I'm keen to do it, certainly whether we put together like a full program, that's like a paid for product on the website, I don't know, but certainly put together some free tutorials and content for a nice little ring series on YouTube. So, I've already written down some stuff in my little playbook, so some ideas around that, but keep an eye out for that. We're just gonna go back just on the pike push-ups around that there's the flexibility's hardly, and it's interesting that you use the term rubbish on that one, so just, we talk a lot about longer term progression about identifying your weaknesses, so definitely prioritize that, just understand what you're trying to do, and it's probably around the hamstring flexibility, potentially for the pike push-ups, and the shoulders a little bit, but be able to get that position. So, yeah, just stick that as a priority and training as well. I'm just portioning out the time, because if you can get that flexibility right, then it's gonna make a big difference for a lot of other things.  Yeah, perfect. So if you have any more questions that you want us to answer for next time in the comments below. I feel like I need to apologize, one for the phone ringing, but then two for answering it, but it was the headmaster. I was hoping you'd be here by now, so you could actually meet him, but when the headmaster calls, you know, see what I'm about to do. Yes, yes, yeah. But yeah, comment below if you've got any more. Thanks for listening, and we will see you next time. Class dismissed.


Hey, everyone. My name's Steve Vorval. I'm an engineer on the Polymer team. And we're here to talk about the next generation of Polymer elements, like Matt said. We're still pretty early in this process, but we're iterating pretty quickly, as I hope you'll see. So it's this kind of reusable elements that we're talking about. They're used in almost every app. And we have a pretty large catalog of them that we've published on the Polymer project. They've been out for a while, a couple years, since Polymer 1. So we've been asking ourselves, what needs improvement? Matt gave you a preview of that. And luckily, we've gotten a ton of feedback from our users, both inside and outside of Google. And YouTube's built a whole application with Polymer. They've asked us to make elements faster. People come to YouTube to watch videos. So we make Polymer faster. That will make YouTube better. The Chrome Settings UI is built with Polymer. And they've actually asked us to make Polymer elements smaller, which is kind of crazy, since you don't actually have to download them to load the Settings page in Chrome. But they do have to download with the Chrome app. So they told us, if you make Polymer elements smaller, it'll make Chrome download faster and users like that. And our own team has asked us to make elements easier to maintain. They've specifically voiced concerns about our behavior system that we had in Polymer 1 that was a little bit cumbersome to use and a little bit hard to make maintainable code with. So they asked us to work on that. And of course, all of our users always want a lot more features. We've gotten a ton of GitHub issues on that. And we actually know that all of our users actually want all of these things. They want elements to be faster, smaller, easier to maintain, and have more features too. Size is especially critical if you're making PWAs that need to load on slow 3G networks. Of course, you need things to be as small as possible. So we thought about all of this feedback when we were designing Polymer 2. And we realized that the needs of these reusable elements, like inputs and checkboxes and buttons, are really not the same as the kinds of elements you're making when you're making big applications. When you're making these application views, you're concerned really with getting data from a server and transforming it to the UI, managing those complex interactions. And you really want the ergonomics of that experience to be good. When you're making reusable elements, you're concerned more with size and speed and look and feel. So we realized that one size does not fit all in Polymer 2. We decided to throw out our behavior system in Polymer 1. And in Polymer 2, you really embrace the new features in JavaScript, classes, and mixins. And this would allow us to make Polymer 2 modular, pay for play so that features are there only if you need them. And that would allow us to hit more of these use cases more optimally. So we did this for Polymer, but the existing set of elements we've made, what we call hybrid elements, and these are really a bridge to the future. We really haven't addressed the feedback we've gotten in these elements. They're there really to let you transition from Polymer 1 to Polymer 2 seamlessly. So with that in mind, we're now starting to think about what it means to make that next generation of elements where we can start addressing that feedback. So we're just going to take a look at some of the topics that we're thinking about. And you're going to get an early peek at that. So first, we're going to look at addressing that feedback that we've gotten to make things smaller and faster really directly. Then we're going to look at using extension, which is a new feature in Polymer 2, and what that means for elements. And finally, we're going to dive into some improvements that are coming in the platform around styling. All right, so let's start. And we'll look at making elements smaller and faster. And to do so, we're going to go ahead and remake an old friend of ours, PaperInput. Inputs are used in almost every web application, so if we can make a small, fast one, that'll be great. This one has this material design look and feel, has that animation, that validation effect with a customizable message. And of course, we know we need all of the native features from the input element, accessibility, all of the types, and all of that. So as we want to remake this to make it smaller and faster, we need to ask ourselves, what's the minimum that we need? And we'll start by making a base class. And we can use this for this input element, and then maybe for some other elements too. So let's go back to the modular design of Polymer 2. We build on top of HTML element. And we have a number of mix-ins here. Property accessors exposes, helps us manage getters and setters, and react to properties changes. Template stamp helps you stamp a template. Property effects gives you data binding, and we wrap it all together in Polymer Element, which we think is actually pretty good for building these application view elements. It's just about 12k minified in GZIPT. And that's actually a pretty good trade-off here. But when we're making a really small and fast element, it's a lot more than we need. So we're going to actually go down to property accessors and use that. And that's actually just 2k out of the box. So it's going to really help us with making the element really small. To make it fast, we'll go ahead and just use this mantra, do less and be lazy. We want to do as little as work as possible to render the element, and then do work lazily only as the user needs it. So the last two slides were actually from previous talks that have been given. At Google I.O. this year, Monica gave a talk, Polymer Billion Serve Lessons Learned, all about the modular design of Polymer 2. And I gave a talk last year. You can see my standard uniform, which has all about practical performance patterns you can use with Polymer. All right, so let's dive in a little bit to property accessors and see what it gives us out of the box. So it helps us make accessors, which are getters and setters, where we can react to changes when properties are set. It also helps synchronize with attributes, which is important when we are using HTML. It has a explicit API for turning on the system called Enable Properties. And that's there to better integrate with the boot up process as a custom element comes in. We take those attributes and reflect them to properties and we're able to process that as one set of changes, which is more efficient. It also triggers the ready method, which is lifecycle method that we add to allow us to do one-time initialization work. And finally, we have an entry point called Properties Change, which allows us to react to this batched set of properties changing. And in Polymer element, this is implemented for us. And this is where we get data binding and property observers and things like that. But in this element, we'll go ahead and implement this and do the work that we need when properties change to update our rendering. All right, so now that we understand property accessors, let's go ahead and build a little base class on top of it that we can use to make our paper input replacement. We'll just call it Simple Element. We're just kind of experimenting, so that sounds good. And the code is just going to take HTML element, apply the property accessors mix in. It's going to call Enable Properties. At the connected callback is a good time to do it to get that proper turn the system on. And then it'll define a template getter. And we'll use a string, which is going to work well for modules. This is something that is actually currently optional in Polymer element. And it's all that we'll support here. And then we'll implement the ready method and stamp the template into the shadow root, which is great for custom elements. We'll steal a feature from Polymer element, the this.$n node map for IDs in our template. And we'll do this because we're going to be working with those elements directly in this. And this is just so we don't have to find them. We'll call Super Ready. This is actually the easiest way to have a broken element is to forget to call Super. So definitely remember to do that. OK, so that's basically all we need to do to put into our base class property accessors. And then we made simple element. And then we'll make a thing called simple input. And this is just going to replace our paper input. So let's take a look at a few things about this. We'll look at what we call a decorator pattern that I'll explain in a second. Then we'll look at the template. And finally, we'll look at some of the code, specifically the ready method and the properties change method. So first, we're going to use an approach we call the decorator pattern. We're going to ask our user actually to put the input and the label in the light dom of the element. And this is actually a change. We didn't do this in paper input. And it was a big pain. And the reason is because if we put the input in the shadow dom, and we want to customize or expose all the power of the input element, we have to forward all that information. It's a lot of complexity to manage. And it's not a good trade-off. So if we use what we call the decorator pattern here, it makes the element a lot simpler. And we get all of that native accessibility and the type capability of the input out of the box. All right, so let's define the template. And we have some styling. This is kind of the minimum that we could do to get that material design look and feel. I won't bother you with that since you're all CSS gurus. We have a slot for the input, which allows us to project from the light dom into our shadow root, a slot for the label, and then some non-semantic nodes that we get out of the way. And here we have an underline node that helps us manage that animation. And that's really all there is to it. All right, so let's look at the ready method. Again, this is sort of our boot up work. And since we're using a simple element, we call super ready, which is where we stamp the template. This is going to happen before the element gets rendered. So that's fine, but we have to be aware of that work since we want to make our element fast. And so anything else we're going to do, we're going to do after the first render of the element. We set up that CSS so the initial render is free. We don't have to do anything to get it to show right. And then after the render, we're going to immediately find the input in the light dom, just using some shadow dom API to do that. And then just add a couple of event listeners and use a private property here to track the focus state. And I do a little bit more for the label too. And that's really all we need to do in ready for that setup work. And then we're going to go ahead and implement properties change where we'll react to those properties being set, like focused and a couple others. And basically we'll be manipulating the dom directly. Here I'm just going to add a class to that underline element just to tell whether or not the element is focused and that'll manage the animation. We do a little bit more of this for the label in the error message and we get this, which is hopefully looks almost exactly the same as the paper input. Material design look and feel has a little validation guy and it's looking pretty good. So how do we do on size and speed? Well, pretty good. It's just a little over 3K using property accessors, the little base class that we used and then the code that we had for the simple input. And now compared to paper input, which is a hybrid element, which means it really is not leveraging Polymer 2's modular design and has all of the legacy API from Polymer 1. It's actually 10 times smaller, so that's a huge improvement. And by using the decorator pattern and cutting out some of the features, we made it five times faster to render, which is again a pretty humongous improvement. But of course we know from our feedback that the features that we eliminated, users are going to want. So what are we going to do about that? Well, let's move to our next topic, which is extension and see if this will help us at all. So extending elements, as I mentioned, is sort of a new feature for Polymer 2 and we just get to rely on JavaScript for doing this. And here's some things to kind of keep in mind as you're using extension and making elements. And the first is to keep our base classes simple. We kind of did that with simple element and simple input, so that's good. Using extension to add features, that's kind of an answer to how we're going to deal with those missing features that we didn't support in paper input yet. And then importantly, if we can design our base classes with extensibility in mind, at least in the sort of obvious ways that we can anticipate, this is going to make it much easier for us as we extend them. So as I said, JavaScript classes really give us a lot of help with extending elements because it's native now and that's great. But when we were kind of designing this, we were thinking about what about the templates? Especially when we're defining those templates at HTML, we were kind of concerned that we might need a system to help us do the kinds of things you want to do when you're extending elements. But if we're using modules, specifically if we're using those JavaScript string template literal to define a template, then that might actually change things. So we want to investigate that. And specifically we want to look at two use cases. The first is you're making a subclass of an element and you want to wrap some content around the superclass template. That's a common use case. And then the other common use case is we're making a subclass of an element and it wants to insert some content somewhere in the middle of the superclass template. And hopefully we want to do this in such a way that we don't have to copy and paste the entire superclass template. So let's take a look at both of those use cases really quickly. And this is just a contrived example so we can kind of see what's going on. Just a simple element that asks how do you feel and then has a little input to respond. Now if we make a subclass of this, we'll define the template here and just use a string template literal and the native syntax here to refer to the super template. We get that kind of for free. And then if we want to do the wrapping, we can just go ahead and insert the content like that. Adding a header there and then adding another question. Kind of get that for free, so that seems pretty good. But now let's go ahead and say, what if we wanted to subclass this? We realized that the way that we've organized this here, well, there's a header and then there's some sort of list of questions. Can we make, can we design this element to make it better as a, you know, better to subclass, easier to subclass? So if instead we have a template for the header and we expose that, then now we've created an override point that a subclass can customize. If we do see the same thing for the questions, then you can see that we've added very little to our base class here and the rendering is exactly the same. But if we want to subclass the element and make it look like this with a different header and maybe a couple other questions, then all we need to do is override the header template like that and the questions template like that. It's just that easy. So we can kind of see that extending templates when we're using those string template literals is possible to do a lot without a system, especially as I said, using those string template literals and using classes and mix-ins for polymorphism, just like we saw. So how can we apply any of this to the simple input element? Let's go back to the template. And we know from our experience with paper input that people want to do a lot of customization with how the input looks in the material design look and feel there. They want to add icons to the beginning of it, maybe icons to the end of it. And we could add a lot of complexity to our base class to support all of those needs or we could just expose an override point for the input template. And that adds a very minimal footprint to our base class but it's going to expose a lot of power as we subclass the element. For example, if we make something like this, a credit card input, to make sort of show a credit card after the input, we could customize that input template, add some styling, call super, add a little icon for the credit card. And then it would look like that. Obviously we want to do a little bit more to make a full credit card input, maybe restricted to numbers and validate the credit card but our subclass gave us a nice helping hand and it was really useful. So we're really excited about leveraging extension to build new elements. And we know this because it's going to help us factor our code better. If we factor our code better, it's going to be easier to maintain. It's easier to maintain. We're going to have more time to add features and we're going to have a good helping hand there to address some of that core feedback that we've gotten. All right, so we'll move on to our last topic which is some changes that are coming to styling. So you might ask why we're talking about styling. Isn't this a solve problem with web components? We have ShadowDom which helps us encapsulate styling, preventing styles leaking into or out of our elements. And we know that that encapsulation is intention with theming which is a more global concern. But we have an answer for that which is CSS custom properties natively available on all major browsers now. They naturally flow down through the ShadowDom boundary where we can use them in our custom elements if we want to. And let's sort of sketch this out a little bit so we understand it. So I didn't show this but here's a little custom property that we can set here in a content view that might have one of those simple input elements in it. And then that CSS that I didn't show in the simple input we might use a custom property like this where we say, okay, we're going to default that underlying color to navy but we'll make it setable in this case that it's going to be orange. And that's all we need to do to expose that color to be themeable to the outside world of our element. And that works great. And we also had in the styling here in the simple input a little bit of opacity and that was just the designer said that was there to make it look good. But then we might have a user that says like, oh, you know that opacity I want to be able to set that too. So now we actually have a little bit of a problem and that is because we could expose a property for the opacity but then the user might want to make the padding different or any of the other hundreds of properties in CSS. We have a scaling problem with custom properties like this. So there's something missing here and on the Polymer team we helped propose AdApply which a lot of you may be familiar with as an extension to custom properties. And we worked with Tab Atkins who is a CSS spec guru that works at Google and he told us he actually put whatever information you want as a custom property and here we're putting the opacity for the underline but we need a way to make that go at the spot in the custom element and that's where AdApply came in. If we changed our variable name to match here then all of those properties could be applied at this spot in the custom element and this would totally solve our scaling problem. So we see we have a pretty good story with styling with Shatterdown for Encapsulation and custom properties for theming but AdApply is a really important piece of that puzzle to solve that scaling problem. So I have some good news and a little bit of bad news and then some more good news. So first the good news. Although AdApply is not standard in any browsers today we have a shim in Polymer that's been around since Polymer 1 and carried forward to Polymer 2 and is used out of the box in all of those hybrid elements. Along with the sort of spirit of the modular design of Polymer 2 it's an opt-in feature that you can load with the apply shim. But now the bad news it's looking like AdApply is probably not going to make it into native implementation in browsers and the reasons are complicated. There's some issues with nesting there's some issues with how it integrates with what are called pseudo classes like colon focus, colon hover didn't really play nicely together and this is a link to Tab Atkins blog where he has all the gory details and a lot more information about that if you're interested. But back to some good news. Tab and crew in the CSS working group have a better alternative and that's part and theme. So why is it better? It's actually kind of how the platform itself accomplishes this type of theming as we'll see in a second. And it's also a revival of a previous proposal from a couple years ago but the issues with that earlier proposal have been addressed. So let's take a look at that really quickly. So this is a native input element and it has an attribute called placeholder which probably a lot of you are familiar with. It controls what's gonna be shown in the input if there's no value there. And when this was out of the platform of course users immediately said well I gotta style that I wanna style what that looks like. And the platform answer is what's called pseudo elements and they have this colon, colon syntax here and you can see it's sort of similar to ad apply you can specify a whole set of properties here and that's gonna customize how the placeholder looks in this case it'll be orange and centered. So that's how the platform does it with pseudo elements and a custom element with this new proposal would do it like this. Here's a slider element and it's shadow root I can expose these pseudo elements by specifying part attributes. So I make the slider have a track and thumb that's styleable, demable. And then users would be able to target these elements these pseudo elements like this with that same colon, colon syntax now with part and then the name of the part in parens. And so this kind of solves some of the same problems as ad apply so that's looking good. It works better with pseudo classes so that's great. But notice one issue which is we had to be able to target the slider element it had to be that element had to be in our shadow root in order to style its part. We can't do it from outside so it's not great for theming where theming is more of a global question. This is actually the fundamental problem with the earlier proposal for part. It didn't support this kind of composition. So the new proposal has an answer and that is forwarding. So here is kind of a crazy syntax that may change it's a little early still but using this fat arrow I can say users of my content view element here can style this slider's thumb by this new name here slider one thumb. And it's comma separated I could do the same thing for the track but we also have a catch all that's proposed here and that would expose all the parts with the prefix or suffix. And then from say that content view element was in some my app element I can target that exact slider's part there with a slider one thumb and it'll go and make that one blue. So that's actually pretty powerful. Looking good for theming. There's of course probably the more savvy of you are figuring that okay well that looks a little cumbersome I gotta forward all that information. And that's good that's explicit. That's probably what you wanna do most of the time but there's an answer for if maybe you can't do that all the time and that's colon theme colon colon theme. It avoids this need to be required to forward everything. So if we use colon colon theme then that part name will be targetable anywhere in the shadow root of the my app element even in shadow roots in elements inside of it. So how might we use this in our simple input example that we've kind of been going through? Well let's go back to the template and look at that div that we had here that was for that underlying animation that users wanted to apply that styling to that we used at apply for. We can just add a part and that's all you need to do. So that's actually looking pretty good and promising. So part and theme were proposed earlier this year at the CSS working group meeting. There's a lot of enthusiasm for it because again as I said it's kind of how the platform itself accomplishes this same goal. And tab is currently fleshing out this back. You can have input on it if you want. We're actually right now in the process of sort of thinking about what this means and when this is gonna come actually natively in the platform which we think is at least a year or two out and how we might make a shim for this in the meantime. And so then if we kind of zoom out again and go back to the feedback that we had at the beginning here, making elements faster, smaller, easier to maintain and add more features. We kind of think that if we make things sort of along the lines of that simple input using extension, adapting to the platform as we need, squint a little bit that we actually might have made a lot of progress towards that. So let me now go back to the sort of demo that I showed at the beginning here and this actually is not it. This is a new version that's sort of, we've been prototyping with some elements made sort of along the same lines as that simple input element. You can see that there's some missing stuff yet. It's not all there, but the old version was built with hybrid elements and it's actually a lot of code. It's bringing along all that Polymer One legacy API and it's more than 100K. The new version so far, again, not done, is just 6K. So that's actually a ton better and we're really happy with that. So there's still a ton of work to do, still early, but we're iterating pretty quickly and that's all I have. So thank you.


back to the Independent Investor Channel. This will serve as a closeout to 2022 for the coverage on highly on holdings. It's been a real roller coaster ride cover in the company. We will continue to cover the company, but as these full years come and they go, these are probably the most important videos that I put out in my cover of the company for you guys that are new to highly on holdings. I am a share owner in the company with probably just over about 20,000 aggregate shares, some long call contracts, as well as a base position of around 18,000 shares. I am actually establishing a new position of cash and monitoring the stock closely here as it's really sitting just south of the $3 mark. I feel like we are just dabbling along a severely disconnected bottoming of the company and based on this news here in 2022 closing and entering into 2023. I think it was the best quarter that I've covered on the company and for the summary in 2022, I think it's worth acknowledging that I've entered into quarters with zero expectations and not surprised at all by the lack of deliverance. So my bottom line up front for you guys with regard to the 2022 year-end call for closing out 2022 and closing out the quarter Q4 quarter, I was extremely impressed now this summary from some of the statistics that were put out there and pulsing the community. I think a lot of people thought that it was a muted quarter and a muted as expected quarter. I am not trying to be a stick in the mud and be disagreeable, but I do disagree with that. I do. I have a sheet of information here to talk about. I'm going to try in this summary to provide you as much of my insight as I possibly can because we are working with a severely disconnected stock from the company. I've touched on this for many, many months. The disconnect cannot be any more real than it is now. The company is being priced in the stock market as a liquidation company. Right now, market cap sits at around 550 to 600 million on any given day. We're sitting on orders of 210 slots that are ordered and backed by deposits, 210, as well as an additional 2,000 in writing reservations. You take and you qualify those just over 2,200. Let's just call them quasi orders, 210 of those we know are going to be filled by the end of this year and the remaining 2,000 reservations represents a total top line revenue potential of close to a billion dollars, 884 million to be exact. Now, if Hyliion realizes zero margin on any of those, we are talking about a massive revenue potential here, 210 of those orders we know is a foregone conclusion. 84 million of that is in the books. We know that. When we talk about a 2.1 million revenue going into close of 2022, which is an increase from 2021 going from no revenue booked to revenue booked in the last five quarters. You do have the first quarter dipping into Q4 of 2021. Then the subsequent four quarters of revenue generation for the companies being driven specifically by hybrid EX sales. Very impressive here when we're talking about a baseline in a company that's being priced for liquidation. You talk about one specific item, the elephant in the room. One of the questions in the Q&A in the latest webcast, the actual call itself, spoke about providing color on the 2024 aside from just having a crystal ball. We have more than just a crystal ball. We have reservations that have hit the books. Now, I'm not suggesting that those 2000 are going to materialize into orders. I'm not suggesting that. I figured actually where we would be if they realized, let's say half all the way through 2024, which puts the company in a significantly different position in what it's being provided credit for here as a company that's being priced at a $3 company being given no credit for future sales, zero. And we're in that market right now where good growth companies are being discounted, not being provided any type of future credit for projected sales and projected revenues. They're just not. It's a tough financial market right now. We can all agree to that. But we do know the statistics that do surround what it is that we're looking out with highly unholdings. And that is 210 orders backed by deposits and 2000 reservations. If you just kind of spec that out in revenue potential, we're talking about a potential for a billion dollar top end revenue if that gets fortified. Now, I expect that reservation backlog to grow. I expect that that order book to grow, right? So it becomes much more interesting on how much of that reservation order book they could fill in 2024. Is it 100? Is it 500? Is it half? Is it a thousand orders? Those are the things that we can start to wrap our mind around based on the information that we know on the potential for top end generating revenue potential for the company. Now, the things that I'm going to talk about here are those exciting things. And I don't mean to get you excited. You do your own due diligence. I have, I share my insights through to help people. And that's it, okay? My job is not to misconstrue you. It's not to get you hyped up on a company that you do or do not want to invest in or maybe does or does not fit into your portfolio, okay? Hylion represents right now one of the largest positions in my portfolio, which is working with around a half a million dollars of net worth here. And we're looking to potentially fortify that position going forward. As I'm monitoring the stock, if the stock continues to go down, I will look at those strategic injects closer to the $2 mark at as the base at 206 monitoring the company at here at $3. Do I think I'm going to have my opportunity? No. Do I believe that if I'm going to enter into more shares now, I'm going to have to pay up for it north of that basing mark of 206? Yes, I do. Do I think anything less than $3 a share for this company with the revenue projections that I just outlined for you is an absolute bargain? Yeah, I believe that the companies right now is trading for free. It's trading for free. You're buying the shares free. It's a token amount. Buy 100 shares of the company at $300. It's a gift.  So that's really the comparing contrast in what we know in relation to the current stock price here in March of 2023 here. And we'll reflect back on this time and we'll laugh ourselves right off of the chair because I look at it like right now we are in a position to capitalize on an opportunity that doesn't come along very often. Now let's get into some of these points here because this call was rich with information. On a scale of 0 to 10, I give Hylianna 4 in this category. They still have prospects and material hurdles in front of them with regard to their margin compression that they will have to succumb to. John Panzer talked about this and then the ability to expand upon those margins based on what is going to be anticipated as a growing demand over their product and affordification of their reservation and order book going forward. So a lot of things have to fall in line there. I'm not going to award a company anything over a five for expectations here but I think the four is accurate in representing the fact that this company is brand new. It's new and it's showing marked progress toward an end here. And a lot of that color was introduced on the webcast that was just released by Hylianna. The first thing I want to talk about is that Thomas Healy talked about scaling the solutions to commercial quicker and doing so based on the fortification of the relationships, especially with Peter Bilt and Cummins that was realized in 2022. I talked about this company being one of those companies that would surprise based on Catalyst in 2022, these relationships being fortified with Cummins assisting with and basically collaborating with Hylianna in 2022. That was information we did not have prior to 2022 and now we do have. Thomas Healy spoke about that as a key generating factor in going to commercialization quicker and with fewer barriers to entry to that commercialization end. I thought that was one of the big takeaways that I think you're going to find in this video guys as you stay with me and most people who are interested and they watch this video all the way through, you're going to find that I picked out and I've listened to the webcast not once but twice and I encourage you to do there because you're going to hear some of the things that maybe you did not pick up on the first time you listened to and I'm going to help you highlight some of the things that really stuck out to me. Those relationships with those major players like Cummins are key when we're talking about a company comparatively speaking that in the eyes of the marketplace trading south of $3 is being discounted to the extent of potential liquidation and I just think that to put a focus on that very disconnect can be very very profitable for a lot of people out there. Thomas Healy talked about the mandates the slide in the PowerPoint that was reviewed. I'm releasing a separate video on that to highlight the PowerPoint and the ACT ACF mandates as well. Thomas Healy in multiple times during the call talked about the eligibility to qualify along their entire suite of product portfolio. This is huge. When we're talking about an ERX product that is powered by CNG RNG, we're talking about a Carnot ERX and we're talking about a hydrogen fuel cell ERX, which we got solidification on the latter two in 2022. Guys, this is huge. If you guys had questions about what an agnostic ERX would look like prior to 2022, we got that answer in 2022. If you had questions about whether or not Healy on was going to develop their hydrogen fuel cell solution in house prior to 2022, we just recently received those two answers on the latter 66% of Healy on's ERX product portfolio. This is why I'm so excited about this quarter. I would give it a 10 out of 10 if the company was actually generating revenue based on the excitement that I have around these products that have yet to garner one single penny of revenue for the company. We will continue to evolve and we'll continue to cover what I feel like is very exciting, but with regard to the mandates, Thomas Healy talked about the specific eligibility to each of those credits and doubled down on the prospects of the company to be eligible for all of the mandates that are available and all of the incentives and rebates that are eligible to the fleets and to the OEMs through each of these mandates. A key takeaway for me during this call is plug-in dead. It's a bold statement. It's one that I have my personal opinion on. I would expect that you would generate your own opinion on whether or not you think that the future is all Tesla and it is all based around a plug-in future of having dead semi-trucks on the side of the road causing supply chain issues and reliability issues in an industry that for the last 100 years has been a very durable and very reliable industry in providing some certainty that our goods will end up from point A to point B in some sort of predictable fashion. BEV is failing on this front. It was discussed twice in the call. Fleets are struggling and that's a quote from Thomas Healy in the feedback that he's getting as well as a key executive in one of the companies that has recently brought on some BEV products and basically stating that as long as he's at the helm at the company, the company will never engage in the BEV opportunity again. That is a bold statement. It's one that I look at the landscape and it's very, very easy for me to discern. I know there's people out there that are just all hail Tesla at all costs. I think BEV will have its place, but it's not going to have its place in the Class 8 space and dare I might suggest that they might just be creating such a scar that they're going to have hard times integrating in the Class 5 to 7 space if they keep this up. Because I think they rushed to market. I think it is politically driven of an opportunity. I think realistically when you talk about the size of the batteries necessary to haul goods, number one and the reliance of being dependent on a grid to provide that power, it becomes economically challenging. It becomes realistically challenging and it creates hurdles to entry for the cost of some of these BEV rigs that companies are declaring now that, yes, we are struggling and we will not be going with the BEV route, not until the technology can improve. It is expected to improve, but as of now with these mandates that are looming, companies are coming back and they're struggling to identify with the BEV opportunity and how they can truly provide bottom line augmentation to keeping their customers happy in a reliable fashion by taking on the risk of moving to a BEV future right now. I think that was a key takeaway from the call and dare I suggest plug in is dead. It is dead until proven otherwise. I will continue to invest and put my money and my investing bullish thesis on this particular niche, micro niche in the industrial space in range extender vehicles. Hydrogen, which was doubled down multiple times on the call as being kind of a wave of the future as technology improves and who is going to win out over time. Hydrogen, plug in, range extender, natural gas, low emissions type of profile vehicles for certain applications and then no tailpipe solutions in BEV and hydrogen fuel cell solutions that are out there. Learnings in the expanded treat trials, excuse me, the learnings that have gone on both in summer testing and winter testing were discussed during the call and they will be integrated in this new expanded fleet trials, which is the next milestone in the progression of the company, which I thought was really, really interesting in that they have discussed the winter trials and the summer trials as being very productive. Thomas Healy talked about the learnings that have been paired off of those fleet, those trials, the winter and summer trials, but nothing that is concerning enough to potentially shift the target date for commercialization to the right. So all on track, good to go, but I felt like there was some really good learnings that weren't really discussed. There was a few broad topics that were thrown out there, but just to know that those learnings will roll into the newest iteration of the expanded fleet trial iterations of the ERX once those are ready to go. Certification is on track, this is huge. This is the second to the last milestone. There are three left and the next two are check boxes as far as finalization of those and then the last is just a rollout commercialization. So Thomas Healy talked about his satisfaction with progressing along that checklist or road map toward commercialization from Q4 of 2021, which goes back five quarters ago on when that initial rollout was presented to the shareholder community as well as the investor community on subsequent calls and doubled down on the progress that's being made as being on track toward that commercialization and certification goal. I think that's going to be a huge milestone for all I can tell based on the last performance of the company over the last, let's say 24 months. They'll earn certification. The stock will go down to a dollar. Who knows? I mean, I just kind of say that tongue-in-cheek because this company has provided, at least the stock has provided very little to no energy as far as its ability to actually see the value that I see in the company and that's totally fine. It's given, excuse me, people an opportunity to step into the stock at a very, very discounted time. And as long as those are prolonged, I'll continue to buy the stock. And like I've always said, they'll create a neon green monster out of me. It's no problem. If they want to make me a millionaire, that's totally fine. These analysts who come on during the Q&A and they continue to work with arbitrary price targets that are arbitrarily low from where the true value is in the company. I mean, look at the disconnect between where Heizen is and their price targets at around $5 to $7 trading it, $1.27 a share, highly on trading at $3 a share with being at price targets right on par with where they are now. These are supposed to be price targets that are 6 to 12 months out and highly on still is continuing to enjoy reduced price targets by these analysts who seem to be frothing at the mouth to ask all these questions about the potential of the company marching toward material opportunity for margin expansion as well as the opportunity to realize an $884 million top-end revenue mark with the current. And I might add the current reservations and orders on the books right now. Right now, that's assuming that when that $884 million is realized down the line, that they will garner zero continued reservations and zero continued orders back by reservations from now until then. So I fail to see the rationale behind the low arbitrary price points except for the fact that institutions are at a record high ownership of this company and retail investors are at a record low of ownership because the company has been segwayed off and it's been parlayed and those shares have been picked up and absorbed by the large institutions. I invest more in line with the institutions than I do with retail investors and that will continue for the remainder of my life. That's no problem.  So do you want to continue to lose or do you want to continue to get on board with this idea that's actually going to turn into a progress of material investing that is much more aligned with a long-term vision and less aligned with I need to see performance in six months or I'm out or I need to see performance in a month or I'm out or the stock price has to hit X amount or I'm out.  This is fundamental evaluation on a company specifically where a lot of people are investing on technicals in the market right now. The S&P has to come below 4,000 or 3975 to invest and therefore it can be bought. I don't play that game. I don't. I've seen some people attempt to do technicals on highly on. I think technicals are only applicable when you have quantifiable metrics on a company that are not only forecastable but also articulatable based on past performance right now. It's anybody's guess on where this company goes and I'm trying to put some swim lanes around what we know of the company to drive a fundamental thesis on what we know and what we can potentially align as far as where this company could potentially go into the future given a very, very wide swim lane right okay. I'm expected to grow the order book that came directly from the CEO okay so the figures that I talked about here mind you a 25% realized margin on the revenue that I talked about as a potential billion dollar revenue sits at about you know 250 million on a billion dollars of sales less than that 221 million. You can see how some of these numbers can increase very, very quickly and that's why a company that basically has a material revenue now is sitting in a position to really stare down the billion dollar top end revenue and they can get there fairly easily okay. Really just a few thousand orders can really change the trajectory of the company and what they have a realistic opportunity to achieve and you might say well that's unrealistic to say that they're going to achieve that yeah I don't know when they talked about a key milestone of the company and I'm going to talk about it with regard to let's see if I can find it here in my notes the first belt spec spec line off of the Peter Belt line for Hylian are you kidding me first I've heard of it nobody's talking about it nobody's talking about that a key milestone and something that they were internally excited about I don't know if Thomas Healy slipped I don't know but I've heard it twice now on the two times I've caught the webcast but Peter built first built spec line off of the OEM line devoted for Hylian you want to tell me that they can't meet sales now they can't meet a few thousand units sold per year which puts them into the billion dollar of top end revenue sales category you start to talk about whether or not they can actually do you know 2,500 5,000 10,000 orders as originally projected in the 2020 investor presentation one that I'm very very scrutinizing on however allow a small amount of light to be shed on the fact that it is possible it is possible I think it was premature in releasing that information yes to generate hype around the company but the scarier question to ask yourself is could Hylian set themselves up in their integration with the OEM not only Peter built but their relationship with Freightliner as well to generate I don't know 2,500 units a year is that is that impossible to project when right now we're sitting on about 2,500 give or take 2,210 orders to be specific of of of of income generating potential for the company 210 guaranteed 2,000 that have been earmarked for potential conversion to orders we're looking at a billion dollars right now right now one billion of top end revenue generating sales where does that put the company in way of valuation guys it's not a three dollar stock it's a $50 stock at that point 50 that's the way stock market investing works hate to remind you of that but there's a few people in the retail investor community that think that they can apply an elementary mentality to this game and expect to win using elementary application if you want elementary application go to the Yahoo thread the cesspool of all things Hylian and and short dialogue and criticism over a company that I feel like right now is the calm before the storm and we'll have the last laugh for sure I'll be laughing my ass off all the way to the bank and it'll be fun to reflect on how that elementary application worked out for some of those people okay expected to grow the order book fleets want certification before orders I found this to be a key Thomas Healy talked about the resistance of fleets to commit to orders now prior to certification it's something I've talked about on my videos in in in past and I know there's people who listen to every word I say and they should they should it could be very very profitable for them it could be I don't know the company could go out of business and then I can shut down the highly on project and continue on with my life talking about fundamental investing this just so happens to be a micro niche on a much grander investing thesis that I have here about wealth building okay Thomas Healy alluded to the dialogue that he's getting from fleets that are very interested in the highly on product but want to see that final iteration excuse me and certification come through for the company before they'll commit to orders I found this to be extremely bullish extremely bullish to understand that there are other interested parties out there very big demand okay that also has in consequently been prompted by this Bev debacle that has come as of late and has provided more interest in the highly on solution this also was projected this isn't my conjecture this was said during the call guys you got to pay attention to this stuff if you're going to pick up what it is that you need to pick up to understand and either fortify your investing thesis going forward or discredit your investing thesis to which that you want to go ahead and surrender your investment in the company these are the hard decisions you have to make an investing this is the big leagues okay there's no minor league stock market this is the big leagues all right these are the things that you have to pay attention to but when I heard that I picked up on it the first time I was like right on I know that there's interest going on behind the scenes and I know that we will find and and really realize those sales down the line when Thomas Healy talks about the expectation to fortify the existing reservation and order backlog okay something that I've projected throughout the course of covering the company the white glove service clarity I thought this was huge I had something different in my mind this is just an agreement with the original 200 that are rolled out DSV will be part of it okay they just so happened to conveniently work and be working out of the Dallas area so without saying that DSV yes will officially be part of the white glove service in one way or another he said that they will absolutely be participating with highly on and and that came through the clarity on the white glove program to be more monitoring of the units and and allowing more eyes on the product on those first 200 understanding that they are super important to make sure that the rollout is as efficient and as seamless as possible on that rollout whereas otherwise when a fleet buys a product that they wouldn't expect that that monitoring agreement exists in other words highly auto have more of an opportunity to engage while the unit is actually in the rigor of Class 8 service in the expectation that not only will they be of course and Thomas Healy said this monitoring the the progress of the units through their 24 7 cloud computing progress which is a revenue generating opportunity down the line but the white glove service in its essence and in its core and I didn't understand this before the call and now I do is basically that over monitoring and that agreement with the fleets to understand that if they do have a problem that they will be right there and receptive to that and the opportunity to take that data off those original 200 and incorporate those learnings into future iterations is the key. Okay so think of it as more of a scrutinizing opportunity for both the fleets that take receipt of these products and an opportunity for Healy on to really get in there and understand how those original 200 are performing in the rigor by doing so with more of a monitoring scrutiny over those original 200 I think it's really really smart and initially I was like this is Class 8 trucking it's dirty why the hell do we need a white glove service? Thomas Healy elegantly put this out there in explaining what this actually means for ramping up to those initial orders yes but making sure that that core nucleus of 200 is really over scrutinized for the opportunity to not only potentially anticipate problems but to deal with problems as they as they come up whether it be small or large and to have that agreement beforehand that Healy on will be right there to make sure that those those opportunities are are are are taken advantage of and learned from okay the white glove so the key the biggest key takeaway for me is this and aside from the highs highs on collaboration but I've yet to hear people talk about this online and I'm going to talk about it now in a recent call with ACT with regard to the mandates and rollouts exemptions will not be granted this was the biggest takeaway something that Thomas Healy talked about as a big win for highly on I totally agree I've seen rollouts of major systems in the government and this is a normal posture of the government to say look the only way that we can exempt something from being applied for good reason against the merits of which I understand to be cleaner sustainability within the class 8 fleet the only way that those exemptions are going to be granted it is if there is no availability of product on the marketplace that meets the minimum performance standards in accordance with the initiative of the mandate itself okay let me clarify if there are no products available the industry is going to come back and say to hell with the environment we need to run product we're going to run so on diesel because there are no products available in the marketplace to integrate into our fleet therefore we're you know playing this catch 22 type of game to say look until the industry can provide us a solution we're asking for an extension to the mandate deadlines to continue to run diesel and not be penalized to do so ACT has clarified and said that there will be no such exemptions or extensions granted to the fleets and this is in line with everything that I've seen over my last 20 years in my current line of work and expertise on how the government deals with rollouts and big incentive change outs of major systems and machinery that do not have product availability or they do have product availability in either growing a hard line and saying you have to switch and thomas healy used this term in that they are going to be forced to to to augment these new solutions in the minimum percentages that are released and I thought that this was the one of the biggest key takeaways and I really anticipated the stock to increase in value after this call the fact that it didn't just shows the amount of negative sentiment surrounding the stock currently it's totally fine nothing new in my wheelhouse I think it's stupid I think the fact that the stock didn't drop 25% after earnings was a positive in and of itself I think with the amount of positive news in this I think the stock market's getting the stock wrong and again I'll continue to profit from it no problem I'll calmly be accumulating shares in the company at these anemic rates because basically I'm buying shares in a company free of charge and I just would say thank you very much I'll continue to buy like I said they'll create a monster out of me it's no big deal exemptions will not be offered one of the biggest takeaways there regional application for hydrogen this was also a big one that I don't hear a lot of people talking about with regard to the collaboration with hyzon and discussing the few regional opportunities with hydrogen especially in the los angeles area where they do have infrastructure there now when I've said throughout the history of covering highly on and and my negative sentiment around nicola with regard to the lack of hydrogen infrastructure that's very real that does not go away there's some discussions about nicola going bankrupt now I'm not in that camp but they have bet on a horse that the industry cannot visibly adopt now even though they may have been premature to the game thomas healy talked on multiple occasions that they still believe and have a bullish thesis on hydrogen being a big part of the future fuel in transportation okay he doubled down on it multiple times my question has always been what is the fuel cell iteration of the hypertrecchi arcs going to look like we got that answer just a couple of days ago where we did not have that answer before they've been very very tight lipped there was no discussion about collaborating with hyzon but when he talked about the regional application I think a lot of people missed the correlation between thomas healy up to this point has always suggested that long-haul trucking in the class 8 space has always been the focus of highly on did they not shift that a little bit in looking at the potential to dive into a 5 to 7 class 8 mark class market in regional application there was an an an elusive comment that was made by thomas healy as part far as the regional rollout of hydrogen availability and where hydrogen can absolutely work being such a new technology in regional application I think there's a difference between just saying okay nicola is saying we're going to dominate the class 8 space with hydrogen I don't think we're at that place now I think that highly on is well positioned to benefit from the over the road ultra long type of routes cross country but as far as the regional application in fuel availability for hydrogen fuel cell does that not just by nature of fuel availability bound bind them to regional application to start right this is where hyzon and collaboration with highly on really shines in that hyzon has customers it was alluded to in the call and highly on will be asked to go and pitch this iteration of this hydrogen fuel cell erx with the peter built chassis to those existing clients where hyzon was not able to do that before collaboration makes total sense it's the real bullish kind of top of the iceberg for this call and one that did receive some scrutiny in way of teaming up with a company that has been beat down with the market guys there's been no company out there that hasn't been beat down with the market the only company right now that people want to invest in and the statistics show that retail investors like the retards that they are are pouring into tesla in a fashion that has never been seen in the history of tesla and the stock with regard to the inflows into the company doubling off of its $100 mark now over $200 increasing by 100% people are flooding into the company right now and no other company is receiving any type of favor in the in the stock market right now hyzon's no different now hyzon has received the scrutiny justifiably so with regard to their inability to to properly account for some of the financials and some of those deficiencies in their sec filing requirements okay so the scrutiny is very very real but that doesn't mean that the technology has somehow suffered from their inability to maintain their opportunity or their requirements with the sec it doesn't mean that tomas haley earmarked them as a leader in hydrogen fuel cell and my friends over the last two years they are and they are an international player unlike highly on i just think that this collaboration fell on deaf ears i'm not surprised that it did but one that i would like to express my bullish thesis around and i'm super super happy i've always thought that at least the over the last six months highly on needed to shake things up and this is exactly what they did by acquiring carno and collaborating with and fortifying their opportunity to break into the hydrogen fuel market it puts them on a direct competition with the only player in the space aside from highly on and hyzon which is nicola and i feel like that strategic positioning cannot be understated and i think to come up with any other thesis other than maybe neutrality based on the sec submission deficiencies of hyzon can look at this as really a bullish type of positioning type of move for highly on one that they stand to benefit from significantly more than then detract from their current business model so i was i was extremely excited to hear the news and and that's just my twist on it okay the r&d spending in 80 was 81 million john pancer expressed this an increase from 58 million that was specifically around the high erx commercialization efforts those r&d efforts should actually increase here with the new initiatives surrounding r&d for carno and the r&d that is going to be committed to the hyzon project this is one bearish thing that i was kind of like you know do they really have all this money to be spending on these initiatives well if it fits into their product portfolio of offering an erx with a hydrogen fuel cell is it not worth that those r&d dollars to go toward that initiative i would argue yes but it is so an increase in r&d spending john pancer talked about the 2023 spend being close to just shy of 200 million that will be based on an unknown for the interest that they will receive and the sales that they will receive an house in building out their sales book as well as the austin texas build out in their facility which is very very necessary something that was discussed a couple of years ago and has really been put on on hold if you picked up on that in the call they are re fortifying their efforts in that build out of the austin facility to be more capable of their research and development their engineering specifications and the good work that goes on at the austin headquarters there for highly on holdings one thing that i took away from and now that we know hyzon is the hydrogen fuel cell technology collaborator going forward that there are less regulatory hooks so question during the q&a was is this going to affect the roadmap for the current erx projection timelines for commercialization thomas healy said no and to expect that an iteration of that hydrogen fuel cell will be available later this year and its path to commercialization is going to endure less rigor than the c and g r and g model because it's zero tailpipe emissions and before this call i could not deem highly on even having the potential to deem themself a zero tailpipe emission company now i can now i can every single dollar that's been fortified in this investment now has just been fortified even further because even a small amount of tailpipe emissions has to be dubbed that and now they can boast that they provide a total holistic product portfolio that can exist for those applications that yes have small tailpipe emissions through fossil fuel application c and g r and g etc with the net negative solutions especially with r and g that is absolutely very attractive as well as the no tailpipe emissions here all flying the flag of of highly on i think it's a win-win across the opportunity okay um they've been challenged on their ability to be a true contender in the hydrogen space that now has been answered this was doubled down on thomas healy when fleets have come back and said how is highly on going to position themselves to be available to fleets if we do make this commitment on the r and g side be available to segue into a hydrogen fuel cell future and i think that's why the collaboration with hyzon makes so much sense right now in that it does position them to answer those questions and say look all of these things are in the works they would not commit to a date on when that was going to be available for showcasing however it's reasonable to believe that within the next couple of years they will have that product and have all of the barriers to entry as far as oem integration complete and dare i suggest that the hydrogen model of the erx may even be significantly easier to roll out to commercialization from the learnings that they've received during this process of certification through the r and g c and g version of the hyper truck erx okay john pancer talked about the potential for negative margins they're going to lose money on these first 210 orders i could care less we're talking about a disparity between what they're going to make on the onset and what they're going to potentially garner in the future investing in highly on at this point gives the most risk reward type of profile and understanding that we're setting up for future revenue potential here based on what we know but he said that that would be a number one priority as opposed in conjunction with offering a commercially viable product that that the margin expansion was going to be the top priority in realizing that margin expansion within their business for each unit sold and said that right now it's just economically impossible to do so with the low volume higher cost of parts that need to go into these first iterations higher costs that they had to endure over the last even couple of years to procure the necessary parts to ensure that these 210 could be turned off successfully and i and so i think there's indirect benefit from incurring those high cost and taking the margin the margin compression hit now with the opportunity that they'll have by pushing those products out now and having those products available to the marketplace i think this 210 that they have doubled down on and insured shareholders would absolutely be there and be delivered on time is a real win for highly on and it really speaks to the conviction of the company to make sure that they could realize on those orders even though bringing those to the marketplace has cost more than we would have liked if they were part of a much larger type of batch order and or fitted with components that will be earmarked for margin expansion because the idea is that each and every component that goes into the erx can be bought in batch and saving on those components that go in there will only lend itself to margin expansion down the line i thought that was a key takeaway from john um what else do we got fleets are planning more attention on highly on that's based on the bev debacle here as of late which has really come to really come into focus over the last couple months with the tesla product being introduced and and just having all kinds of problems with regard to the range that they're getting out of this it's anemic and almost stupid i am a very logical observer and if there were credit to be had there i would give credit i think it's been nothing short of a disaster to be honest with you which this disaster where there has been focus on electrifying the fleets from a bev perspective a lot of those barriers to entry have only contributed to the renewed focus on highly on and thomas healy talked about this during the call in that now where they might not have garnered uh said success based on fleets focus on bev um they're starting to abandon in some unique cases the the bev altogether um which is uh creating a shift in focus to highly on and what they bring to the table with regard to their product portfolio okay uh john pancer talked about no plans to raise capital um in the near term i think with 420 and liquid assets on the books i think that's a fair statement i think we do have a capital raise at some point in our future i think we're premature of that and i think john's answer spoke to that i think once we get a little bit of strength in the stock eight to ten dollars eight to twelve dollars um ten to fifteen dollar range i think will be an optimal time for highly on to make that first big capital raise and i would like to see the hook there in opportunity in expanding globally because everything that has been discussed right now is in the acute talking about penetration and rollout in the domestic market but remember hyzon is an international player already okay so it begs that question of what this collaboration could mean for highly on to expand globally sooner than later okay and i think some of those capital raise discussions will absolutely take place within the next 12 months i don't think we're going to be looking at a capital raise from 12 to 24 months down the line um if i'm wrong on that no problem but it certainly does beg this idea that we're in kind of a kind of an interesting phase and transition uh from the company you know burning down spack dollars to get them to and fortify this position to step into uh commercialization phase in a healthy manner uh and then to assist with those uh commercial efforts down the line now remember that highly on does enjoy a capital lean business model in that how much expansion needs to happen would they build a new facility would they build a an international facility to to potentially work international footprint continuing to expand their team of experts uh and engineers is obviously going to carry with it more capex and op-ex which it would be expected to grow uh north of their 130 million dollar projection right now per year that will grow with the company right so so to solidify that and take advantage of a healthy position in the stock market and a healthy valuation which at that point would probably put them you know closer to the 850 billion dollar valuation mark is probably in order um but something that john pancer did not speak about here just outside of suggesting that the current capital on the books um totally funded through 2023 which is a non-effort spending just south of 200 million for the year um which is the highest spend year ever but we have some initiatives in the early stages that we need to see some some real progress toward he talked about the 3d printing machines to be purchased which i think is probably in conjunction with the expansion of the austin facility to start along that hundred million dollar infusion into the carno project and to get that carno project to a position where they're mass producing the carno these are some interesting initiatives that are a lot of years down the line but you're not going to be given a three dollar stock price once these things start to come into fruition guys okay you're being given a gift right now and dare I suggest the three dollar stock price right now is in it's it's laughable you're getting the company for free and things in life that are free that are this high of quality are very very rare in this life so thought I would push that out there okay so no plans to raise peter built being the first built spec line for highly on this has not been talked about it was not talked about in the discord group the most I could tell and I found that this was a big oversight and one that I wanted to shed light on in one of those things that thomas healy said was a huge milestone for the company internally and it came out on the call nobody talked about it nobody's discussed it after the fact I'm here to highlight that that was a big freaking deal if they're going to realize orders in the amounts of hundreds at a time and dare I suggest thousands and dare I dare I dare I suggest tens of thousands of orders which puts the stock north of a hundred a hundred and a half to two hundred dollars a share okay they're able to realize on what we know now we're talking about a twenty five to fifty dollar stock okay with the eight hundred and eighty four million dollars of of revenue projected now based on what we know guys we know it it's there the data is there it's how you choose to interpret the information and some may suggest that I'm conveniently interpreting the information fair enough but the information that the twenty two hundred and ten let's call them orders slash reservations that's a fact that that's not conjecture that is a fact now if I'm going to say that the company will have by twenty twenty five ten thousand orders that's conjecture that's dialogue that I try to refrain from and frame is conjecture but is it not safe to suggest that highly on is not going to improve upon their order book and reservation that their order book and reservation back order log going forward I'm not I'm not in that camp and as an investor in any company you have to be able to look at the forward potential of a total addressable market of one trillion dollars one trillion dollars we're not offering extensions we're looking at very few companies that offer zero tailpipe emissions highly on is one of those now with its collaboration and we'll have a viable product in that in that round and by the end of this year in a few short months we will have a highly on hyper truck erx that is capable of driving net negative carbon emissions with the with the use of rng very exciting times here and the eight hundred eighty four is presuming that they garner zero in all fairness to the critics of me and my message and my bullish thesis around the company I'm being fair in just saying okay I acknowledge that they won't garner any more orders the remainder of twenty twenty three which by the nature of what I've just covered in this call is physically impossible they can't do that and I'm offering it as a zero potential if they garner no more orders or reservations going forward they should be able to get close to that billion dollars of revenue whether or not it's realized over the next coming years whether it not it takes two to five years to realize some of those reservations and roll those off the reservation and tournament orders is it's it's it's irrelevant at this point the fact is that they have them on the books which speaks to the interest over the product and the prospects of the company going forward all right the last thing that I'll mention I'm not going to mention the collaboration with hyzon we touched about that that really being the governing takeaway from this call but something that I picked up on that thomas healy talked about and he hesitated before he said it he said fleets will be forced to comply and I think this comes back to one of my major takeaways from this call in understanding that we will not be wagging this proposal I believed that this has sticking power and it was reaffirmed based on that comment that there will be no extensions granted to fleets that are running currently boom diesel as we speak and as I'm filming this video we're burning diesel but in in in accordance with a cleaner sustainability goals of both the act and the acf mandates that are coming through the incentives that are being put out there to the fleets to to not to not become bad if with this but to collaborate with and to be accepted of and to allow the augmentation to happen of the fleets I think this is that this is key and when you step back and you draw a rhetorical question of where highly on will be in this guys there's no better company positioned for the augmentation of fleets in accordance with the current mandates than highly on holdings limited right now highly on is the number one player in the space with a total addressable market of over one trillion dollars currently trading on the new york stock exchange at an anemic three dollars you're getting the stock for free and it is absolutely is a pleasure of mine to present this information in the way that I have qualified in this video there's been no more important video than this 2022 closure video and as we continue to cover this company I would expect that an evolution in the story takes place in that I have always stated that the real bullish thesis in highly on exists in the unknown rather than the known and 2022 was no short of delivering on the unknowns that we were not privy to in 2021 that we are now privy to in closing down 2022 guys if you appreciate the content coming through the channel I'd invite you to subscribe to the independent ambassador channel it's one of the most badass channels on youtube I don't def around it's pretty cool I speak common place to people and that's what people resonate with these are my opinions I would invite you to go to highly on dot com draw your own distinction about the company that is the beauty of social media in coming to a consensus on not conjecture rather what we know about a company and identifying those disconnects in the market that we have going on right now this is the calm before the storm and I would invite you my friends to look at these because these opportunities do not come very often and I believe that this is an opportunity in the making one that cannot be overlooked and the one that we continually need to cover on the independent investor channel leave your comments at the bottom hit the notification bell you will be notified of future videos that I put online on youtube guys thank you so much for tuning in for the totality of this closing down of 2022 q4 conference call for highly on holdings appreciate you guys tuning in and good luck in your investment future