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According to the 10-k they aren't. You can't issue 320 million shares and not see the stock price tank. At this point they don't have anything left. Maybe another R/S would have to be a 100 to 1. But then they would need rev's to do keep it a float. Only way they can raise cash is a convertible note. I haven't seen the company officer dump their own cash into this thing have you?
It's a total crap shoot to be honest. I stopped even thinking about after the last R/S. Problem is the company has crap from revenues and way too much debt. Only way it can stay afloat is by selling stock. You might be able to make a quick get away on a price swing. I actually think the company is worth more as a OTCBB shell then with its current assets
The folks buying this stock with the current 10-k need to be institutionalized.
They have no revenue to keep anything going and keep issuing convert notes to get cash and keep selling shares to pay the notes. Looks like SATCO and TERRA are busts. Appears that every decision they've made since SATCO has been a disaster. I don't anything coming in from Chanwest either.
Interesting IR information
Stephen Taylor
Taylor Capital, Inc.
Investor Relations
104 N Munn Ave
Newark, NJ, 07106
973-351-3868
www.TheStockAlerts.com
info@TheStockAlerts.com
also
Disclosure:, Taylor Capitol, Inc.'s President is the founder of THESTOCKALERTS.COM and co-founder of Emerging Equities, LLC.
and he also provides Major Market News RSS feed coverage on the PennyMover.com web site.
So if you start see the HYPF news start appearing its a paid promotion
What I'd like to know is how Bender is going to do this so called buy-back. It's an old scam in the pinksheet market.The company has no verifiable revenue. I guess he can just declare he has millions of revenue by selling his phantom product to abother phantom indian company called TRIVEST. Then post his office 2003 word doc filing and declare victory... But this a pinksheet so CAVEAT EMPTOR!!
There's nothing to this stock. It's basically a shell with no assets and a really high price. Eventually its going to crash. Kinda like Pure Water the other Bender gem. Luckily he's a non reporting pinksheet that can basically do whatever he wants.
You really can't say its a fully filing company when its not
Lets not forget that unlike most Pinkies Bender has ALLWAYS filed his reports in a timely manner Sorry He doesn't file with SEC and it should not be suggested that it is.
HYPF does not file with SEC
Please don't say this company is compliant with any Securities and Exchange Commission regs.
The 5 million dollar for which company? This is what I love about this board. Everybody seems to spout the party line but doesn't actually offer any real verifiable facts about the company. I love the bottom line part. It's a word doc that bender puts together and issues out. It's not an audited statement.
Who cares?? You can't even tell me who they who sold anything to? And that's their success?? Look if they actually sold something to anyone I'd be posting it as a success. problem is they haven't sold anything to anyone as far as I can tell. The TRIVEST corporation doesn't exist after making some calls.
and which companies bought the hydropak? Please don't say trivest
The US government gave 2 million dollars to put tv cameras in a school lunch room to see what kids are eating for school lunch. You can get a 100k as a personal grant. It's pretty much pocket change
HYPF has never proved they have a product that anyone can buy. Their website has nothing but some fluffy descriptions. Only time they ever sold anything was to TRIVEST an Indian corporation that doesn't seem to exist. Call me skeptical but until they are a lot more transparent this outfit is about as legit as any other pink sheet. Besides a MOU with a nameless company with a valuation done by a nameless guy?? I have a bridge in Brooklyn I'd like to sell to you.
You might want to read the PR
The business valuation was done be an independent Chartered Financial Analyst who has spent years performing valuations for some major investment banks."
Guess he worked at a big bank, of course they don't list what they were.
As for how they are going to pay for this???? Let's see they have no reported audited fins. so no bank in their right might is going to loan them any thing. That leaves shares from a pink sheet good luck with that..
I've been tracking this thing since 2006. Had some interactions with a few folks and basically been watching this pink sheet opera for a while. Only thing going for it is its artificially high stock price.
Oh brother now they are going to buy a company that they won't identify that has a valuation of 100 million dollars . This was was done by a guy who is nameless that used to work for a big bank. Now HYPF doesn't have any audited financials and much less anything else and somebody is going sell them the company for a bunch of pink sheet shares. How stupid they think people are?
At this point I honestly don't know how much worse it can get other than another R/S and a ton of selling shares. It's pretty apparent the current controlling company officers don't really care about the investors. They are protected with preferred shares. They really don't have much in the way of revenue. Most of the acquisitions seem to be back room deals where the companies are worthless. The IR guy is a joke. The PR's are worthless fluff. Even then they seem to really skate the SEC line on what is acceptable. I think most folks have pretty much considered the stock to be worthless at this point. There is no point investing anymore since the principals could care less about you. I keep any eye on the board wondering if I can sell my 300 shares for for $10. Most likely after the next R/S it will be 3 shares worth about 3 cents.
Best be an audited financial statement done by an accounting firm or its meaningless.
I've held this stock since 2004. I made some money back in the early days. Steve Taylor used to be a pretty decent guy just caught alot of bad breaks, But now it appears he's been been sidelined and not really running the company anymore. Now the 10-k/8-k's are sloppy and hardly reflective of what the PR's are saying. Other than this is a OTCBB stock there isn't much else going on.
I will be impressed if he actually files a real audited report(done by a real audit firm). I doubt it though. Based on his past crap it's not best interest to actual provide anything that he can be held accountable.
Unaudited Financials, Fake sales in the past(the India Times article), No products to buy on site, Testimonials from garbage companies that were 10+ years ago(for products they don't have), Doug non-existent experience in this field. The Missing Middle Tennessee professor, still missing demo video's, Pie in the sky Pr's, Pure Water(Doug's old company)and this is a pink sheet that does not have any financial controls. I can go on but the thing with pink sheets its the bottom of pile for SEC they hardly ever investigate at this level. Heck they barely do much with blue chips. So most "companies" on the pinks can do and say what they want with little fear. Plus they always put the disclaimer in saying this could change..As for his financial statements they aren't audited so they aren't official, it gives them wiggle room to say "oops I made a mistake"..
HyPower Fuel Announces Zero Revenue Projection Indicators.
Good Grief they post a PR offering that says nothing. 50% revenue growth of Zero revenue is still Zero $$$$$. Please don't start spilling they post their financial. They aren't audited and its a pink sheet. They can just pretty much make up what they want. They don't even have a product you can buy on their website.
As of April 23, 2011, the registrant had 955,914,146 shares of its $0.001 par value common stock issued and outstanding. There are no shares of Series A, B preferred stock issued and outstanding, and 14,286 shares of its Series C preferred stock issued and outstanding at $0.001 par value for each of the Series of Preferred, and no shares of non-voting common stock issued and outstanding.
No Sales, No Product, No Audited Financials, No employees.... Most likely Doug needed some cash for his mortgage.
O/S 990 million now?? Ugh glad I didn't buy anything else after the RS and wrote off what I had. I used to like Taylor and chalked up a lot to bad timing. This is just bad in general.
Maybe Dougie is going to merge whats left of the water company PURH into HYPF. That way they can have free water with the made up hydrogen engines... ;)
Doug Bender, President of PureH2O, stated, "It is an honor to enter the public stock market. The global demand for clean water is continuing to rise. We look to aggressively grow our company and build shareholder value."
So what happen to the SEC filings you said existed??? You can't tell the difference between hypf and wtwo? Please you really need to check before you post.
Which are worth about a much as the word 2003 program they are written on.
http://www.sec.gov/edgar/searchedgar/companysearch.html
seems they don't have a HYPF.
Guess they don't file. Have a good one.
WTWO Filings are not HYPF filings. You really can't be that naive..
W2 Energy, Inc. WTWO Filings??? LOL I think you have the wrong company. You might want to look again. Remember SEC filings not some word doc that Dougie put together.
Yahoo finance and otcbb.com have no sec filings listed please post a link to them and not the quarterly report(which is not a SEC filing). I hope you kbow what a legit filing is. Bender's a turd and the whole company is a shell. What magically product is he going to sell? Bio-degradeable stocks certs that you can convert into bio-diesel?
It's a non reporting pink sheet. Show a SEC filing with it. This company has never produced anything and never sold a thing. If you can't buy a product from them what do they have to offer? Just smoke and mirrors. How many employees do they have? Sources of revenue? Financials? Heck Doug bender has had a bunch of pink sheets pseudo companies over the years.
Company is a scam. Actually has no products to sell. For a while it was posting testimonials(garbage pickup company) for another product that were 10 years+ old on its website. Dougie Bender used to be the CEO of pure water or still is. But has huge experience in the automotive industry... Check out the website nothing to buy.. At one point they were posting that they sold millions of dollars of something to a non existent company in some Indian newspapers. Heck the IR guy uses AOL. Then they had the professor in Tennessee who seemed to know about the company. The non existent research team is another good one.
Those names didn't pop up into anything I know that was peacock related. I'd have to got back 5+ years to see what shows up then. I think one was solarbrook and another was some real estate outfit.
Thanks :)
There's alot of if. They really have to be upfront about what they plan to do. They are fixing the share structure. They need to support the pps after the RS. If they don't its a dilution machine and run for the hills. If they draw a line in the sand with the pps then they are legit
Not totally surprised. Its a penny stock different folks here. The first thing is the RS, it scare alot of folks away. In pennyland a RS wipes you out. Plus its not their first one Second the company hasn't done anything to convince folks its not a typical penny. They diluted alot to pay for things and then setup the structure so they control the stock proxies. Not exactly endearing. What they need to show is a few mil in real revs and cash in the bank. Hire a few real company people and get their act together.
Odd with the news this has gotten zero bounce.