So the company Pro Star is bought for 6.5 times net profit. Seems cheap. (= 3.9 M / 600 K)

http://2xbdps44xn03py7vt187ppym.wpengine.netdna-cdn.com/wp-content/uploads/2013/10/hydrophi-investor-presentation.pdf

Have fun figuring.

There are 2 things I can think of:

1) A settlement in 2014 causes to make the company all kinds of cut backs as a direct result of it departments as sales and R&D are stopped in their tracks. (probably greenmachine2 post#3900 not sure)
Read also #3741. (Also the respond part of the CEO).

2) The 100 Unit order was a test order in order to gather field test info for as well the customer as for Hydrophi. These field tests give without any question important data for the R&D of Hydrophi. Although the field tests with customer Rutas Unidas where possitive $ 4500,- per Unit was subsidized by the municipality of Mexico City. The total potential order was 2750 units, so 2750 pcs. * $ 4500,- = $12.4 M which is a big headache for the municipality of Mexicocity. Something with local policies capitulated.

http://hydrophi.com/corporate/management/operations/



Hydrophi Technologies Group is about retrofitting and warranty of these trucks is overdue to begin with. It's said in the videopresentation greenmachine2 post#7495.

Jonathon Goldman seems to be no longer working for the company looking at: http://hydrophi.com/corporate/management/executives/



1) The hydrogen is used as a catalyst not as fuel replacement. In other words it chances the type of molecules inside the combustion chamber (in air intake hydrogen is injected) and this way it alters the type of molecules from the exhaust fumes.
https://en.wikipedia.org/wiki/Catalysis
The power torque of the diesel engine takes the katalyst thanks to the diesel fuel is burned more completely.
2) The hydrogen makes the machine parts cleaner which causes a decrease of mechanical friction.
3) Conventional configuration of a diesel car: all kinds of barries in het gas flow are added (read as friction in fluid mechanics) this causes an increase in fuel consumption. greenmachine2 post#6572

See also greenmachine2 post#6981

Retrofitting new diesel engines would be dumb, it makes much more sense for Hydrophi to have a joint venture with a diesel engine manufacturer. Therefore the future outlook of miniturizing their technology makes sense to me IMO.

An other treat to the company is R&D's are cash burners which makes this company a takeover candidate.


For clarity, I have no technical background.

Correlation with unsafe driving; lack of fitness; workload? Something for the ceo to look into!

How to evaluate the added company value of a new board member which is brought into this new merger?

All fibonacci's are bullish. That's the first time I can remember.

http://www.stockta.com/cgi-bin/analysis.pl?symb=HPTG&cobrand=&mode=stock

150 trucks * approximately $ 15 k (= unit + installation) = investment 2.25 M

First the investment and than the savings.




All the bids and asks at size 10000?

Thanks for the info.

Right now I am deep in the money on HPTG spectacular trading day on Tuesday. I went in on both HPTG and GOVX in the first half of 2014 after an alert of a stock analyst and gave a detailed fundamental analysis. Both comps. were poorly financed but had great products distictiv from their competitors and have patented their technologies.

Recently we can see strong financial improvements at HPTG, why? Because in the contrary of retail investors the institutional ones get the info. They don't spent a few 100K's to a microcap without getting an outlook of their invested money and returns.

You invest when the traders are pestimistic and the comp. gets barely attention. I am convinced that on the long run and yes this can take multiple years people will recognize quality products/ services starting with institutional investors. Ones this money enters the comp. accelerations are to be expected.

For HPTG: retrofitting of old diesel engines, diesel gate is the catalyst for stricter environmental regulations both in the USA as in Europe. For years big carcomps. have frustrated stricter regulations on testing exhaust fumes with a powerfull lobby.

For GOVX?:

http://www.volkskrant.nl/wetenschap/vertrouw-de-arts-maar-niet-de-pil-die-hij-voorschrijft~a4191213/?utm_source=twitter&utm_content=free&utm_medium=social&hash=8ea610e1c98963237954dc6643ea03abed3e356b&utm_campaign=shared%20content

Link above is a dutch newspaper. Here in the Netherlands the ministre of healthcare is getting more and more aggitated by the attitude of the big biotech comps. for being so greedy and corrupt. In the Netherlands, health insurance companies make drugs at much lower costs. These are drugs whose patent has expired.

If and when a political landslide occurs I am sure that investors will be all over it.

Still need to do my dd if you have some links and/ or important info about GOVX I would appreciate that.

Although I haven't done much research on this ticker yet as you probably know the company can only start making real money (besides milestone payments which I haven't looked into) after the oke of phase 3 by the FDA. Phase 3 is the most costly stage of all. The company will have revenues of royalties from the drug manufacturer, however the financing for the comp will take place long before the oke (= phase 3).

Biotech companies with their R&D are true cash burners. These scientists have hefty salaries. Most biotech comps have alliances again I haven't dd so I don't know that about GOVX. However because a lot of dilution is involved in the pps I would think not. So when the comp starts to earn they don't have to share it with other alliances members. Besides this way of financing is not uncommon in the biotech sector.

Their technology seems to have a high succes rate and barely any side effects. Their technology is capable of tracing, marking and eliminating virusses even when they try to hide in a healthy body cell. This technology seems to be applyable to more and more viral diseases. The sweet thing with one of their Ebola vaccins is they can use it to prevent people from getting the disease in the first place. In other words you don't have to swallow a medicine for the rest of your life (with on the long run all kinds of disturbing side effects for your health).

Investment wise maybe a little early to invest in and for sure a high risk investment as all pennies are at the OTC but if the comp survives this ticker is a gem. We are not just talking about orphan drugs here.

Charlie Sheen has HIV inhibitors which he needs to use for the rest of his life. These medicine only take away the symptoms not the virus, GOVX vaccin does. All IMO.

You are right, that's disappointing. All these cutbacks I am starting to wonder if there is any activity going on by Hydrophi. Why all this radio silence?

The way I read it the earnings were over a period of 6 months. Unfortunately no info about which licency holder was made available.

These were the two finds that I thought were interesting:

page F-4

Hydro Phi is a fuel efficiency company that has created a water-based technology to improve the fuel efficiency of internal combustion engines. Hydro Phi has been engaged in the research and development of its “green energy” solutions primarily for the transportation industry since its inception. In 2010, Hydro Phi concluded phase one of its research and development phase and started to generate revenues. Hydro Phi’s priority market segments are: logistics, trucking, heavy equipment, marine and agriculture, where rising fuel costs and upcoming emission regulations necessitate the development of new, ground-breaking technologies. In the future, the continual improvement process at Hydro Phi will focus on miniaturization, data collection, application-specific designs and further efficiency enhancements.

page F-15

17. CONCENTRATION


All of the Company’s revenues were related to one customer for the six months ended September 30, 2015, totaling $138,333. The loss of the customer or the failure to attract new customers could have a material adverse effect on our business, results of operations and financial condition.

Pursuant to a Securities Purchase Agreement, dated December 4, 2014 by and between the Company and 31 Group, LLC, the 31 Group is committed to purchase from the Company two convertible notes of the Company in the principal amounts of $385,000 and $275,000, for the cash purchase amounts of $350,000 and $250,000, respectively. The $385,000 note was issued on December 4, 2014 and will mature on May 17, 2016. The Company received the funding for the $385,000 note on December 8, 2014. The $275,000 note will be issued upon the fulfillment of certain other conditions that are outside of the 31 Group’s control or that the 31 Group cannot cause not to be satisfied. The notes are convertible 179 days after issuance, in whole or in part, at the investor’s option, into shares of common stock, at a conversion price equal to $0.15 per share. If after 179 days from the execution date of the note, the price of the stock is less than $0.15, the Company will have an additional 30 days to repay the 31 Group LLC. If the notes are not repaid, 31 Group LLC may convert the notes at a conversion rate of the product of (x) the arithmetic average of the lowest three volume weighted average prices of the common stock during the ten consecutive trading days ending and including the trading day immediately preceding the applicable conversion date and (y) 80%. The Company has the right at any time to redeem some or all, of the total outstanding amount then remaining under the convertible notes at a price equal to: (i) 100% if within 60 days of issuance (ii) 115% if between 61 and 149 days of issuance (iii) 120% if 150 days or more after issuance. The Company is also required to reserve 150% of the number of shares of common stock that may be issued in conversion of the remaining outstanding amount commencing with the date that the note becomes convertible.

http://www.stockta.com/cgi-bin/analysis.pl?symb=HPTG&cobrand=&mode=stock

Looking good indeed.

http://www.sec.gov/Archives/edgar/data/1496741/000151597115000392/hptgnt10q093015.htm

At the very latest by Friday we should see the 10Q report?

http://www.cop21.gouv.fr/en/

Hollande has indicated that the climate summit continues and that while he declaires the war to IS. That says enough for me how seriously the international politics are about the environmental issues.

There will be opportunities abound for environment-related businesses, some companies will prove very successful for others, we will never hear from them again.

I prefer to analyze the facts in the here and now and fed up with the 10-Q has been postponed. This joke costs the company $2,500 penalty fee?

BTW:
http://ih.advfn.com/p.php?pid=nmona&article=69339353

what does this mean?

3rd QTR report HTE with Google translate:



HydroPhi Technologies Europe SA
Consolidated interim report
for the third quarter of 2015 years
16 November 2015 r.

Translate
TABLE OF CONTENTS
1. GENERAL INFORMATION ................................................................................................................................................ 3
1.1. Basic data about the company .............................................................................................................................. 3
1.2. Authorities Issuer ................................................................................................................................................... 3
1.3 Shareholder Structure ........................................................................................................................................ 4
1.4 Information on the number of people employed by the Issuer in FTE .................................................................................................................................................................................... 4
1.5 Subject of activity ........................................................................................................................................ 5
2. QUARTERLY CONDENSED FINANCIAL STATEMENTS ............................................ .............................. 5
2.1. Information about the principles adopted in the preparation of the report, including information on changes in accounting principles (policy) ............................... .............................................. 5
2.2 Balance sheet of the issuer (in PLN) .............................................................................................................................. 6
2.3 Profit and loss account of the Issuer (PLN) ........................................ .............................................. 10
2.4 Cash flow statement of the Issuer (PLN) ......................................... ...................... 11
2.5 Statement of changes in equity of the Issuer (PLN) ....................................... ................ 12
2.6 Consolidated balance sheet of the Issuer Group (PLN) ......................................... ................................. 14
2.7 Consolidated profit and loss account of the Group of the Issuer (PLN) ..................................... 18
2.8 Consolidated Cash Flow Statement of the Group of the Issuer (PLN) .............. 19
2.9 Consolidated Statement of Changes in Equity Issuer Group (PLN) ...... 20
3. DESCRIPTION OF SIGNIFICANT ACHIEVEMENTS OR FAILURES OF THE ISSUER IN THE PERIOD FROM 01/07/2015 TO 30/09/2015 R. R. ACCOMPANIED BY THE MOST IMPORTANT FACTORS AND EVENTS, ESPECIALLY OF UNUSUAL NATURE, AFFECTING THE RESULTS .................................................................................................................. 22
3.1 Significant events during the reporting period and the date of publication of the report .................... 22
4. POSITION ON THE FEASIBILITY OF PUBLISHED FORECASTS FOR THE YEAR IN LIGHT OF RESULTS PRESENTED IN THE QUARTERLY REPORT FOR THE PERIOD FROM 07/01/2015 TO 09/30/2015 THE YEAR .................. ........... 23
5. DESCRIPTION OF COMPLETION OF ACTIVITIES AND INVESTMENTS OF THE ISSUER AND SCHEDULE OF THEIR IMPLEMENTATION, ACCORDING TO THE INFORMATION PROVIDED HEREIN IS FOR INFORMATIONAL - In the case of an issuer which does not reach REGULAR SALES FROM OPERATING ACTIVITIES ............... ..................................... 23
6. INFORMATION ABOUT THE ACTIVITY OF THE ISSUER FOR THE TAKING IN THE DEVELOPMENT ACTIVITY ON THE INTRODUCTION OF INITIATIVES ORIENTATED SOLUTIONS INNOVATIVE ENTERPRISE .......................... . 23
7. INDICATION OF THE GROUP CAPITAL AS AT 30 SEPTEMBER 2015 ........................................................................................................... 24

1. GENERAL INFORMATION
1.1. Basic data about the company
Full name HydroPhi Technologies Europe SA
Headquarters
Square Silesian Insurgents 1st place. 201,
53-329 Wroclaw
Phone:
+48 (71) 79 11 555
Fax:
+48 (71) 79 11 556
The principal activities
activities in the area "clean technologies"
Share capital
The share capital is 5 157 170 zl and is divided into:
- 1,000,000 shares of series A
- 571,700 shares of series B bearer
- 40,000,000 shares of series C bearer
- 1,109,191 shares of series D bearer
- 8,890,809 shares of series E bearer
The register, registration number
District Court for Wroclaw-Fabryczna in Wroclaw,
VI Economic Division of the National Court Register
KRS number: 0000368347
NIP:
521-35-07-866
Code:
141637930
The duration of the
unlimited
1.2. Authorities Issuer
Management
The Board HydroPhi Technologies Europe SA the date of this report includes:
? Edward Bowl - CEO
? Roger M. Slotkin - Member of the Board
On 7 August 2015. To the headquarters of the Company received the resignation of former President Mr. Wojciech Grzegorczyk from his membership on the Board of the Issuer at the end of 7 August 2015.
On 7 August 2015. The Supervisory Board, acting pursuant to art. 368 § 4 of the Commercial Companies Code and § 11 para. 2 of the Articles of the Company passed a resolution, under which the appointed starting on 8 August 2015. The composition of the Issuer's Management Board Mr. Edward Bowl and appointed him President of the Management Board.

board of directors
The Supervisory Board HydroPhi Technologies Europe SA the date of this report includes:
? Mieczyslaw Wójciak - Chairman of the Supervisory Board
? Gregory Wójciak - Vice-Chairman of the Supervisory Board
? Felicia Wójciak - Member of the Supervisory Board
? Reid Meyer - Member of the Supervisory Board
? David Waldman - Member of the Supervisory Board
In the period covered by this report and the date of its preparation there were no changes in the composition of the Supervisory Board.
1.3 Shareholder Structure
The following table shows the shareholding structure with a detailed list of shareholders holding at least 5% of votes at the General Meeting of Shareholders (pursuant to notices of shareholders with Art. 69 of the Act on Public Offering).
Table 1 - The shareholding structure of the Issuer (as at 16.11.2015 r.) Shareholder Number of shares Number of votes Share capital Share in the total number of votes
Quark Ventures, LLC (d. WDM Capital USA, LLC) 1)
20 550 000
20 550 000
39.85%
39.85%
EQUIMAXX, LLC
11 390 809
11 390 809
22.09%
22.09%
The rest
10 880 891
10 880 891
21.10%
21.10%
HydroPhi Technologies Group, Inc.
8 750 000
8 750 000
16.97%
16.97%
Amount
51 571 700
51 571 700
100.00%
100.00%
1) indirectly through a subsidiary Astoria Capital SA
1.4 Information on the number of people employed by the Issuer in FTE
The Issuer does not employ workers under contracts of employment.

1.5 Subject of activity
HydroPhi Technologies Europe SA the company's 100% subsidiary HydroPhi Technologies Europe Sp. with o.o It is engaged in the commercialization of technology HydroPlant in Europe.
HydroPlant technology developed by HydroPhi Technologies Group, Inc. use of the integrated electrolysis involving the separation of hydrogen and oxygen from water and then bringing the mixture into the air intake of the motor supplied carbon fuels such as diesel, unleaded gasoline and natural gas. HydroPlant ™ system reduces fuel consumption, operating costs and emissions both engines for use in vehicles and stationary engines, and generators. HydroPlant technology has been tested and found to reduce operational costs associated with maintaining vehicles by improving fuel efficiency to over 20%, while reducing greenhouse gas emissions by 70%. By using the integrated electrolysis system for automatically separating hydrogen and oxygen from water, HydroPlant technology eliminates the need to provide containers for storing hydrogen under high pressure and the use of hazardous chemicals. The key customers of the technology sector is trucks, heavy equipment, marine industry as well as agriculture and mining.
Subsidiary of the Issuer HydroPhi Technologies Europe Sp. with o.o He is the exclusive distributor and licensee of the technology HydroPlant in Europe.
2. QUARTERLY CONDENSED FINANCIAL STATEMENTS
2.1. Information about the principles adopted in the preparation of the report, including information on changes in accounting principles (policy)
The key accounting policies applied in the preparation of the financial data presented in this report:
1. Financial data have been prepared in accordance with accounting principles in accordance with the Accounting Act dated 29 September 1994, as amended.
2. Adopted accounting policies are described in detail in the Company's annual report for the fiscal year 2014 the EIB published report No. 12/2015 of 11 May 2015. Used by the Company's accounting policies have not changed.
3. All financial data in this report are fully comparable with those for the corresponding period last year.

2.2 Balance sheet of the issuer (in PLN)
ASSETS 09.30.2015 r. 06.30.2015 r. 30.09.2014. 30.06.2014 r. A. Non-current assets 3 501 224.00 3 501 542.00 170 841.07 278 572.33
AND.
Intangible assets
0.00
0.00
81 763.07
87 194.33
1.
Research and development costs
0.00
0.00
0.00
0.00
2.
Goodwill
0.00
0.00
0.00
0.00
3.
Other intangible assets
0.00
0.00
69 618.67
87 194.33
4.
Advances for intangible assets
0.00
0.00
12 144.40
0.00
II.
Tangible fixed assets
0.00
0.00
0.00
0.00
1.
Fixed assets
0.00
0.00
0.00
0.00
and)
land (including perpetual usufruct)
0.00
0.00
0.00
0.00
b)
buildings, premises and civil engineering
0.00
0.00
0.00
0.00
c)
technical devices and machines
0.00
0.00
0.00
0.00
d)
means of transport
0.00
0.00
0.00
0.00
e)
other fixed assets
0.00
0.00
0.00
0.00
2.
Fixed assets under construction
0.00
0.00
0.00
0.00
3.
Advances for construction in progress 0.00 0.00 0.00 0.00
III.
Long-term receivables
0.00
0.00
0.00
0.00 1. From related parties 0,00 0,00 0,00 0,00
2.
From other entities
0.00
0.00
0.00
0.00
IV.
Long term investments
3 500 000.00
3 500 000.00
0.00
102 300.00
1.
Real Estate
0.00
0.00
0.00
0.00
2.
Intangible assets
0.00
0.00
0.00
0.00
3.
Long-term financial assets
3 500 000.00
3 500 000.00
0.00
0.00
and)
in related entities
3 500 000.00
3 500 000.00
0.00
0.00
-
shares
3 500 000.00
3 500 000.00
0.00
0.00
-
Other securities
0.00
0.00
0.00
0.00
-
loans
0.00
0.00
0.00
0.00
-
other long-term financial assets
0.00
0.00
0.00
0.00
b)
in other entities
0.00
0.00
0.00
0.00
-
shares
0.00
0.00
0.00
0.00
-
Other securities
0.00
0.00
0.00
0.00
-
loans
0.00
0.00
0.00
0.00
-
other long-term financial assets
0.00
0.00
0.00
0.00
4.
Other investments
0.00
0.00
0.00
102 300.00

Long-term
V.
Long-term prepayments
1 224,00
1 542,00
89 078,00
89 078,00
1.
Deferred income tax
1 224,00
1 542,00
89 078,00
89 078,00
2.
Other accruals
0.00
0.00
0.00
0.00
B.
Assets
2 714 235.69
170 927.33
4 575 121.65
723 728.59
AND.
Wrestling
0.00
0.00
12 694.40
12 694.40
1.
Supplies
0.00
0.00
0.00
0.00
2.
Semi-finished products and work in progress
0.00
0.00
0.00
0.00
3.
Finished products
0.00
0.00
0.00
0.00
4.
Goods
0.00
0.00
0.00
0.00
5.
Advances on delivery
0.00
0.00
12 694.40
12 694.40
II.
short-term receivables
2 671 109.60
86 707.71
27 098.30
75 131.55
1.
Receivables from related parties
41 317.80
36 397.80
0.00
0.00
and)
due to deliveries and services with maturity date:
0.00
0.00
0.00
0.00
-
12 months
0.00
0.00
0.00
0.00
-
over 12 months
0.00
0.00
0.00
0.00
b)
another
41 317.80
36 397.80
0.00
0.00
2.
Receivables from other entities
2 629 791,80
50 309.91
27 098.30
75 131.55
and)
due to deliveries and services with maturity date:
0.00
0.00
4 767.30
0.00
-
12 months
0.00
0.00
4 767.30
0.00
-
over 12 months
0.00
0.00
0.00
0.00 b) taxes, subsidies, customs, social security and health insurance and other benefits 52 476.00 50 260.72 21 876.00 0.00 c) Other 2 577 315.80 455.00 49.19 75 131,55 d) under litigation 0.00 0.00 0.00 0.00 III. Short-term investments 43 126.09 84 219.62 4 023 877.01 626 989.25 1. Short-term financial assets 43 126.09 84 219.62 4 023 877.01 626 989.25 a) in related entities 0,00 0 00 3 500 000,00 100 000,00 - shares 0.00 0.00 3 500 000,00 0,00 - other securities 0,00 0,00 0,00 0,00 - loans granted 0 00 100 000,00 0,00 0,00 - other current financial assets 0.00 0.00 0.00 0.00 b) in other entities 19 630.15 19 630.15 504 176.72 0.00 - shares or shares 102 300,00 0,00 0,00 0,00 - other securities 0,00 0,00 0,00 0,00 - loans 19 630.15 19 630.15 401 876.72 0.00 - other current financial assets 0.00 0.00 0.00 0.00 c) cash and other assets 23 495.94 64 589.47 19 700.29 526 989.25

cash - cash in hand and at bank 23 495.94 64 589.47 19 700.29 526 989.25 - other cash 0,00 0,00 0,00 0,00 - other cash assets 0,00 0, 00 0.00 0.00 2. Other short-term investments 0.00 0.00 0.00 0.00 IV. Short-term accruals 0.00 0.00 511 451.94 8 913.39 Total assets 6 215 459.69 3 672 469.33 4 745 962.72 1 002 300.92
LIABILITIES 09.30.2015 r. 30.06.2015 r. 30.09.2014. 30.06.2014 r. A. Share capital (fund)
6 196 261.75
3 553 313.65
4 702 249.13
813 878.19
AND.
Share capital (fund)
5 157 170,00
4 268 089.10
157 170.00
157 170.00
II.
Called-up share capital (negative amount)
0.00
0.00
0.00
0.00
III.
Shares (shares) (negative figure)
0.00
0.00
0.00
0.00
IV.
Share capital (fund)
2 641 278.57
863 116.77
1 163 441.06
1 163 441.06
V.
Share capital (fund) from revaluation
0.00
0.00
0.00
0.00
VI.
Other reserves (funds)
136 839.04
136 839.04
4 136 839.04
136 839.04
VII.
Profit (loss) from previous years
-1 574 945.89
-1 574 945.89
-427 251.76
-427 251.76
VIII.
profit (loss) Net
-164 079.97
-139 785.37
-327 949.21
-216 320.15
IX.
Deductions from net profit during the financial year (negative value)
0.00
0.00
0.00
0.00 B. Liabilities and provisions for liabilities
19 197.94
119 155,68
43 713.59
188 422.73
AND.
Provisions for liabilities
5 730,00
5 730,00
4 500,00
4 500,00
1.
Deferred income tax
3 730,00
3 730,00
0.00
0.00
2.
Provisions for pensions and similar obligations
0.00
0.00
0.00
0.00
-
Long-term
0.00
0.00
0.00
0.00
-
Short-term
0.00
0.00
0.00
0.00
3.
Other provisions
2 000,00
2 000,00
4 500,00
4 500,00
-
Long-term
0.00
0.00
0.00
0.00

-
Short-term
2 000,00
2 000,00
4 500,00
4 500,00
II.
Long-term liabilities
0.00
0.00
0.00
0.00
1.
To related parties
0.00
0.00
0.00
0.00
2.
To other entities
0.00
0.00
0.00
0.00
and)
credits and loans
0.00
0.00
0.00
0.00
b)
issue of debt securities
0.00
0.00
0.00
0.00
c)
Other financial liabilities
0.00
0.00
0.00
0.00
d)
another
0.00
0.00
0.00
0.00
III.
Current liabilities
13 467.94
113 425.68
39 213.59
182 222.73
1.
To related parties
0.00
0.00
0.00
0.00
and)
due to deliveries and services with maturity date:
0.00
0.00
0.00
0.00
-
12 months
0.00
0.00
0.00
0.00
-
over 12 months
0.00
0.00
0.00
0.00
b)
another
0.00
0.00
0.00
0.00
2.
To other entities
13 467.94
113 425.68
39 213.59
182 222.73
and)
credits and loans
0.00
0.00
0.00
92 949.56
b)
issue of debt securities
0.00
0.00
0.00
0.00
c)
Other financial liabilities
0.00
0.00
0.00
0.00
d)
due to deliveries and services with maturity date:
12 943.68
23 358.47
34 763.59
72 243.57
-
12 months
12 943.68
23 358.47
34 763.59
72 243.57
-
over 12 months
0.00
0.00
0.00
0.00
e)
Advances received
0.00
0.00
0.00
0.00
f)
bills of exchange
0.00
0.00
0.00
0.00
g)
taxes, duties, insurance and other benefits
348,00
53,31
3 204.85
15 529.60
h)
of remuneration
0.00
0.00
1 227.15
1 500,00
and)
another
176.26
90 013.90
18,00
0.00
3.
Special funds
0.00
0.00
0.00
0.00
IV.
Prepayments and accrued income
0.00
0.00
0.00
1 700,00
1.
Negative goodwill
0.00
0.00
0.00
0.00
2.
Other accruals
0.00
0.00
0.00
1 700,00
-
Long-term
0.00
0.00
0.00
0.00 - Short-term
0.00
0.00
0.00
1 700,00 Total liabilities
6 215 459.69
3 672 469.33
4 745 962.72
1 002 300.92

2.3 Profit and loss account of the Issuer (PLN)
Item 07.01.2015 - 09.30.2015 01.01.2015 - 09.30.2015 07.01.2014 - 30.09.2014 01.01.2014 - 30.09.2014
Net revenues from sales of products, goods and materials, including:
0.00
0.00
0.00
388 631.09
- from related parties
0.00
0.00
0.00
0.00
Net revenues from sales of products
0.00
0.00
0.00
388 631.09
Change in products
0.00
0.00
0.00
0.00
Cost of production for internal purposes
0.00
0.00
0.00
0.00
Net revenues from sales of goods and materials
0.00
0.00
0.00
0.00
Operating expenses
25 950.31
97 771.19
112 977.39
719 003.64
Depreciation
0.00
0.00
5 431.26
16 293.78
Usage of materials and energy
0.00
0.00
14.63
150 890.75
Foreign Service
21 152.60
89 146.62
61 367.22
487 288.86
Taxes and fees, including:
639,00
1 787,00
26 775,00
27 317,00
- excise tax
0.00
0.00
0.00
0.00
Wages and salaries
2 158.71
5 712.57
15 983.46
27 675.59
Social security and other benefits
0.00
0.00
1 385.36
1 851,00
Other costs
0.00
1 125,00
2 020.46
7 686.66
The value of sold goods and materials
0.00
0.00
0.00
0.00
Profit (loss) on sales
-23 950.31
-97 771.19
-112 997.39
-330 372.55
Other operating income
0.00
0.98
0.90
440.67
Gain on sale of fixed assets
0.00
0.00
0.00
0.00
Subsidies
0.00
0.00
0.00
0.00
Other operating income
0.00
0.98
0.90
440.67
Other operating cost
0.08
1 361.06
0.45
2 456.39
Loss on disposal of fixed assets
0.00
0.00
0.00
0.00
Revaluation of non-financial assets
0.00
0.00
0.00
0.00
Other operating expenses
0.08
1 361.06
0.45
2 456.39
Profit (loss) from operations
-23 950.39
-99 131.27
- 112 976.94
- 332 338.27
Financial income
0.00
14 110.96
- 1 804.43
10 198.36
Dividends and share in profits, including:
0.00
0.00
0.00
0.00
- from related parties
0.00
0.00
0.00
0.00
Interest, including:
0.00
6 410.96
1 876.81
1 879.04
- from related parties
0.00
0.00
1.73
115.25
Profit on disposal of investments
0.00
7 700,00
3 680.68
8 319.32
Revaluation of investments
0.00
0.00
0.00
0.00
Another
0.00
0.00
0.56
0.00

Financial costs
26,21
92 011.66
3 152.31
5 759.30
Interest, including:
26,21
871.66
1.73
115.25
- To related parties
0.00
0.00
0.00
0.00
Loss on disposal of investments
0.00
0.00
8 558.73
0.00
Revaluation of investments
0.00
91 140.00
0.00
0.00
Another
0.00
0.00
5 404.69
5 644.05
Profit (loss) from ordinary activities
- 23 976,60
-177 031.97
- 111 629.06
- 327 949.21
Result on extraordinary events
0.00
0.00
0.00
0.00
Extraordinary gains
0.00
0.00
0.00
0.00
Extraordinary losses
0.00
0.00
0.00
0.00
Profit (loss) before tax
-23 976,60
-177 031.97
-111 629.06
-327 949.21
Current income tax
0.00
0.00
0.00
0.00
Deferred income tax
318,00
-12 952.00
0.00
0.00
profit (loss) Net
-24 294.60
-164 079.97
-111 629.06
-327 949.21
2.4 Cash flow statement of the Issuer (PLN)
Item 07.01.2015 - 09.30.2015 01.01.2015 - 09.30.2015 07.01.2014 - 30.09.2014 01.01.2014 - 30.09.2014
A. Cash flows from operating activities
AND.
Profit (loss) Net
-24 294.60
-164 079.97
-111 629.06
-327 949.21
II.
Total adjustments
- 16 798.93
35 176.15
88 970.34
499 699.65
III.
Net cash flow from operating activities (I + II)
-41 093.53
-128 903.82
-22 658.72
171 750.44
B. Cash flows from investing activities
AND.
Inflows
0.00
0.00
110 619.32
114 300.00
II.
Expenses
0.00
0.00
502 300.00
616 744.40
III.
Net cash flows from investing activities (I-II)
0.00
0.00
-391 680.68
-502 444.40
C. Cash flows from financing activities
AND.
Inflows
0.00
146 945.15
-92 949.56
0.00
II.
Expenses
0.00
0.00
0.00
0.00
III.
Net cash flow from financing activities (I-II)
0.00
146 945.15
-92 949.56
0.00
D.
Total net cash flow
-41 093.53
18 041.33
-507 288.96
330 693.96
E.
Balance-sheet change in cash, including
-41 093.53
18 041.33
-507 288.96
330 693.96
- Change in cash due to exchange differences
-
-
-
-
F.
Cash and cash equivalents at beginning of period
64 589.47
5 454.61
526 989.25
350 394.25
G.
Cash and cash equivalents at end of period (F + D), including
23 495.94
23 495.94
19 700.29
19 700.29
- Restricted cash
-
-
-
-

2.5 Statement of changes in equity of the Issuer (PLN)
Item number. Item For the period 01.07.2015 - 09.30.2015 01.01.2015 - 30.09.2015 01.07.2014 - 30.09.2014 01.01.2014 - 30.09.2014
AND.
Share capital (fund) at the beginning of the period (BO)
3 553 313.65
3 455 252.45
813 878.19
1 030 198.34
- Changes in accounting principles (policy)
0.00
0.00
0.00
0.00
- Correction of errors
0.00
0.00
0.00
0.00
I.a
Share capital (fund) at the beginning of the period (BO), after adjustments
3 553 313.65
3 455 252.45
813 878.19
1 030 198.34
1.
Share capital (fund) at the beginning of the period
4 268 089.10
4 157 170,00
157 170.00
157 170.00
1.1
Changes in share capital (fund)
889 080.90
999 999.91
0.00
0.00
and)
increase
889 080.90
999 999.91
0.00
0.00
b)
reduction
0.00
0.00
0.00
0.00
1.2
Share capital (fund) at the end of the period
5 157 169.91
5 157 169.91
157 170.00
157 170.00
2.
Called-up share capital at beginning of period
0.00
0.00
0.00
0.00
2.1
Changes in called-up share capital
0.00
0.00
0.00
0.00
and)
increase (due to)
0.00
0.00
0.00
0.00
b)
decrease (due to)
0.00
0.00
0.00
0.00
2.2
Called-up share capital at end of period
0.00
0.00
0.00
0.00
3.
Shares (stocks) at the beginning of the period
0.00
0.00
0.00
0.00
Changing shares (shares) own
0.00
0.00
0.00
0.00
and)
increase
0.00
0.00
0.00
0.00
b)
reduction
0.00
0.00
0.00
0.00
3.1
Shares (stocks) at the end of the period
0.00
0.00
0.00
0.00
4.
Share capital (fund) at the beginning of the period
863 116.77
736 189.30
1 163 441.06
1 163 441.06
4.1
Changes in share capital (fund)
1 778 161.80
1 905 089.27
0.00
0.00
and)
increase
1 778 161.80
1 905 089.27
0.00
0.00
b)
reduction
0.00
0.00
0.00
0.00
4.2
State capital (fund) at the end of the period
2 641 278.57
2 641 278.57
1 163 441.06
1 163 441.06
5.
Share capital (fund) Revaluation reserve at beginning of period
0.00
0.00
0.00
0.00

5.1
Changes in share capital (fund) from revaluation
0.00
0.00
0.00
0.00
and)
increase (due to)
0.00
0.00
0.00
0.00
b)
decrease (due to)
0.00
0.00
0.00
0.00
5.2
Share capital (fund) from revaluation at end of period
0.00
0.00
0.00
0.00
6.
Other reserve capital (funds) at the beginning of the period
136 839.04
136 839.04
136 839.04
136 839.04
6.1
Changes in other capital (funds)
0.00
0.00
4 000 000.00
4 000 000.00
and)
increase
0.00
0.00
4 000 000.00
4 000 000.00
b)
reduction
0.00
0.00
0.00
0.00
6.2
Other reserve capital (funds) at the end of the period
136 839.04
136 839.04
4 136 839.04
4 136 839.04
7.
Profit (loss) brought forward at beginning of period
-1 574 945.89
-1 574 945.89
-643 571.91
-427 251.76
7.1
Profit brought forward at beginning of period
0.00
0.00
0.00
0.00
- Changes in accounting principles (policy)
0.00
0.00
0.00
0.00
- Correction of errors
0.00
0.00
0.00
0.00
7.2
Profit from previous years at beginning of period, after adjustments
0.00
0.00
0.00
0.00
and)
increase (due to)
0.00
0.00
0.00
0.00
b)
decrease (due to)
0.00
0.00
0.00
0.00
7.3
Retained profit at end of period
0.00
0.00
0.00
0.00
7.4
Loss brought forward at beginning of period
1 574 945.89
1 574 945.89
643 571.91
427 251.76
- Correction of errors
0.00
0.00
0.00
0.00
7.5
Loss brought forward at beginning of period, after adjustments
1 574 945.89
1 574 945.89
643 571.91
427 251.76
and)
increase
139 785.37
0.00
0.00
0.00
b)
reduction
0.00
0.00
0.00
0.00
7.6
Loss brought forward at end of period
1 714 731.26
1 574 945.89
643 571.91
427 251.76
7.7
Profit / Loss brought forward at end of period
1 714 731.26
-1 574 945.89
-643 571.91
-427 251.76
8.
Net result
-24 294.60
-164 079.97
-111 629.06
-327 949.21
and)
Net profit
-
-
-
-
b)
Net loss
24 294.60
164 079.97
111 629.06
-327 949.21
c)
Deductions from net profit
-
-
-
-
II.
Share capital (fund) at the end of the period (BZ)
6 196 261.66
6 196 261.66
4 702 249.13
4 702 249.13

2.6 Consolidated balance sheet of the Issuer Group (PLN) ASSETS 09.30.2015 r. 06.30.2015 r. 30.09.2014. 30.06.2014 r. A. Non-current assets 3 308 796.85 3 352 823.50 170 841.07 278 572 , 33
AND.
Intangible assets
3 307,287,85
3 350 996.50
81 763.07
87 194.33
1.
Research and development costs
0.00
0.00
0.00
0.00
2.
Goodwill
0.00
0.00
0.00
0.00
3.
Other intangible assets
3 307,287,85
3 350 996.50
69 618.67
87 194.33
4.
Advances for intangible assets
0.00
0.00
12 144.40
0.00
II.
Tangible fixed assets
0.00
0.00
0.00
0.00
1.
Fixed assets
0.00
0.00
0.00
0.00
and)
land (including perpetual usufruct)
0.00
0.00
0.00
0.00
b)
buildings, premises and civil engineering
0.00
0.00
0.00
0.00
c)
technical devices and machines
0.00
0.00
0.00
0.00
d)
means of transport
0.00
0.00
0.00
0.00
e)
other fixed assets
0.00
0.00
0.00
0.00
2.
Fixed assets under construction
0.00
0.00
0.00
0.00
3.
Advances for fixed assets under construction
0,00 0,00 0,00 0,00
III.
Long-term receivables
0.00
0.00
0.00
0.00 1. From related parties 0,00 0,00 0,00 0,00
2.
From other entities
0.00
0.00
0.00
0.00
IV.
Long term investments
0.00
0.00
0.00
102 300.00
1.
Real Estate
0.00
0.00
0.00
0.00
2.
Intangible assets
0.00
0.00
0.00
0.00
3.
Long-term financial assets
0.00
0.00
0.00
0.00
and)
in related entities
0.00
0.00
0.00
0.00
-
shares
0.00
0.00
0.00
0.00
-
Other securities
0.00
0.00
0.00
0.00
-
loans
0.00
0.00
0.00
0.00
-
other long-term financial assets
0.00
0.00
0.00
0.00
b)
in other entities
0.00
0.00
0.00
0.00
-
shares
0.00
0.00
0.00
0.00
-
Other securities
0.00
0.00
0.00
0.00
-
loans
0.00
0.00
0.00
0.00
-
other long-term financial assets
0.00
0.00
0.00
0.00
4.
Other long-term investments
0.00
0.00
0.00
102 300.00
V.
Long-term
1 509,00
1 827,00
89 078,00
89 078,00

prepayments
1.
Deferred income tax
1 509,00
1 827,00
89 078,00
89 078,00
2.
Other accruals
0.00
0.00
0.00
0.00
B.
Assets
2 731 676.27
187 540.11
4 575 121.65
723 728.59
AND.
Wrestling
643.73
643.73
12 694.40
12 694.40
1.
Supplies
643.73
643.73
0.00
0.00
2.
Semi-finished products and work in progress
0.00
0.00
0.00
0.00
3.
Finished products
0.00
0.00
0.00
0.00
4.
Goods
0.00
0.00
0.00
0.00
5.
Advances on delivery
0.00
0.00
12 694.40
12 694.40
II.
short-term receivables
2 687 772.60
102 392.71
27 098.30
75 131.55
1.
Receivables from related parties
0.00
36 397.80
0.00
0.00
and)
due to deliveries and services with maturity date:
0.00
0.00
0.00
0.00
-
12 months
0.00
0.00
0.00
0.00
-
over 12 months
0.00
0.00
0.00
0.00
b)
Another
0.00
36 397.80
0.00
0.00
2.
Receivables from other entities
2 687 772.60
65 994.91
27 098.30
75 131.55
and)
due to deliveries and services with maturity date:
0.00
0.00
4 767.30
0.00
-
12 months
0.00
0.00
4 767.30
0.00
-
over 12 months
0.00
0.00
0.00
0.00 b) taxes, subsidies, customs, social security and health insurance and other benefits 69 139.00 65 945.72 21 876.00 0.00 c) Other 2 577 315.80 455.00 49.19 75 131,55 d) under litigation 0.00 0.00 0.00 0.00 III. Short-term investments 43 259.94 84 503.67 4 023 877.01 626 989.25 1. Short-term financial assets 43 259.94 84 503.67 4 023 877.01 626 989.25 a) in related entities 0,00 0 00 3 500 000,00 100 000,00 - shares 0.00 0.00 3 500 000,00 0,00 - other securities 0,00 0,00 0,00 0,00 - loans granted 0 00 100 000,00 0,00 0,00 - other current financial assets 0.00 0.00 0.00 0.00 b) in other entities 19 630.15 19 630.15 504 176.72 0.00 - shares or shares 102 300,00 0,00 0,00 0,00 - other securities 0,00 0,00 0,00 0,00 - loans 19 630.15 19 630.15 401 876.72 0.00 - other current financial assets 0.00 0.00 0.00 0.00 c) cash and cash equivalents 23 629.79 64 873.52 19 700.29 526 989.25 - cash in hand and at 23 629, 79 64 873.52 19 700.29 526 989.25

accounts - other cash 0,00 0,00 0,00 0,00 - other cash assets 0.00 0.00 0.00 0.00 2. Other short-term investments 0.00 0.00 0.00 0.00 IV. Short-term accruals 0.00 0.00 511 451.94 8 913.39 Total assets 6 040 473.12 3 540 363.61 4 745 962.72 1 002 300.92
LIABILITIES 09.30.2015 r. 06.30.2015 r. 30.09.2014. 30.06.2014 r. A. Share capital (fund) 5 967 679.13 3 372 851.46 4 702 249.13 813 878.19
AND.
Share capital (fund)
5 157 170,00
4 268 089.10
157 170.00
157 170.00
II.
Called-up share capital (negative amount)
0.00
0.00
0.00
0.00
III.
Shares (shares) (negative figure)
0.00
0.00
0.00
0.00
IV.
Share capital (fund)
2 641 278.57
863 116.77
1 163 441.06
1 163 441.06
V.
Share capital (fund) from revaluation
0.00
0.00
0.00
0.00
VI.
Other reserves (funds)
136 839.04
136 839.04
4 136 839.04
136 839.04
VII.
Profit (loss) from previous years
-1 636 032.56
-1 636 032.56
-427 251.76
-427 251.76
VIII.
profit (loss) Net
-331 575.92 -259 160.89 -327 949.21 -216 320.15
IX.
Deductions from net profit during the financial year (negative value)
0.00
0.00
0.00
0.00 B. Liabilities and provisions for liabilities 72 793.99 167 512.15 43 713.59 188 422.73
AND.
Provisions for liabilities
5 730,00
5 730,00
4 500,00
4 500,00
1.
Deferred income tax
3 730,00 0,00 0,00 0,00
2.
Provisions for pensions and similar obligations
0.00
0.00
0.00
0.00
-
Long-term
0.00
0.00
0.00
0.00
-
Short-term
0.00
0.00
0.00
0.00
3.
Other provisions
2 000,00
2 000,00
4 500,00
4 500,00
-
Long-term
0.00
0.00
0.00
0.00
-
Short-term
2 000,00
2 000,00
4 500,00
4 500,00
II.
Liabilities
0.00
0.00
0.00
0.00

Long-term
1.
To related parties
0.00
0.00
0.00
0.00
2.
To other entities
0.00
0.00
0.00
0.00
and)
credits and loans
0.00
0.00
0.00
0.00
b)
issue of debt securities
0,00 0,00 0,00 0,00
c)
Other financial liabilities
0.00
0.00
0.00
0.00
d)
another
0.00
0.00
0.00
0.00
III.
Current liabilities
67 063.99
161 782.15
39 213.59
182 222.73
1.
To related parties
50 754.97
46 449.97
0.00
0.00
and)
due to deliveries and services with maturity date:
0.00
615,00
0.00
0.00
-
12 months
0.00
615,00
0.00
0.00
-
over 12 months
0.00
0.00
0.00
0.00
b)
another
50 754.97
82 232.77
0.00
0.00
2.
To other entities
16 309.02
115 332.18
39 213.59
182 222.73
and)
credits and loans
0.00
0.00
0.00
92 949.56
b)
issue of debt securities
0.00
0.00
0.00
0.00
c)
Other financial liabilities
0.00
0.00
0.00
0.00
d)
due to deliveries and services with maturity date:
15 784.76
25 264.97
34 763.59
72 243.57
-
12 months
15 784.76
25 264.97
34 763.59
72 243.57
-
over 12 months
0.00
0.00
0.00
0.00
e)
Advances received
0.00
0.00
0.00
0.00
f)
bills of exchange
0.00
0.00
0.00
0.00
g)
taxes, duties, insurance and other benefits
348,00
53,31
3 204.85
15 529.60
h)
of remuneration
0.00
0.00
1 227.15
1 500,00
and)
another
176.26
90 013.90
18,00
0.00
3.
Special funds
0.00
0.00
0.00
0.00
IV.
Prepayments and accrued income
0.00
0.00
0.00
1 700,00
1.
Negative goodwill
0.00
0.00
0.00
0.00
2.
Other accruals
0.00
0.00
0.00
1 700,00
-
Long-term
0.00
0.00
0.00
0.00 - Short-term 0.00 0.00 0.00 1 700.00 Total equity and liabilities 6 040 473.12 3 540 363.61 4 745 962.72 1 002 300.92

2.7 Consolidated profit and loss account of the Group of the Issuer (PLN)
Item 07.01.2015 - 09.30.2015 01.01.2015 - 09.30.2015 07.01.2014 - 30.09.2014 01.01.2014 - 30.09.2014
Net revenues from sales of products, goods and materials, including:
0.00
0.00
0.00
388 631.09
- from related parties
0.00
0.00
0.00
0.00
Net revenues from sales of products
0.00
0.00
0.00
388 631.09
Change in products
0.00
0.00
0.00
0.00
Cost of production for internal purposes
0.00
0.00
0.00
0.00
Net revenues from sales of goods and materials
0.00
0.00
0.00
0.00
Operating expenses
72 059.16
265 527.84
112 977.39
719 003.64
Depreciation
43 708.65
131 125.95
5 431.26
16 293.78
Usage of materials and energy
0.00
29.20
14.63
150 890.75
Foreign Service
25 552.80
125 014.12
61 367.22
487 288.86
Taxes and fees, including:
639,00
2 521,00
26 775,00
27 317,00
- excise tax
0.00
0.00
0.00
0.00
Wages and salaries
2 158.71
5 712.57
15 983.46
27 675.59
Social security and other benefits
0.00
0.00
1 385.36
1 851,00
Other costs
0.00
1 125,00
2 020.46
7 686.66
The value of sold goods and materials
0.00
0.00
0.00
0.00
Profit (loss) on sales
-72 059.16
- 265 527.84
-112 997.39
-330 372.55
Other operating income
0.50
1.71
0.90
440.67
Gain on sale of fixed assets
0.00
0.00
0.00
0.00
Subsidies
0.00
0.00
0.00
0.00
Other operating income
0.50
1.71
0.90
440.67
Other operating cost
0.09
1 361.07
0.45
2 456.39
Loss on disposal of fixed assets
0.00
0.00
0.00
0.00
Revaluation of non-financial assets
0.00
0.00
0.00
0.00
Other operating expenses
0.09
1 361.70
0.45
2 456.39
Profit (loss) from operations
-72 058.75
- 266 887.20
- 112 976.94
- 332 338.27
Financial income
0.00
0.00
- 1 804.43
10 198.36
Dividends and share in profits, including:
0.00
0.00
0.00
0.00
- from related parties
0.00
0.00
0.00
0.00
Interest, including:
0.00
0.00
1 876.81
1 879.04
- from related parties
0.00
0.00
1.73
115.25

Profit on disposal of investments
0.00
0.00
3 680.68
8 319.32
Revaluation of investments
0.00
0.00
0.00
0.00
Another
0.00
0.00
0.56
0.00
Financial costs
38,29
92 036.68
3 152.31
5 759.30
Interest, including:
38,29
896.68
1.73
115.25
- To related parties
0.00
0.00
0.00
0.00
Loss on disposal of investments
0.00
0.00
8 558.73
0.00
Revaluation of investments
0.00
91 140.00
0.00
0.00
Another
0.00
0.00
5 404.69
5 644.05
Profit (loss) from ordinary activities
-72 097.03
-344 812.92
- 111 629.06
- 327 949.21
Result on extraordinary events
0.00
0.00
0.00
0.00
Extraordinary gains
0.00
0.00
0.00
0.00
Extraordinary losses
0.00
0.00
0.00
0.00
Profit (loss) before tax
-72 097.03
-344 812.92
-111 629.06
-327 949.21
Current income tax
0.00
-285.00
0.00
0.00
Deferred income tax
-318.00
- 12 952.00
0.00
0.00
profit (loss) Net
-72 415.03
-331 575.92
-111 629.06
-327 949.21
2.8 Consolidated Cash Flow Statement of the Group of the Issuer (PLN)
Item 07.01.2015 - 09.30.2015 01.01.2015 - 09.30.2015 07.01.2014 - 30.09.2014 01.01.2014 - 30.09.2014
A. Cash flows from operating activities
AND.
Profit (loss) Net
-72 415.03
-331 575.92
-111 629.06
-327 949.21
II.
Total adjustments
31 171.30
202 805.95
88 970.34
499 699.65
III.
Net cash flow from operating activities (I + II)
-41 243.73
-128 769.97
-22 658.72
171 750.44
B. Cash flows from investing activities
AND.
Inflows
0.00
0.00
110 619.32
114 300.00
II.
Expenses
0.00
0.00
502 300.00
616 744.40
III.
Net cash flows from investing activities (I-II)
0.00
0.00
-391 680.68
-502 444.40
C. Cash flows from financing activities
AND.
Inflows
0.00
146 945.15
-92 949.56
0.00
II.
Expenses
0.00
0.00
0.00
0.00
III.
Net cash flow from financing activities (I-II)
0.00
146 945 `5
-92 949.56
0.00
D.
Total net cash flow
-41 243.73
18 175.18
-507 288.96
330 693.96
E.
Balance-sheet change in cash, including
-41 243.73
18 175.18
-507 288.96
330 693.96
- Change in cash due to exchange differences
-
-
-
-
F.
Cash and cash equivalents at beginning of period
64 873.52
5 454.61
526 989.25
350 394.25

G.
Cash and cash equivalents at end of period (FD), including
23 629.79
23 629.79
19 700.29
19 700.29
2.9 Consolidated Statement of Changes in Equity Issuer Group (PLN)
Item number. Item For the period 01.07.2015 - 09.30.2015 01.01.2015 - 30.09.2015 01.07.2014 - 30.09.2014 01.01.2014 - 30.09.2014
AND.
Share capital (fund) at the beginning of the period (BO)
3 248 891.44
3 372 851.46
813 878.19
1 030 198.34
- Changes in accounting principles (policy)
0.00
0.00
0.00
0.00
- Correction of errors
0.00
0.00
0.00
0.00
I.a
Share capital (fund) at the beginning of the period (BO), after adjustments
3 246 082.97
3 372 851.46
813 878.19
1 030 198.34
1.
Share capital (fund) at the beginning of the period
4 268 089.10
4 157 170,00
157 170.00
157 170.00
1.1
Changes in share capital (fund)
889 080.90
999 999.91
0.00
0.00
and)
increase
889 080.90
999 999.91
0.00
0.00
b)
reduction
0.00
0.00
0.00
0.00
1.2
Share capital (fund) at the end of the period
5 157 170,00
5 157 169.91
157 170.00
157 170.00
2.
Called-up share capital at beginning of period
0.00
0.00
0.00
0.00
2.1
Changes in called-up share capital
0.00
0.00
0.00
0.00
and)
increase (due to)
0.00
0.00
0.00
0.00
b)
decrease (due to)
0.00
0.00
0.00
0.00
2.2
Called-up share capital at end of period
0.00
0.00
0.00
0.00
3.
Shares (stocks) at the beginning of the period
0.00
0.00
0.00
0.00
Changing shares (shares) own
0.00
0.00
0.00
0.00
and)
increase
0.00
0.00
0.00
0.00
b)
reduction
0.00
0.00
0.00
0.00
3.1
Shares (stocks) at the end of the period
0.00
0.00
0.00
0.00
4.
Share capital (fund) at the beginning of the period
863 116.77
736 189.30
1 163 441.06
1 163 441.06
4.1
Changes in share capital (fund)
1 778 161.80
1 905 089.27
0.00
0.00
and)
increase
1 778 161.80
1 905 089.27
0.00
0.00
b)
reduction
0.00
0.00
0.00
0.00

4.2
State capital (fund) at the end of the period
2 641 278.57
2 641 278.57
1 163 441.06
1 163 441.06
5.
Share capital (fund) Revaluation reserve at beginning of period
0.00
0.00
0.00
0.00
5.1
Changes in share capital (fund) from revaluation
0.00
0.00
0.00
0.00
and)
increase (due to)
0.00
0.00
0.00
0.00
b)
decrease (due to)
0.00
0.00
0.00
0.00
5.2
Share capital (fund) from revaluation at end of period
0.00
0.00
0.00
0.00
6.
Other reserve capital (funds) at the beginning of the period
136 839.04
136 839.04
136 839.04
136 839.04
6.1
Changes in other capital (funds)
0.00
0.00
4 000 000.00
4 000 000.00
and)
increase
0.00
0.00
4 000 000.00
4 000 000.00
b)
reduction
0.00
0.00
0.00
0.00
6.2
Other reserve capital (funds) at the end of the period
136 839.04
136 839.04
4 136 839.04
4 136 839.04
7.
Profit (loss) brought forward at beginning of period
-1 895 193.45
-1 636 032.56
-643 571.91
-427 251.76
7.1
Profit brought forward at beginning of period
0.00
0.00
0.00
0.00
- Changes in accounting principles (policy)
0.00
0.00
0.00
0.00
- Correction of errors
0.00
0.00
0.00
0.00
7.2
Profit from previous years at beginning of period, after adjustments
0.00
0.00
0.00
0.00
and)
increase (due to)
0.00
0.00
0.00
0.00
b)
decrease (due to)
0.00
0.00
0.00
0.00
7.3
Retained profit at end of period
0.00
0.00
0.00
0.00
7.4
Loss brought forward at beginning of period
1 895 193.45
1 636 032.56
643 571.91
427 251.76
- Correction of errors
0.00
0.00
0.00
0.00
7.5
Loss brought forward at beginning of period, after adjustments
1 895 193.45
1 636 032.56
643 571.91
427 251.76
and)
increase
0.00
0.00
0.00
0.00
b)
reduction
0.00
0.00
0.00
0.00
7.6
Loss brought forward at end of period
1 895 193.45
1 636 032.56
643 571.91
427 251.76
7.7
Profit / Loss brought forward at end of period
-1 895 193.45
-1 636 032.56
-643 571.91
-427 251.76
8.
Net result
-72 415.03
-331 575.92
-111 629.06
-327 949.21
and)
Net profit
-
0.00
-
-
b)
Net loss
72 415.03
331 575.92
111 629.06
-327 949.21
c)
Deductions from net profit
-
0.00

II.
Share capital (fund) at the end of the period (BZ)
5 967 679.13
5 967 676.13
4 702 249.13
4 702 249.13
3. DESCRIPTION OF SIGNIFICANT ACHIEVEMENTS OR FAILURES OF THE ISSUER IN THE PERIOD FROM 01/07/2015 TO 30/09/2015 R. R. ACCOMPANIED BY THE MOST IMPORTANT FACTORS AND EVENTS, ESPECIALLY OF UNUSUAL NATURE, AFFECTING THE RESULTS
The Company and its subsidiary HydroPhi Technologies Europe Sp. with o.o In the third quarter of 2015. as well as to the date of this report, work and focused mainly on operations related to the commencement of commercialization of technology HydroPlant (developed by the company HydroPhi Technologies Group, Inc.) in Europe and raising capital for business development in this area (details in this regard are presented in Section 3.1 of this report).
Due to the early stage of development of the Issuer's Group in the field of technology commercialization HydroPlant in Europe, the Group has not started recording sales revenue on this account. Therefore, neither the Issuer nor its subsidiary did not record any sales revenue in the third quarter of 2015.
For recorded by the Issuer's Group consolidated net profit accrued for the 3 quarters of 2015. In the amount of approx. -332 Thousand. zl affected the running costs of the Issuer in the amount of approx. 266 thousand. zl, resulting mainly from the cost of external services and depreciation costs. The increased depreciation costs from the beginning of 2015. Stem from the need to depreciate by the Issuer's subsidiary HydroPhi Technologies Europe Sp. with o.o
3.1 Significant events during the reporting period and the date of publication of the report
The share capital increase through the issuance of series E shares
On September 25, 2015. The District Court for Wroclaw-Fabryczna in Wroclaw, VI Commercial Division of the National Court Register issued a decision on registration of the increase of share capital through the issuance of 8,890,809 shares of ordinary bearer series E
Accordingly, the Issuer's share capital currently amounts to 5,157,170.00 zl (5,157,170 zlotys) and is divided into 51,571,700 (51,571,700) shares with a nominal value of 0.10 zl (ten cents) each, including:
a) 1,000,000 (one million) ordinary bearer shares series A;
b) 571,700 (five hundred seventy-one thousand seven hundred) ordinary bearer series B;

c) 40,000,000 (forty million) ordinary bearer shares of series C,
d) 1,109,191 (1,109,191) ordinary bearer shares of series D,
e) 8,890,809 (8,890,809) ordinary bearer series E
The issue of series E shares was in the interests of the Company and was justified by the intention of gaining capital for development. The issue of series E shares was related to the fact that investors have not made a public offering of orders for all offered shares of series D and the company has not accumulated the planned amount 3,000,000.00 zl.
4. POSITION ON THE FEASIBILITY OF PUBLISHED FORECASTS FOR THE YEAR IN LIGHT OF RESULTS PRESENTED IN THE QUARTERLY REPORT FOR THE PERIOD FROM 07/01/2015 TO 09/30/2015 THE YEAR
Neither the Issuer nor its subsidiary did not publish financial forecasts for 2015.
5. DESCRIPTION OF COMPLETION OF ACTIVITIES AND INVESTMENTS OF THE ISSUER AND SCHEDULE OF THEIR IMPLEMENTATION, ACCORDING TO THE INFORMATION PROVIDED HEREIN IS FOR INFORMATIONAL - In the case of an issuer which does not reach REGULAR SALES FROM OPERATING ACTIVITIES CONDUCTED
Not applicable. The Issuer is not presented in its description of the Information Document referred to in § 10 paragraph 13a) Exhibit 1 to the Alternative Trading System.
6. INFORMATION ABOUT THE ACTIVITY OF THE ISSUER FOR THE TAKING IN THE DEVELOPMENT ACTIVITY ON THE INTRODUCTION OF INITIATIVES ORIENTATED SOLUTIONS INNOVATIVE ENTERPRISE

Information about. Activity of the Issuer's Group to take in the area of ??business development initiatives focused on introducing innovative solutions in the enterprise are set out in Section 3 of this report.
7. INDICATION OF THE GROUP CAPITAL AS AT 30 SEPTEMBER 2015
As at September 30, 2015, the Issuer was the parent undertaking of one company - HydroPhi Technologies Europe Sp. with o.o Below are some basic data on the Issuer's subsidiary.
Table 1 - HydroPhi Technologies Europe Sp. with o.o
Business:
HydroPhi Technologies Europe Legal form: Limited liability company
Headquarters:
Wroclaw Address: Square Silesian Insurgents 1st place. 201, 53-329 Wroclaw
Share capital
Zl 5.000,00 Business: Implementation and sale of technology HydroPlant on the basis of exclusive rights to use the technology in Europe Issuer's share capital: 100.00% Issuer's share in the total vote: 100.00%
Source: The Issuer
Consolidation of financial statements:
Issuer's Management Board has decided to consolidate the financial statements of the Issuer with the financial statements of its subsidiary HydroPhi Technologies Europe Sp. with o.o after analyzing financial data HydroPhi Technologies Europe Sp. z oo, which after the initial consolidation proved to have a significant outflow on the financial, property and business of the Issuer. Consolidation has been applied starting from the second quarter of 2015.

Unfortunately no (as far as I know of).



A number of posters have tried to make contact with the ceo and with IR only a few of them got a standard answer back, very unsatisfactory!

An other disapointment a reschedule of SeeTrue Equity post#7912 advancedneophyte.

However the 10-Q is overdue and will be published at any time this week maybe that sheds new light on the case.

Also look at the sticky post#7036 4on4off where is this money used for?



Take in account that not all their technology is patented. The ceo mentioned something about it in the past in one off the videos. You can try to contact the ceo: rms@hydrophi.com, some members of the board you can also find on social media (LinkedIn).

The patent:

http://www.freepatentsonline.com/result.html?sort=relevance&srch=top&query_txt=US20150040844+A1&submit=&patents=on

Positive test results achieved by PIMOT and UNAM.

http://en.pimot.org.pl/
https://www.unam.mx/

Ask dr. Arón Jazcilevich Diamant about what he thinks of HydroPlant™. He did the testing by the UNAM.

"HydroPhi Announces Positive Results of Test Program in Mexico City
Posted on October 14, 2014
60% Reduction in Particulate Matter on Buses Using HydroPlant™

Atlanta, GA – HydroPhi Technologies Group, Inc. (OTCQB: HPTG) (“HydroPhi”), a developer of water-based, clean energy technology that delivers improved fuel economy and reduced greenhouse gas emissions, today announced results from testing performed by Dr. Arón Jazcilevich Diamant at the Center for Atmospheric Sciences, at the National Autonomous University of Mexico (“UNAM”). UNAM is a public research university in Mexico City, Mexico, and is the largest and most recognized university in Latin America. The testing demonstrated reductions in exhaust particulate matter of up to 60% on buses using the HydroPlant™ system, compared to route buses that did not use the system. Additionally, there were significant reductions in other emissions such as CO2, CO, etc."

"Brussels already knew in 2011 of fraudulent software VW
From our DFT editorial
AMSTERDAM -

The European Commission knew already in 2011 that auto makers fiddled with the software engines to achieve better emissions testing. European whistleblowers eventually tipped the US regulator that got the scandal rolling.

The German weekly Wirtschaftswoche reported Friday.

According to the magazine European officials were so frustrated over the EU's reluctance to deal with the carmakers, they shared their tips with US regulators.

In late October also reported the Financial Times all that top officials of the European Commission had earlier warned that the test for emissions measurements were not waterproof.
Text above is translated with Google translate
http://www.telegraaf.nl/dft/nieuws_dft/24738554/___Brussel_wist_al_in_2011_van_sjoemelsoftware_VW___.html

http://www.telegraph.co.uk/news/worldnews/europe/eu/11892782/Volkswagen-scandal-Europe-warned-four-years-ago-that-car-makers-were-rigging-emissions.html

http://ih.advfn.com/p.php?pid=nmona&article=69292218

Now even though flu viruses? I was aware of HIV, Ebola and Marburg, but this is a positive surprise for me. A very versatile technology!

Brewer Group Conference Video see sticky 23.11 min.

Debt free 145 units a month = 1740 units a year totally self sustaining.

Brazil fines Volkswagen $13 million over emissions scheme

https://www.washingtonpost.com/world/the_americas/brazil-fines-volkswagen-13-million-over-emissions-scheme/2015/11/12/2ebc2a7c-895d-11e5-bd91-d385b244482f_story.html

At 11/7/2014 the pps was $ 0.14 A/S 103,050,409
http://www.sec.gov/Archives/edgar/data/1496741/000151597114000363/hptg10q063014.htm

His shares would be worth than $ 1,828,914 owning more then 10 percent of the company.

ENERGIA VEHICULAR LIMPIA S.A. de C.V. has a licence in Brasil. The production doesn't necessarily have to been done by Hydrophi. They can instruct a company how to assemble the Hydro Plant which makes the production perfectly scalable.

That would be a dream come true.

Tommorrow looks good: short term strong bullish fibonacci.
http://www.stockta.com/cgi-bin/analysis.pl?symb=HPTG&cobrand=&mode=stock

I took out the 30.

You know what I think is shady? NITE has the exact same buy order as I: same bid price, size and even the same time.

http://steconference.com/

Crescendo is a silver sponsor, it probably means nothing. But why would they if they have no business there?

Diesel gate: Tip of the iceberg?

Germany test also foreign cars

BERLIN (IN) -

Germany imposes strict controls on diesel vehicles, including cars from foreign manufacturers. That the German Minister of Transport Alexander Dobrindt said Saturday.
The minister said this in response to the latest disclosure in the diesel scandal at Volkswagen. The German automaker said Tuesday that an additional 800,000 vehicles ,, inexplicable contradictions '' exhibit carbon dioxide emissions.

,, We are currently working with strict controls on diesel vehicles from other manufacturers, including foreign, '' Dobrindt told the German newspaper Bild.

Emission

In September, VW announced that worldwide, 11 million cars were equipped with software to manipulate emissions. Then it was the emission of nitrogen dioxide. The vehicles seem therefore more environmentally friendly than they actually are.

Dobrindt further said that the European Union is working on the development of severe tests for emissions, where the cars not only in the laboratory but also will be tested on the road.

Used google translate (see text above and link below)
http://www.telegraaf.nl/dft/nieuws_dft/24711357/__Duitsland_test_ook_buitenlandse_auto_s__.html

http://berlin.angloinfo.com/information/transport/vehicle-ownership/vehicle-roadworthiness/

It would be great if an analyst would start following this ticker.
And of course the obvious decent P/O required to be obtained and this ticker will be launched like a rocket.

Exactly, the hard and difficult part has been done. One decent P/O will proof for once and for all that this is a real company with a product the market has been waiting for. From than on sales has it easier to obtain new P/O's IMO so why O why would anyone (after a pr of a decent P/O) sell their shares?

The initial test P/O of only 100 Units (of the potential of 2750 units) made the pps go to 0.03, and that's nothing for a P/O.

Probably, they are experienced traders themselves and know how to play the game.

Closed at .0025 aftermarket.

diesel gate latest updates:

http://www.nydailynews.com/autos/news/porsche-suspends-sales-scandal-embroiled-cayenne-diesels-article-1.2422965

http://www.bbc.com/news/business-34712435

diesel gate latest updates:

http://www.nydailynews.com/autos/news/porsche-suspends-sales-scandal-embroiled-cayenne-diesels-article-1.2422965

http://www.bbc.com/news/business-34712435

Just got the S/S from the T/A:

Authorized shares: 600,000,000

Shares outstanding: 366,872,597

Float/DTC position: 272,107,471

4on4off post#6915

NOx is a serious health tread. It's known to me it can cause lung disease. I've leared from diesel gate that the increase of the temperature of exhaust fumes increases the amount of NOx. I've made several posts about it in the last month or so in which this is explained (in a picture with text). The HydroPlant gives 4.6 percent reduction of NOx as I posted you it's in the link of the movie which explains the workings of HydroPlant by "Emission drops". I have to admit it is not very impressive but still though all the little things help in the strugle for healthier air. Thanks for your replies!

"What happened ?"


"What an orchestrated walk down!"
easyme Post#7498

This is at least the third time this happened in the after market. This can only be a MM right?