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Bender and his partner were fined 50K and banned for 5 and 10 years respectively from stocks by the Canadian securities exchange in 2014. They misrepresented the stock with fake news articles and claims.
Did Bender end up going to jail?
Dougie was always a turd.
Shocker.
The company was a badly put together scam
http://www.menafn.com/menafn/d57df0fd-307e-4082-94af-5944c4353b80/ASC-alleges-misleading-and-untrue-statements-Hypower-Fuel-Inc?src=main
Well at least he didn't post the fake financials this time .. ;)
A PR that says very soon we'll tell you something about the companies we have been talking to.....
Don't cash any checks yet
Sorry guys writing was on the wall for a while with the PR's last year. Hope you can get the tax write off.
The stock is dead........
Bender's probably shorting his own stock at this point. This company has no products to buy, its "testimonials and data" links don't work and the site has pretty pictures that aren't relevant. Add in a few Pr's that name nothing specific, some non audited financials that a 12 year old could do and what do you get... HYPF
Guess Dougie's windows 98 me pc broke and lost his vaunted 3rd quarter non audited filing.. Guess He's dumping shares to buy a new windows 7 laptop..
Slowly dying off..
I actually said .01 If it was a subpenny then bender dumped all his shares and shorted his own stock. Which may still happen.
This is going to get dinged to death.
Actually other than some fluffy PR's with no specifics contained the company has done nothing. The fins they released weren't audited either..
The last PR was a classic non-info pr. I wouldn't be surprised if bender is shorting his own stock at this point.
Two weeks under a penny is my guess
Let the dumping begin...
News out... Don't get too excited
HyPower hereby reports that it's second Target Companies(unnamed) (TC2) has for some time retained the services of a leading engineering consulting firm(unnamed) that is an international leader(unnamed) in the design and development of rotating machinery dynamics, seals and bearings. They offer exceptional expertise in advanced rotor dynamic technologies and their engineering software is used by large corporations(unnamed) worldwide.
http://finance.yahoo.com/news/HyPower-Fuel-Announces-TC2-iw-3617716967.html?x=0
I hope their IR guy gets paid in Twinkies because this ain't worth much more than half a box of them.
So much for the buzzzzzzzzzzzzzzzzzzzzzz
Done it twice now in last 3 years.
Company will dump shares to pay for it and then run the o/s to 1 billion and do another R/S. Used to be a good company avoid like the plague
I think this going to flatline. When there is nothing to talk about after those vague Pr's so know there is trouble in paradise
This stock is slowly dying a drip of a 1000 deaths
He's selling to pay for his newest venture. Actually I think he ran the price to .05 cents and has been shorting it himself. The guys gotta make a living..
New trend paint the ask just before close after dumping all day. This is a organized sell off. Wonder if dougie is selling all he can before he closes the shop.
Somebody painted the ask at closing. The rest was sold at bid. Somebody is dumping.
Starting loading up marty. The .02's are up next are the .015's
This is slowly getting walked down. Any guesses on the floor. I say this bounces at .015 and the floor get reset at .02
I have no faith with Dougie. I got lied to a few years ago about this stock by a person "in the know". Every since then I pretty watched this stock to see what this would turn into. There isn't much here. If they had everything they said it would be available and transparent. This wouldn't be a pinksheet either bare minimum would be OTCBB. The so called fins are a joke. They explain nothing and offer no information. The PR's are vague pieces of fluff. What you got is a over valued shell that survived because of the lack attention it has. Honestly surprised its not shorted to triple zero out of Canada.
HyPower hereby reports that it has established protocol and logistics associated with releasing verifiable information regarding the Air Power technology underlying its second Target Company (TC2).
You really can't make this stuff up. I did call it though a vague fluffy PR.
http://finance.yahoo.com/news/HyPower-Fuel-Announces-Air-iw-3593804190.html?x=0&.v=1
well since the vaunted non-compliance fins were released its dropped 20%. Can't wait for a a vague fluffy PR to drop it another 20%
slowly working its way down.
Convertible Debt notes
The convertible notes payable are secured by the Company’s inventory and capital assets, bear
interest at rates from 4% to 10% per annum and become due and payable at the discretion of the note(Who owns them???)
holders on or before April 30, 2005. The notes are convertible into the common stock of the
Company at various rates as agreed upon with the note holders. Advances payable are unsecured
and bear interest at 10% per annum. Some of the interest was waived by the holders during the year.
Sorry to burst you bubble folks but the notes are probably held by bender who sells shares when he needs them.
Another Gem of a filing
During the year, the company entered into a $5,000,000 development agreement with a consortium(UNNAMED)
for the completion and commercialization of technologies. The agreement is a draw down facility
available when the Company undertakes a large commercial project. Interest on the facility, if any,
will be calculated at LIBOR plus 2%. The consortium alternatively has the right to provide funds as
a Joint Venture partner in the commercial project. The Company anticipates activating the facility in
the coming year(AKA We actually don't have anything).
So they have an unknown entity that will give them 5 mil (USD or CAD??) for a project yet to be named... You really can't make this stuff up... oh wait you can.
Actually you should put a big 0% the fins aren't audited or compliant.. Dougie B could've said they made 50 million of in sales to a unamed company and it would have passed the bender's level of compliant audited fins LOL
They bought back 3 million shares out of 343 million to da moon lol
Oh what a joke non-audited non compliant financial again. A 5 mil dollar deal with a consortium(un-named). No listing of C/D holders. I love this line "I have relied upon individuals with professional accounting designation for the preparation of these financial statements" And who may they be??? Must be his 2nd cousin 3 times removed. The buyback was 3 million shares .8 % of the O/S ....hahahhahaa We got a winner folks To da moon!!!!!!!!!!!!!!!
The stock will dribble down to .01 cent. The IR guy was stupid to say anything that wasn't backed up in short order with a PR. Now he basically shot himself in the foot. If you aren't going to PR what you say you on the phone you might as well talk about Rainbows and Unicorns on the phone.
In order to uplist they need to announce they hired an auditor and release that as a PR. They haven't done that hence the fins won't be audited and there won't be any information.
I wonder out loud where the vaunted audited fins and marty responds back asking where they are... He's the one claiming they were coming out. Maybe bender's Windows 98 finally crashed and so went the audited fins....hahahahhaha