People on this board who are speaking negatively of HFCO are failing to bring up the existence of the patents and also the fact that Hydra Fuel Cell was never a scam to begin with and had legitimate technology. They were about to begin production before they were hit with the ReliOn lawsuit. The patents are still there, and the company is raising money. I do not think they are in any position to be the "next Plug Power" nor do I think they would be profitable for a long time because they need to use the new money to continue production and hire more employees, but let's just say Plug would throw down some money to buy them out if they believed that HFCO could become any kind of a nuisance whatsoever down the road. Though I recognize that this scenario is extremely unlikely and I do not mean to speak falsely or "pump", but who knows, maybe they are raising money to afford the legal fees to go after Plug for patent infringement.
I will admit I formerly thought this was a complete scam. It appears to be in every possible way on the surface, but do some further digging, and go farther back in time, and HFCO really starts to look a lot like Plug. Had real tech, got hit with a major lawsuit (note that Plug lost theirs, whereas Hydra won...), and now are raising money for production. Go back to the Plug message boards when it was trading at 14 cents... "scam!" "these guys are crooks" "they will never have anything to sell" etc. etc. But they had the plant, the patents, and raised some money, and now they are making multi-million dollar contracts with names like Walmart.
If HFCO begins to start production with the new money, they will not become the "Hydrogen kings". But they are based in Houston, and could very easily capture a small percentage of the budding Hydrogen market.
Just something to think about.
