I am with you on that one.
Compare your 10-K text with that of –(Marketwired – January 22, 2015) "Roger M. Slotkin, CEO of HydroPhi, stated, “With this sizable purchase order, we have now moved from a development stage company into full commercialization. We are particularly excited about the potential scope of this relationship with Rutas given their plans for broad deployment. We are appreciative of the help and support of our distribution partner, Energia Vehicular Limpia, which helped to secure these purchase orders and will assist with the commercial deployment. Looking ahead, we plan to work closely with Rutas and Energia to introduce our technologies in other major cities throughout Mexico and Latin America. There are similar private bus route associations located in most major cities through Mexico with buses numbering in the thousands.”"
... and you get the feel of an entirely different enterprise. I think your text is a disclaimer and mine a sales pitch.
Never the less there are a number of things starting to look real fishy for my gut feeling.
