My opinions and speculation is based on this portion of the last 8K by the company.
Item 1.01. Entry into a Material Definitive Agreement.
Item 2.01. Completion of Acquisition or Disposition of Assets.
Effective December 27, 2016, HydroPhi Technologies Group, Inc. and HydroPhi Technologies, Inc. entered into an agreement with HydroPhi Group, Ltd to transfer and dispose of the intellectual property developed and integrated by HydroPhi Technologies, Inc. related to the “HydroPhi” process of water gasification. This action effectively exits HydroPhi Technologies Group, Inc. from the retrofit market, and focuses the company on the ground freight logistics business.
After that restructuring was completed, the next step would be to do a financial audit to show company financial status without the Hydro-Phi portion of the company. That could be kind of time consuming because of the earlier disposal of the European Division and the settlement agreement of debt. End of March for an Annual Report (audited) sounds about right to me and in line with when that report is due.
WE MUST ALL REALIZE THE DIFFERENCE BETWEEN HOPE & EXPECTAION BASED ON GIVEN FACTS.
