I think there is a difference beween the estimated revenue ~27M in a press release or SEC filing can't remember which of the merger deal. But it was the revenue which was ~27M of Pro Star in 2014. At the end of 2015 Hydrophi Technologies Group and Pro Star had combined a heavy debt and probably a negative cash flow and a bare minimum of assets. So the fact that the shareprice value was so low had everything to do with the company value.
Because there is no objective information source informing us shareholders about the stuff we should be able to read in the annual financials I don't know the slightest bit about whether the company is trifing or broke. I anyone has hard proof please do share this with us.
I.M.O this ceo is a very dishonest person who doesn't care for his employees nor his shareholders.
If in the future he wants to go public again with for instance a different entity he would have a very hard time doing so. He was a negative past now with the SEC.
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