HyPower Fuel, Inc. (HYPF)

[NHred]

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.