Regardless of what happened to Comex, if they placed an order, they're liable for all costs associated with that order, even if they back out or someone else buys the company.
In the event PPG bought Comex out (as you "think"), that wouldn't change the need for the purchased product. 99.999% of the time, when one company buys another company, their contracts/customers/clients come with it. That's usually the biggest reason why one company buys another. If HCTI had a legitimate order from Comex, PPG would still need it filled for whatever purpose Comex needed it for.
Admit it. It was a huge fake carrot purchase order being dangled, and nothing more. No doubt, it also facilitated the selling of millions of new shares at a premium, too.
Fast forward to F500 company dangling carrot and hundreds of millions of new shares.
Still not squat on the revenue line, and not squat worth of new assets to show for it, either.
Dilution is fine if it's accretive.
It's an ATM when it's not.
FWIW: This is the o/s around the time of HCTI's first (supposed) "purchase order".
8,784,283 shares of the issuer’s common shares, par value $0.001 per share, were issued and outstanding as of August 14, 2013.
With 700M new shares issued since, don't you think HCTI should be able to show some serious revenue, or have a few hard assets?
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