Replies to post #20524 on HydroPhi Technologies Group Inc. (fka HPTG)

[greenmachine2]

Thanks for the reply, I agree.

[WealthWithoutGreed]

We should get our first (albeit forced) glimpse of the annual miles driven by our trucking company by the end of this March thanks to the FMCSA filing requirements. Our DOT# 1848543 ends in 3 giving it a March 31st deadline.

"Biennial Updates
Federal Motor Carrier Safety Administration (FMCSA) requires all entities under its jurisdiction to update their information every two years. You are required to provide this update every two years even if your company has not changed its information, has ceased interstate operations since the last update, or is no longer in business and you did not notify FMCSA.

Failure to complete a Biennial Update will result in deactivation of your USDOT number and may result in civil penalties of up to $1,000 per day, not to exceed $10,000."

https://www.fmcsa.dot.gov/registration/updating-your-registration

The last update was in 2015 when 13.2 million miles driven, according to FMCSA website, generated $26.7 million in revenues according to 2015 financials. https://seekingalpha.com/filing/2788243