Hydrograph’s Delusional Investors
NIA continues to believe Hydrograph Clean Power (CSE: HG) has the most delusional shareholder base in history… and we are more convinced than ever that HG is the modern day Turbodyne Technologies (TRBD).
TRBD gained by 15,000% in 42 months from $0.10 in October 1992 to a high of $15 in April 1996.
TRBD declined by 86.67% in 22 months from $15 in April 1996 to a low of $2 in February 1998.
TBRD gained by 756.50% in 5 months from $2 in February 1998 to an all-time high of $17.13 in July 1998, fueled mostly by news on April 7, 1998, of the U.S. Environmental Protection Agency (EPA) certifying a Detroit Diesel Corp. emission upgrade kit, which incorporated the Turbodyne Technology through the use of a Turbopac(TM), as an acceptable solution to reduce emissions of diesel buses under the EPA's Urban Bus Retrofit/Rebuild Program.
TRBD crashed by 80.88% in 1 month from $17.13 in July 1998 to a low of $3.25 in August 1998, after short seller Manuel Asensio issued a report saying, "Investors may be buying shares of Turbodyne Technologies, Inc. believing that the earnings potential of its Turbopac and Dynacharger products are worth significantly in excess of the company’s approximate $700 million market capitalization. There is no factual or reasonable basis for this belief. In fact, we believe this false perception has been purposely cultivated by management in order to defraud investors. Turbodyne does not possess any patents on any ignition, combustion, fuel or intake design or product that offers engine manufactures any new technology in emission reduction or power output. The Turbodyne technology, which was acquired for stock worth less than $500,000, is merely a supercharger that is driven by an electric motor instead of a belt. In the last five years, Turbodyne has claimed deals with 12 different companies in over 14 different countries. No manufacturer has ever incorporated a single Turbodyne product in a new engine or vehicle."
TRBD was halted on January 20, 1999, and when trading resumed on May 3, 2002, it declined by 93.17% in 1 day.
Yesterday, Hydrograph Clean Power (CSE: HG) announced, "HydroGraph Receives US EPA and UK REACH, and EU REACH Regulatory Clearances for Commercial Scale Graphene Sales Activities".
HG was $0.22 per share seven months ago and despite no product sales and questionable partnerships with unknown companies… the stock has gained by 2,731% to a new all-time high yesterday of $6.23 per share reaching a $2 billion+ market cap using exactly the same type of meaningless EPA clearance hype that Turbodyne used!
Why hasn't a single shareholder ever demanded that they do a live demonstration of their explosion process producing graphene in real life? All they put out is constant slide decks and presentations with wild claims, but no proof that anything works in real life… and investors use "share price keeps going up" as proof it is legit.
This is exactly like Tether (USDT) and how it must be fully backed because it hasn't gone bust yet!