Potential Scam Alert: Hydrogen Hybrid Technolgies
Another month, another fine stock promotion attempt via snail mail. I've been getting these glossies for a while, and these days, the jerks sending them make sure to use names that don't appear anywhere on the Web, and they lay off the contact information -- probably because the earlier scam fliers drew phone calls from people like me. In fact, on an early one of these, I called the outfit that printed them for the pumper/dumpers, told them what the flier was for, and they all but told me they wouldn't be taking that kind of business anymore.
This one claims great things for a nearly-revenue-free wonder that's going to sell "electrolysers." The company is "Hydrogen Hybrid Technolgies," not yet rateable in Caps. Pity.
This is a bogus " new technology" that claims to reduce fuel comsumption by huge levels. Some guy even called Car Talk about something similar a month ago and they laughed him off the show. It plays on peoples' unhappiness with gas prices, and promises them better mileage and fewer emissions by splitting water into oxygen and hydrogen, then throwing these into the engine. No mention of the amount of energy it takes to actually split up water, of course.
As with all free ride tales, this one smells bad from the start if you know anything about science at all, like past 4th grade, you know, the whole thing about getting energy for nothing here on earth... Unfortunately, too many people don't. If you think you can run a car on water, or improve a car's mileage by adding on-the-fly-splite water to the mix, I've got a bridge to sell you, and a crummy stock, too.
This time around, some non-existant (as far as any Web Search can show) company called "Green First Capital paid the pamphleteers -- who call themselves "Global Energy Investor" this time around -- nearly $4 million to try and pump this company. Oh, and the fine print warns you that the mouth-breathers sending this stuff to people's homes will go ahead and sell whenever they want... No suprise there.
So, there it stands: more than $200 million for a company that shows far less than $1 million in revenues.
Here's the awful income numbers for the TTM
Best of all? Everyone and their uncle is peddling similar aftermarket junk, and people have been selling the same kind of junk for decades.
HYHY CFO T.J. Jesky appears to be one of those Nevada penny stock types:
He's also involved with this outfit: IVPSA Corporation focuses on producing medical device products. It has an option agreement with the Cleveland Clinic, to investigate and conduct due diligence with respect to the commercial viability of the licensable technology, which consists of a central line catheter with the ability to access the jugular bulb. The company intends to license, market, and sell medical device products through drug wholesalers, hospitals, clinics, and health maintenance organizations. IVPSA Corporation was founded in 2006 and is based in Henderson, Nevada.
The CEO's Bio on Capital IQ lists a bunch of companies which don't appear in Capital IQ, which seems odd. He is also the president, secretary and director of this outfit:
Brisam Corporation does not have significant operations. It is assessing various options and new business strategies. The company, formerly known as Peripheral Connections, Inc., was founded in 1990. It changed its name to Skynet Telematics, Inc. in 1998; to Skynet Telematics.com, Inc. in 2000; and again to Skynet Telematics, Inc. in 2002. Further, the company changed its name to Brisam Corporation in July 2007. Brisam Corporation is headquartered in Guildford, the United Kingdom.
Full bio reads:
Ira Lyons serves as Chief Executive Officer and President of Hydrogen Hybrid Technologies, Inc. Mr. Lyons served as Vice President of Market Development of Exxecom Technologies / Xccept Systems from November 1999 to September 2003 and served as Vice President of Northern Communications Group Inc. from 1997 to November 1999. Mr. Lyons served as Executive Vice President & Chief Operating Officer of ES-TX Distribution Inc., Packard-Edison Computers Inc. and NetGlobe Access Centres, from 1995 to 1997. Mr. Lyons served as Senior Vice President of AX.s Communications Group, from 1993 to 1995. Mr. Lyons was a Partner of The Rally Group, from 1991 to 1993, President of Wickets Tickets Inc., from 1987 to 1990, Executive Vice President of Treats International Enterprises Inc. From 1990 to 1991 served as Executive Vice President & General Manager of Treats Inc. from 1979 to 1987, Vice President of Administration & Development of Tiffany's Bakery Inc., from 1971 to 1979. Mr. Lyons serves as Director of Hydrogen Hybrid Technologies, Inc. Mr. Lyons is an independent telephone directory publisher with complete in-house ad production and pagination capabilities, producing "the Gold Book" Telephone Directory. Mr. Lyons studied at University of Toronto, Innis College Main Campus from 1968 to 1970; U of T Extension, Business Administration & Accounting in 1974; OMBA, Mortgage Broker's License in 1989, Seneca College, OREA Real Estate License in 1993; Graduated from W. Lyon McKenzie Secondary School in 1967.
No idea if the fine folks at HYHY are part of this glossy, snailmail pumping scheme, but they're certainly a loquatious bunch, publishing gazillions of press releases touting great wins like:
Hydrogen Hybrid Technologies Inc. Takes Over Hydrogen Product Testing for Military Markets
Hydrogen Hybrid Technologies Announces MOU for Korean Market
Hydrogen Hybrid Technologies announces Portugese initiative
Something smells really bad here, folks. Get your red thumbs ready.