- $650 Million Market Cap with <$30k of LTM Revenue
- We Visited its Purported Vancouver HQ; the Company Was Nowhere to be Found
- Key “Customer” is a 6-Person Sri Lankan Start-up That Will “Partner With Anyone”
- Former CEO Quit and Scrubbed his LinkedIn
- Current CEO Used to be an Executive Assistant at Crypto Mining Co.
- Paid Stock Promos & Colorful Cast of Canadian Characters
Fuzzy Panda Research is calling BS on HydroGraph Clean Tech ($HG.CN / $HGRAF).
Today, we posted an X/Twitter thread outlining our thoughts on HydroGraph Clean Tech ($HG.CN / $HGRAF). HydroGraph is a Vancouver-based stock promotion that we think is worth shorting if you are lucky enough to be able to find borrow.
We visited the HQ and found a bunch of crappy mining companies there. But no HydroGraph.
The former CEO quit and wiped the company’s name from his LinkedIn. Meanwhile, a key customer appears to actually be an underfunded Sri Lankan start-up.
Yesterday, HydroGraph had a >C$650 million market cap despite a mere ~C$27k in LTM revenue, and we believe the stock price went up >10x due to paid stock promotions.
See all the reasons why we think you should beware HydroGraph Clean Tech’s hype on our X/Twitter thread.
Fuzzy Panda Research thinks HydroGraph Clean Tech ($HG.CN / $HGRAF) smells dirty.
Fuzzy Panda Research and Fuzzy Panda “Affiliates” may be short securities of HydroGraph Clean Tech ($HG.CN or $HGRAF) as of the time of our original X/Twitter thread. We have no obligation or plans to update our disclosure in the future. Please see additional disclosures at the end of report and in our terms of service.
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