Q: What are your thoughts for the future of Hydrograph Clean Power Inc.? It seems to have had a meteoric rise lately. Would you buy in now or is it too late?
5i Research Answer:
HG has had some minor positive news of late, and has announced a $30M financing, but it really still is a FOMO trade and a big promotion on the stock that is attracting interest. It does have potential, but at a $3 billion valuation on no sales and just $20M in assets we have to express caution. We would not chase this.