Charbone = PaperI haev looked at this stock; their prospects, financials, funding adn all recent news.
As far as I can tell, this company has $600K in the bank after the last fundraising at $.12. They "hydrogen Park" in Tracy QC does not appear to haev started construction, or it is stalled (thank to teh poster who gave up the 411 on that).
The company, with not enough money, has decided to pivot to hydro power. They have bought a 700kw (VERY small) generating station, and have negotiated a deal to buy 3 more similarily sized generators for $3.5m - they do not have the fund to buy these generators yet.
The deal is to buy them from a "Canadian Family" - I wonder who this family is and what their relationship to the Charbone the compnay is; I woudl need to ensure that this was not an insider deal before I commented on the fact thjat I think they are overpaying for the aste (trouble here guys).
This is not an investment I woudl make. An $8M market cap for a compnay of this size does not make any sense to me. Expecially if they cant even build their flagship asset - the green hydrogen project in Sorel.
Oh - they did just LEASE 3 new cars in montreal......lol.
This is a stay away for me. Happy to discuss sensibly if yuo feel I haev missed anything of importance.