Press Release is Laughable!Now as per usual, the devil is always in the details, BUT,this is dynaCERT, so there aren't any!
Anyone considering this "Opportunity" should consider the following.
As per the excerpt below, you would be handing over your hard earned Cash to Payne et al, for no less than 5 years (with no redemption options) after which any possible return on that investment would be based solely on dynaCERT's ability to make sales which supposedly would generate Carbon Credits sufficent enough to provide the redemption.
This is worse than investing in CRYPTO. Can you find the ASSETS?
Each Carbon Credit Convertible Note is priced at $1,000 (Canadian) with a maturity date of ten (10) years after the date of issue. Commencing at the fifth (5th) anniversary after the date of issue, the Carbon Credit Convertible Notes will be convertible, at any time thereafter, at the option of the holder, into Carbon Credits generated by dynaCERT’s proprietary HydraGEN™ Technology.
This is coming from a company that can't make a product that will last more than 6 months. How could they possibly expect 5 or ten years!!!
And let's not forget that nobody (AND I DO MEAN NOBODY) can tell you what carbon credits will be worth 5 or 10 years from now!
AND
Here is the real kicker.....
The net proceeds of the financing shall be used by the Company for working capital of its currently available HydraGEN™ Technology business and fulfill timely delivery of sales of its products and to expedite current and new potential deliveries globally, including to Europe, Australia, North America and South America, Asia and the Middle East and for Research & Development of its previously announced AEM Electroliser innovations, designed to serve the Hydrogen Economy with high pressure, high volume Green Hydrogen. There may be circumstances, however, where, for sound business reasons, a reallocation of funds may be necessary.
The above means, that the company does not have enough credibility to "borrow" against the orders they claim to have. No Bank will touch them.
Customers will not provide deposits to the extent needed to cover the COGS
But at the end of the day...... who in their right mind thinks they can build High Pressure High volume ELECTROLYZERS? They can't build HydraGENS for God's sake! And just how many companies around the world do you think are going after the same market? Can you say HUNDREDS?
And if you are going to build anything you should at least know how to SPELL THE PRODUCT YOU CLAIM TO BE BUILDING!!!
Desparate People will Do Desparate Things. This is nothing more than an elaborate scheme to keep Payne et al in the lifestyle to which they have become accustomed,
BUT There is a sucker born every 30 seconds...... Shameful