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dynaCERT Inc T.DYA

Alternate Symbol(s):  DYFSF

dynaCERT Inc. is a Canada-based company, which manufactures and distributes carbon emission reduction technology along with its proprietary HydraLytica Telematics. It is engaged in the design, engineering, testing, manufacturing and distribution of a patent pending transportable hydrogen generator aftermarket product. Its HydraGEN Technology uses simple electrolysis to turn distilled water into hydrogen and oxygen gases that are produced on demand. Its technology is designed for use with many types and sizes of diesel engines used in on-road vehicles, reefer trailers, off-road construction, power generation, mining and forestry equipment. Its products include HG1B, HG2R, HG6C, and others. HydraLytica Telematics, a means of monitoring fuel consumption and calculating greenhouse gases emissions savings designed for the tracking of possible future carbon credits for use with internal combustion engines. It serves various industries, including trucking, construction, mining and others.


TSX:DYA - Post by User

Comment by Hejhogon May 29, 2023 3:25pm
114 Views
Post# 35469139

RE:RE:RE:RE:RE:DYA Inflection Point

RE:RE:RE:RE:RE:DYA Inflection Point"During the year ended December 31, 2020, the Company advanced $1,020,293 (US$725,000) to KK as a note receivable. The note bears interest at 10% per annum calculated monthly and matured on December 31, 2021. The fair value of the loan on the date of purchase was determined to be $750,522, and the fair value of the investment in associate was determined to be $786,249. During the year ended December 31, 2021, a full loss was recognized on the investment."

Who was the conduit for a million bucks going from DYA to KK?

"In July 2021, the Company acquired 20% of the shares of Galaxy Power Inc. ("Galaxy Power"), a private Canadian corporation for $250,000, as the investment represents a 20% holding in issued and outstanding common shares of Galaxy. Two directors of the Company are also directors in Galaxy Power, however the Company has accounted for the investment in accordance with IFRS 9 as the Company does not have significant influence over the investment. The Company has fully impaired its investment in Galaxy Power as of March 31, 2023."

Who was the conduit for a quarter mil going to Galaxy Power? 
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