Now what These are some serious allegations about a company that's just gone public, but it's always prudent to take short-seller reports with a grain of salt while you do your own due diligence.
For example, I quickly checked Hyzon Motors' February investor presentation and found the company claimed only to be in advanced discussions with Coca-Cola, IKEA, and Heineken for orders. With Hiringa, though, Hyzon's pipeline showed contracted delivery of 20 units in 2021.
Also, Blue Orca cited the resignations of two chief technology officers as a red flag. Hyzon's press release, however, states that Gary Robb, also a co-founder, retired (and didn't step down abruptly) on Sept. 2 and was succeeded by Shinichi Hirano, who spent 17 years with Ford Motors (NYSE:F) before joining Hyzon.
Ich habe hier aufgehört zu lesen... China Firma ?? Pleite?? Wär mir beides neu. Das ist doch lächerlich.
Blue Orca Capital @blueorcainvest· 2 Std. 6/ Hyzon is just a repackaging of a flailing Chinese parent company which was delisted from the Chinese OTC exchange in early 2021 at an enterprise value of sub $200 million. Hyzon is just a worse version of this same business in SPAC form, yet trades at 10x the valuation. |