Hemp Inc (HEMP)

[Det_Robert_Thorne]

And in the meantime, no real income

The thing is, HEMP's only income is the reported value of the shares on the day they're awarded, and in every case I've seen so far, the shares are restricted for a period of one year, which means that HEMP just sits on them as they decline in value.

The entire proposition is based on the idea that Perlowin records the "revenue" from these consulting deals, and the consultees get a short-term pump of their stock.

It's not real revenue, and that's why Perlowin loans money to HEMP every quarter, takes his payment in convertible shares, converts those shares to commons, sells some of those, then uses that cash to loan to HEMP.

It's one circle of cash for old Bruce, who slowly acquires more and more of the company while the shareholders pay him to do it.