Hop-On Inc (HPNN)

[PRmaniac]

Teleepoch CEO Chuan Wang
didn't Hop-On claim they signed a letter of intent for $100 million revenue and then a contract with Teleepoch?

Isn't it more than a little misleading for the CEO of Hop-On, Inc not to disclose that that letter of intent and contract was made with a current Hop-On boardmember? The pattern here suggests...... Remember that Peter Michaels also signed deals with and supposedly acquired two other companies (USACIG and Re-Medical). DD showed he already controlled those companies before announcing the deals (in fluff PR flurry). And then there is the around $1 million cash "loaned" to Green Frog Fun. Peter Michaels was listed as President of that company, too!
And then there was the federal/state raid on Peter Michaels' boiler room operation (earlier in his career) that found he funneled investor money to his own binky-roo company (along with the yacht and other things he was buying with the cash)
Eventually the money laundering charges stuck....convicted felon.

Note that Mr. Wang has been a Hop-On boardmember from 2007-present, according to businessweek (see link). Peter Michaels even announced it in a press release.
http://investing.businessweek.com/research/stocks/people/person.asp?personId=34077335&ticker=HPNN&previousCapId=1214241&previousTitle=HOP-ON%20INC