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Re: worldisfullofDerps post# 51557

Monday, 11/24/2014 9:54:07 PM

Monday, November 24, 2014 9:54:07 PM

Post# of 122021
Company not involved, but the stock was

While it's true that Hemp, Inc had no direct involvement, the stock itself was one of those manipulated by three of the four that were charged:

Similarly, the SEC alleges that Hawatmeh, Galas, and Mrowca bought and sold approximately 41.7 million shares of Hemp Inc. in January and February 2014 while the stock was actively promoted on the Internet. For example, one Internet tout on February 6 claimed that Hemp could reach “a REAL Possible Gain of OVER 2900%.” During the promotion, Hawatmeh, Mrowca, and Galas engaged in manipulative wash trades and matched orders to manipulate Hemp’s common stock before selling their shares for illegal gains.


And of course the sector moved at the same time, but HEMP was one of the top "performers" because of the scam by the three mentioned in the paragraph above.

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