Hop-On Inc (HPNN)

[Arthur]

Jamie, the only reason HPNN shows an apparent profit in their 2014 (in fact a small ($37K) loss) unaudited fianacials, is that they entirely forgot to pay their Officers. And Consultants.

You got to make allowances for PM: he's hopless with paperwork. For example, 2 years ago, he discovered he had entirely forgotten to pay a key consultant for 4 years straight. He didn't issue an accounting Restatement (which would have DOUBLED the HPNN losses for the years 2009, 2010, 2011 and 2012, he just issued that key consultant (that helped HPNN destroy all shareholders" equity), he mererly issued that consultant a nice bunch of preferred shares.

These shares have vested now, but I'm dead certain the CEO would warn the common shareholders if Preferred stock was being converted. It would be unthinkable that he would hide that detail.

Unless he forgot to file the proper paperwork, that's his great weakness, you know...