Hemp Inc (HEMP)

[Det_Robert_Thorne]

Pointing out flaws and overvalue isn't hindering "advance"

Despite the efforts of someone, the project continues to advance ...

Pointing out that a project is being badly managed, costing far more than originally forecast and showing that it won't be as profitable as some think is not the same as trying to hinder the advance of the project.

HEMP's decorticator project is well behind schedule, and is probably costing twice the original budget. In addition, the processing of Kenaf hasn't been shown to be profitable, and the commercial processing of hemp is probably years away.

So why is HEMP, with roughly $4M in assets (not counting the ridiculously-valued LPO software,) $4M in debt and no significant revenues, worth a market cap of approximately $55M?

It can only be explained by wishes and hopes.