Reduction in Kenaf--Det. Thorn
As I posted back over Memorial Day, I was in Spring Hope and met with Mike "B" from a local Ag group, and it was he who said that Dave had approached farmers in the spring with a meeting about growing hemp.
As I reported--there were no takers--DESPITE Bruce claiming he had farms with 2,000 acres on board. Must have been a mistake--of 2,000 acres on is part. Its "booked Revenue DejaVU all over again"
Anyway, as I also REPORTED failing plan A Bruce approached farmers willing to give them free seed, fertilizer and controls at cost, and GUARANTEE $1,000 min per acre PROFIT ( over input cost) HEMP inc would harvest, transport and deal with the rest. Shares in the Company were also offered.
He got some fractionalized Mom and Pops to do it--totaling LESS than 150 acres. ( those hemp guys have trouble counting I guess).
The main 2 substitute crops for tobacco planted this year are sweet potatoes and stevia. I told this board that BEFORE it was planted in the ground. I was right, the other reports on this board were incorrect.
No one on this board being a grower except for me, its impossible to get accurate info on what is going on out there. Posts about plantings in acreage of 100, 500, 1000 acres from Vermont to Oregon--it does not amount to a hill of beans. It is MEANINGLESS.
The only thing the investors here will understand will be the continued failure of HEMP, inc, and as the "FAD" dies in the wind.
It's just a matter of time--not much left as I see it.
OBTW, your statement that there is no market for Kenaf? Well the fact that Bruce had to offer $1,000/acre profit just reinforces that fact. Using Investors money to make his claims come true. Can that be legal? I think we'll see an answer to that shortly as well...
Meanwhile, HEMP inc burns $1,000,000 a quarter on the devil only knows what, and Bruce has LIBE Guard Lites delivered to his house in Las Vegas and Panama--and no one cares. Amazing.
Now before the choir chimes in about this being a start-up, I understand start-up, my first Christmas tree farm was 68 acres in the Northeast Kingdom of Vermont in 1979. I now have 2,700 cares under management in three states, I understand 36 years worth of hard work VERY well.
And I can tell you with no equivocation--HEMP inc, and Bruce Perlowin haven't a clue about growing.
STOCK?, well yeah, THAT they understand REAL well.
