Monday, September 26, 2016 2:11:06 PM
9-7-2016........$0.0293
9-16-2016.......$0.0285
9-23-2016.......$0.0263
Today--DOWN
What happened?
Could it be the panoramic FLY-OVER of the fields of kenaf and hemp
failed to impress? (Grand Illusion Production by Perlowin)
MAYBE.
Could it be the thought of tons of 2016 kenaf, being piled up on tons of 2015 kenaf which is sitting of 40,000,000lbs+/- of 2014 kenaf is starting to become scary?
MAYBE.
Could it be the loss of (now) nearly $30,000,000 of investor dollars with NOTHING to show for it.
MIGHT BE.
Could it be the years of PR NEWS releases which have NEVER come to fruition? (sales, run dates of equipment, profit?)
COULD BE.
Is it that this company is run buy a FELON who is currently under SEC investigation for stock fraud (HEMP, inc).
HIGH POSSIBILITY
Or is it that the fiber hemp has fallen from investor lips this year, replaced by the BOOMING increase in farms and operations for CANNABIS--with particular emphasis on MEDICAL applications?
Combined with all the above?
BINGO!
HEMP inc, like its namesake passed the cusp of notoriety and now is in the clenches of a death spiral to ZERO.
No worries. Bruce Perlowin has sold $10's of millions of HIS stock along the way. And depending on how much he gets to keep AFTER the SEC is done with him, probably made out VERY WELL.
As opposed to his shareholders.
But then again, this is the pinks for a reason.
RIP HEMP.
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