Hemp Inc (HEMP)

[Det_Robert_Thorne]

Per HEMP's Transfer Agent, OS now 2,481,722,897

I emailed HEMP's Transfer Agent every few weeks to check the up-to-date, current OS, and did so again today.

As of the morning of October 2, 2017, HEMP's OS is now 2,481,722,897 shares, which is an increase of 443.4MM shares (+21.8%) from the end of 3Q/17. Since September 12, 2017, the date of my most recent previous call, 75.3M shares were added.

There have been 63 workdays since the end of 3Q/17. Over that period, Perlowin has increased the OS by an average of 7.0M shares/workday, which is a fantastic rate of dilution.

Here are the dates of my calls and amounts of shares reported for each:

Call Date - Outstanding Shares
12/31/16 - 1,232,057,331
1/9/2017 - 1,362,522,331
1/18/2017 - 1,432,410,664
1/27/2017 - 1,490,469,956
2/16/2017 - 1,619,268,575
3/8/2017 - 1,717,198,663
3/31/2017 - 1,748,651,127 <-- Same as reported by Hemp on 5/22/17 in the 1Q/17 filing
4/6/2017 - 1,772,216,171
4/20/2017 - 1,797,216,171
5/1/2017 - 1,814,915,286
5/18/2017 - 1,844,915,286
6/6/2017 - 1,957,306,688
7/3/2017 - 2,038,306,688 <-- Same as reported by Hemp on 8/11/17 in the 2Q/17 filing
7/28/2017 - 2,091,676,634
8/4/2017 - 2,190,597,957
9/12/2017 - 2,406,424,456
10/2/2017 - 2,481,722,897 <-- Should be close to what HEMP will report in its 3Q/17 filing

In my previous OS Report, I said that I thought that the OS would exceed 2.5B shares by the end of the third quarter, but that forecst was high by about 18.5M shares. Still, my estimate was only about 0.75% higher than the actual number reported by the TA.

Nearly 1.25B shares have been issued since Dec 31, 2016, a 101.4% increase! HEMP's OS has doubled in nine months, while the company has not generated any significant revenue over the same period.