Hemp Inc (HEMP)

[Det_Robert_Thorne]

First, Perlowin gagged TA. Now, it's OTCMarkets turn.

I saw HEMP's PR and read the report earlier this week, but haven't had time to comment until today.

As usual, the financials were pathetic, with a small reduction in prepaid interest -- though more was taken on during the quarter -- resulting in nearly $10.5M of stock-based expenses, which ultimately added 443M shares to the OS. The newly reported OS of 2,481,722,897 exactly matched that I reported on Oct 2, 2017, before Perlown gagged the TA.

What is more fascinating to me is that in the PR, Perlowin stated that "... Hemp, Inc. will now post its financial disclosures on its website instead of on OTC Markets, as done previously". IOW, in addition to gagging the transfer agent, Bruce has now also gagged OTC Markets.

This means that despite the claimed transparancy, by requiring interested parties to go to its website for financial information rather than the marketplace where its stock is traded, HEMP has actually become less transparent.

Which of course, serves Perlowin's need to limit actual, actionable info to a self-selecting few.

While he may not care, Perlowin may soon find that OTCMarkets does have a form of recourse.

Meanwhile, with a couple of new Motions for Partial Summary Judgment filed by the SEC on Dec 13, 2017, the noose continues to tighten around HEMP, Perlowin, and his cronies.