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HPNN - no longer current - ADMINISTRATIVE HOLD
Plus, HPNN was supposed to provide its update to Nevada in March, but failed to do so.
HPNN's California business entity registration is now listed as "forfeited", which means Hop-On no longer has rights to the Hop-On business name. Someone else has now claimed it.
ENTITY INFORMATION
Entity Name:HOP-ON, INC.Entity Number:C2878-1993
Entity Type:Domestic Corporation (78)Entity Status:Administrative Hold
Formation Date:03/16/1993NV Business ID:NV19931035864
Termination Date:
Perpetual
Annual Report Due Date:3/31/2023
Wow, so no funding at all? HPNN not current. Not good news.
I'm guessing HPNN will need to put out more fluff to slow down the share dumping and attract enough of his gullible followers to help absorb shares dumped and to dump shares for cash to pay his child support payments.
I see Hop-On is still on administrative hold with their corporate registration in Nevada.
It will not be pretty if Nevada permanently revokes Hop-On, like they did with Hop-On wireless.
Revoked, Revoked, Revoked - Every company CEO Peter has created is now revoked in Nevada, and Hop-On is on administrative hold, likely headed for default.
Revoked, Revoked, Revoked - Every company CEO Peter has created is now revoked in Nevada, and Hop-On is on administrative hold, likely headed for default.
Great Catch
Do your DD. I did, and HPNN is a POS stock with a serial fraudster (per the courts) in charge.
It is insolvent, flat broke, and can't pay its obligations.
I get it that many investors deep underwater in their holding would rather not have any real facts or DD posted. This is likely why free speech Petey Michaels does not allow responses from investors to his stock promotion site posts.
But your last post was so informative and really well thought-out. Thank you.
Yes, hpnn is not current. Enough said?
and hpnn is on administrative hold in Nevada, too.
That has nothing to do with the 3 billion more common shares he authorized.
Those share could all be issued at steep discounts, diluting current investors.
Petey was also trying to get investors to do private placements, which would dilute investors percent-ownership of digitalnothing's squarespace website. I see he failed to disclose how much of digitalnothing HPNN investors actually own, if they still own any part of it.
Per Nevada, that LLC is 100% owned by Peter and Peter only (not HPNN investors).
HPNN does have 3 billion more shares they can toxic financing dump at steep discounts to dilute and pollute current investors.
Plus, his filing in Nevada shows HPNN increased the preferred shares from 29 million to 120 million, so regular shareholders would likely own only a tiny, tiny portion of the company, upon conversion.
Bankruptcy filing imminent?
May have to reach out to the supposed new CFO of digitalnothing one of his twit followers revealed, to ask why he would associate with a serial fraudster and one who beats women and children, as well as has 3 felony convictions (including for money laundering and obtaining $ by false pretenses).
I see tweety Petey CEO is blocking former employees who complain that they were not/have not been paid their wages. Anyone found to not pay wages is involved in wage THEFT, which is a serious crime.
HPNN has less than $40 in real assets. It can't even pay its obligations or stay current with Nevada, where it is incorporated.
MM's only make a market for OTC securities like the insolvent stinky pinky HPNN to try to provide orderly trading. 99+% of all trades are electronically matched, not MM-assisted.
ASSETS 2023
Current Assets
Checking/Saving $38
Actually, Peter did not.
He does need to keep on hyping to help absorb shares being dumped.
It might help people dump their shares with less loss, because there are always gullible investors out there that don't do DD.
Peter disclosed - funding fell-through.
Financiers likely do a credit and criminal background check.
Credit rating likely lower than his IQ, IMO.
HPNN can't pay its obligations and is basically flat broke with almost no assets at all.
shareholders could sue, and they would win "by default" because HPNN has no business license in Cali (its headquarters state), so it can't defend against ANY lawsuits.
Petey would just tell them to :get in line" with all the others that have liens or won against HPNN in court.
HPNN can't pay obligations
and deeper in debt than they have ever been is the headline.
And massive liens, including one over $9 million (interest accruing).
Note: HPNN failed to disclose this debt in their filings, though the CEO knows very well that it exists, just like the Sector 5 debt/lien.
Wow, so no funding at all? Not good news.
I'm guessing HPNN will need to put out more fluff to slow down the share dumping and attract enough of his gullible followers to help absorb shares dumped and to dump shares for cash to pay his child support payments.
I see Hop-On is still on administrative hold with their corporate registration in Nevada.
It will not be pretty if Nevada permanently revokes Hop-On, like they did with Hop-On wireless.
Neither HPNN or Peter can have money in the bank. It is subject to seizure by lienholders trying to get their money from HPNN and its CEO.
Any and all assets can be seized, whether current assets or assets obtained in the future.
Petey needs to generate a little hype, likely this month, to allow dumping of shares into the share pool.
Many of these such trades will show up as ? on IHUB trades.
After all, he has no known source of any income, yet needs to pay lawyers and his $6K/month child/spousal support payments. The court-ordered probation for beating his wife severely requires Petey to remain law-abiding. Not paying child support would be breaking the law.
Reverse split imminent?
A $30 trade to paint the tape? OK.
Yes, CEO says funding did not materialize. They probably did a credit check on HPNN and the CEO or realized the CEO beats women and children (per the courts).
HPNN is insolvent - can't pay its obligations.
Going on behind the scenes is the State of California and numerous lienholders and court judgment winners against the CEO and HPNN trying to get paid back.
Interest on these massive judgments and liens now is more than the original debts that HPNN owes.
Or one SEC action away from suspension, or one broken law or unpaid child/spousal support from the CEO being incarcerated?
I'm guessing the CEO will plan his stock promotion for a week or two, because he has so many payments to make before the end of the month, and he has 3 billion shares to dilute, plus he has been advertising that he will also accept cash investments paid directly to money-launderer-convicted Petey in return for equity (to the detriment of HPNN investors).
Petey is already refusing to pay back loans he promised to pay and cannot keep any real assets in HPNN accounts or his personal accounts, because they can be seized.
HPNN - no longer current - ADMINISTRATIVE HOLD
Plus, HPNN was supposed to provide its update to Nevada in March, but failed to do so.
HPNN's California business entity registration is now listed as "forfeited", which means Hop-On no longer has rights to the Hop-On business name. Someone else has now claimed it.
ENTITY INFORMATION
Entity Name:HOP-ON, INC.Entity Number:C2878-1993
Entity Type:Domestic Corporation (78)Entity Status:Administrative Hold
Formation Date:03/16/1993NV Business ID:NV19931035864
Termination Date:
Perpetual
Annual Report Due Date:3/31/2023
I believe the acting CFO quit. Pretty much a mail-order CFO.
Yes HPNN delinquent filer-
HPNN no longer current - ouch
Maybe CEO Petey should try to find out why Nevada has put his corporation on Administrative Hold and why he has not filed the required annual report paperwork (was due in March 2023).
Nevada has a new law, Petey. A Nevada corporation with its headquarters in another state must maintain a business license (Hop-On listed as forfeited in Cali) in all states they do business in.
And it seems more than suspicious that HPNN has 120 million preferred shares authorized (per Nevada filing), yet his financial disclosure indicates 29 million preferred authorized (all have been issued - most to Petey's LLC's).
HPNN market cap needs to drop 90% or more, and even then it would be overvalued.
HPNN keeps getting deeper in debt and can no longer pay its bills.
Not one single trade so far today?
Looks like Petey refusing to name his mail-order CFO and that there is no launch of anything but a $49/month squarespace page possible (no funding for anything) is making investors avoid HPNN like the scam it has been for years.
HPNN - still on Administrative Hold. Still no required filing of the annual list of officers, which was due in March.
Petey, they caught you with their new law requiring any Nevada corporation to have a valid business license in their headquarters state. HPNN is "forfeited" in California.
Entity Name:HOP-ON, INC.Entity Number:C2878-1993
Entity Type:Domestic Corporation (78)
Entity Status:Administrative Hold
Formation Date:03/16/1993NV Business ID:NV19931035864
Termination Date:
Perpetual
Annual Report Due Date:3/31/2023
SEC could suspend HPNN at any time. They have more than enough to shut down the fraudster CEO of HPNN, IMO.
Price target is $0.0001, but will likely be at no bid
HPNN no longer current. Oh my.
Wow - all funding fell-through - HPNN can't pay any of its obligations, per the CEO latest disclosure.
Insolvent, likely need to file for bankruptcy, forced or voluntary.
No funding, no software teams. No apps submitted, not even a closed beta.
Massive volume - 8 shares traded so far today.
CEO is panic-mode tweeting ahead of his bogus fluffy Friday stock promotion lies
When one considers the time value of money, holding HPNN has been a big loss for almost anyone that has decided to not sell after holding that long. The money could have been put to work elsewhere or a trader could have bought and sold real companies or even other scams like HPNN.
HPNN is insolvent and even closer to bankruptcy, and a SEC suspension or revocation could make all shares worthless, like HPNN CEO Petey's Sector Five (now revoked by the SEC). He lost in court over his scam there and now owes massive amounts of money.
HPNN no longer current - ouch
Maybe CEO Petey should try to find out why Nevada has put his corporation on Administrative Hold and why he has not filed the required annual report paperwork (was due in March 2023). Nevada has a new law, Petey. A Nevada corporation with its headquarters in another state must maintain a business license (Hop-On listed as forfeited in Cali) in all states they do business in.
And it seems more than suspicious that HPNN has 120 million preferred shares authorized (per Nevada filing), yet his financial disclosure indicates 29 million preferred authorized (all have been issued - most to Petey's LLC's).
HPNN, did the last CFO resign after not getting paid? And I suppose you will have to hire one who at least graduated from 6th grade. And also one that doesn't mind the CEO being a serial fraudster that puts out false information in financial disclosures and lies almost all the time.
It is great to see that some investors can make money on insolvent and fraud-ridden companies like HPNN. I believe everything claimed.....yes, indeed.
Of course. I have found that most investors that brag were actually selling into the organized pump/dump hype that was being spewed by a serial fraudster CEO of HPNN and others. By the time they are done with the stock promotion with bullshit content about charting scam OTC companies like HPNN, they have already dumped, leaving those that listened holding the bag o losses.
Still other HPNN investors likely just want validation for something, so it is mostly lies in the content.