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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HPNN no longer current - ouch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.
Mr. Curt left digitalage shortly after the court required him to appear as part of the court-ordered debtor exams for CEO Petey.
The acquisition of Curt's company, Vertuoso, apparently is "winding down" operations and ceasing to exist.
IT CAN"T LAUNCH. No funding, per the CEO.
Plus, any assets CEO Petey or his subsidiaries have or ever obtain, patents, licenses, etc. are subject to a court order to pay back money he refuses to pay back. They all can be seized.
Ask the CEO about this. He was served.
These are REAL liens, granted after real court proceedings. And some renewed against HPNN/Petey (as sole control person) until 2027, and they are huge. Just one lien is for over the entire market cap of HPNN (interest is accruing fast).
Peter Daniel Michaels has so many liens against him and his ailing Hop-On, which can't pay its obligations.
Here is one of them:
All property, assets, rights, real property and interest in property of Debtor, of any kind or description, tangible, whether now owned or existing or hereafter acquired or arising and whosesoevers' located including, but not limited to the following: All deposit accounts, accounts and accounts receivable of Debtor, whether now in existence or hereafter coming into existence all letter of credit rights: all chattel paper ( whether tangible or electronic) contract rights, instruments (including promissory notes), documents, general intangibles (including, without limitation, payments intangibles trademarks, service marks, trade names, patents, copyrights and licenses), inventory (including raw materials inventory, finished goods inventory, parts, supplies) and goods in process of debtor, whether now in existence or owned or hereafter coming into existence or acquired, whether located, and all returned goods and repossessions and replacements thereof: all vehicles, furniture, machinery and equipment now owned and hereafter acquired by Debtor (including all embedded software): all investment property: all supporting obligations, software and commercial tort claims: all accessions. Additions, replacements, and substitutions relating to any of the foregoing: all records of any kind relating to any of the foregoing: all proceeds relating to any of the foregoing (including insurance, general intangibles and accounts proceeds): All insurance policies insuring the foregoing property or any part thereof including unearned premiums and all refunds
CEO Petey lost his access to digitalage twitter site?
Might have happened because it looks like he has not been paying employees, and almost all employees who were showing association with it and Petey have removed digitalage from their employment on the linked-in site. Petey also previously lost access to his original digitalage twit site, too.
Not one single post there for over 2 months. I have DM'd him to dare him to post there to show that he has not been locked out. Response....crickets. LOL
Digitalage Inc
@go_digitalage
$HPNN
Apr 18, 2023
HNN 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. 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).
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. 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).
His financier also just shared part of a follow-up email to the FBI.
While I don't know what the allegations might have been. She/Her is apparently a large shareholder and financier he is not paying back as promised - He probably should not be messing with that woman, IMO. As expected, he has reportedly now blocked her and is not allowing ANY response to his stock promotion tweets - so much for free speech, right CEO Petey?
HPNN CEO - possibly wiring money from China? How will you try to hide wire transfers to line your pockets this time? You do know they are watching you closely, especially because of your felonious money laundering record and serious fraud history?
Hopefully you also saw this from one of your financiers...?
CEO Petey lost his access to digitalage twitter site?
Might have happened because it looks like he has not been paying employees, and almost all employees who were showing association with it and Petey have remove digitalage from their employment. Petey also previously lost access to his original digitalage twit site, too.
Not one single post there for over 2 months. I have DM'd him to dare him to post there to show that he has not been locked out. Response....crickets. LOL
Digitalage Inc
@go_digitalage
$HPNN
Apr 18, 2023
IT CAN"T LAUNCH. No funding, per the CEO.
Plus, any assets CEO Petey or his subsidiaries have or ever obtain, patents, licenses, etc. are subject to a court order to pay back money he refuses to pay back. They all can be seized.
Ask the CEO about this. He was served.
These are REAL liens, granted after real court proceedings. And some renewed against HPNN/Petey (as sole control person) until 2027, and they are huge. Just one lien is for over the entire market cap of HPNN (interest is accruing fast).
Peter Daniel Michaels has so many liens against him and his ailing Hop-On, which can't pay its obligations.
Here is one of them:
All property, assets, rights, real property and interest in property of Debtor, of any kind or description, tangible, whether now owned or existing or hereafter acquired or arising and whosesoevers' located including, but not limited to the following: All deposit accounts, accounts and accounts receivable of Debtor, whether now in existence or hereafter coming into existence all letter of credit rights: all chattel paper ( whether tangible or electronic) contract rights, instruments (including promissory notes), documents, general intangibles (including, without limitation, payments intangibles trademarks, service marks, trade names, patents, copyrights and licenses), inventory (including raw materials inventory, finished goods inventory, parts, supplies) and goods in process of debtor, whether now in existence or owned or hereafter coming into existence or acquired, whether located, and all returned goods and repossessions and replacements thereof: all vehicles, furniture, machinery and equipment now owned and hereafter acquired by Debtor (including all embedded software): all investment property: all supporting obligations, software and commercial tort claims: all accessions. Additions, replacements, and substitutions relating to any of the foregoing: all records of any kind relating to any of the foregoing: all proceeds relating to any of the foregoing (including insurance, general intangibles and accounts proceeds): All insurance policies insuring the foregoing property or any part thereof including unearned premiums and all refunds
No funding, no apps, HPNN is insolvent (per financial disclosure).
HPNN remains on Administrative Hold and still has not filed their annual list of officers with Nevada (state of incorporation). It was due in March.
Also, Hop-On Wireless is Permanently Revoked.
Name Status Filing Date Type NV Business ID Entity Number Mark Number Actions
HOP-ON WIRELESS, INC. Permanently Revoked 04/19/2001 Domestic Corporation (78) NV20011277421 C10085-2001
HOP-ON, INC. Administrative Hold 03/16/1993 Domestic Corporation (78) NV19931035864 C2878-1993
Annual Report Due Date:3/31/2023
So it was all a lie by Peter (confirmed)?
There is no money or support team.
Sure hope regulators examine and track any potential wire transfers of cash to Peter Michaels. At least they are now aware, because they follow his stock promotion page. Anything will likely be used mostly to enrich the CEO, not pay back the $10-12 million he (and HPNN) owes.
Any money received is subject to seizure to pay liens and money owed to California.
And now we find he is putting out "insider" info to a shareholder and financier he refuses to pay what he owes. Sure hope no one trades based on insider info, since they will be just as liable as Peter.
So support team has been fired?
I see tweety Petey had to do his fluffy Friday rendition by putting out material non-public info (BS) just before the market close to keep it from closing at $0.0007
I see he has also stopped paying loans back again.
Well over 4:1 sell/buy ratio so far today. Not sure they are done converting the heavily-discounted toxic financing shares. That could take a long, long time.
after all this dilution, reverse split is likely and $0.0001 ($0.20 after the 1:2,000 reverse split) will seem much too high of a price.
Trades do not have to be reported at the time they are made, but sometime during the trading session.
Most are reported when they happen, though.
There are sometimes groups of trades that happen during the day at different prices, and those are typically reported as a T-trade at the average price of the trades.
Market makers are also just filling and trying to match customer orders with stinky pinkies like this, that are marked as unsolicited quotes only.
But yes, there painting-the-tape trades happening by individuals by putting in a small order at the ask to try to manipulate, but that is another story.
Unsolicited quotes only. Oh my.
No one willing to provide an initial review? Bad sign.
Warning! This security is eligible for Unsolicited Quotes Only
This stock is not eligible for proprietary broker-dealer quotations. All quotes in this stock reflect unsolicited customer orders. Unsolicited-Only stocks have a higher risk of wider spreads, increased volatility, and price dislocations. Investors may have difficulty selling this stock. An initial review by a broker-dealer under SEC Rule15c2-11 is required for brokers to publish competing quotes and provide continuous market making.
and this woman loaned him money and apparently has close to 100 million shares.
She has been promoting for Peter, with his permission, but appears to have had enough of the serial fraudster and wife-beater CEO of HPNN.
HPNN can't get financing. HPNN is flat broke.
Here is just one of the liens against the CEO and HPNN (Peter is sole control person)
And note what Petey agreed to secure the loan with.....note items I made bold. He will never pay anyone who loaned hm money back 100% to mke them whole.
UCC Type Debtor Information File Number Secured Party Inf Status Filing Date Lapse Date
Notice of State Tax Lien
PETER DANIEL MICHAELS - TEMECULA, CA U210036245324 MCA REHAB LLC - MIAMI, FL Active 04/07/2021 04/07/2026
Indicate how documentation of Collateral is provided:
Entered as text
Description:
All property, assets, rights, real property and interest in property of Debtor, of any kind or description, tangible, whether now owned or existing or hereafter acquired or arising and whosesoevers' located including, but not limited to the following: All deposit accounts, accounts and accounts receivable of Debtor, whether now in existence or hereafter coming into existence all letter of credit rights: all chattel paper ( whether tangible or electronic) contract rights, instruments (including promissory notes), documents, general intangibles (including, without limitation, payments intangibles trademarks, service marks, trade names, patents, copyrights and licenses), inventory (including raw materials inventory, finished goods inventory, parts, supplies) and goods in process of debtor, whether now in existence or owned or hereafter coming into existence or acquired, whether located, and all returned goods and repossessions and replacements thereof: all vehicles, furniture, machinery and equipment now owned and hereafter acquired by Debtor (including all embedded software): all investment property: all supporting obligations, software and commercial tort claims: all accessions. Additions, replacements, and substitutions relating to any of the foregoing: all records of any kind relating to any of the foregoing: all proceeds relating to any of the foregoing (including insurance, general intangibles and accounts proceeds): All insurance policies insuring the foregoing property or any part thereof including unearned premiums and all refunds
Until the reverse split? 1:2,000?
Just kidding. Good luck.
Any amounts outstanding on the Notes can be converted into Common Stock at a conversion price of $2.50 per share for the first six months and at a discount of up to 50% thereafter to the then current market value of the Company’s stock commencing six months after issuance. Conversion is at the sole discretion of the holders of the Notes.
So if you have $600K in notes (likely more than this)..... $600,000 / 0.003 / 0.50 = 4/10ths of a BILLION dilutive shares issued.
Warning! This security is eligible for Unsolicited Quotes Only
Is GXXM not paying taxes? No business license anymore.
GEX MANAGEMENT, INC.
Texas Taxpayer Number 32076906398
Mailing Address 5900 BALCONES DR STE 100 AUSTIN, TX 78731-4298
Right to Transact Business in Texas FRANCHISE TAX INVOLUNTARILY ENDED
Request tax clearance to reinstate entity
State of Formation TX
Effective SOS Registration Date 12/02/2020
Texas SOS File Number 0803853014
Registered Agent Name REGISTERED AGENTS INC.
Registered Office Street Address 5900 BALCONES DRIVE SUITE 100 AUSTIN, TX 78731
It said "as of 6/13/2023", so it is as of today's query
https://mycpa.cpa.state.tx.us/coa/search.do
Still need a business license in the state you are domiciled to conduct business, defend against lawsuits, or file a lawsuit.
Per Texas law, if you don't have authorization to conduct business, you would lose any court case "by default" and would also lose any case filed by the company.
Is GXXM not paying taxes?
GEX MANAGEMENT, INC.
Texas Taxpayer Number 32076906398
Mailing Address 5900 BALCONES DR STE 100 AUSTIN, TX 78731-4298
Right to Transact Business in Texas FRANCHISE TAX INVOLUNTARILY ENDED
Request tax clearance to reinstate entity
State of Formation TX
Effective SOS Registration Date 12/02/2020
Texas SOS File Number 0803853014
Registered Agent Name REGISTERED AGENTS INC.
Registered Office Street Address 5900 BALCONES DRIVE SUITE 100 AUSTIN, TX 78731
One of HPNN's gullible followers....
Dilution happening - lots more coming
Dilution nightmare? 100 billion shares authorized and still a lot of toxic debt on the books.
As the price drops lower, the toxic death spiral debt conversion (at a steep discount) requires even more shares to be issued for that same $ of conversion.
And as soon as someone buys at the ask, there immediately is even more added at the ask price.
Ouch. Good luck with this one.
It is not clear that they have enough cash to pay employees.
LOL- Petey moving on to his next scam? smart phone licensing....LOL
Apparently funding did not happen and no launch of anything is anticipated.
Note: this is the same licensing agreement that you or /I could enter into. The reality is that HPNN never saw $1 from licensing anything, and no revenue or anything else ever happened.
The license indicates it gives HPNN the right to pay the license grantor $ if they ever sell anything.
Is their restructuring planned a Reverse split? Oh my.
Gotta read those disclosures. And did they get booted of the OTCQB tier, too? I see OTC indicates unsolicited quotes only.
Lots of toxic convertibles. The lower the price drops, the more dilutive shares need to be issued to satisfy the discounted convertibles (toxic death spiral financing).
$0.0001 price target - oh my!
100 billion shares authorized.
They don't have support teams, and I see Petey was not paying employees, too. Not looking good.
HPNN lost in court - big loss $$$$
bogus admission of loss in disclosure:
In 2009, Hop-on lost a major sale of phones to a distributor in Mexico. Hop-on also dissolved the equity and joint venture with the OEM
manufacturer. Hop-on filed a lawsuit against a prior acquisition for Fraud and Breach of Contract. The opposition received a default
judgment against Hop-on. Hop-on will file to set the default aside and pursue litigation.
On August 26, 2009, a default judgment (the“Judgment”) was entered against the Company in the Superior Court of California, County of Orange in the amount of $3,500,000 on a counterclaim by Defendant, Dan Gannon, for an alleged business tort. The Company was recently advised that the Defendant obtained renewal of the Judgment on May 8, 2019, in the original amount plus accrued interest. The Company intends to seek to have the Judgment vacated.
Note: HPNN cannot file to set aside the court judgments because it has been and is in "Forfeited" status in California. This means HPNN cannot win a court judgment in any case (would lose automatically again by default).
Peter also fails to disclose the newly-renewed lien against any HPNN assets has now risen to $9 million plus because of interest on the HPNN debt they owe.
N/A with this selling, the investors likely are exiting into any perceived hype attracting new ones. Good luck, though.
https://ih.advfn.com/stock-market/USOTC/gex-management-pk-GXXM/trades
Most lucky if they can sell $0.0006. Over 100 million selling volume.