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Curt Doty no longer with CEO Petey? He probably found out that Petey likes to beat women, after seeing that he was charged with 5 felonies. Curt also was required to attend a debtor exam because of CEO Petey - that is a fun thing to have on a professional record.
His company, Vertuoso, apparently is "winding down" operations.
Vertuoso is sunsetting as our recent acquisition (of our company by HPNN) fell through. After 6 years, Vertuoso is winding down operations.
ooops....so yet another "acquisition" that didn't happen?
The recent news of Hop-on’s intention to acquire Doty’s company Vertuoso, specializing in vertical story-telling, ad-tech and content development will integrate Vertuoso’s expertise....
From 4th Quarter of 2021
The Company acquired
Vertuoso, LLC.
Shouldn't all revenue from Vertuoso be required to be reported on HPNN's books? Oh my!
HPNN CEO guilty of beating a woman (serious injuries)
He can be imprisoned if he does not obey the law, including attending court-ordered debtor exams and paying $6K/month child/spousal support
.
Case SWF2101245 - MICHAELS, PETER DANIEL - Probation
Probation Type: SUMMARY Granted: 01/26/2023 Expire: 01/25/2026
SUMMARY PROBATION GRANTED FOR A PERIOD OF 36 MONTHS ON THE FOLLOWING TERMS AND CONDITIONS.
1) OBEY ALL LAWS, ORDINANCES, AND COURT ORDERS.
2) BE COMMITTED TO THE CUSTODY OF THE RIVERSIDE COUNTY SHERIFF FOR 1 DAYS;
3) PAY FEE OF $500.00 TO THE DOMESTIC VIOLENCE FUND (PC 1203.097(A)(5)).
4) PAY VICTIM RESTITUTION. AMOUNT TO BE DETERMINED BY THE PROBATION DEPARTMENT (PC 1203.1(A)(3)). ANY DISPUTES AS TO RESTITUTION AMOUNT TO BE RESOLVED IN A COURT HEARING.
5) SUBMIT TO IMMEDIATE SEARCH/PROPERTY INCLUDING ALL RESIDENCE/PREMISES/STORAGE UNITS, CONTAINERS AND VEHICLES UNDER YOUR CONTROL; BY PROBATION OFFICER OR LAW ENFORCEMENT OFFICER; WITH OR WITHOUT CAUSE;
6) ENROLL IN A PROBATION APPROVED 52-WEEK DOMESTIC VIOLENCE PROGRAM PURSUANT TO PC 1203.097. PROVIDE PROOF OF ENROLLMENT TO THE COURT/PROBATION OFFICER ON OR BEFORE 03/13/2023. COMPLETE THE PROGRAM BY 04/13/2024. PAY ALL PROGRAM FEES AND SUBMIT PROOF OF PAYMENT AND COMPLETION AS DIRECTED BY PROBATION.
7) DO NOT RELOCATE FROM THE STATE OF CALIFORNIA (I.E. REMAIN IN ANOTHER STATE FOR MORE THAN 45 CONSECUTIVE DAYS IN ANY 12-MONTH PERIOD) -WITHOUT FIRST CONTACTING THE PROBATION DEPARTMENT TO DETERMINE WHETHER YOU ARE SUBJECT TO THE INTERSTATE COMPACT ACT. (ICAOS/PC 11180).
8) DO NOT HAVE ANY DIRECT OR INDIRECT CONTACT WITH CARRIE M.
9) DO NOT KNOWINGLY OWN, POSSESS, HAVE UNDER YOUR CONTROL OR IMMEDIATE ACCESS TO ANY FIREARM, DEADLY WEAPON, AMMUNITION OR WEAPON RELATED PARAPHERNALIA OR INCENDIARY DEVICE.
10) ANY VALID DOMESTIC VIOLENCE PROTECTION/RESTRAINING ORDER EXISTING DURING THE PERIOD OF PROBATION IS INCORPORATED INTO THE PROBATION TERMS.
11) PERFORM 20 HOURS OF COMMUNITY SERVICE THROUGH A NON-PROFIT ORGANIZATION. COMPLETE BY 04/13/2024.
Financiers do credit checks and lien searches to determine if risk is too high for financing.
The financing did not materialize.
Some of the more gullible investors gave Petey money he promised would be used for certain purpose and that would be paid back right away. Petey funneled the cash into his private LLC company, causing even more court liens to be filed against any HPNN assets or any assets its CEO or HPPN ever might obtain in the future.
Heck, just one of those liens represents much more than the ENTIRE MARKET CAP of the insolvent HPNN.
Now HPNN's likely imminent 1:2,000 REVERSE SPLIT is delayed, because it is now on Administrative Hold.
Nope- there has been no launch, no beta, no apps, and no funding.
HPNN is still not paying employees. Wage theft is a serious crime, if true.
More bad news from the CEO
The previously announced $5 million mezzanine round has not materialized as
anticipated, and has affected timing for platform launch
From HPNN's twit feed....
Looks like all funding fell-through. Not good news.
Not surprised - probably did a credit check or criminal background check, or they found that HPNN and its CEO owes just 1 person $9 million, and still failed to disclose this material fact on their FALSE financial disclosure.
So closed beta launch also failed to happen. Not surprised.
Petey hopes he can generate some hype and interest so toxic financiers can dump heavily-discounted shares to lock-in their profit.
Unfortunately there is no buying interest at these high prices. Must have seen the $0.0001 price target for HPNN and the fact that HPNN is insolvent.
HPNN now on Administrative Hold - also failed to file the required annual report. Apparently cannot afford the tiny filing fee, or his check bounced.
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
Petey needs investors that don't do DD to buy some of the shares likely being converted/dumped, now that he has the opinion letter that allows restrictive legends to be removed.
Even tiny buys help a little.
Hopefully investors can get out of this POS with less loss.
CEO failed a credit & background check?
To much risk for underwriters to fund....massive liens on all HPNN assets. The CEO can't even own real property, or it would be seized immediately.
Couldn't even get the tiny mezzanine funding?
From HPNN's twit feed....
More bad news from the CEO
The previously announced $5 million mezzanine round has not materialized as
anticipated, and has affected timing for platform launch
Looks like all funding fell-through. Not good news.
Not surprised - probably did a credit check or criminal background check, or they found that HPNN and its CEO owes just 1 person $9 million, and still failed to disclose this material fact on their FALSE financial disclosure.
CEO Petey - how are those debtor exams coming along? Does the court still have the $10K warrant on you that was placed to ensure you show up at the court-ordered proceedings investigating your debt/finances/assets (and HPNN's)?
Here is a twit post from one of your creditors and large shareholder today?
Is the Administrative HOLD placed on Hop-On due to you being forced to possibly turn over all preferred shares ownership (and voting control) to the $9 million debtholder you fail to disclose on financials? Did you lie to your own securities lawyer?
HPNN can't afford the Nevada filing fee? Or did his check bounce?
HPNN still not current - on Administrative Hold
Annual report was due well over 1 month ago (3/31/2023).
Will HPNN get suspended next?
Hop-On Wireless is PERMANENTLY REVOKED.
Over 40:1 Sell/Buy Ratio so far today
Petey making excuses for not being able to pay employees again?
TRY DOING A LITTLE DD
Check out Curt's Doty's website - Vertuoso is going under (ceasing operations) and HPNN acquisition of Vertuoso fell-though, like basically every other thing Petey has tries to do. The HPNN CEO is a historic FAILURE.
He can't even own a home (or any other real asset). Any assets Peter or HPNN have (or ever obtain) are subject to seizure to pay for $millions in judgments/liens on all their assets.
More bad news from the CEO
The previously announced $5 million mezzanine round has not materialized as
anticipated, and has affected timing for platform launch
From HPNN's twit feed....
Looks like all funding fell-through. Not good news.
Not surprised - probably did a credit check or criminal background check, or they found that HPNN and its CEO owes just 1 person $9 million, and still failed to disclose this material fact on their FALSE financial disclosure.
Curt Doty no longer with CEO Petey?
His company, Vertuoso, apparently is "winding down" operations.
Vertuoso is sunsetting as our recent acquisition fell through. After 6 years, Vertuoso is winding down operations.
ooops....so yet another "acquisition" that didn't happen?
The recent news of Hop-on’s intention to acquire Doty’s company Vertuoso, specializing in vertical story-telling, ad-tech and content development will integrate Vertuoso’s expertise....
From 4th Quarter of 2021
The Company acquired
Vertuoso, LLC.
Shouldn't all revenue from Vertuoso be required to be reported on HPNN's books? Oh my!
BUSINESS ENTITY AND MARK SEARCH RESULT
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
Petey can't even keep corporations current. Will HPNN be revoked, too?
Petey - how are those debtor exams going with you, Curt Doty, and your wife you beat to a pulp, etc?
Still have that $10K warrant out for you to encourage you to appear for the Exam?
HPNN still not current - on Administrative Hold
Nope - IPFS is a total failure, as is the serial fraudster and 3-time convicted felon and wife-beater Peter Daniel Michaels.
Curt Doty no longer with CEO Petey?
His company, Vertuoso, apparently is "winding down" operations.
Vertuoso is sunsetting as our recent acquisition fell through. After 6 years, Vertuoso is winding down operations.
ooops....so yet another "acquisition" that didn't happen?
The recent news of Hop-on’s intention to acquire Doty’s company Vertuoso, specializing in vertical story-telling, ad-tech and content development will integrate Vertuoso’s expertise....
From 4th Quarter of 2021
The Company acquired
Vertuoso, LLC.
Shouldn't all revenue from Vertuoso be required to be reported on HPNN's books? Oh my!
Spectacularly informative post.
Nice job, Petey.
HPNN bankruptcy filing coming?
No, HPNN is not Suspended by FINRA/SEC yet.
Was worried because there have been zero trades today
Checked the FINRA daily list, and HPNN is not listed as being suspended today and not listed under bankruptcies, either (yet).
More bad (no funding) news from the CEO
REVERSE SPLIT in the works. CEO says Stock Issuances (dilution) coming.
Dilution coming, likely will need a 1:2,00 reverse split, so the dilution can continue as the stock price approaches $0.0001.
HPNN still a delinquent filer, remains on Administrative Hold.
California also shows HPNN as "Forfeited", which means they have lost the right to the Hop-On name, cannot defend itself in court, and loses any court case automatically be default, per California business laws/statutes.
A company that cannot even maintain a business license, pay taxes, or maintain their corporate entity in good standing is highly suspect.
Just do an internet search for "Peter D Michaels" and "Fraud" and it is easy to see why this decades-long scammer has a reputation as a multi-convicted felon and serial fraudster, and cannot be trusted with anyone's money.
Yep, she quit. Has nothing to do with Peter for a long, long, time, and still doesn't.
Any other DD I can help with Petey ?
The lawyer's opinion letter confirms there is only one officer or director - serial fraudster Petey.
CFO quit because she wasn't getting paid?
Petey needs investors that don't do DD to buy some of the shares likely being converted/dumped, now that he has the opinion letter that allows restrictive legends to be removed.
Even tiny buys help a little.
Hopefully investors can get out of this POS with less loss.
HPNN still a deliquent filer, remains on Administrative Hold.
California also shows HPNN as "Forfeited", which means they have lost the right to the Hop-On name, cannot defend itself in court, and loses any court case automatically be default, per California business laws/statutes.
CEO says Stcok Issuances coming.
Dilution coming, likely will need a 1:2,00 reverse split, so the dilution can continue as the stock price approaches $0.0001.
Sure. SEC could suspend HPNN at any time, or FINRA could.
Many investors noticed HPNN has a $9 million court-approved lien on any HPNN assets, that the HPNN CEO has been ordered to appear for multiple debtor exams to explain all assets he/HPNN have (subject to seizure), and that HPNN purposely is omitting the FACT that they owe the $9 million (much more than the current market cap).....The HPNN CEO knows HPNN owes it and still omits this massive liability. Looks like stock fraud to me.
The 50 MA may be a tiny bit higher, but only because a $0.0001 change in price has an affect on the MA. HPNN is a scam, and intelligent investors would likely not want to support a CEO that beats women and children and does not pay required child support.
This is a no-revenue, no sales, no asset, financially insolvent company on Administrative Hold that can't pay any of its obligations.
It has tiny volume and little buying interest, and a CEO that is against free speech.....not letting even his ignorant supporters ask him questions on his social media stock promotion page.
Charting/technical analysis mean nothing for a POS stock like this.
Please explain. One would think that a poster calling the content something derogatory like that would be able to explain exactly what is bull?
Petey, feel free to explain in ALL CAPS.
With no evidence of shorting or fails to deliver, plus the prohibitive cost of actually shorting, it is clear. No one believes there are any shorting issues at all.
Ask Petey what happened in his latest debtor exam. Was it a $10K bond issued against him?
Looks like someone else will control all of HPNN soon.
Dilution coming - CEO Petey even promoted it. He needed the opinion letter to allow restrictive legends to be removed so selling/dilution can ramp up, especially since HPNN is flat broke and indicates they have no funding and can't pay their obligations anymore.
from the CEO:
There is zero short interest. FINRA indicates no record of any short interest currently.
Petey's UNVERIFIED transfer agent can't even get him info on unrestricted vs. restricted shares.
Petey needed the lawyer's opinion letter so that restrictive legends on shares could be removed and so he could issue up to 3 billion more dilutive shares at steep discounts to the current share price. Toxic financiers usually immediately dump those shares on anyone gullible enough to buy them - not much buying interest at these high prices.
So the reverse split is imminent?
1:2,000?
Make sure that Petey knows that he first needs to get that pesky little ADMINISTRATIVE HOLD and delinquency in Nevada fixed.
Pretty pathetic that the lawyer relied on a serial-fraudster CEO of HPNN and did not notice that HPNN files apparently FALSE financial disclosures. The $9 million HPPN liability that CEO Petey went to court to explain why he had no assets to pay.........HPNN did not disclose it, despite being required to do so by securities laws. Seems like stock fraud to me.
Stock issuances = massive dilution.
Likely issuing at 60% discounts to toxic financiers who can immediately sell to lock-in their profits. They will need a flurry of stock promotion to help them do it, though, because there is almost no buying interest.
Many did see the tweet that Petey indicated he had what he needed (for the dilution to ramp-up). It was that he found a layer to provide an opinion letter so restrictive labels could be removed and unrestricted dumping could resume.