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It will never be fully audited. Heck HPNN can't even get a verified transfer agent
Major problem for HPNN in Nevada, since wife-beater CEO Petey can't even run a company?
Administrative Hold placed on HPNN by Nevada SOS - also no business license, lost the rights to Hop-On name, not paying California taxes, massive liens against HPNN assets (that's why HPNN can't keep any assets and why Petey has to live in momma's house)?
No, everything is not WELL
New price target $0.0001?
Likely see no bid with HPNN bankruptcy, since it is clear HPNN is insolvent and cannot pay any of its obligations.
Reverse split in the works?
Unfortunately, Petey has to get out of ADMINISTRATIVE HOLD status in Nevada first.
and HPNN is delinquent in filing its annual report in Nevada, which was due almost 1 month ago.
Dilutive shares converted/dumped?
Petey has 3 billion newly-authorized shares he can issue at 50%-60% discounts, and those would be unrestricted and could be immediately dumped to lock-in their profit.
He needed a lawyer to believe his BS and put out an opinion letter, so toxic death spiral financiers can convert and dump dilutive shares with no restrictive legend on them.
More bad news from the CEO
Specifically, the indictment said Michaels and others "cosmetically modified" an existing casino software program to make it look as if WWWC had created its own new program.
So much can be learned about the serial fraudster CEO of HPNN with a simple internet search using "Fraud" and "Peter D Michaels"
https://www.sfgate.com/business/article/Hop-On-CEO-indicted-2621739.php
Not one trade in the buy column today? Oh my.
HPNN still not current
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
More bad news from the CEO
Search "Fraud" and "Peter D Michaels" in your search engine.
Massive amount of fraud, lies, and deception from the CEO who can't own any real property or assets, because the massive liens against him and the insolvent HPNN can seize it all from them.
It is no wonder a wife-beater (confirmed) CEO like little Petey lives in mommy's house, because he can't even pass a rental background/unlawful detainer check.
Did anyone take my advice
and do an internet search of "Peter Daniel Michaels" and "Fraud" yet?
Very revealing. Just imagine any potential financier doing DD that didn't do this and their compliance department finding out.
Now we find that HPNN is flat broke and can't pay ANY of its obligations.
Dilutive shares ready to be dumped?
Petey has 3 billion newly-authorized shares he can issue at 50%-60% discounts, and those would be unrestricted and could be immediately dumped to lock-in their profit.
He needed a lawyer to believe his BS and put out an opinion letter, so toxic death spiral financier can convert and dump shares with no restrictive legend on them.
Never sold at higher prices? Oh my!
I guess investors with shares worth a few hundred bucks total decided they can afford to lose it all and continue to support a CEO that is best known for fraud and lies and beating women.
I do hope some investors are able to get out with less loss, but agree it is their choice to make. Most do a simple search of the CEO's name and "fraud" and run away fast.
NEW PRICE TARGET $0.0001
Expecting it will be at No Bid, $0.0001 ask as investors realize HPNN can't pay ANY of its obligations and any assets HPNN has or ever might obtain are subject to seizure.
Ask CEO Petey about his tax problems, too.
In what way is it nonsense?
Please explain in detail. Seems correct to me.
On 1 buy trade all day so far?
HPNN did get an opinion letter from their lawyer who doesn't really rely on much but the false financial disclosures and a non-verified transfer agent.
They needed this so the toxic death spiral convertibles could be dumped by the billions of dilutive shares without a restrictive legend
CEO Petey is against free speech and is afraid of letting anyone comment or ask questions about HPNN's financial insolvency on his stock promotion pages.
He relies on new victims to keep doing what he does, IMO.
He also relies on them not doing DD until after they fork over $ that likely will never be paid back.
Dilutive shares ready to be dumped?
Petey has 3 billion newly-authorized shares he can issue at 50%-60% discounts, and those would be unrestricted and could be immediately dumped to lock-in their profit.
Someone like Elon would just do a search for "Fraud" and CEO Petey's name and burst out laughing.
Then, he would find out that a CEO of a public company recently admitted in court he severely beat a woman and was charged with 5 felonies and then got convicted. Law enforcement/probation can enter his residence, vehicle, or any other time for ANY reason (or for no reason at all).
Provisional patents are worthless. He has spewed the same BS like this several times before.
He goes out and finds something interesting, writes a few paragraphs about it and claims to submit it.
Provisional provides no protection, just is used as a placeholder. None of his previous claims of provisionals ever came to fruition.
As long as he can keep attracting gullible investors to buy shares being dumped by others that now realize just what Petey does (lives with momma at close to 60 yrs old), the share price tanking can be slowed down for a bit.
Dilutive shares ready to be dumped?
Petey has 3 billion newly-authorized shares he can issue at 50%-60% discounts, and those would be unrestricted and could be immediately dumped to lock-in their profit.
More on Petey's stock promoter
The truth of the matter is that Proactive Investors is little more than a so-called “pump site”, an “information” outlet that is regularly employed by many so-called “dubious” publicly listed companies in order to put out paid for puff-pieces whose sole purpose is to drum up interest among retail investors for the shares of its clients.
Consequently, promotion is one of the biggest red flags a publicly listed company can raise as it is more often than not an indication the company in question is struggling and needs to resort to paying for promotional material that paints them in a favourable light in order to stand a chance of attracting any sort of investment. Understanding paid stock promotion is a crucial tool for traders who seek to discern how “genuine” a stock’s price action is, which can prove invaluable when choosing and timing trades.
it wasn't an interview, and was not done by a journalist. The stock promotion company gets talking points coordinate with Petey ahead of the stock promotion production, which the promo company says is not suitable for any person outside of Canada (are they in trouble with the SEC for promotion in the USA?)
If it was a journalist asking questions, he may have asked Petey why HPNN is now on administrative hold (no longer current), can't get a transfer agent promised a long, long time ago.
He may have asked why HPNN can no longer pay liabilities and now has massive liens against any assets HPNN has or ever will obtain.
He may have also asked why Peter has not resigned, after being convicted of beating a woman (not the first time) after being charged with 5 serious felonies.
He may have asked why CEO and serial fraudster Peter did not disclose (on financial disclosure) the almost $9 million liability that HPNN owes just one person.
He may have also asked about all those employees HPNN has not been paying and if he is convcerned about possibly being liable for wage theft (a serious crime).
Investors do realize that that was a paid promotion, not a real interview, right?
You understand that the Company receives either monetary or securities compensation for our services, including for publishing articles, newswires, reports and other records by or on behalf of clients who are issuers or securityholders of issuers. Although our compensation is not tied to the completion of any financing or sale of any securities, we stand to benefit from any volume our write-ups may generate.
and
Unless otherwise stated, the Site is chiefly directed at persons in Canada and may not be relied upon by any persons outside Canada.
If HPNN is not paying employees, it could get placed on Administrative hold (loss of business license)?
Private employers have a strict deadline for giving former employees their final paycheck:
If the former employee was fired or laid off, payment must occur immediately.
If the former employee quit, payment must occur within seven (7) days or by the next scheduled payday (whichever occurs first)
Employers who miss this deadline owe their former employees wages for each day they go without their final paycheck (for up to 30 days). Employers also owe Nevada a $5,000 administrative fine for failing to pay former employees on time.
Former employees who are owed their final paycheck can seek payment by:
filing a claim with the Nevada Labor Commissioner (in some cases) or
suing the employer in civil court
If the employee sues and goes to trial, the court may even order the employer to pay punitive damages as punishment for withholding pay.
Pretty much everything about HPNN scamming for decades is spot-on so far.
And Petey, pretty sure the caps lock button works. Many investors use the shift key when a word needs capitalization.
Which is Petey is against free speech and is afraid of letting anyone comment or ask questions about HPNN's financial insolvency on his stock promotion pages.
He relies on new victims to keep doing what he does, IMO.
He also relies on them not doing DD until after they fork over $ that likely will never be paid back.
So Petey finally not writing his own tweets?
Pure stock promotion, IMO. Even using mostly content from his promo a year or two ago - failure to launch anything.
After all, he does have those new 3 billion potentially dilutive shares authorized. What's the going discount for a company with basically nothing and apparently still can't pay its obligations? 60% discount, and unrestricted so they can be immediately dumped?
Then a 1:2,000 reverse split may be warranted as the HPNN price approaches no bid. With any death spiral toxic stuff; the lower the price drops, the more shares need to be converted for the same 40 cents on the dollar proceeds. Like before, it will be in the best interest of shareholders.
Petey will have to fix that administrative hold problem in Nevada, first.
Patent License - more bad news
Simply means HPNN doesn't own the technology and it isn't even part of the squarespace page - someone else does. Also, digitalnothing would have to pay for a license to use others' property.
Neither digitalnothing (not owned by HPNN) or HPNN have any funds to pay for anything, let alone a license.
I also noticed that petey's private company apparently disclosed there are only "a couple" people actually allowed to try the squarespace page. Others of us who he accepted as influencers are not allowed to beta test the squarespace website. I wonder why the two are not allowed to comment (only through Petey, so he can prevent comments). There are no apps - Petey lied about that, too.
$0 revenue, $0 sales, basically NO ASSETS, almost no cash in the coffers, HPNN flat broke.
HPNN now on administrative HOLD - not good news.
HPNN business license now listed as forfeited, and HPNN lost the rights to the Hop-On name.
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
They also did not file their annual report with Nevada. It costs money to file those pesky reports and pay the fees, I guess.
SO HPNN OWNS NO PART OF THE PRIVATE COMPANY DIGITALAGE
it is not listed as an asset, there is no evidence of HPNN ever owning it, if you get the info from Nevada secretary of state, where the private company is registered.
HPNN can't carry assets. They can all be seized to pay all those liens against any assets HPNN has or ever obtains.
Wow, not paying staff?
Other employees have this same story, but as
So funding fell-through (did not happen)? Not good.
Apparently investors did credit and criminal background checks and found that the HPNN CEO does not pay back loans or other obligations.
Where did all the money go? Developers remain unpaid, bridge loans remain unpaid, and employees remain unpaid. I would like to know if you have any other companies running on the OTC at the moment. You did last year, right? Until it was delisted by the SEC. Is that not correct?
didgitalage - not owned by HPNN or HPNN investors
It is not a subsidiary, but a private LLC 100% owned personally by Peter Michaels
(Not HPNN).
It is not listed as an asset of HPNN, either.
HPNN can't really carry any assets, because all are subject to being seized to pay court-ordered money owed.
This is likely why HPNN never shows much for assets and very little cash on their books.
More than double the $7 million liabilities - HPNN CEO has been lying in financials.
HPNN lied about and additional $9 million owed - purposely omitted this liability from its financial disclosure - pure stock fraud by the CEO.
Another massive lien $9 million $HPNN
This one lien is much more than the entire HPNN market cap, all while HPNN is broke and can't pay ANY of its obligations.
Judgment Debtor Information:
Judgment Debtor Name Mailing Address
HOP-ON, INC., A NEVADA CORPORATION 31938 TEMECULA PKWY
A323
TEMECULA, CA 92592
Judgment Creditor Information:
Judgment Creditor Name Mailing Address
DAN GANNON 3150 PARADISE ROAD
LAS VEGAS, NV 89109
Judgment Information:
A. Name of Court Where Judgment Was Entered COUNTY OF ORANGE - CENTRAL
B. Title of the Action HOP-ON, INC. a corporation v. DAN GANNON, et al.
C. Case Number 30-2008-00104779
D. Date Judgment Was Entered 08/26/2009
F. Date of This Notice 05/04/2022
G. Amount Required to Satisfy Judgment at This Date of
Notice
$8,737,352.03
E. Date(s) of Subsequent Renewal of Judgment (if any)
05/01/2019
All property subject to enforcement of a Money Judgment against the Judgment Debtor to which a Judgment Lien on personal property may attach under Section 697.530 of the Code of Civil Procedure is subject to this Judgment Lien.