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Just a squarespace webpage. No apps submitted (promised in May 2021).
And the private LLC digitalage is not owned by HPNN, or HPNN investors.
So both Curt Doty and Mike Johns have dumped CEO Peter, no longer affiliated with digitalnothing? Oh my.
HPNN remains on ADMINISTRATIVE HOLD
And Petey, how are those debtor exams going. HPNN and its CEO owe almost $9 million to one entity (per court judgment) that the courts and State of California are going after HPNN/Peter for. This on top of all the other liabilities HPNN cannot pay - HPNN is basically insolvent.
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
HPNN - big problems in Nevada
HPNN now on Administrative HOLD
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
With HPNN price target of $0.0001, most are staying tuned for HPNN bankruptcy.
Entity Registration & Business License Compliance Reporting
CEO Petey - you know Nevada now has a law requiring companies with headquarters out of state (California) to maintain a valid business license and be current (not suspended or FORFEITED) in their headquarters state. Maybe Petey should contact California regulators and tax authorities? Does Petey have a business license for his personal private company he owns , too? That could be a problem, since I see no business license anywhere for digitalnothing, the private company NOT owned by HPNN, but personally by its CEO, who is funneling cash from HPNN loans it is not paying back.
Title 7 of Nevada Revised Statutes allows the Secretary of State’s office to investigate complaints and take action against those found to be non-compliant with the filing and business license requirements necessary to do business in Nevada. Businesses which willfully fail or neglect to comply with registration requirements and/or fail to obtain and maintain a state business license pursuant to Nevada Revised Statutes may be subject to a fine of not less than $1,000, but not more than $10,000, to be recovered by a court of competent jurisdiction. The Secretary of State may refer any non-compliant business to the Attorney General's office or respective District Attorney for further investigation. Actions subject to complaint and possible administrative action pursuant to NRS include without limitation:
Conducting business in Nevada as a NRS Title 7 entity (Corporation, LLC, etc.) without filing the appropriate organizational documents (proper registration) with the Secretary of State.
Sole Proprietors, Partnerships, or others doing business in Nevada without maintaining a state business license with the Secretary of State.
NRS Title 7 entities conducting business in Nevada while in a revoked, permanently revoked, dissolved, merged out, or any status other than active or default.
Forms (the forms may be downloaded or completed online before printing. If you are unable to do so, please contact Customer Service at (775) 684-5708)
Entity Registration/Business License Compliance Report Form
Entity Registration/Business License Compliance Response Form
The complaint must be submitted on a form prescribed by the Secretary of State.
Upon receipt of the complaint the Secretary of State will review the complaint and determine whether the complaint may be resolved through the administrative process and if the complaint should be referred to another regulatory or enforcement agency for further investigation.
The Secretary of State may refer the information obtained in a complaint or through the associated investigation to other entities for further investigation.
After review if the Secretary of State determines the complaint may be resolved through the administrative process the complainant will receive a letter acknowledging receipt of the complaint. A letter and a form requesting information will then be sent to the “respondent” (person who offered the documents to the Secretary of State allegedly in violation of NRS).
The respondent has 30 days from the date of the letter to respond. If there is no response, the Secretary of State will assume that the business is in violation of the statutory registration and/or state business license requirements and the complaint will be forwarded to the Attorney General or respective District Attorney for further investigation.Non-compliant businesses may avoid further investigation by submitting the required forms and fees to the Secretary of State.
HPNN now on Administrative HOLD
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
Not one buy column trade today.
https://ih.advfn.com/stock-market/USOTC/hop-on-pk-HPNN/trades
Countdown to bankruptcy for HPNN
HPNN is completely insolvent already. Countdown has begun.
The serial fraudster CEO and wife-beater Peter D Michaels is in complete panic-mode.
He probably didn't expect potential funding to require credit and criminal background checks of the CEO and HPNN.
HPNN supporters running away fast - no funding
More lies from the CEO, as usual. Here is just a couple responses that show Petey is lying once again.
HPNN flat broke - no funding
HPNN can no longer pay its obligations and is, in fact, refusing to pay its obligations.
Even worse, HPNN disclosed that it owns no part of the simple squarespace website digitalage.
No breakout - just over $1,000 in HPNN shares traded. No buying interest, especially with the new $0.0001 price target and HPNN losing all funding due to having a felonious serial fraudster and money launderer as CEO.
It didn't help that the CEO is a known wife (and child beater), now convicted of the crime.
Only if Petey supplies her with enough nose candy, IMO.
Petey seems to have that weird clenched jaw problem common with narcotics addicts, IMO.
The fact that he (HPNN CEO) continues to not pay back loans is troubling. One wonders if the money just went into his pockets and to support dependency?
$HPNN bankruptcy filing
Anticipating that to be sooner rather than later.
HPNN can't even pay its bills anymore.
and influencers are laughing that the Private digitalnothing is just a squarespace webpage with no apps, no working beta, no users, and Peter is now trying to solicit direct investments in the non-working digitalnothing. Well, CEO Peter Michaels is best known for being a serial fraudster (per the courts), a felony money launderer (per conviction), and a felonious convict for obtaining money by false pretenses (felony fraud conviction).
Looks like no funding - CEO Petey is panic-stricken. Can't pay obligations, restitution, employees.
What happened to (did they flee, too?):
What happened to Doty, Andreas, Mike Johns, Frank Nitty, funding in 45 days, solid updates??
HPNN & digitalnothing - flat broke
No funding at all - finacially insolvent
Still others now know that HPNN (and HPNN investors) own no part of the private company digitalage. CEO Petey is now peddling directly selling equity in that private company, confirming it is not a HPNN-owned subsidiary (also confirmed in HPNN financial disclosure).
I'm guessing his $6K/month spousal/child support debt is piling up, and his probation requires him to be law-abiding. Purposely evading child support is against the law, Petey.
Apparently investors (and shorts) learned that the CEO's funding fell-through?
I see there are a whopping $60-worth of HPNN shares short.
They must have done a credit, lien, and criminal (felony,etc) background check on CEO Peter Daniel Michaels. One of his felonies (convicted) was for money laundering. One other felony he was convicted for was for felony obtaining money by false pretenses.
Can't think of a single financier that would loan Petey the price of a happy meal.
40:1 sell/buy ratio today so far
Shorts - no need to cover - price target now at $0.0001, but likely will be at no bid.
not nonsense.
But HPNN CEO Peter Michaels is listed as a debtor on a huge lien against Sector 5. And HPNN and Petey are liable for a judgment (court) lien of close to $9 million (interest is accruing), and HPNN did not disclose this in their financial disclosure.
Who does he NOT owe money to?
Seems he is so desperate that he is soliciting cash for a direct investment in the non-existent platform, and disclaiming association with HPNN. So we are right, HPNN owns no part of the private company? Ouch for HPNN investors or anyone who loaned money to HPNN directly. Stand in line, there may be nothing left. And Petey will blame it on the shorts while it goes to no-bid.
Really - not selling anything anymore. But CEO Petey was/is deeply involved and he and HPNN are on the hook for a lot of money.
My 2017 prediction likely was pretty spot-on. Petey - where did that money go? and did you collect sales tax and/or federal tax on proceeds if it went into your account? https://investorshub.advfn.com/boards/read_msg.aspx?message_id=127672217
and proof the HPNN CEO was involved in the fiasco that the SEC had to revoke.
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=127818823
No, Petey says it is just a squarespace webpage. No apps have been worked on or completed (he is not paying employees anymore).
A clunky non-working squarepace page like digitalnothing will open on any smartphone with a browser.
Apparently there is no funding, either. Must have done a criminal background, lien, and credit check on Petey and HPNN. All they could find is a history of fraud.
Huge lien for $HPNN from Sector 5 disaster by HPNN CEO, due to his loss in court. CEO Peter was likely putting money for purchase orders directly into his own pocket, then not delivering product. Peter scumbag Michaels is known for felony money laundering and felony obtaining money by false pretenses.
...................from previous post
Another Lien - Green Frog Fund and Sector 5
HPNN CEO was funneling cash in the form of no-interest, no payback term loans from HPNN investors directly to his other companies and got caught. Sure hope he reported cash proceeds if the cash went directly into his pocket.
Sector 5 was revoked by the SEC
Debtor Name GREEN FROG FUND, INC.
Debtor Address 31938 TEMECULA PKWY STE A323, TEMECULA, CA 92592
Debtor Name HOP-ON IP CALIFORNIA, INC.
Debtor Address 42105 FABER CT, TEMECULA, CA 92592
Debtor Name HOP-ON, INC.
Debtor Address 42105 FABER CT, TEMECULA, CA 92592
Debtor Name MICHAELS, PETER DANIEL
Debtor Address 31938 TEMECULA PKWY STE A323, TEMECULA, CA 92592
Debtor Name SECTOR 5, INC.
Debtor Address 31938 TEMECULA PKWY STE A323, TEMECULA, CA 92592
Secured Party Name C T CORPORATION SYSTEM, AS REPRESENTATIVE
Secured Party Address 330 N BRAND BLVD, SUITE 700; ATTN: SPRS, GLENDALE, CA 91203
Wonderful and insightful post - thank you so much for the contribution to the discussion.
BTW - I am not the only one that has used the SEC tipline to report the serial fraudster and 3-time convicted felon CEO of HPNN for the FALSE financial disclosures he puts out.
The more that file complaints, the more chances that the SEC suspends HPNN.
What if SEC suspends HPNN early next week?
They revoked the (SEC Registration) shares of his other company Sector Five and would not allow it to be traded anywhere. CEO Peter owes a ton of money for the lien on Sector Five, which he will never pay back (but any assets he has or ever receives can be seized).
Not one single buy column trade so far today
Looks like investors found out that there is no funding at all and CEO Petey has been lying all along.
There are only two servers. Both expire in April.
And now we find that HPNN (and HPNN investors) own no part of digitalage, but HPNN is responsible for over $2 million in debt to the private LLC digitalage.
The two servers are:
Name Server: ADDILYN.NS.CLOUDFLARE.COM
Name Server: JAIME.NS.CLOUDFLARE.COM
Looks like there is no funding at all (NONE)
I mentioned before that financiers do criminal background checks, lien searches, and require financial references, as part of due diligence.
HPNN and CEO Petey have no credit, massive liens and court judgments against them, and Petey owes tons of money for child/spousal support, lawyers, debt exams, taxes, business liabilities, etc.
HPNN is insolvent
No, it was not. They already had the servers all over the world, per Petey (that was a lie, too).
They are not paying employees, either, and most have already resigned long ago and reported Petey to regulators for wage theft (a serious crime), I believe.
We may also find that Petey was not withholding payroll taxes and remitting to the government, too. That is a serious issue, too.
There is no $5 million loan. If there was, all $5 million would need to go to pay back debts
Nope - HPNN flat broke again - no funding, either.
Now a reverse split (1:2,000) is being speculated.
I actually think forced bankruptcy is more likely.
ASSETS 2022
Current Assets
Checking/Saving $6,313
Accounts Receivable 0 0
Total Current Assets $6,313
HPNN owns no part of digitalage, per HPNN's latest financial disclosure. It is not a subsidiary.
New tweet about Petey & no funding
Note - Renee is a person that comments in IHUB about SEC suspensions and other actions against fraud-ridden or otherwise shady companies like HPNN
$HPNN price target $0.0001
Wow, largest trade so far today was for around $16-worth of HPNN shares.
Likely bankruptcy will be filed, since HPNN can't pay any of its obligations.
From Frank Nitty, the one CEO Petey was touting as his Hip-Hop buddy……apparently he may not have liked learning about CEO Petey’s 5 felony charges for beating a petite woman. Thanks for all those that let Frank know about 3-time convicted felon and serial fraudster Peter Daniel Michaels
No funding - HPNN is insolvent
Can no longer pay obligations and now we learn that HPNN failed to disclose it (and its CEO) owe $9 million to just one person, and the CEO has been ordered to attend court-arranged debtor exams to disclose financial conditions and any assets either may have (hidden or otherwise).
Nope- no launch - it is cancelled due to all funding being pulled because HPNN never pays back loans or court judgments.
HPNN is insolvent - can't pay its obligations.
HPNN claimed it had app store stuff ready to get approval in May 2021 - that was all a lie.
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.
Bad news - no funding, no launch
Even worse news - HPNN owns no part of digitalage, and can no longer pay its obligations.
Can't get loans because lenders do credit and background checks and HPNN has a whole series of loans and liens against assets that it refuses to pay back.
So they did a credit check and criminal background, as well as lien search on HPNN and CEO fraudster Petey?
Petey should have known his scamming and serial fraudster and criming ways are all public information. No wonder funding fell-through.
Investors also now know that HPNN owns no part of the non-working squarespace page digitalage, so HPNN investors own no part of it, either. Not listed as a subsidiary and not listed as an "asset" in HPNN financial disclosure.