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If your business is suspended/forfeited (Like HPNN is)
You cannot:
Legally do business
Sell, transfer, or exchange real property
File with an automatic extension
Be issued a refund
Start or continue a protest
Legally close or dissolve your business
Bring an action or defend your business in court
File or maintain an appeal before the Office of Tax Appeals
Maintain the right to use your business name (Hop-On has lost rights to the Hop-On business name - someone else now owns the name)
Secretary of State (SOS) will deny your revivor request if the entity name is no longer available.
SOS will require your business to choose a new name
Retain tax-exempt status.
We revoke an organization’s tax-exempt status as of the suspension date.
Your business may be subject to a $2,000 penalty per tax year for failure to file missing tax returns within 60 days after receiving a written demand to do so.
If your business cannot pay its taxes, we may make you personally responsible if you:
Took assets out of your business
Have unpaid loans to shareholders
Paid excessive salaries to officers
Contract voidability
If you enter into any contracts while you are not in good standing, the other party can void the contract.
Unless you apply for, and we grant relief, your business contracts remain:
Voidable
Unenforceable
HPNN no longer current - bad news - just confirmed
Entity Name:HOP-ON, INC.Entity Number:C2878-1993
Entity Type:Domestic Corporation (78)
Entity Status:Administrative Hold
Annual Report Due Date:3/31/2023
Again, stock promotion is not one of your better talents.
Foul mouthed and deceptive? Hmmmmm
What exactly is deceptive?
So a basher is someone who posts DD that is critical of the scam that is HPNN and its Serial Fraudster CEO (per the courts)?
Are you willing to disclose if you got shares or other compensation in any form for your biased posting?
A reasonable person with reasonable intelligence would easily conclude that the HPNN CO has been scamming for many years, lies in its own financial disclosure numerous times, steals cash from HPNN and its own investors (per the courts), beats women, and can't own any assets like a car our a home.
So guess what camp that relegates you into? Nothing to be proud of, IMO.
Yet there is no buying interest.
I see you are still trying to dump your shares. Eventually you may be able to dump at $0.0001 or lower after the reverse split.
Many also think that, because HPNN is completely insolvent, it will declare bankruptcy or suffer a forced-bankruptcy.
So many creditors have already taken action against HPNN and the fraud CEO, including the State of California.
You mean the fake bidding?
Since you say you do DD, you would know that someone could put in a 40 or 60 million bid with an all-or-none qualifier to make it look like there is buying interest.
There is little chance that it would be filled.
For a few more dollars, someone could just put in a market order and it might be executed at the ask.
It shows that there is little or no actual buying interest.
HPNN Assets - walking bankruptcy
Jun 30
ASSETS 2023
Current Assets
Checking/Saving $32
Accounts Receivable 0
Total Current Assets $32
He is a part-time mail order employee.
As long as he gets paid his initial retainer cash up-front and gets paid by the hour for services, then he will provide services.
As most note, Peter does not pay employees or any of their obligations.
Ask Curt Doty about this. Curt was forced to attend court-ordered debtor exams to explain any assets that HPNN and digitalnothing have/had as part of the asset seizure process against HPNN and its serial-fraudster CEO.
The HPNN CEO needed a part-timer to help the CEO con others into providing funding, since funding fell-through (per the CEO).
Note: Just one of the asset seizure liens against HPNN amounts to over 3X the current HPNN market cap.
Since you claim to do DD as part of your stock promotion farce, you would also notice that HPNN has just $32 in total assets.
No, HPNN is a serial fraud company, per the courts.
It has $32 in total assets.
It cannot pay ANY of its obligations.
You have got to be kidding. HPNN has basically lied about everything, and you know it.
Even worse, the HPNN CEO beat a woman so bad he was charged with 5 felonies.
He has, in the past beat another woman and his own kid, per the courts.
So you decide to accept your stock promotion role knowing all that?
You do realize you have to disclose any monetary, shares, or other compensation as a stock promoter.
Curt Doty has nothing to do with Peter or digitalnothing.
HPNN announced it had acquired Curt's company, then we find out the acquisition actually never happened.
HPNN falsely claims it did acquire it, though, but I have confirmed HPNN lied about the acquisition in its financial disclosure.
don't blow another gasket and get hospitalized again. the covid fog apparently still has not resolved.
No worries. You will eventually get to unload those shares, but hopefully you can get out with less loss at $0.0004.
No one blames you for wanting to dump HPNN. Just get in line.
If you contact them, Peter will usually hit you up with something like, "Buddy, do you have any spare cash laying around."
He will want you to send the cash, not buy shares.
He was even advertising that he would be selling "direct investment" in digitalnothing.
Well, for HPNN investors, this would mean Petey is arranging to have HPNN investors own a smaller and smaller portion of digitalnothing.
That is.....if it is really a wholly-owned subsidiary. I still have my doubts about that, since he only changed that note from "affiliate" after he was getting a bunch of comments that HPNN did not own any of it.
Carl, there are some that have only relied on what the serial liar CEO has told them, so I can't exactly blame them.
I'm guessing many that have done more DD recently and experienced the lies from Petey are not as bullish as they may have been.
OTC stinky pinkies are high-risk, but sometimes can be high-reward. While I mostly invest in listed stocks and index funds, I do like to play the put/call options to satisfy my higher-risk gambling "fun" or to help insure or enhance a long position.
Shallow Hal, however, has HPNN as his only investment. Hal mentioned that he is just trying to get out...waiting for a little pump/dump stock promotion to help.
There may be one or two, given that many still believe the BS the CEO puts out.
HPNN is basically a walking bankruptcy. Their cut-n-paste financials are a joke and filled with lies that many here have called-out.
Now there are some that think Peter will just walk away from HPNN and let it get revoked like the CEO's other company Sector 5 (SFIV).
Reading comprehension not your best suit?
When you were buying at massively-higher prices earlier, you apparently believed there was funding. Then the CEO finally admitted that all funding fell-through.
HPNN financials show no evidence of funding - they have $32 in total assets.
There is no platform or launch. Just a simple squarespace page.
CEO Petey has been lying to investors since he started his scams.
Looks like no one is willing to buy those shares you have been trying to dump for a while, now.
New price target $0.00005.
Based on the company having no business operations and claiming as an asset a "contract" on property they actually don't even own outright....just a contract/liability they use to be able to show and "asset". Look at their financial disclosure - it is all there.
There is a reason there is an arrest warrant out for the former CEO. It will take convincing to believe that the current executives are not spewing BS to help dump massive amounts of dilutive shares.
Well, do more DD. If they really got money, since digitalnothing is supposedly a wholly-owned subsidiary
(it is actually 100% owned by one person, not HPNN), the bond/money would be on HPNN's books. HPNN's disclosure shows they have $32 in total assets.
When a CEO is proven to steal $ from his own investors, customers, employees, and HPNN to funnel into his own pockets, there is no reason for investors or financiers to trust HPNN with a dime.
There never was any bond funding. There was a letter of intent, but obviously a real financier would notice right away through DD and credit/background checking that HPNN is a failed entity based on fraud.
Heck, just one lien against HPNN/CEO is for $9 million, more than 3X the entire HPNN market cap.
I do like it when the CEO goes ballistic when I DM him to ask why he can no longer post on his digitalage twitter page.
I guess when you don't pay employees that have access to the page, you risk getting locked-out if they change your login info.
Two posts on @go_digitalage since April. And the same happened him (got locked-out) at the previous @godigitalage stock promotion twit page in 2022.
He now is blocking employees from posting to ask why employees have not been paid. The CEO is a real scumbag, as most already know.
Still not seeing any evidence of plusses.
It is your money. Invest as you see fit.
HPNN got enough money from a loan he refuses to pay back for a "pitch deck". This is simply a bunch of pretty graphics from his simple squarespace shared-nameserver web page. He needed the pretty pictures to attract more gullible investors to give him more money he refuses to pay back or to help absorb the shares being dumped to slow the progression to no bid.
With massive ($250K+) back child support due and new $6K/month child/spousal support needed to be paid to the woman he beat severely, no job or real source of income; the CEO can only get $ from gullible investors or loan money he has in the past been known to funnel into his pockets (per the courts) to fuel his narcotics problems in the past(?) and to fuel his lavish lifestyle.
an administrative hold on HPNN is VERY serious
That means that Nevada has found something seriously wrong and has likely referred HPNN to the secretary of state or even prosecutors.
That hold has been in place since early 2023, and HPNN can't get off the hold.
HPNN also was supposed to submit its corporate update and list of officers in March but failed to do that.
HPNN's authorization to conduct ANY business has also been "forfeited".
This means HPNN can't conduct business, defend itself from lawsuits (it loses by default EVERY time), or bring a lawsuit. It also means HPNN cannot enforce any contracts it may enter into.
If one were serious about DD, one might start with old IHUB posts (2-5+ years-worth and more) and then do DD to confirm the validity of posts and claims of the CEO's massive fraud, felonies for money laundering and financial fraud, beating a woman so bad it resulted in 5 felony charges. The CEO is currently serving the sentence imposed.
Research? Nope.
California has taken action to approve liens on any assets HPNN has or ever obtains. This includes the digitalage private company, owned entirely by HPNN's CEO (not HPNN itself). It also includes patents (HPNN has none, despite the claims from the CEO). This also includes all accounts receivable and any proceeds from any business activities. It also includes proceeds from any financing activities - Peter has been hauled into court numerous times for debtor exams to explain why HPNN and its CEO (as sole control person) can't pay ANY of its obligations.
Now the CEO is further making HPNN worthless by the CEO selling-off equity in the private company for cash to put in the CEO's pockets (
not HPNN coffers).
HPNN can't carry any real assets - they can and would be seized to pay creditors and lienholders.
HPNN is doing none of what you think they might or could do.
They don't even have anyone left working on any platform, because HPNN does not pay employees.
Since you claim to have done DD, you would know that the CEO does not do anything he promises.
You would also know that HPNN is financially insolvent and can't pay any of its bills.
You would also understand that because HPNN is insolvent and has no money and can't pay its bills,
Peter panic-tweeting again, but free speech Petey is allowing no responses from his shareholders.
Likely dumping shares as fast as he can.
Peter panic-tweeting again, but free speech Petey is allowing no responses from his shareholders.
Likely dumping shares as fast as he can.
HPNN is a proven scam. Here is one of them (his indictment).
https://www.sfgate.com/business/article/hop-on-ceo-indicted-2621739.php
Here is more on the CEO's stock fraud
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=161700170
Wow, they have never done an 8K....ever.
The quarterly disclosure are filled with lies and FALSE information, as has been proven false numerous times.
You will never have any verifiable information found on the notes. EVERY lender has taken HPNN to court and HPNN has lost in court EVERY time. They have NEVER won a lawsuit.
They are incorporated in Nevada. Nevada placed HPNN on administrative hold last spring and HPNN can't get off administrative hold.
Hop-On wireless is permanently-revoked in Nevada.
Hop-On is listed as "forfeited" for its California-required business license in its headquarters state. California is still trying to get HPNN to pay taxes - it has refused to pay.
HPNN has no funding, is flat broke ($32 total assets), has no business license, owes at least 3X the market cap in liens with $9 million owed to just one person.
Note that they have defaulted on many loans and bridge loans and refuse to pay the lenders back.
There was never a closed beta launch of anything. It has always been a simple squarespace page.
and there is nothing to launch.
Stock promotion is not your best suit.
it was going to launch in 2021, 2022, and early 2023.
Peter already had a supposed closed Beta invite only.
I am on influencer on the invite list, but the conditions required make me think "scam alert".
No one would ever give Petey their financial or banking information, IMO.
He steals money from customers AND his own shareholders, per the court. He uses proceeds from his frauds to fuel his lifestyle.
He has no real source of income, but has $6K/month child/spousal support payments each month, a divorce after beating his wife that will take everything he has, and he also owes well over $200K in previous back child- support for his other spawn.
If you truly did any DD (I'm skeptical), one of the first places to look would be on IHUB. Most of the critical posts/opinion here all have basis on fact3 and can be verified. `
1:10,000 reverse split?
I saw the newest price target from Chartmeister indicating it will soon be $0.00005
No wonder he is trying to dump all his shares at a huge lose before it hits no bid, $0.00005 ask.
They changed the digitalage password on Petey? Former employee that did not get paid? DM'd Peter a few times and dared him to post once there to prove they did not change the password on him, like they did the first version.
Petey, not paying employees is wage theft. If true, it is a serious crime.
Only 2 posts there since April. https://twitter.com/go_digitalage
So CEO Petey owes many noteholders and is refusing to pay them?
CEO says funding fell-through. Blames it on bashers, but everyone knows it is because HPNN is financially insolvent, can't pay its obligations, and HPNN refuses to pay any of its lenders back.
Jamie (Peter alias) agreed that HPNN is in dire financial condition in his twit post.
Chartmeister trying to dump shares at a huge loss, but still no one wants them.
nonsense - here is no Nokia patent license agreement- If HPNN had anything to sell or use that could use the patent license, then they would need to apply for the license and Nokia would likely let them use it if they paid for it. HPNN has NER paid for ANY licensing agreements, per their financials.
and you were never streaming on digitalnothing. They have no platform or apps submitted to google paly or the app store (HPNN promised it would in 2021, another lie)
digitalnothing - It is a simple squarespace web page. HPNN is using two "SHARED" nameservers.
HPNN bankruptcy filing likely
Most HPNN investors are hoping to sell at a huge loss, but there is no buying interest.
No funding - Need to know where to look
He posted the admission that all funding fell through on his X stock promotion page.
He now blocks his employees that keep reminding him they have not gotten paid.
Financiers that gave him money in the past have all filed UCC Liens to allow California to help recover money from HPNN.
Even California is trying to Get HPNN to pay them. California has not placed HPNN on "Forfeited" status, which means they are not authorized to conduct business, file lawsuits, or defend itself against lawsuits (HPNN loses ever court case "by default".
HPNN is insolvent, as anyone doing DD would already know.