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Defendant Peter Michaels (Hop-On) synonymous with FRAUD
Smokeless Select sued Hop-ON and Peter Michaels and won.
Peter took their cash (almost $100K) and then used it on himself, instead of delivering the product and being required to deposit the funds into HPNN.
The judge noted,
"Defendant Peter Michaels utilized funds from plaintiff paid to Defendant Hop-On, Inc. for personal expenses. The banking records of Defendant Hop-ON. do not demonstrate that is was involved in any business pursuit. Rather, it appears to have served as an alter-ego for Defendant Peter Michaels and as a conduit to fund his lifestyle. .....had no intention to secure the product for Plaintiff."
HPNN can't get Transfer Agent Verified status on OTC Markets
Huge red flag for investors. HPNN promised they would do this around 2 years ago, but we all know the HPNN CEO lies and takes money from investors and his own customers (steals money) to fuel his lifestyle.
What is OTC transfer agent?
Transfer Agent Verified Shares Program means OTC Markets Group’s program that enables eligible stock transfer agents to report their clients’ share data, including authorized and outstanding shares, to OTC Markets Group on a regular basis via a secure, electronic file transfer.
Transfer agents are hired by a company to maintain its investor records. In other words, this badge means that investors are receiving reliable share data, such as authorized and outstanding shares, from a trusted source. If a company cannot get its transfer agent verified, it is suspicious. It is no wonder the SEC and OTC Markets has long warned investors about the high risks associated with such stocks.
Doty is not with digitalnothing. And Vertuoso acquisition (Curt's Company) failed - HPNN did not acquire it and did not disclose in their filings that the acquisition fell-through.
Outdated? It was to HPNN CEO Petey today.
Very thoughtful and informative post - Thank you so much.
Feel free to contribute to the discussion, especially about HPNN's insolvent financial condition and the CEO's lies and broken promises, including not paying back those he promised to pay back what HPNN owes.
Reverse Split "In the Best Interest of shareholders". Oh really? Remember when CEO Petey claimed no reverse split and then those doing DD reveal he actually filed for the reverse split. Once those doing DD posted that fact, Petey frantically changed it to no split, probably because he no longer had the element of surprise to "trap" investors.....when a reverse split happens, most common shareholders are trapped (can't sell) for at least a few days until the reverse split is fully-implemented. This while the toxic convertible death spiral financiers are able to dump ahead of most common shareholders.
Ask the CEO why HPNN can't get current.
I understand why many investors don't seem to want facts and why HPNN's CEO purposely avoids free speech on his stock promotion page.
Most just want a pump/dump so they can get out with less loss, after learning that they are supporting a serial fraudster CEO that beats women and children (and apparently a dog).
HPNN - no longer current - ADMINISTRATIVE HOLD
Plus, HPNN was supposed to provide its update to Nevada in March but failed to do so.
HPNN's California business entity registration is now listed as "forfeited", which means Hop-On no longer has rights to the Hop-On business name. Someone else has now claimed it.
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
Annual Report Due Date: 3/31/2023
HPNN CEO resorting to panhandling for spare change. HPNN is flat broke
Market cap already 95% + too high.
HPNN disclosed it can no longer pay its obligations but failed to disclose the massive liens against any present or future assets.
HPNN price target now $0.0001
But HPNN CEO Petey's Sector 5 was actually REVOKED by the SEC, so HPNN may just go bankrupt or cease to exist, especially if it does not get its problems in Nevada worked-out.
Hop-on listed trademarks - more lies from HPNN
Hop-On only has one of the trademarks they list in their financial disclosure, filled with lies and omissions.
From Post #127067 from Dof
HPNN has not updated its share structure on OTC Markets site since February, and still have not been able to get "Transfer Agent Verified" designation, like most real companies do.
Many investors are scared of the truth about serial fraudster and 3-time convicted felon CEO of HPNN Peter D Michaels.
Maybe one should ask Petey why Nevada put HPNN on Administrative hold and why he still has not provided the updated list of officers to them (due in March).
And HPNN confirms it is FLAT BROKE, too.
HPNN has 3 billion authorized shares to dilute, so he will likely frantically put out BS on his stock promotion page to try to keep gullible investors buying the shares being dumped.
All trades today had $0.0007 bids.
Most investors are hoping for an effective pump/dump to get out with less loss.
HPNN is still FLAT BROKE and can't pay their obligations.
HPNN - no longer current - ADMINISTRATIVE HOLD
Plus, HPNN was supposed to provide its update to Nevada in March but failed to do so.
HPNN's California business entity registration is now listed as "forfeited", which means Hop-On no longer has rights to the Hop-On business name. Someone else has now claimed it.
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
Annual Report Due Date: 3/31/2023
Kinda like 2021 and 2022? Forced bankruptcy for HPNN?
$159-worth of buys all day today? Just two buys indicated by IHub trading algorithm.
Reverse split imminent? HPNN is FLAT BROKE and can't pay their obligations, per their CEO.
HPNN - no longer current - ADMINISTRATIVE HOLD
Plus, HPNN was supposed to provide its update to Nevada in March, but failed to do so.
HPNN's California business entity registration is now listed as "forfeited", which means Hop-On no longer has rights to the Hop-On business name. Someone else has now claimed it.
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
Yep, one hosts 67 or so other businesses, and the other....not quite sure.
Remember he had servers all over the world ready a year or two ago....he didn't.
They have two cloudfare nameservers now.
Pretty good for a non-functioning sguarespace platform.....not
There likely will be a fluffy or twit out tomorrow and then there is fluffy Friday , all likely to keep investors from dumping even more shares. Even the followers don't seem to want to get out their checkbook.....probably burned to much already.
HPNN - no longer current - ADMINISTRATIVE HOLD
Plus, HPNN was supposed to provide its update to Nevada in March, but failed to do so.
HPNN's California business entity registration is now listed as "forfeited", which means Hop-On no longer has rights to the Hop-On business name. Someone else has now claimed it.
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
Wow, so no funding at all? HPNN not current. Not good news.
I'm guessing HPNN will need to put out more fluff to slow down the share dumping and attract enough of his gullible followers to help absorb shares dumped and to dump shares for cash to pay his child support payments.
I see Hop-On is still on administrative hold with their corporate registration in Nevada.
It will not be pretty if Nevada permanently revokes Hop-On, like they did with Hop-On wireless.
Revoked, Revoked, Revoked - Every company CEO Peter has created is now revoked in Nevada, and Hop-On is on administrative hold, likely headed for default.
Revoked, Revoked, Revoked - Every company CEO Peter has created is now revoked in Nevada, and Hop-On is on administrative hold, likely headed for default.
Great Catch
Do your DD. I did, and HPNN is a POS stock with a serial fraudster (per the courts) in charge.
It is insolvent, flat broke, and can't pay its obligations.
I get it that many investors deep underwater in their holding would rather not have any real facts or DD posted. This is likely why free speech Petey Michaels does not allow responses from investors to his stock promotion site posts.
But your last post was so informative and really well thought-out. Thank you.
Yes, hpnn is not current. Enough said?
and hpnn is on administrative hold in Nevada, too.
That has nothing to do with the 3 billion more common shares he authorized.
Those share could all be issued at steep discounts, diluting current investors.
Petey was also trying to get investors to do private placements, which would dilute investors percent-ownership of digitalnothing's squarespace website. I see he failed to disclose how much of digitalnothing HPNN investors actually own, if they still own any part of it.
Per Nevada, that LLC is 100% owned by Peter and Peter only (not HPNN investors).
HPNN does have 3 billion more shares they can toxic financing dump at steep discounts to dilute and pollute current investors.
Plus, his filing in Nevada shows HPNN increased the preferred shares from 29 million to 120 million, so regular shareholders would likely own only a tiny, tiny portion of the company, upon conversion.
Bankruptcy filing imminent?
May have to reach out to the supposed new CFO of digitalnothing one of his twit followers revealed, to ask why he would associate with a serial fraudster and one who beats women and children, as well as has 3 felony convictions (including for money laundering and obtaining $ by false pretenses).
I see tweety Petey CEO is blocking former employees who complain that they were not/have not been paid their wages. Anyone found to not pay wages is involved in wage THEFT, which is a serious crime.
HPNN has less than $40 in real assets. It can't even pay its obligations or stay current with Nevada, where it is incorporated.
MM's only make a market for OTC securities like the insolvent stinky pinky HPNN to try to provide orderly trading. 99+% of all trades are electronically matched, not MM-assisted.
ASSETS 2023
Current Assets
Checking/Saving $38
Actually, Peter did not.
He does need to keep on hyping to help absorb shares being dumped.
It might help people dump their shares with less loss, because there are always gullible investors out there that don't do DD.
Peter disclosed - funding fell-through.
Financiers likely do a credit and criminal background check.
Credit rating likely lower than his IQ, IMO.
HPNN can't pay its obligations and is basically flat broke with almost no assets at all.
shareholders could sue, and they would win "by default" because HPNN has no business license in Cali (its headquarters state), so it can't defend against ANY lawsuits.
Petey would just tell them to :get in line" with all the others that have liens or won against HPNN in court.