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HPNN can't pay obligations
and deeper in debt than they have ever been is the headline.
And massive liens, including one over $9 million (interest accruing).
Note: HPNN failed to disclose this debt in their filings, though the CEO knows very well that it exists, just like the Sector 5 debt/lien.
Wow, so no funding at all? 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.
Neither HPNN or Peter can have money in the bank. It is subject to seizure by lienholders trying to get their money from HPNN and its CEO.
Any and all assets can be seized, whether current assets or assets obtained in the future.
Petey needs to generate a little hype, likely this month, to allow dumping of shares into the share pool.
Many of these such trades will show up as ? on IHUB trades.
After all, he has no known source of any income, yet needs to pay lawyers and his $6K/month child/spousal support payments. The court-ordered probation for beating his wife severely requires Petey to remain law-abiding. Not paying child support would be breaking the law.
Reverse split imminent?
A $30 trade to paint the tape? OK.
Yes, CEO says funding did not materialize. They probably did a credit check on HPNN and the CEO or realized the CEO beats women and children (per the courts).
HPNN is insolvent - can't pay its obligations.
Going on behind the scenes is the State of California and numerous lienholders and court judgment winners against the CEO and HPNN trying to get paid back.
Interest on these massive judgments and liens now is more than the original debts that HPNN owes.
Or one SEC action away from suspension, or one broken law or unpaid child/spousal support from the CEO being incarcerated?
I'm guessing the CEO will plan his stock promotion for a week or two, because he has so many payments to make before the end of the month, and he has 3 billion shares to dilute, plus he has been advertising that he will also accept cash investments paid directly to money-launderer-convicted Petey in return for equity (to the detriment of HPNN investors).
Petey is already refusing to pay back loans he promised to pay and cannot keep any real assets in HPNN accounts or his personal accounts, because they can be seized.
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
I believe the acting CFO quit. Pretty much a mail-order CFO.
Yes HPNN delinquent filer-
HPNN no longer current - ouch
Maybe CEO Petey should try to find out why Nevada has put his corporation on Administrative Hold and why he has not filed the required annual report paperwork (was due in March 2023).
Nevada has a new law, Petey. A Nevada corporation with its headquarters in another state must maintain a business license (Hop-On listed as forfeited in Cali) in all states they do business in.
And it seems more than suspicious that HPNN has 120 million preferred shares authorized (per Nevada filing), yet his financial disclosure indicates 29 million preferred authorized (all have been issued - most to Petey's LLC's).
HPNN market cap needs to drop 90% or more, and even then it would be overvalued.
HPNN keeps getting deeper in debt and can no longer pay its bills.
Not one single trade so far today?
Looks like Petey refusing to name his mail-order CFO and that there is no launch of anything but a $49/month squarespace page possible (no funding for anything) is making investors avoid HPNN like the scam it has been for years.
HPNN - still on Administrative Hold. Still no required filing of the annual list of officers, which was due in March.
Petey, they caught you with their new law requiring any Nevada corporation to have a valid business license in their headquarters state. HPNN is "forfeited" in California.
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
SEC could suspend HPNN at any time. They have more than enough to shut down the fraudster CEO of HPNN, IMO.
Price target is $0.0001, but will likely be at no bid
HPNN no longer current. Oh my.
Wow - all funding fell-through - HPNN can't pay any of its obligations, per the CEO latest disclosure.
Insolvent, likely need to file for bankruptcy, forced or voluntary.
No funding, no software teams. No apps submitted, not even a closed beta.
Massive volume - 8 shares traded so far today.
CEO is panic-mode tweeting ahead of his bogus fluffy Friday stock promotion lies
When one considers the time value of money, holding HPNN has been a big loss for almost anyone that has decided to not sell after holding that long. The money could have been put to work elsewhere or a trader could have bought and sold real companies or even other scams like HPNN.
HPNN is insolvent and even closer to bankruptcy, and a SEC suspension or revocation could make all shares worthless, like HPNN CEO Petey's Sector Five (now revoked by the SEC). He lost in court over his scam there and now owes massive amounts of money.
HPNN no longer current - ouch
Maybe CEO Petey should try to find out why Nevada has put his corporation on Administrative Hold and why he has not filed the required annual report paperwork (was due in March 2023). Nevada has a new law, Petey. A Nevada corporation with its headquarters in another state must maintain a business license (Hop-On listed as forfeited in Cali) in all states they do business in.
And it seems more than suspicious that HPNN has 120 million preferred shares authorized (per Nevada filing), yet his financial disclosure indicates 29 million preferred authorized (all have been issued - most to Petey's LLC's).
HPNN, did the last CFO resign after not getting paid? And I suppose you will have to hire one who at least graduated from 6th grade. And also one that doesn't mind the CEO being a serial fraudster that puts out false information in financial disclosures and lies almost all the time.
It is great to see that some investors can make money on insolvent and fraud-ridden companies like HPNN. I believe everything claimed.....yes, indeed.
Of course. I have found that most investors that brag were actually selling into the organized pump/dump hype that was being spewed by a serial fraudster CEO of HPNN and others. By the time they are done with the stock promotion with bullshit content about charting scam OTC companies like HPNN, they have already dumped, leaving those that listened holding the bag o losses.
Still other HPNN investors likely just want validation for something, so it is mostly lies in the content.
Mr. Curt left digitalage shortly after the court required him to appear as part of the court-ordered debtor exams for CEO Petey.
The acquisition of Curt's company, Vertuoso, apparently is "winding down" operations and ceasing to exist.
IT CAN"T LAUNCH. No funding, per the CEO.
Plus, any assets CEO Petey or his subsidiaries have or ever obtain, patents, licenses, etc. are subject to a court order to pay back money he refuses to pay back. They all can be seized.
Ask the CEO about this. He was served.
These are REAL liens, granted after real court proceedings. And some renewed against HPNN/Petey (as sole control person) until 2027, and they are huge. Just one lien is for over the entire market cap of HPNN (interest is accruing fast).
Peter Daniel Michaels has so many liens against him and his ailing Hop-On, which can't pay its obligations.
Here is one of them:
All property, assets, rights, real property and interest in property of Debtor, of any kind or description, tangible, whether now owned or existing or hereafter acquired or arising and whosesoevers' located including, but not limited to the following: All deposit accounts, accounts and accounts receivable of Debtor, whether now in existence or hereafter coming into existence all letter of credit rights: all chattel paper ( whether tangible or electronic) contract rights, instruments (including promissory notes), documents, general intangibles (including, without limitation, payments intangibles trademarks, service marks, trade names, patents, copyrights and licenses), inventory (including raw materials inventory, finished goods inventory, parts, supplies) and goods in process of debtor, whether now in existence or owned or hereafter coming into existence or acquired, whether located, and all returned goods and repossessions and replacements thereof: all vehicles, furniture, machinery and equipment now owned and hereafter acquired by Debtor (including all embedded software): all investment property: all supporting obligations, software and commercial tort claims: all accessions. Additions, replacements, and substitutions relating to any of the foregoing: all records of any kind relating to any of the foregoing: all proceeds relating to any of the foregoing (including insurance, general intangibles and accounts proceeds): All insurance policies insuring the foregoing property or any part thereof including unearned premiums and all refunds
CEO Petey lost his access to digitalage twitter site?
Might have happened because it looks like he has not been paying employees, and almost all employees who were showing association with it and Petey have removed digitalage from their employment on the linked-in site. Petey also previously lost access to his original digitalage twit site, too.
Not one single post there for over 2 months. I have DM'd him to dare him to post there to show that he has not been locked out. Response....crickets. LOL
Digitalage Inc
@go_digitalage
$HPNN
Apr 18, 2023
HNN no longer current - ouch
Maybe CEO Petey should try to find out why Nevada has put his corporation on Administrative Hold and why he has not filed the required annual report paperwork. Nevada has a new law, Petey. A Nevada corporation with its headquarters in another state must maintain a business license (Hop-On listed as forfeited in Cali) in all states they do business in.
And it seems more than suspicious that HPNN has 120 million preferred shares authorized (per Nevada filing), yet his financial disclosure indicates 29 million preferred authorized (all have been issued - most to Petey's LLC's).
Maybe CEO Petey should try to find out why Nevada has put his corporation on Administrative Hold and why he has not filed the required annual report paperwork. Nevada has a new law, Petey. A Nevada corporation with its headquarters in another state must maintain a business license (Hop-On listed as forfeited in Cali) in all states they do business in.
And it seems more than suspicious that HPNN has 120 million preferred shares authorized (per Nevada filing), yet his financial disclosure indicates 29 million preferred authorized (all have been issued - most to Petey's LLC's).
His financier also just shared part of a follow-up email to the FBI.
While I don't know what the allegations might have been. She/Her is apparently a large shareholder and financier he is not paying back as promised - He probably should not be messing with that woman, IMO. As expected, he has reportedly now blocked her and is not allowing ANY response to his stock promotion tweets - so much for free speech, right CEO Petey?
HPNN CEO - possibly wiring money from China? How will you try to hide wire transfers to line your pockets this time? You do know they are watching you closely, especially because of your felonious money laundering record and serious fraud history?
Hopefully you also saw this from one of your financiers...?
CEO Petey lost his access to digitalage twitter site?
Might have happened because it looks like he has not been paying employees, and almost all employees who were showing association with it and Petey have remove digitalage from their employment. Petey also previously lost access to his original digitalage twit site, too.
Not one single post there for over 2 months. I have DM'd him to dare him to post there to show that he has not been locked out. Response....crickets. LOL
Digitalage Inc
@go_digitalage
$HPNN
Apr 18, 2023
IT CAN"T LAUNCH. No funding, per the CEO.
Plus, any assets CEO Petey or his subsidiaries have or ever obtain, patents, licenses, etc. are subject to a court order to pay back money he refuses to pay back. They all can be seized.
Ask the CEO about this. He was served.
These are REAL liens, granted after real court proceedings. And some renewed against HPNN/Petey (as sole control person) until 2027, and they are huge. Just one lien is for over the entire market cap of HPNN (interest is accruing fast).
Peter Daniel Michaels has so many liens against him and his ailing Hop-On, which can't pay its obligations.
Here is one of them:
All property, assets, rights, real property and interest in property of Debtor, of any kind or description, tangible, whether now owned or existing or hereafter acquired or arising and whosesoevers' located including, but not limited to the following: All deposit accounts, accounts and accounts receivable of Debtor, whether now in existence or hereafter coming into existence all letter of credit rights: all chattel paper ( whether tangible or electronic) contract rights, instruments (including promissory notes), documents, general intangibles (including, without limitation, payments intangibles trademarks, service marks, trade names, patents, copyrights and licenses), inventory (including raw materials inventory, finished goods inventory, parts, supplies) and goods in process of debtor, whether now in existence or owned or hereafter coming into existence or acquired, whether located, and all returned goods and repossessions and replacements thereof: all vehicles, furniture, machinery and equipment now owned and hereafter acquired by Debtor (including all embedded software): all investment property: all supporting obligations, software and commercial tort claims: all accessions. Additions, replacements, and substitutions relating to any of the foregoing: all records of any kind relating to any of the foregoing: all proceeds relating to any of the foregoing (including insurance, general intangibles and accounts proceeds): All insurance policies insuring the foregoing property or any part thereof including unearned premiums and all refunds
No funding, no apps, HPNN is insolvent (per financial disclosure).
HPNN remains on Administrative Hold and still has not filed their annual list of officers with Nevada (state of incorporation). It was due in March.
Also, Hop-On Wireless is Permanently Revoked.
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
So it was all a lie by Peter (confirmed)?
There is no money or support team.
Sure hope regulators examine and track any potential wire transfers of cash to Peter Michaels. At least they are now aware, because they follow his stock promotion page. Anything will likely be used mostly to enrich the CEO, not pay back the $10-12 million he (and HPNN) owes.
Any money received is subject to seizure to pay liens and money owed to California.
And now we find he is putting out "insider" info to a shareholder and financier he refuses to pay what he owes. Sure hope no one trades based on insider info, since they will be just as liable as Peter.
So support team has been fired?
I see tweety Petey had to do his fluffy Friday rendition by putting out material non-public info (BS) just before the market close to keep it from closing at $0.0007
I see he has also stopped paying loans back again.
Well over 4:1 sell/buy ratio so far today. Not sure they are done converting the heavily-discounted toxic financing shares. That could take a long, long time.
after all this dilution, reverse split is likely and $0.0001 ($0.20 after the 1:2,000 reverse split) will seem much too high of a price.
Trades do not have to be reported at the time they are made, but sometime during the trading session.
Most are reported when they happen, though.
There are sometimes groups of trades that happen during the day at different prices, and those are typically reported as a T-trade at the average price of the trades.
Market makers are also just filling and trying to match customer orders with stinky pinkies like this, that are marked as unsolicited quotes only.
But yes, there painting-the-tape trades happening by individuals by putting in a small order at the ask to try to manipulate, but that is another story.