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That's exactly how it works. They rely on not telling investors about reverse splits, especially since AAPJ relies only on dilution to stay solvent.
If they R/S, it will just show up on the daily list before the market opens and it may take a few days for common investors to be able to sell the post-split shares, but toxic financiers can basically immediately dump shares before common investors.
One could keep checking the Wyoming corporations site to see if a formal filing/amendment shows up.
That's how many found out they raised the share authorization to 3 billion shares before others here found out.
They had already issued a ton more shares than were authorized.
CEO Michaels can't own a car or a house
the SEC revoked the registration of the HPNN CEO's Sector 5 company, now creditors and other are going after the CEO and HPNN.
Petey lost that lawsuit, too. Now Hop-On wireless is permanently revoked (HPNN disclosures lie and indicate it is only "not current").
I hope investors, if they choose, can get out of HPNN with less loss. Petey will test the waters on just how much info he can spew to "promote" the share price, hoping there are still gullible investors that don't do DD or aren't previous victims of HPNN.
Or the reverse split, which they won't tell you about until it happens, then common investors are trapped until they can trade again.
The CEO will probably give himself another billion shares or more.
Petey giving out share certs no one can deposit anywhere? And this is not the only one he gave "certs" to that brokers will not accept anywhere.
They fail to mention the dilution has been rampant
Outstanding Shares
The number of shares outstanding of our Common Stock was:
284.478,081 as of March 31, 2023
359.378,081 as of June 30, 2023
1,779.878,081 as of September 30, 2023
1,954,878,081 as of January 19, 2024
2,147,878,081 as of January 26, 2024
and just what else do they have to offer anyone or stay viable without even more dilution and toxic convertibles at a steep discount?
I guess if one is speculative, then have one's percentage-ownership of the market cap tank so precipitously in such short of time, with no real benefit to the balance sheet....may not be of concern.
Or it could get frontloaded and pumped/dumped again before most realize what happened again.
There is no platform, just a simple squarespace page hosted on a shared nameserver.
Peter probably planning to dump billions of shares before investors realize it. With no verified transfer agent, one can't even relay on their transfer agent. HPNN's agent has HPNN as its ONLY client. Big red flag.
Peter tried to pump it, but it didn't work well
Then someone pointed out the big problem with HPNN and being insolvent and likely to face bankruptcy. He had nothing to say after that.
Peter tried to pump it, but it didn't work well
Then someone pointed out the big problem with HPNN and being insolvent and likely to face bankruptcy. He had nothing to say after that.
HPNN - serious civil case - going after digitalnothing, too.
Orange County Superior Court (California)
Case # 30-2023-01348319-CU-CL-CJC
Person/Business Name Party Role Case Number Case Level/Type Filing Date
Digitalage, Inc. Defendant 30-2023-01348319-CU-CL-CJC Other Collections 09/06/2023
Hop-On, Inc. Defendant 30-2023-01348319-CU-CL-CJC Other Collections 09/06/2023
Peter Michaels Defendant 30-2023-01348319-CU-CL-CJC Other Collections 09/06/2023
John Woolen Plaintiff 30-2023-01348319-CU-CL-CJC Other Collections 09/06/2023
Yes, looks like a big dump
So many investors are hoping for a chance to sell, now that more know what a fraudster and liar the CEO is.
CEO mentioned reverse split
Looks like a pump/dump. CEO needs to dump shares for a little cash, because he owes so much money each month can has no income/assets to help pay stuff like his $6K/month spousal/child support.
HPNN bankruptcy - imminent
As most have noticed, the latest lawsuit is going after all HPNN assets, now or in the future, and also includes any assets/patents/licenses/proceeds, etc from the so-called digitalage.
Yes, I think he is recommending selling HPNN
Unfortunately, not much interest at these high prices with HPNN being basically insolvent.
He is still being the immature child on twit, but @jaimeeccles76 seems to be worried about HPNN bankruptcy coming sooner rather than later.
Apparently bought the failed sector 5 at near $5 and lost everything, now losing everything on HPNN after buying at super-high prices HPNN stock.
Even lies about HPNN's Peter having anything to do with cell phone charging (he did not).
I agree. They fail to mention the dilution has been rampant
Outstanding Shares
The number of shares outstanding of our Common Stock was:
284.478,081 as of March 31, 2023
359.378,081 as of June 30, 2023
1,779.878,081 as of September 30, 2023
1,954,878,081 as of January 19, 2024
and just what else do they have to keep offer anyone or stay viable without even more dilution and toxic convertibles at a steep discount?
I guess if one is speculative, then have one's percentage-ownership of the market cap tank so precipitously in such short of time, with no real benefit to the balance sheet....may not be of concern.
Or it could get frontloaded and pumped/dumped again before most realize what happened again. Good luck.
More dilution dumping again today. Not one single buy-side trade shown so far today.
Wow, even more terrible HPNN news.
This person slamming the insolvent HPNN and its serial failures, since inceptions. Not even one success in 20 years.
HPNN federal and state tax liens
Not only do4es Peter steal money from shareholders and those that lent him money to line his pockets, but even worse is he is stealing from American taxpayers. These massive liens are all public info.
More HPNN shares ready for dumping
Peter putting out fluff once again to try to get the most gullible of the gullible to buy some of the shares being dumped into the market.
Peter still has not contacted anyone that signed-up for the closed Beta, per latest X posts.
Apparently still just a squarespace web page on shared nameserver.
There is no platform or we would have been already invited.
and funding fell-through. What financier would give Peter money when he has so many court judgments, liens, and tax problems. Can't imagine he would pass any lenders' credit check, plus he has felony financial fraud and felony money laundering convictions.
Petey dumping shares for pocket cash again? Looks like it.
Now over 150:1 sell/buy ratio
Oh my!
Peter still has not contacted anyone that signed-up for the closed Beta, per latest X posts.
Apparently still just a squarespace web page on shared nameserver.
There is no platform or we would have been already invited.
and funding fell-through. What finacier would give Peter money when he has so many court judgments, liens, and tax problems. Can't imagine he would pass any lenders' credit check, plus he has felony financial fraud and felony money laundering convictions.
95:1 sell to buy ratio so far today (Tues)
1:2,000 reverse split or maybe 1:4,000?
Won't know until after they do it and investors are locked-out for trading for a few days while post-split shares are prepared to be able to trade by typical investors.
Massive, massive dilution.
The company has terrible financials.
Hopefully investors can sell before it gets stuck on no bid or they do a 1:4,000 reverse split.
Close to 100:1 sell/buy ratio so far today
More and more who do DD seem to think bankruptcy is imminent.
$0.0002's trading again. Soon no bid, $0.0001 ask.
Alert - There is no launch, no funding, and the latest lawsuit seeks to seize all digitalage and HPNN assets. Peter will lose that lawsuit, like he has lost EVERY other lawsuit filed.
Anticipating the big reverse split. They won't warn anyone. It will just happen.
Over 95:1 sell/buy ratio so far today
There really is negligible buying interest.
Everyone seems worried about that new lawsuit against digitalage and HPNN and individuals.
Peter has lost every single lawsuit, so prospects don't look good.
There is no evidence of posters currently being paid to post, and there has never been one piece of evidence of naked shorting here.
Short Selling Data
Short Interest
31,120 shares
or around $10 total shares short.
and what exactly is SCAMING?
HPNN now trading $0.0002's. No bid then reverse split. Unfortunately, Nevada won't approve a reverse split with HPNN being on Administrative Hold and no list of officers filed (due in March 2023).
HPNN bankruptcy likely. HPNN is completely insolvent. It has only around $330 total cash to its name, with basically no real assets and no way to pay any of its obligations.
It has no employees, per the financial disclosure.
HPNN is a scam run by a fraud CEO and you know it, and everyone can prove it.
Prove me wrong.
There is no launch, no funding, and the latest lawsuit seeks to seize all digitalage and HPNN assets. Peter will lose that lawsuit, like he has lost EVERY other lawsuit filed.
Will HPNN get revoked next in Nevada?
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:Annual Report Due Date:3/31/2023