Still sitting at a siding belching smoke

20K shares were bought at $0.00005. That's a $1.00 trade.

Only 41K shares traded today.

Still no filings on the OTC or on the Colorado Secretary of State website (to fix expired State business registration).

I don't know if Brucie Boy or anyone at the company even knows or cares.

HEMP is now a Dark or Defunct company

OTC Markets now classifies HEMP as a Dark or Defunct company due to their lack of reporting. The 2023 Annual report was supposed to be filed by April 1 or 2, but since the company didn't do it, and any data is more than a year old, it no longer trades on the Pink Sheets, but on the Expert Market:

From the OTC web site:

The weight of 29B shares holds it down

HEMP is at No Bid, and in the cellar

HEMP is at "No Bid" (Bid is $0.0000). Someone just bought 19.7M at the $0.0001 Ask in an effort to get a start on getting the bid back to $0.0001. Brokers CSTI and GTSM are showing 10K at $0.0001, but there's no knowing how many shares are behind those "iceberg" orders.

Unless he can pump it up, poor Bruce Perlowin may have to get his "CEO" to do a reverse split soon so the stock will continue to trade, but HEMP will probably have to issue its much-delayed financials before FINRA will approve an RS.

Yes, some probably new issues and share conversion

Yes, much of the increase in the OS is likely due to shares issued to Bruce (for consulting) and debtholders like John Fife for debt repayment, and those shares are probably restricted for a time. The dumping we see is probably shares coming off restriction.

Still, those 1.47B shares issues in the last month will eventually be sold once they're off restriction.

BTW, HEMP still hasn't filed the attorney letter covering the unaudited 2022 annual report, is nearly 3 months late in issuing its 1Q/23 disclosure statement, and in another couple of weeks, the 2Q/23 disclosure will be late as well.

HEMP Now Has 29,011,885,077 Outstanding Shares

OTC Markets shows that HEMP's transfer agent has reported that as of July 31, 2023, the company now has 29.0B outstanding shares. That's an astounding 1.47B share increase from June 30 2023! Since Dec 30, 2022, the number of OS has risen 16%.

https://www.otcmarkets.com/stock/hemp/security

The odds are that HEMP will soon go to "no bid".

Bruce Perlowin thanks you for buying these nearly worthless shares.

Institutional holder own less than $20 of stock!

Institutional holders own a total of 92,000 shares of HEMP stock, worth a total of $18.40 when the stock closes at $0.0002 (and $9.20 when it's at $0.0001, like after today's close).

It's a laughably small amount, and not even worth mentioning.

Meanwhile, nearly 200M shares were sold into the bid today, and the stock is slowly approaching "no bid" territory.

HEMP should perform another reverse split, but since the company hasn't filed the Annual attorney letter for 2022 and is two months late on filing the 1Q/23 disclosure, I don't think that FINRA will allow it.

If the stock goes to "no bid", they'll have to do something, as selling shares to repay debt is going to blow up the number of outstanding shares even more quickly.

HEMP's OS increased by nearly 1.3B shares in April

OTC Markets shows that HEMP's transfer agent has reported that as of April 28, 2023, the company now has 26,741,408,907 outstanding shares of the common stock. That's a nearly 1.3B share increase since April 1, 2023.

https://www.otcmarkets.com/stock/hemp/security

Bruce thanks you for buying these nearly worthless shares.

HEMP has raised the OS to 51B

I don't think there will be a reverse split for awhile, as on April 3, 2023, HEMP filed Articles of Amendment with the Colorado Secretary of State that raised the number of Authorized Shares from 40.6B to 51.2B.



By the way, according to OTC Markets, as of April 3, 2023, there are now 25,465,317,998 outstanding shares.

Bruce is asking $1.2M for AZ Veteran's Village property

He's bugging out of Arizona.

https://www.trulia.com/home/9570-W-Fietz-Ave-Golden-Valley-AZ-86413-248806444

HEMP's new website doesn't mention NC plant

FWIW, the "About Us" section of HEMP's new website no longer mentions the "85,000-square-foot" multipurpose processing center in Spring Hope, NC (and I don't think it's mentioned anywhere else on the site). Maybe it's an oversight and will be added later, but it's telling that the Industrial Hemp Manufacturing Company's (the official name of the plant), has been MIA for at least the last six months.

ihempman.com returns a blank page or a Godaddy "parking" page, depending on the browser used.

HEMP's OS has a 5-year CAGR of 54.7%

Maybe the CBD market will have a CAGR of 38.9% by 2030, but in the five years between the end of 2018 and 2022, the number of outstanding common shares of HEMP, inc has had a Compounded Annual Growth Rate of 54.7%, from 2.68B shares at the end of 2017, to 23.74B at the end of 2022.

As of 1/31/2023, HEMP's OS now 25.1B shares

Per HEMP's transfer agent as posted on OTC Markets, the number of outstanding shares on Jan 31, 2023 was 25,075,743,798. That's an increase of roughly 1.3B shares (+5.6%) from the end of December. At 0.0004/share, those shares cost the company (and shareholders) about $530K.

Since Dec 31, 2021, when HEMP's OS was 14.2B shares, the number of Common shares has increased by 77%.

Bruce and Gary Perlowin thank you all.

Some serious dumping in the last 90 minutes

Looks like nearly 360M shares were dumped in the last 90 minutes of trading. HEMP's Chief Visionary Officer, Bruce Perlowin, is starting the year strong. CEO Gary Perlowin is his rubber stamp:

As of Oct 28, HEMP's OS now 22.8B shares

Per HEMP's transfer agent, as posted on OTC Markets, the number of outstanding shares on Oct 28, 2022 was 22,782,192,709. That's an increase of nearly 1.9B shares (+9.1%) from the end of September. At 0.0004/share, those shares cost the company (and shareholders) about $760K.

That 455% 3Q/22 growth is only $59.4K revenue

FWIW, that 455% 3Q/22 revenue growth over 3Q/21's $10,695 means that HEMP only did about $59,357 in sales during the quarter that ended a week ago. Revenue for the first three quarters is only about $161K, but they usually show $750K+ in expenses per quarter, so again, it will be another big net loss for HEMP.

Probably won't RS. Jed/Bruce increased AS to 40B.

Bruce probably won't do an RS this year, because he and Brother Jed just filed Amended Articles of Incorporation with the Colorado Secretary of State that increased the number of Authorized Shares of the Common Stock to 40B, up 9.5B from the 30.5B set in August, 2018.

All of the authorized shares for the various classes of the Preferred shares, except for the Pref S, were reduced. Here's the pertinent section from the Amended Articles, followed by a table I made showing the changes from 8/18/2021:





Clearly, Bruce is planning to pump out a lot more new shares before an RS.

Q3: 10.7K Sales, $1.5M Operating Loss. Truly Pathetic!

Sales were down 98% from 3Q/20.

Nearly $670K in stock-based compensation, plus $3.8M in stock-based interest expenses.

The net loss was $5.3M.

As usual, Bruce overstates the company's assets.

It appears that they issued another $849K in notes during the quarter, but they're not dscribed.

And Bruce converted 81.26M of his Preferred K(P) stock into 812.6M shares of the Common.

He continues to drain the company to fund his lifestyle.

https://www.otcmarkets.com/otcapi/company/financial-report/310486/content

2Q Results supposed to be filed today

I wonder just how bad they'll be.

I get it now. Thanks!

Yeah, the ticker is confusing. The Canadian and US markets should coordinate this a little bit better.

And your point is? Hempco no longer exists

I'm not getting your point here. Hempco wasn't a part of Bruce Perlowin's Hemp, Inc, and in Aug, 2019, was acquired by Aurora Cannabis, another Canadian company.

It is a dead company, so of course some of its websites have been abandoned.

What is the point of posting information about Hempco on the Hemp, Inc message board?

That's not Hemp, Inc

That's not the financials for Hemp, Inc, but for a company with a somewhat similar name that trades on the Canadian stock exchange under the HEMP ticker symbol.

Fines in Hemp Inc. securities fraud case total $10M

https://hemptoday.net/fines-in-long-running-hemp-inc-securities-fraud-case-total-10-million/amp/

Links to the SEC v Hemp Final judgments

Here are the links to the final judgments for Hemp, Inc, Bruce Perlowin and Barry Epling:

Hemp: https://ia801406.us.archive.org/1/items/final-judgement-hemp-193/Final_Judgement_HEMP_193.pdf

Perlowin: https://ia801406.us.archive.org/33/items/final-judgement-perlowin-194/Final_Judgement_Perlowin_194.pdf

Epling: https://ia801500.us.archive.org/5/items/final-judgement-epling-195/Final_Judgement_Epling_195.pdf

Final Judgement in SEC v HEMP, Perlowin and_Epling

The final judgements in the case of the SEC v Perlowin, Epling, HEMP et al, were filed today on PACER, and I downloaded them (I'll get the Ferris Holding and Hobbes Equities filings another time).

Bruce must pay a civil penalty of $1.7M to the SEC, while Barry Epling will pay the SEC $8M. HEMP the company only owes $300K.

I'll upload the filings to my Internet Archive, and make the links available ASAP.

HEMP's Partner GreenTree AG: The Hemp processing line

Here are the photos the hemp processing line of Hemp's Wyoming "partner"m GreenTree Ag.

The first shows the line itself, while the second shows Bruce's partner, Justin Loeffler, with the machinery in the background. The link that follows the images is to the article where the pics can be found:





https://www.torringtontelegram.com/article/fields-of-green

Info on HEMP's Wyoming business partner

Y'all should look into Bruce's latest partner, Justin Loeffler, and his company, GreenTree Ag. It used to be called GreenTree Ag Ventures, LLC before Loeffler's business partner sued him and GreenTree in April, 2021 for misrepresenting how the $800K the partner invested into the company would be spent.

https://www.greeleytribune.com/2021/04/09/best-friends-square-off-in-lawsuit-over-failed-hemp-investments/

Loeffler then reformed the company as Greentree Ag, LLC in November, 2020, and filed for the HempBilt trademark in January, 2021. I don't believe that HempBuilt manufactures any hemp-composite products at this time, and the fences in the photos on its site appear to be artist renderings, not actual fences.

GreenTree's hemp processing equipment anywhere near as visually impressive as the derelict machinery that HEMP owns, but at least it appears to work. I'll post a link to an article with images a little later.

Q1: $14.3K Sales, $9.3M Operating Loss. Truly Pathetic!

Sales were down 87% from 1Q/20.

Nearly $8.6M in stock-based compensation.

The net loss was $12.36M.

As usual, Bruce overstates the company's assets.

Negotiations on the Settlement continue

The negotiations between the SEC and Bruce Perlowin/HEMP continue. A status report was filed on May 17. Here's a link to it:

https://ia601404.us.archive.org/29/items/settlement-status-5.17.21/Settlement%20Status%205.17.21.pdf

Pretty pathetic 2020 annual report

For the full year, a $5.3M operating loss on only $2.5M of revenue. The net loss for the year was $12.9M.

Based on the 3Q report showing first-three-quarters revenue of $2.467M, HEMP only generated about $49,500 in Q4 sales.

FL Kins Domain probably a Perlowin-owned company

I haven't been able to find a FL Kins Domain business, but on Feb 10, Bruce Perlowin created the "Perlowin Brothers Educational Fund, Inc", probably to fund his Kins Domain dreams.

I suspect that the FL Kins domain(s) won't be owned by Hemp, Inc, but Bruce will use company funds to promote it.

Here's a screen grab of the Articles of Incorporation filed in FL, and below that, the property records that show that Bruce owns the beachside home in Ft Pierce, FL (probably purchased May 14, 2019) where the company is registered:

FWIW, Authorized Shares raised to 31.95B

Haven't been around much lately during market hours, so surprised to see today's bump in HEMP's stock price and started looking around for some info.

I don't know if it's been reported here, but on 12/31/20, HEMP filed amended Articles of Incorporation with the Colorado Secretary of State, which have raised the number of Authorized Shares to 31.95B.

IIRC, it was 20.5B before the amendment.

https://www.sos.state.co.us/biz/ViewImage.do?masterFileId=20081027297&fileId=20208136807

Glad to hear Moran's in prison

Very good that former DEWM CEO Moran is getting what he deserves.

Thank you for your reporting.

Mr Bical has an interesting background involving fraud

I liked the respectful way that the press release kept referring to the auto dealership president as "Mr Bical". I had to hunt a little to find his first name and some background.

Turns out that Lilaahar (Sammy) Bical isn't as respectable as the PR implies:

Someone probably manipulating the stock

Too busy lately to watch NGRP, but notice that it ran up a bit.

Probably manipulation designed to create an impression that something is happening.

I think it's Bruce's brother, Craig

Keeping it all in the family.

So when will revenues be booked?

That was an interesting press release about WESCO, but when will revenues from this relationship begin to appear?

I mean, it gets OZSC products into WESCO's catalog (whatever those products actually are,) but it doesn't guarantee sales.

2,667,510,771 is the weighted average, not actual OS

Bruce Perlowin's 12/1/20 consent from SEC Case

Here's the important part of the consent agreement signed by HEMP CEO Bruce Perlowin on 12/1/20 in the case of the SCE v. Bruce Perlowin, Barry Epling, et al.

It appears that he can't be the CEO anymore, and it remains to be determined if he will have to disgorge any "ill-gotten gains".

NGEN still hasn't renewed its Nevada business registration

NGEN's annual business filing and fee was due in NV on Sept 30, 2020. It still hasn't been paid.