Posting opinions ....IMO
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Meanwhile Hempinc PPS has dropped another over 5% today.
Harsh reality here at HEMPITY hemp.
What does that have to do with it? It’s patented and not by Perlowin. And Perlowins device was much bigger.
Perlowin had nothing to do with that.
“ 1974
Clyde Norman Shealy, MD, PhD, an American neurosurgeon and pioneer in pain medicine, is mainly credited for the development of the modern TENS unit. The first wearable TENS unit was patented in the US in 1974. A few studies have shown that TENS may modulate or suppress pain signals in the brain.””””””
HEMPITY HEMPITY HEMPITY
Nope, not at all:
Meanwhile, let's catch up with Bruce Perlowin's bio.
After Bruce Perlowin's release from the federal prison at Lompoc, Perlowin ran a phoney medical device scam that was busted by the FDA in a sting operation called "Operation Cure All". The name of the company was Energy Wellness. The name of Perlowin's partner in that fraud was named Jim Folsom. He is now in prison. Perlowin plead out and got off with a fine.
There's more.
Bruce's wife, Svetlana Ogorodnikova, was implicated in a murder-for-hire scheme that resulted in the conviction of Kimberley Bailey, who didn't just have her victim murdered, but tortured to death by the member of the Arellano Felix crime family, part of the Mexican Mafia. The gangster's name was Humberto Iribe, and he was convicted and sentenced to a 25-year prison term.
The victim, Rick Post, was killed in Tijuana.
””
HEMPITY HEMPITY
This post concerns a recent order (“Order”) in the SEC civil enforcement action by the federal magistrate which decided two motions for sanctions brought by the SEC against four of the defendants — Perlowin, Barry K. Epling and two entities he controls, Ferris Holdings, Inc. and Hobbes Equities, Inc. The SEC alleged these defendants fabricated evidence and gave false testimony at their depositions.
What is the lawsuit about? The SEC alleges that the defendants “engaged in a comprehensive, years-long scheme to defraud investors and evade securities law by selling restricted shares of Hemp without registering the sales.” They did so, says the SEC, by selling hundreds of millions of unregistered and purportedly unrestricted shares of Hemp to public investors and by exchanging gifts and entering into sham consulting agreements. Specifically, Epling—through entities he controls, Ferris and Hobbes—sold $9.8 million in securities, of which $1.8 million was used to pay expenses on behalf of Perlowin and Hemp. The defendants have claimed these payments were personal loans from Ferris to Perlowin.
The first motion concerned allegedly falsified evidence produced by Epling and false testimony given by Epling and Perlowin. To determine whether the consulting agreement were bona fide, the SEC asked Epling for copies of his filed tax returns between 2011-2015, including schedules and forms. Epling did not initially produce the requested documents and later produced tax documents that were unsigned and undated printouts bearing the watermark “DO NOT FILE.” The SEC then sought copies of his returns from the IRS and learned that Epling had filed returns for several years on the same day – May 5, 2017, nearly three months after the SEC made its discovery request, and after Epling had told the SEC he had just found his returns.
The SEC argued that the tax returns never existed and were in fact created by Epling in response to the SEC’s discovery request. The SEC characterized the returns as falsified evidence and sought to exclude them from trial. The SEC asked the court to impose an adverse inference and adverse jury instruction that the consulting agreements were not bona fide (effectively deciding this issue for trial). The SEC also sought sanctions against Perlowin and Epling for giving false deposition testimony. Both testified there were no documents memorializing the $1.8 million in loans. Yet several weeks later they produced copies of documents they claimed memorialized those same loans. The SEC asked the court to exclude all evidence related to the claimed loans and for an adverse instruction that there were no loans.
The second motion alleged that Ferris provided false evidence (tax returns) that were never actually filed with the IRS but were produced by Ferris to the SEC in response to a request for “as-filed” returns. For this offense and Epling’s other offenses, SEC sought the drastic sanction of terminating sanctions against Epling and the two defendant-companies he controls, Ferris and Hobbes. (This means the SEC believed the discovery violations so egregious that it asked the Court to enter default judgment against these defendants, effectively terminating the case as to these defendants without a trial.)
The Order is thorough, concluding that the defendants’ conduct was “egregious” and a waste of a “huge amount of judicial and party resources.” Nonetheless, the Court denied the SEC’s request for terminating sanctions, despite finding Perlowin and Epling’s testimony at the motions hearing not credible and that Epling deceived the SEC (and his own) counsel with respect to his tax returns. The defendants’ deception and discovery violations warranted sanctions, but were not enough to interfere with Epling and Ferris’s right to a trial on the merits, said the court.
Although these defendants may have escaped default judgment, I do not envy their counsel’s task at trial because the Court ruled that:
Defendants are precluded from offering any evidence at hearing, in motion practice, or at trial related to the loan documents produced after Epling and Perlowin’s depositions;
The jury should be instructed that the defendants failed to comply with their discovery obligations;
The jury should be instructed that Epling deceived counsel for the SEC and defense counsel by falsely representing that his personal tax returns he produced for 2012-2014 were “as-filed” copies; and
The jury should be instructed that they may consider evidence of the defendants’ discovery violations and Epling’s deception about his personal tax returns along with all other evidence in the case in reaching their verdict.
The moral of the story is here is plain: Don’t play fast and loose with the facts should you or your company find yourself the subjects of an SEC investigation. The chances of you succeeding at doing so are minimal. One wonders how long defense counsel—some of whom were deceived by their own clients—will continue this representation. A better strategy is to retain legal counsel and be forthright about the strengths and weaknesses of the SEC’s case (and your own) so that you and your legal team can implement the appropriate strategy.
(The defendants have since filed an objection to the magistrate’s order, which will now be reviewed by the trial judge.)
No, it’s not. It was pure quackery, folks went to jail over that. I sure would be interested in where your information about being used all over the world for a variety of illnesses comes from. Do you have a link to verify that information?
TIA
Right, and some money laundering and running an international organized criminal enterprise. And there is no sign that he is reformed. He’s been scamming ever since he got out. Ratted on his partner in some medical device scam to stay out of jail.
The penny stock scam business education Perlowin has is most likely courtesy of the federal prison system.
But that’s the way he rolls.....
Billions and billions of shares to sell here. Bruce and associates making bank while investors lose.
No one. Every educated person in the hemp industry knows Hempinc stock and Bruce Perlowin are opportunists taking advantage of the new hemp industry in the USA. Problem is that they’ve been making false/I mean forward looking statements for over a decade now, that NEVER come to fruition and they lose millions. Even with their minuscule revenues theyLOSE MILLIONS........BUD
SUCKER STOCK
LOSER FOR OVER A DECADE
SCAMMITY SCAM SCAM
Word on the street is Hempinc harvested a bunch of low CBD crap they’re going’s to sell it joint by joint.
Now, even back in the good old days when Bruce earned a profit on merchandise he knew wholesale out the door money in the pocket was the only way to go.
Hempinc ain’t got much in this market BUD.
Just hype and spin and billions and billions of shares to sell......BUD
Quote:
Things changed, bud.
Looks like the same old share selling scheme just with a lower PPS.
HEMPITY scammity scam
So why start a hemp company ten years ago? HEMP
PRODUCTS HAVE BEEN SOLD LEGALLY IN THE USA FOR 30 or more years.
EXCUSES EXCUSES
FORWARD LOOKING STATEMENTS
HYPE AND SPIN
BILLIONS AND BILLIONS OF SHARES TO SELL
SCAMMITY
Hempinc has been around for over a decade now. Yup, losing investors money for over a decade now.
Now that’s hilarious!!! Bruce can only come up with one joint at a time....
After saying they’re producing 20,000 per day..
Scammity scam scam
Quote:
No facts, just illusions, it's extremely sad, pathetic, and pitiful.
That’s the way Hempinc rolls, for over a decade now.
No, Hempinc is not making money selling hemp. Only way Hempinc makes money is selling shares. Hempinc has NEVER MADE ONE PENNY OF PROFITS. NOTHING, ZIP, ZERO, NADA.
JUST A LOSER STOCK
Hempinc doesn’t make millions of dollars selling hemp! They literally lose 38 million dollars approximately per year selling hemp.....bud
Profits most likely less, just like the PPS.
It’s Hempinc BUD
ONLY GETS WORSE, NEVER BETTER.
No, not all businesses are scams. But Hempinc is a show to sell shares, and they invest in props and Facebook videos and promises of next year.
It’s Pretty obvious
Dave’s not home man...
Minuscule, inferior. Revenue that dwarfs expenses, contracts that never come to fruition.
Same old scam for over a decade
Oh yeah, I forgot it’s all Bruce’s ex wife and ex accountant’s fault. Oh and don’t forget those shorters, the naked ones are the worst.
Hempinc is pretty well played out, seems like not even one of Bruce’s schemes for Hempinc has made any substantial PROFITS. Even the “ revenues “ are dismal compared to the expenditures.
SAD
PATHETIC
SHARE
SELLING
SCHEME
And the PPS is so very pathetic. It is amazing though, that Brucie has been able to keep this cash cow going for over a decade now. Even with SEC STOCK FRAUD charges he’s been able to create and sell billions and billions of shares. Frozen Account’s are meaningless when the company has billions and billions of shares to sell and CEO’s receive huge salary’s and huge travel expenses etc etc.
Hempinc, just pitiful.
TRUE, TRUE, SO TRUE AND 100% CORRECT
WAY MORE MONEY IN SELLING BILLIONS AND BILLIONS OF SHARES
ESPECIALLY WHEN THE CEO HAS NO EXPERIENCE RUNNING A LEGITIMATE PROFITABLE BUSINESS
BILLIONS AND BILLIONS OF SHARES TO SELL AT ANY PRICE
HEMP PITY
It’s a penny stock share selling scheme, they’re doing great, sold billions and billions of shares.
Retail investors here not doing so good
But the CEO and associates are cashing in daily
HEMPITY
What are you trying to say?
Obviously a long time share selling scheme.
Story changes when it needs to.
When Bruce gets pressed for an answer he pretty much says it’s my business and I’ll do what I want.
Same old same old for over a decade, easy dd.
PR’s that never come to fruition and billions and billions of shares.
That’s Hempinc in a hand basket.
Quote;;::
WRONG AND FAIL
Bruce is the KING. ””””””””!!!!????
KING OF HEMP PENNY STOCK SCAMS
LOSER BUSINESS MAN.
PATHETIC
HEMPINC
HEMPITY
March? Of what year? ROFLMAO
OH HEMP
Why? Because it’s imminent that Hempinc PPS will continue to fall?
You can’t short this junk, unless you’re the CEO and you give them to a broker/dealer that is known for shorting.
Or some such nonsense.
It’s just an old share selling scheme with a catchy ticker symbol.
Down again today eh?
Looks like triples zeros on the way for Hempinc
Letter of intent. Seen dozens of those here that never come to fruition.
I guess Bruce now says to heck with USA farmers and supporting the small USA farmer
SCAMMITY SCAM SCAM
It’s very likely that Hempinc will have another reverse split, that’s how the penny stock game is played. However with Hempinc having STOCK FRAUD charges hanging over their head it’s doubtful that Hempinc could get away with a reverse split in the foreseeable future.
But in fact Hempinc still has billions of shares to sell into the market and do so on a regular basis.
It’s just a lose lose situation for retail investors, and it’s pretty well played out being over a decade old now.
GLTA
SLF
That’s not always the case. What are you trying to say?
SLF
Isn’t that all “”ALLEGEDLY “” Bruce has stated many time that there are NON DISCLOSURE AGREEMENTS that Hempinc must honor. If that’s the case how would anyone have the information you just posted and wouldn’t it be in violation of alleged NDA’s??
Just more Hempinc hype and spin
Par for the course
HEMPITY
No it doesn’t. Spending 38 million dollars to make one million dollars is not profit. It’s a loser.
Oh HEMPITY
Geezle Pete’s
Just treading water until the inevitable triple zeros.
Oh and billions of dollars of prerolled hemp cigarettes that are going to make Hempinc a profitable company which is going to buy back billions of shares with the “revenue “ from the prerolled hay, I mean hemp cigarettes that apparently even though they don’t know it everybody wants them....lol
It’s getting rougher everyday here in Hempinc land.
No, thank you, I’ve already read it and quoted the relevant statement regarding Bruce the CEO of Hempinc providing shares that, according to your statements end up in the hands of shorters.
Playing both sides of the coin, CEO and associates always profit while retail investors lose.
Shameful
And as for the names and numbers and suing OTC markets etc etc, been seeing that for years, just words, worthless words, no action. Basically just threats.
Pitiful
QUOTE:
Bruce sells the shares to broker/dealers acting as market makers on the primary market who then turn around and sell "billions and billions at any price", the dirtiest ones loaning those shares to shorters,
Interesting...Bruce is providing shares to the shorters. Are they the naked starters or the clothed shorters.
Why would the CEO provide shares for those dastardly shorters?
Oh HEMPITY
Did Hempinc do another reverse split?