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News alert!
It doesn't matter what legislation passes. Hemp is not the best company to receive any type of financing. They don't have a sufficient debt service ratio to qualify for a loan. That's probably why the share count just went through the roof. The only way to generate cash flow is to sell shares. Hemp inc is a bonfide scam.
Just imagine seeing hemp inc on shark tank. Imo, Bruce would get laughed at. I'm out.
What's the o/s and float?
Issue being addressed. Automated trading system has not accounted for the new share count. Once accounted for, new MA will be calculated and you'll see a correction.
Imo.
Load the boat! Buy now before it goes down any further! There's not enough shares to go around! Buy now before you're stuck having to buy at lower levels!
Go HEMP!
Is Bruce buying shares back?
USMJ has around 13.8B shares and is sub penny. Hemp inc now has increased their shares to the tune of billions.
How long before hemp is sub penny?
Why are people buying at this price, when the new market cap is outrageous?
Forward spilt with the new o/s or just more dilution?
Competition from China is another reason why Canadian hemp acres are expected to fall this year.
https://www.producer.com/2018/01/oversupply-may-result-in-lower-hemp-prices/
I believed all the hype.
From the seed to sale, a good amount of time will transpire. Hemp isn't grown overnight. Since this is a new crop, the real number on price per acre will vary. Let's say all these states get seed in the ground and everyone is growing hemp, what's going to happen to the amount of hemp available? Jd farms in NY is already growing hemp and NY is getting ready to be an industry leader.
HEMP Inc has some thinking to do.
Industry leader, ha, they're not even in the industry.
How do they win? Supply and demand models indicates that as supply increases and demand remains a constant, price will decrease. Trade war with China is to be considered when considering pricing as well. With more and more states pushing the hemp craze, the over supply of hemp will create a market where hemp is worthless.
Besides, Bruce doesn't even grow hemp. Hemp inc is an entertainment company at most.
A FB video would be nice. What multiple is this trading at? You'd need revenue to figure that out.
This is speculative investing, but what are people speculating? That Bruce will continue dilution? That Bruce's next FB video will cause a buying frenzy? Perhaps, a pr announcing 50,000 acres of hemp?
Imo, it's overvalued. Keeping my new entry at $0.01.
Could be sub by next week.
Looking for a new entry point around 0.01.
Timber!
By keeping the pps low, any positive gains will be a large % of the pps. This will set alerts off when it does move. All the little pops have been 20% to the upside. They're making great money keeping the pps low. People are more willing to jump in on a low pps. Look at last week's volume. Great manipulation taking place and the sec is probably watching.
Warning! This company may not be making material information publicly available
Buying or selling this security on the basis of material nonpublic material information is prohibited under Section 10(b) of the Securities Exchange Act of 1934 and Rules 10b-5 and 10b5-1 thereunder. Violators may be subject to civil and criminal penalties.
Straight from the otc page for hemp.
Some dusting off using hemp shares. Good to see you on the board today.
The action is short lived, if you waited any longer you'd have missed all this excitement.
Bruce named himself best hemp company again.
I've been watching lv2. Surprised he didn't wack the bid earlier.
Imo, I've been disappointed by this company many times. No surprise the dilution hasn't stopped. Just wondering what the real numbers are on the o/s and float.
Plenty of shares to go around. Don't worry the boat isn't leaving yet.
Total shares authorized:
$0.00001
5,491,600,000 as of:
Total shares outstanding:
6.30.17
2,038,306,688* as of:
*PLUS 90,000 SHARES NOT ISSUED DUE TO CLERICAL ERROR*
6.30.17
Preferred share information:
Exact title and class of securities outstanding:
CUSIP:
PREFERRED COLLECTIBLE
Par or Stated Value:
N/A
Total shares authorized:
$0.00001
8,400,000 as of:
Total shares outstanding:
6.30.17
8,400,000 as of: 6.30.17
Exact title and class of securities outstanding:
CUSIP:
PREFERRED
Par or Stated Value:
N/A
Total shares authorized:
$0.00001
44,588,911 as of:
Total shares outstanding:
6.30.17
31,835,578as of: 6.30.17
Exact title and class of securities outstanding:
CUSIP:
NEW PREFERRED
Par or Stated Value:
N/A
Total shares authorized:
$0.00001
65,411,089 as of:
Total shares outstanding:
6.30.17
27,288,468 as of: 6.30.17
Exact title and class of securities outstanding:
CUSIP:
PREFERRED K
Par or Stated Value:
N/A
Total shares authorized:
$0.00001
63,791,746 as of:
Total shares outstanding:
6.30.17
58,262,154 as of: 6.30.17
Exact title and class of securities
outstanding:
CUSIP:
PREFERRED K(P)
Par or Stated Value:
N/A
Total shares authorized:
$0.00001
211,208,254 as of:
Total shares outstanding:
6.30.17
105,159,291 as of: 6.30.17
Lots of shares to sell. Keep buying.
The clock is ticking. SEC building their case. It's going to be interesting when they shut this thing down. Imo, be cautious.
GLTA.
*STOP SIGN*
What does that even mean? Catchup on reading about hemp inc and the company before you throw your money into this.
Good luck.
With no issues with the SEC?
Right. The sec will decide the fate of this stock. Imo. Buy all you want. I'm glad there's enough people willing to take these off my hands.
couldn't have said it better. With Bruce gone, there's hope.
When's the pr announcing he's standing down coming? There are a lot of people better suited for the job.
If you consider the aggregate market and the huge influx of supply, most of the supply will rot in Bruce's warehouse. Oh wait, first you need to grow hemp before you can harvest. Hemp doesn't even have hemp.
The company is a joke. Hemp
I'm here for the hempertainment.
You think if I friend request Bruce on FB he'll accept. Maybe then he'll let me in on the scheme.
Someday. Not today. When Bruce is gone maybe then.
Any guess what the o/s is by now?
Enron is getting into hemp too, I hear. Better buy those shares up too.
$1.00 by EOW?
Short this stock if you want to make money.
Hemp inc has zero product!
No revenue!
No sales! Oh. Where's that shipment?
I did. I bought well before the rs. Then got hit with the RS that took me down, a lot. Then the constant dilution. What didn't make sense was buying more at every dip to cover the loss. I finally broke even and dumped most of it. Only took the good part of 4 years.
Imo, sec should put a halt to this before more people lose money.
Could be more. Bruce's piggy bank seems bottomless.
Buy, buy, buy! $1 by EOW!
Bruce needs money for seeds!
Rs coming.
He
Emptied
My
Pockets
Go HEMP.
Hemp, Inc. Commends Recent SEC Action Stopping Penny-Stock ManipulatorsPress Release | 08/08/2014
LAS VEGAS, Aug. 8, 2014 (GLOBE NEWSWIRE) -- Hemp, Inc. (OTC:HEMP) commended the United States Securities and Exchange Commission (SEC) for charging crooked stock promoters for manipulating the market in an effort to "pump-and-dump" certain OTC stocks. Apparently, the alleged stock promoters targeted six companies, of which two were related to the medical marijuana and industrial hemp industries. According to the SEC's case, the defendants targeted what they thought to be "thinly-traded microcap" companies, with the intention to artificially inflate the stock price.
While Hemp, Inc. is not thinly-traded, executives believe the company was a target because of its amount of volume traded… especially during the first 2 weeks of January where the company traded an average of 80,000,000 shares daily. Hemp, Inc.'s executives were unaware of the illicit promoting and manipulative trading.
Hemp, Inc. (OTC:HEMP) is not a defendant in the case and has never had any relations with any of the parties being charged. Hemp, Inc. executives released the following statement today: "Hemp, Inc. is in no way affiliated with the 4 defendants charged by the SEC and is not, and will not become, a defendant in this case, and we believe the same goes for all the 6+ companies these phony promoters targeted as victims of their shenanigans."
According to Bruce Perlowin, CEO of Hemp, Inc., "This was news to us. It's very unfortunate that Hemp, Inc. was one of the targets of their alleged fraudulent activities."
Perlowin continued saying, "In an incredibly fast-emerging sector this kind of behavior is not only appalling but unnecessary. The size and scope of the industry speaks for itself."
During the beginning of January of this year, Hemp, Inc., as well as most of the public companies in our sector, had a massive growth curve. On January 2, 2014, the company traded over 100,000,000 shares and averaged close to that during the first two weeks of January. "The defendants were obviously attracted to the massive growth curve and sought to take advantage of that."
Hemp, Inc. encourages the SEC to continue enforcing the law against individuals and groups that engage in fraudulent activities and to also use that same force against those who short shares then manipulate the market using social media to spread knowingly false accusations and predictions of suspension, bankruptcy or plummeting prices timed with additional short orders intending to drive the price down making their predictions seem true.
If you rely only on press releases, you’ll only get positive spin from the companies that issue them.
It surprises many to learn that some of the most actively traded cannabis stocks have never filed with the SEC, including American Green (OTC: ERBB), Hemp, Inc. (OTC: HEMP) and Medical Marijuana, Inc. (MJNA).
https://www.leafly.com/news/industry/5-ways-to-avoid-cannabis-stock-investment-scams
Go HEMP!