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So maybe my wording was a bit out of context, but what I am getting at is when Apple was starting up that had many questionable relations that just as easily could have led to their downfall. For example, Jobs taking out a $15000 loan to fulfill their first contract with a computer store in the Bay area (The Byte Shop), a company that was known for failing to be able to pay its bills. One of the co-founders of Apple even sold his 10% stake back for $800....a 10% stake is worth about $94,000,000,000 today. Adjusted IPO price for Apple is only $0.39
Also, Jobs and Wozniak were both young and broke at the time of the dealing with "The Byte Shop".
1981; Biotech firm Cetus boasted the then-largest IPO in United States corporate history, and fell apart in the 1990s.
1982; The New York Times cautioned against investing in hyped-up tech companies like Apple.
1996; Monster Energy Corp was trading at $.04 per share, in 2018 Monster traded above $68.
I would hope that Bruce has some money sitting in a hole somewhere in NC and plans a share buy back for the investors at some point. The infrastructure is solid, but the dilution is like quicksand. The swamp is questionable for sure.
Even if HEMP as it stands is a giant scam, there are a lot of eyes on them, and they are developing the infrastructure that could result in a multibillion$ return Monster energy was a penny stock, Apple was thought to be a POS scam company in the 80s, Amazon wasn't built overnight. I have been following HEMP since the beginning I don't like the numbers and the disappearance of funds but there is also a substantial amount of infrastructure established by the company. Fact is only time will tell, and the floodgates are barely even cracked.
I've looked at the charts, plenty of times. See my previous posts because I've been around since the early days of HEMP. I don't like it either, but they are the company that has all the eyes on them. The SEC trial is wrecking them, but it's been dragged out and neither party is budging. HEMP has a good chance at coming out of the investigation just fine. These proceedings take 2-4 years and we are coming up on the backend. The longer it's carried out the better chance HEMP has to win. if they do the stock will soar.
"A handful of recent SEC defeats in administrative proceedings have caused us to question the conventional narrative that the SEC has a distinct “home field advantage” before its own administrative law judges. According to analysis conducted by the Wall Street Journal, the SEC had a 90% win rate in contested cases it brought before its ALJs from October 2010 through March 2015, while it prevailed in only 69% of federal court trials over the same period. After the SEC lost five high-profile insider trading trials in 2014, this narrative seemed to fit."
There's a couple for you in which Bruce Perlowin is featured representing Hemp, Inc with nothing negative to be said about him, the company, or anything else. He's running the company that most are looking at and being featured regularly as a representative of the industry.
https://tinyurl.com/y4osyren
https://tinyurl.com/y6y899j5
It appears that Chris Tinney and his wife Tysha are involved with veterans kins communities https://tinyurl.com/yx96ksfb Is Hemp about to partner with the former enemy?
Anyone remember the days of Chris Tinney, Versativa, ForeverGreen? This was Hemp Inc's competitor at the time. I remember both companies back in the days of mushroom tea, hemp omega fish oil, hemp seed PB&J, Phytonutriesnts, etc. Anyways, Bruce just sent me a link to https://www.facebook.com/HempActivist/ the first post I see is a 9 year old video of our former competitor....So what is really going on in the woodworks?
Forbes can't make up it's mind, one week it features / praises HEMP and the next it calls it a scam....been this way for the last few years
A message from the man himself "Hemp, Inc. By no means missed the boat. We are growing and building (and built) large infrastructure and growing hemp in 3 states. We’re doing out 9th Hemp University in Oregon and are building a hemp eco-village for Veterans in Arizona. No one can do it all and the more of us doing it the better. This time next year you will have seen the fruits of our labors. Actually in 6 months." Bruce P
SEC settlement agreement? Looks like Hemp Inc and the SEC may have come to an agreement based on the filing of the "Order on Stipulation" 05/13/2019 If anyone has pacer and has access to the order, please share it using RECAP chrome extension.
What do you think this stock will do?
Did you catch that buy that bumped it back to $0.0008 as well right before close?
Any other Emblem holders smell the class action coming? We got shafted by the Aleafia merger, glad I sold most my shares before the merger closed.
Key word is had, glad I took my profit before the merger, kept a mall portion of my Emblem Holdings in case the deal worked, but so far looking like a failure. Bad business moves result in shareholder loss
Amen to that! I have personally met Bruce, and he is genuine and passionate about this industry. He knows the street side of the industry as well as anybody and he is an entrepreneur. I'd put my money on him making $HEMP succeed any day. I've been trading $HEMP since 2010 when it was just an MLM with no real future selling omega fish oil and hemp peanut butter and jelly (which was delicious)
This man is the king of pot...If I was going to select anyone to be a CEO of a company in this industry he would be up near the top of the list with people like Marc and Jodie Emery or Jack Herer (RIP)
That was me just being a smart a$*. I doubt that death is on the table. I think $HEMP would see a buyout buy a bigger company like Canopy, Aurora, or Aphria before they will die. They have set a solid stage, and truly are a leader in the hemp industry. The true downfall is the dilution, too many shares without enough revenue. Hemp is far from dead, in fact they seem to have found another nice support level around $0.028
Hemp Dynasty: Sativa, Indica, or Ruderalis
Ruderalis:
Charlotte’s Cherries
Berry Blossom
Cobbler
Trophy Wife
Chardonnay
Oh well I just made a little more money off this scam....20k shares around $.04 sold for $.051 I'll take that 200$ short gain (4 days)
Finding some solid support near .032, IMO that's always been a good buy / support level for Hemp Inc nearly 10 years running on that support level. We've had the occasional dip underneath but it always breaks.
CBIS is starting to feel like a massive scam. Does anyone else remember the "share gift" that was supposed to occur 3 years ago? I have tried reaching out to the investor line on multiple occasions. I get no answer and no response.
Couldn't agree with you more. If the 1 for 4 split occurs before the swap I think Emblem holders make out like Kings. If it happens after the swap, we get screwed in the deal and I see legal action against Aleafia taking place in that situation. Hoping that the supply agreement with Aphria pans out, without something big happening to Aphria as they do have quite the battle going on.
Personally I feel this has no effect on US investors. I feel that the merger is good despite what I feel to be an undervalued buyout. But I reiterate that a 27% premium from price at the time is still a decent premium. Just wish Emblem would have executed differently and attracted a bigger investor.
This buyout and merger builds a bigger stronger company....and although I agree that Emblem was worth more, but a 27% premium on the buyout is a nice premium. Can't wrap my head around how both companies are down on that news.
Aleafia at this point is the better buyout. Aphria is facing some serious allegations and potential legal scrutiny.
Sec has nothing...we are 3-4 years into the "investigation" a Bruce doesn't even speak of the stock or acknowledge the price. He focuses on business, and building a Hemp future
Right there with you. Sell the news buy the dip. If you watch the companies still around from the early days like MJNA, CBIS, HEMP, PHOT, etc they are some of the most predictable penny stocks available. Some of them with the potential to make it somewhere one day. Play the chart, follow the news make some bags and take some profits.
Absolutely hold some shares here. I won't let go of my entire bag of HEMP for sometime still, but I will keep trading my profits.
My apologies haha, thought it was
Not being negative, just being honest. I've been trading $HEMP since it was founded. I was a member when this company was nothing more than an MLM almost a decade ago....Hemp is a gold mine, but short term my philosophy holds sell the news buy the dip. I've met Bruce personally and purchased and sold kush cakes (amazing by the way). I will never sell my whole position in case one day I'm wrong.
Seems panzer has gone missing for a minute, he must have covered his shorts and bought more. I told you guys he's only around when hemp is falling. By the way, if you think this is the rocketship you are wrong. Sell the news buy the dip. Everyone is aware of the news, which means the smart money will start selling before the bill gets signed. Look at Canada, or the green rush 2012, 2014....if you hold past today you're going to get burned. I've been selling on the way up for more than hundreds.
I love that all these people are calling for $1 on HEMP as a result of farm bill passage. Go ahead trade the news, while I trade technical. People think HEMP will keep going, but then it dumps big before it's next climb leading int excellent news. I predict 5-7 cents peak on this run, but we will not see 2 cents again if the vote passes.
MJNA and HEMP used to be associated companies under the same MLM, they split off into the Medical Marijuana and Hemp sectors as both companies began to grow. Been in and out of both for about 10 years now. HEMP I always held some and MJNA I haven't. Not many people here remember the original MLM that things originated from.
look at that handle form...if we find support here the next resistance level will be .052 as I mentioned earlier.
COuldn't agree with you more, and considering the vote I think we both know which bill will be singled out, and as eager as the administration is to sign a farm bill...I think everyone should easily be able to see how this Cinderella story turns out.
Beautiful cup and handle forming on the day.
Bruce and friends are in it for the long haul. They will be a major industrial player in the hemp industry.
I made out nicely on the big pump in 2014, I was involved with Hemp Ince back when it started as the MLM company. I have no doubt in my mind that with this much progress that Bruce and the team are going for gold, all in on Hemp.
It only works until the shorts get burnt, and I think they are pulling their usual tactics at the wrong time on this go. Mitch's hemp legislation is going to be massive for Hemp Inc, 20-1 vote, the Trump administration eager to sign a farm bill, and they are being pressured to do so. Hemp legislation will get the green light!
I've been trading in and out of Hemp Inc for going on 10 years. I think that $HEMP will be the $GWPH or $MSFT of the Hemp industry. Bruce has served his time, he is a smart guy who knows the industry on a business scale, and the company is making significant progress. It's been 70 years since we've grown hemp on an industrial scale in the US of course there is going to be a small learning curve.