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HEMP is now in purgatory (expert market), and you are bullish on this stock?? Does Bruce Perlowin have any plan to get up-to-date on his financial reports, and get restored to full reporting status? If he does, has he announced his plans to the public? Today's volume is 1,063,000 shares at $0.000001 per share for a total value of $1.06 !! What are you smoking, man?
I agree wholeheartedly Marvin!
It is amazing or even shocking to see that some people are still pumping this stock when trades are hitting $0.000001 on an increasingly regular and volume basis. I have come to the conclusion that the lowest permissible price in the real market for HEMP is $0.0001 per share; any transaction lower than that as shown on the trade data page is not a real trade. Perhaps it represents a broker helping their customer to clear their account of useless and worthless positions for which they will get little to nothing for the shares.
Nobody has explained it for me, but it is becoming increasingly clear that a bid of $0.000001 per share is tantamount to going "no bid" on this stock. That is where we are now. When there are no real bids for this stock, that number is entered as the current "bid" for the stock.
I conclude therefore that HEMP stock has already reached "no bid" status!!
Promises, Promises
You pumpers seem to be losing your magic. WSRC has been holding the 3 cent level for a long time now. Yes, I know you are really a basher, but it is not permitted to talk about bashers. You are just the mirror image of a pumper, so I will identify you as a pumper, since your motives are very similar.
Yesterday's trading activity
Yesterday, about 435 million shares were traded in HEMP, which is way above the average volume and is probably the highest trading volume for any trading day this year. Furthermore, only about 7 million shares of that was buy volume and all of the rest was sell volume !! Nevertheless, HEMP managed to close up for the day. I believe that the high trading volume yesterday is a sign that there are some people that are paying attention to the messages being posted here and are anxious to sell their shares of HEMP before it goes no bid as you have warned !
HEMP trading volume
So the OS for HEMP has increased by 1.47B shares in the month of July. If you divide that number by the 20 trading days in July, that would be an average of 73.5 million new shares issued for each trading day. If all of those shares (or an equivalent number taken out of restricted status) were sold into the market on those days, then the average number of shares traded in HEMP for the month of July would have to be greater than or equal to that. Since the actual average trading volume for July has been reported as 67.7 million shares, then not all of those shares have been sold into the market.
However, I believe this goes a long way to explaining the trading volume for HEMP.
Time to update my message #121449 !
In that message I suggested that quadruple zeros ($0.0000x) for the HEMP stock price is coming. I challenged anybody to predict when that threshold would be crossed. Technically, it already crossed that threshold earlier this year when it momentarily traded for a price of $0.000001 per share one day. Right now the bid is at $0.0001 so if the bid drops any lower, the stock will be in quadruple zero territory on a daily trading basis! That is what my challenge is referring to; when the bid drops to quadruple zeros on an enduring basis. It really seems that day is coming soon! I also believe that HEMP will hit quadruple zeros before any RS takes place.
Anybody want to take a stab at predicting when that day will come?
Again, you repeat your obviously false statements in your yellow sticky message. Do I need you to remind you again? Your yellow message should be removed because it is false ! The Alabama authorities did not mention any "victims" or how much money they lost. Instead, the Alabama Securities Commission (ASC) was protecting their right to exist by making an example of Mr. Jenkins to make sure that other people respected their regulations !
Mr. Jenkins' name should not be used to attack WSRC.
I am glad that you now admit that Mr. Jenkins does not hold 5% or more of the company's stock, and you are wrong when you say that Mr. Jenkins is a major shareholder of WSRC. Therefore, claims against Mr. Jenkins and the incident he is involved in have little or no relevance to WSRC but should not go unchallenged.
As lawyernotinvestor pointed out in post 14869, Mr. Jenkins was not convicted of securities fraud and his name should not be used in order to discredit WSRC. His offense is basically equivalent of driving without a license, which is a victimless "crime" if nobody is hurt in an accident.
The claim that Mr. Jenkins is a "convicted securities fraudster" is false for several reasons:
(1) He was not convicted of fraud in a court of law. He pled guilty to a charge that was brought against him, which was equivalent to being charged with driving without a license. There is a big difference between pleading guilty and being convicted in a court of law, as any lawyer will explain.
(2) In financial fraud the victims suffer loss by theft or deception. Who lost money and how much money did they lose in this incident? If there is a "victim" in this incident, it would be the Alabama Securities Commission, whose regulations requiring a broker license before marketing securities was not being followed. In short, no fraud was committed, he simply failed to get a license from the Commission before marketing securities. If no fraud was committed, then he cannot be called a "fraudster".
Your statements about Mr. Jenkins have little or no relevance to WSRC.
You are the one obsessed about Mr. Jenkins, when you should be focused on WSRC. As far as I am concerned, he should not be brought up for discussion anymore.
Apparently, you have forgotten what lawyernotinvestor wrote in his post 14869 so I will copy it here:
Re: gitreal post# 14865
Tuesday, February 22, 2022 11:23:42 AM
Post#
14869
of 17968
Speaking of DD, you obviously have never read the particulars of Mr. Jenkins legal problem. He did not go to trial,he pled guilty to offering securities which were not registered with the Alabama Securities Commission (not the SEC) and selling securities without an Alabama license. He spent 39 days in jail while his case went through the Alabama judicial system. After pleading guilty he paid a whopping $5,674.00 in restitution and was sentenced to time served. This is the equivalent of driving without a license. This "fraud" is your justification for your non-stop disparagement of WSRC??
https://www.al.com/spotnews/2014/02/arizona_man_pleads_guilty_to_a.html
He did not serve 5 years imprisonment, nor was he sentenced to 5 years, he spent 39 days in jail waiting for his case to be processed by the Alabama judicial system. You have still have not provided the names of "victims" and how much money they lost. Do you still want to discuss a case about an incident that happened more than 9 years ago? Time alone makes this case increasingly irrelevant.
My opinion about the mining operation does not matter.
My opinion about the mining operation is irrelevant and as the moderators would say, "off topic". Therefore, I will not give you an answer to a question that is irrelevant.
Your lack of response to TTMAR's challenge in post #15262, dated 25 July 2022, shows that you also believe they are within their legal rights:
Re: gitreal post# 15261
Monday, July 25, 2022 6:03:23 AM
Post#
15262
of 17972
Sounds serious. You should report them to the SEC for their fraud and help put an end to this scam. That would be a great service to all of us.
In response to your other claims, you are reminded of the challenge that TTMAR gave you that you still have not responded to:
You apparently say that everything WSRC says or does are lies, fraud and a scam, and you have been following them for a decade. TTMAR in post 15262 has challenged you to submit a complaint to the SEC. Where is it? Please post it on the board so that all of us can see that you are doing something constructive.
Regarding your other claims against WSRC, even though WSRC is under alleged SEC investigation, they have not withdrawn their statements about the mining operation. If there was some kind of fraud involved, even the dumbest crooks would delete any fraudulent statements they have made. Apparently they believe they are within their legal rights to make the statements they have made.
Your statements about Mr. Jenkins have little or no relevance to WSRC.
You are the one obsessed about Mr. Jenkins, when you should be focused on WSRC. As far as I am concerned, he should not be brought up for discussion anymore.
Apparently, you have forgotten what lawyernotinvestor wrote in his post 14869 so I will copy it here:
Re: gitreal post# 14865
Tuesday, February 22, 2022 11:23:42 AM
Post#
14869
of 17968
Speaking of DD, you obviously have never read the particulars of Mr. Jenkins legal problem. He did not go to trial,he pled guilty to offering securities which were not registered with the Alabama Securities Commission (not the SEC) and selling securities without an Alabama license. He spent 39 days in jail while his case went through the Alabama judicial system. After pleading guilty he paid a whopping $5,674.00 in restitution and was sentenced to time served. This is the equivalent of driving without a license. This "fraud" is your justification for your non-stop disparagement of WSRC??
https://www.al.com/spotnews/2014/02/arizona_man_pleads_guilty_to_a.html
He did not serve 5 years imprisonment, he spent 39 days in jail waiting for his case to be processed by the Alabama judicial system. You have still have not provided the names of "victims" and how much money they lost. Do you still want to discuss a case about an incident that happened more than 9 years ago? Time alone makes this case increasingly irrelevant.
Mr. Jenkins' name should not be used to attack WSRC.
I am glad that it is now admitted that Mr. Jenkins does not hold 5% or more of the company's stock. Therefore, claims against Mr. Jenkins and the incident he is involved in have little or no relevance to WSRC but should not go unchallenged.
As lawyernotinvestor pointed out in post 14869, Mr. Jenkins was not convicted of securities fraud and his name should not be used in order to discredit WSRC. His offense is basically equivalent of driving without a license, which is a victimless "crime" if nobody is hurt in an accident.
The claim that Mr. Jenkins is a "convicted securities fraudster" is false for several reasons:
(1) He was not convicted of fraud in a court of law. He pled guilty to a charge that was brought against him, which was equivalent to being charged with driving without a license. There is a big difference between pleading guilty and being convicted in a court of law, as any lawyer will explain.
(2) In financial fraud the victims suffer loss by theft or deception. Who lost money and how much money did they lose in this incident? If there is a "victim" in this incident, it would be the Alabama Securities Commission, whose regulations requiring a broker license before marketing securities was not being followed. In short, no fraud was committed, he simply failed to get a license from the Commission before marketing securities. If no fraud was committed, then he cannot be called a "fraudster".
They filed their form 10 to be fully reporting but later voluntarily withdrew it. When they are ready, they will submit their form 10 as they have already stated.
Since free members apparently cannot search prior posts by message number anymore, I will copy the contents of post #15297 below:
gitreal,
People who invest in penny stocks should know what they are getting into before making their first purchase of penny stock. Any penny stock is a high risk investment that can be very volatile. If you purchase penny stock at the wrong time, you can be subject to very large losses. Anybody who doesn't recognize that can only blame themselves for their own bad decisions.
You apparently say that everything WSRC says or does are lies, fraud and a scam, and you have been following them for a decade. TTMAR in post 15262 has challenged you to submit a complaint to the SEC. Where is it? Please post it on the board so that all of us can see that you are doing something constructive.
As lawyernotinvestor pointed out in post 14869, Mr. Jenkins was not convicted of securities fraud as you claim and you continue to lie about him in order to discredit WSRC. His offense is basically equivalent of driving without a license, which is a victimless "crime" if nobody is hurt in an accident.
WSRC is a fully audited company. Did you lie in post 15099 when you predicted that would never happen?
WSRC is now a fully reporting SEC company. Did you lie when you predicted that they would never attain that status in post 14762?
Since you claim that the water assets are a lie, please state for the record whether you believe that WSRC is going to receive additional income from their water assets in the future, and particularly for the second quarter 2022.
The label "pump & dump" does not apply to WSRC.
Falsely accusing a company of being a "pump" that issues PRs on a rare or infrequent basis, such as WSRC, is dishonest or disingenuous at best. I know of OTC companies that issued PRs every week or more for much of their existence, that had little or no bearing to the company's business activities. Such a company properly fits the description of being a "pump", but I don't see you on their message board accusing them of being such.
Furthermore, there is little point in engaging in "pumping" activities if you are not going to follow through with "dumping" activity by the issuance of more new common shares, increasing the number of Outstanding Shares (OS). WSRC has not only not engaged in "dumping" activity, WSRC management has had a longstanding policy of not diluting the common shares to finance business activities, to the point of actually reducing the OS in the past year. The other company, in contrast, has dramatically increased their OS from 14.2 billion shares to 25.1 billion shares, an increase of 77% in only one year (!) , yet I don't see you pointing this out on their message board.
In conclusion, WSRC simply does not fit the description of engaging in "pump & dump" activity. The label "pump & dump" does apply to the other company, however.
Incredible news, ORCA !
The fantastic earnings per share compared to the current share market price means that the stock is extremely undervalued. Management is wisely taking advantage of this situation by buying shares back from the public. Congratulations to them! I hope they will also consider reducing the authorized share number, although the recent numbers show that they have no immediate intention to issue more shares.
Thanks for the good news! You may be right, this development may open the floodgates for more updates and PRs on company activities!
Au contraire, gitreal, a recent article published by MarketWatch shows that illegal naked shorting of small-cap companies is a growing problem !
https://www.marketwatch.com/story/small-cap-companies-are-going-after-naked-short-sellers-in-growing-numbers-its-the-biggest-risk-to-the-health-of-todays-public-markets-11674480805?mod=search_headline
gitreal, the contract is with SMVWCD, not FEMA, so there is not going to be a FEMA contract number. Are you up to your usual tricks trying to mislead people?
Anybody know what happened a few days ago when HEMP momentarily dipped to a market price of $0.000001 per share?
Good points ! I cannot disagree.
As a one day activity, my description "buyer with deep pockets" is an exaggeration, but this pattern has been going on for a period of time now. And for all any of us know, the "mystery buyer" could be Bruce himself working to prevent the stock from "sinking into oblivion."
Good question.
You'd think a trader would want to pick up some shares at the bid of $.0003 with the hope of selling at the ask of $.0004, because the bid and ask for this stock have not moved much at all. But there appears to be a buyer with deep pockets buying a large number of shares at the ask. If they think they can buy enough shares to wrest control away from Bruce Perlowin, they better think again. With all of the series of preferred shares that have been issued, Bruce surely has firm control and has made such a goal to be a futile effort.
Without this buyer who has deep pockets buying at the ask, this stock would quickly sink into oblivion !
A contract has already been written and signed between Santa Maria Valley Water Conservation District (SMVWCD) and Mitigation Solutions, LLC. Your message appears to be based on the following assumptions:
1. Federal Funding for this project has not yet been approved.
2. SMVWCD cannot proceed with this contract unless and until federal funding is in place.
Do I understand you correctly? Is there any reason to believe that these assumptions are correct? These assumptions directly contradict the press release put out by the company on 25 October 2022.
correction: 15 million OS, not 25 million.
My previous message was written based on my memory of the OS number. After reviewing the 3rd qtr report, I must correct myself. I find it hard to believe that there are only 15 million OS !
one billion Authorized Shares
AMMX should have a shareholder meeting to discuss reducing that number. Having one billion AS is crazy when there is only about 25 million OS. I believe that number is scaring many potential investors away !
Thanks for clearing that up.
The person you responded to was clearly off base, but I am having difficulty understanding the way you worded your message.
What dilution are you talking about?
Are you mathematically challenged? The number of shares outstanding at end of 3rd qtr. did increase to 337,136,648 shares from 2nd qtr. at 312,136,648 shares, but the number of shares outstanding is still less than the number of shares outstanding at end of 4th qtr. 2021 at 347,839,208 !! Furthermore, the equity per share has increased dramatically to 18.9 cents per share at the end of 3rd. qtr. ($63,831,633 / 337,136,648) from 13.5 cents per share at the end of 2nd qtr. ($42,048,345 / 312,136,648) !
There is nothing to complain about here!
The referenced article does not say what you claim.
Your alleged quote appears to be a complete fabrication, which is not the first time you have made false claims against WSRC. The caveat quoted by treedoc is indeed included at the end of the article.
HEMP $0.00001 coming! FIFY.
What do the numbers in your message represent?
I have no idea where you obtained those numbers or what those numbers represent. What I do know, however, is that there was an increase of 1.9 billion shares outstanding from the end of September to the end of October. This is selling pressure that completely overwhelms any buying pressure that you are trying to claim here !!
$4 share price not required for uplisting !
For those who are unaware, uplisting to OTCQB only requires a stock price of $0.01 or better, among other requirements. WSRC could meet all of the requirements for uplisting to OTCQB in the next few months. Requirements for uplisting to OTCQB are given here:
https://www.otcmarkets.com/corporate-services/get-started/otcqb
Outstanding shares needs to be updated.
Although HEMP has not posted a 2nd quarter report on the OTC Markets website, which is the reason for the yield sign, they did post a 2nd quarter report on their own website. This report shows that there was a big increase in outstanding shares in the first quarter to over 17.2 billion shares, and about 500 million more shares were issued in the second quarter, resulting in 17.7 billion shares outstanding at the end of the second quarter. I have no doubt they will keep going until they reach the 40 billion share limit !
The industrial hemp market size would be meaningful if HEMP, Inc. were involved in the industrial hemp industry. As others have explained before, HEMP is not involved in industrial hemp or any other hemp related market in any significant way. That is why they are consistently losing money quarter after quarter, year after year.
Bruce Perlowin has made and is making tons of money by pumping out press release after press release to fool naive investors while consistently selling more newly issued shares each and every quarter. I understand that there are over 14 billion shares outstanding right now, but the number of authorized shares stands at 40 billion shares. Therefore, he can nearly triple the number of shares outstanding without any need to do a reverse split. The continual issuance of more and more new shares will naturally drive the price of the stock down lower and lower; this is basic economics, supply and demand.
People who are obsessed with the idea of a reverse split don't seem to understand that a reverse split in itself doesn't do any damage to them. It is the issuance of more and more new shares that has already done the damage to their investment before a reverse split ever happens.
Amateurinvestor
Time to update my message #121337 !
As you say, BottomBounce, your posts are for entertainment purposes only ! The thought that this stock will ever reach $0.01 again is a joke !
Does anybody want to predict when this stock will hit quadruple zeros ($0.0000x) ? The way it is going, it does not appear to be very far off !!
Without evidence, your claim must be rejected.
A search of the SEC.gov website reveals no investigation, litigation, administrative action, orders, or notices concerning WSRC.
gitreal,
People who invest in penny stocks should know what they are getting into before making their first purchase of penny stock. Any penny stock is a high risk investment that can be very volatile. If you purchase penny stock at the wrong time, you can be subject to very large losses. Anybody who doesn't recognize that can only blame themselves for their own bad decisions.
You apparently say that everything WSRC says or does are lies, fraud and a scam, and you have been following them for a decade. TTMAR in post 15262 has challenged you to submit a complaint to the SEC. Where is it? Please post it on the board so that all of us can see that you are doing something constructive.
As lawyernotinvestor pointed out in post 14869, Mr. Jenkins was not convicted of securities fraud as you claim and you continue to lie about him in order to discredit WSRC. His offense is basically equivalent of driving without a license, which is a victimless "crime" if nobody is hurt in an accident.
WSRC is a fully audited company. Did you lie in post 15099 when you predicted that would never happen?
WSRC is now a fully reporting SEC company. Did you lie when you predicted that they would never attain that status in post 14762?
Since you claim that the water assets are a lie, please state for the record whether you believe that WSRC is going to receive additional income from their water assets in the future, and particularly for the second quarter 2022.
Pending WSRC announcement
On June 6, the company posted on Twitter: "Expecting a big week for us". Some people thought that implied there would be a big announcement sometime last week, which is an incorrect conclusion. The meaning of the statement is unclear; possibly it suggests that an announcement will be made, but it could simply mean that the company will make significant progress toward its goals without any announcement about what is happening. Also the meaning of the key word 'expecting' is important; there is no guarantee that anything special is going to happen, just that management "expects" significant things to happen. People should learn to be patient, and not get so over-emotional when things don't happen exactly as they want. Just because someone's expectations are not fulfilled does not make the company a "scam". The company is making real progress, and the accomplishment of many tasks cannot happen overnight.
I would suggest to people to withdraw from participation in the social medias, especially if you cannot keep your own emotions in check. It is well-known that the social medias have been very harmful to society, and also harmful to many peoples' mental health. The social medias are filthy cesspools that are not worth bothering with.
IMO post #15197 was an offensive personal attack against TTMAR, and if this post was allowed to stand, then TTMAR's deleted response should be allowed to stand as well. This is not the first time this person has done this.
IMO post #15198 was right on the mark; there was no need for a later apology in post #15202. The statements "The folks that are easiest to scam, are those that have been scammed before" and "WSRC (WSRA) has taken folks for a lot of money over the last decade or two with their mining promotions. With nothing to show for it", are opinions, not statements of fact or "information" about WSRC. Thus post #15198 was correct with no need for adjustment.
Life is much more enjoyable and productive if one learns to be patient and keeps their emotions in check! GLTA
WSRC price run-up
Yes, WSRC did reach $0.49 last June, although it didn't stay there very long. If memory fails, simply check the 1-year candlestick chart on stockscores.com. You can see that it did hit that peak one day in June, but its movement was very volatile that month, moving from single pennies to over $0.25 in one day, then the next day or two it sold off down to just above $0.10, then climbing up to $0.49 later that month, then quickly dropping to $0.10 and bouncing again.
Why so volatile? Thanks to the superior share structure (company policy not to dilute the common shares, almost all authorized shares already issued, the relatively small number of outstanding shares, and an even smaller number of shares in the public float) it doesn't take much money to make this stock move.
The main reason for the big rally last year was the announcement of the acquisition of the Sage Hen Mine property. That news brought a large number of new investors in to WSRC, many of them possibly brought in by messages sent back and forth in the social media, although I am just guessing because I do not participate in any social media. You can go back to that time period in the message board to see the company announcements and what was being said at that time.
There are very differing opinions on the value of Sage Hen mine property, as anybody viewing this message board will learn. My view is that the other assets of WSRC justify a much higher stock price, even if the mine property is totally written off.
Well, it finally crossed the line into triple zeros!
HEMP stock finally crossed the line into the infamous triple zero territory! It's about time! Reality is finally beginning to settle in to the market for this stock. Perhaps my last message helped to give it that last push over the edge. Maybe this scam is finally coming to a well-deserved end !
Anybody want to predict when this thing hits triple zeros?
HEMP has been hanging on the edge of triple zeros for weeks now; I would've thought surely it would be in the triple zeros by now. Surely that line will be crossed at some point, since the stock has no real value as indicated by the financial reports!