Hemp Inc (HEMP)

[OPKOHEALTH2022]

email required a Full Access subscription
Many are expecting armageddon among the medical marijuana stocks on Wednesday, as, on Tuesday night, the SEC announced that it had arrested perpetrators in a share manipulation scheme for the purpose of conducting Pump & Dump on shares of PHOT and HEMP, among others. According to the charges, one of the perpetrators was Christopher Mrowca who runs the stock promotion newsletter, Money Runners Group. We don't expect to see any more pimping from him for a while.

The SEC reiterated it's previous admonishments regarding penny stock companies purporting to be involved in medical marijuana related activites. It is expected that now many will finally get that the regulator is not kidding and that shares of HEMP, if they even open for trading on Wednesday, and its sister company BDPT will suffer a severe punishment. PHOT has already previously been suspended by the SEC, and its shares now trade on the little-followed grey sheets, where the stock has taken an 85% tumble since trading resumed, but now without the benefit of market makers to act as middle men.