Hop-On Inc (HPNN)

[PRmaniac]

It is not virtually debt-free

Plus, Hop-ON does not even list the liabilities of all those court judgements against the company...such are "unaudited" financials.

They also have not issued the preferred shares for debt conversion. They have to raise the common share authorization first, to reflect the common shares required for conversion of those super special preferred shares he is dumping on investors.

Could there be a worse rate of return when for debt conversion? Maybe, but most do not understand that almost the entire company is being given away in the form of convertible preferred shares.