Hemp Inc (HEMP)

[Det_Robert_Thorne]

"Short and Distort"? Short shares a rounding error.

Per OTC Markets, as of mid-August, there were less than 1M shares shorted. That's less than 0.04% of the 2.5B outstanding shares, and could be covered for less than $40K.

Shorts aren't the problem with HEMP. HEMP's business model is the problem.

HEMP has no real revenue except for a pathetic online store, and a decortication plant that is two months from becoming operational.

Even if they were able to net $6M from the Kenaf on hand, more than $2M will go into the purchase, moving and installation of the equipment, leaving $4M in cash on the balance sheet.

But Perlowin has loaned HEMP about $900K, leaving $3.1M. That $3.1M is worth about $0.0012/share of the book value. The shares on the balance sheet add another $0.0012, for a grand total of $0.0024/share.

No, short sellers aren't HEMP's problem.