Hemp Inc (HEMP)

[Det_Robert_Thorne]

He loaned HEMP the money for the decorticator

Sure, he's putting money into the company, but every time he does so, via the repayment & conversion scenario I laid-out, dilution increases and his share of the company goes up.

If the market cap remains relatively constant, then the share price drops (which is what we've seen,) and the outside shareholders lose.

Even the Bioadaptives dividend was mostly intended to enrich Perlowin, because he could have sold the shares to raise cash for the company, but instead paid them out as dividends, of which he received more than half.

The only thing that will save the decorticator project is the fact that he bought it for pennies on the dollar. It will sit idle most of the time, because there simply won't be enough hemp to process to make it profitable for several years.