Hop-On Inc (HPNN)

[Getpaidtotrade]

http://www.sfgate.com/business/article/No-clear-connection-for-phone-company-Touted-2874802.php

Todd Wallack, Chronicle Staff Writer

Published 4:00 am, Sunday, February 10, 2002
........

Another former executive and board member, Kenneth R. Toll of Beverly Hills, complained to the state labor commissioner last March that he was paid only sporadically from 1997 until he resigned as vice president of software development in November 2000. After Hop-On failed to show up at a hearing last June, the state ordered the company to pay Toll $168,103 in back wages and penalties.


....Michaels also has been aggressively promoting Hop-On to other reporters. He told a publication called the Wireless Reporter in August that the company would reach $500 million in sales in the next year. "Even that prediction, he thinks, is conservative," the online publication said.

.....And Michaels told the Newhouse News Service in August that the company would ship 30 million phones this year, making it one of the world's largest cell phone manufacturers. Experts said there's little hard data to support his claim.

...and diverting funds to a complex web of other corporations he controlled.


.....At least one stock watcher, however, said Hop-On has all the hallmarks of a penny stock investors should avoid.

"The whole thing smells," said Davis, the financial analyst. "It is totally irrelevant that it has been mentioned in Time magazine."