Stevia Corp (STEV)

[threadworth]

All of the PRs and filings are timed and calculated. Ken and George knew exactly what they were doing by registering RealHemp LLC last year, pumping up the share price, and using all of the capital they raised during their hemp pump and massive dilution/share dump to fund totally unrelated stevia and aquaculture operations. A year later they've PRed a dozen intangible (and sometimes false) hemp updates to keep bagholders on the hook (so the share price doesn't totally crater) and in the meantime they've tripled the A/S and suggested that they're going to now split the hemp operations into a new public company (even though they used the "hemp operations" to raise capital for stevia operations).

By splitting the company into two, they are going to create another ponzi scheme situation where RealHemp, which should have been funded by capital raised during the pump/hype PR period, has actually received very little capital. All of the current and new shareholders will have to carry the misappropriation of capital because RealHemp will still be undercapitalized and will need to continue raising funds for expansion by diluting shares -- all of this is a result of the stevia ponzi scheme that required Ken and George to pump and dump "hemp operations" and use the capital to keep the stevia dream alive.

Clearly it's a coordinated effort between Ken and George.

I respect the RealHemp guys and I think they have the potential to do some really great things, but they inherited a really bad situation with Stevia Corp. and I'm sure they have felt the pain of that over the course of the last year. With a few more developers and sales reps on staff they could have locked in bulk hemp sales, built a website, and launched products on Amazon in a matter of weeks. Unfortunately, all of the resources Ken and George have conspired to raise by teasing hemp operations are being directed towards rollover liabilities and expansions for stevia operations.

I have no inside information, but Ken has pretty clearly shared this narrative with shareholders in his PRs and filings this last year.