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Re: pitts77h post# 676

Monday, 11/16/2015 7:44:55 AM

Monday, November 16, 2015 7:44:55 AM

Post# of 20715
I called the TA on Friday. The current O/S is 95 million of which 88 million is restricted. The current float is approximately 7 million shares, and is being bought up with aggressive bidding.
If you want shares, you'll most likely have to slap the ask at this time, since the accumulation here is sky-high, and the stock is now in an uptrend mode; though with the teeny float, it is very volatile as are most OTC stocks, as most investors are usually aware of.
HempAmericana is self financing their new products, and Mr. Katan extended the company a $2.5 million line of credit. He currently holds 3 million restricted shares, and by agreement is allowed to sell one million shares per year, if he chooses, starting approximately 12 months from now.
You state that you never heard of Isaac Katan, but he's very well known in Israel as one of the richest billionaires in the country. Also this news originated in the Tulsa newspaper when the company was first founded earlier in 2015.
He's committed to making HempAmericana the largest new hemp company on the market, and there are many other new products in the pipeline for 2016.

pitts---"There is almost ZERO volume in the .02 - .03 price range, nobody "bought" there."

LOL