Hop-On Inc (HPNN)

[Frayed Knot]

Question for you Artie.. here is something from the filing..

NOTE 4- In 2013, the Company issued 2,500,000 shares of Preferred Stock- Series C to reduce Long-
Term Liabilities down by $250,000.


The Company has agreed with certain debt holders of the Company to convert their debt to preferred
equity of the Company. This was announced in a press release on April 30, 2014. The Company has
not physically issued the preferred stock certificates as of the date of this filing – the Company intends
to do so in the next quarter, after it makes the requisite filing with the State of Nevada to increase its
preferred share allotments to accommodate the conversion of the debt.

The way I read this is that it will happen in the 4th qtr.. right?

With Petey I really never know what he is trying to say.