Thursday, June 23, 2016 7:38:24 PM
If you remember, 2 years ago Hop-On owed $7,0000,000 to unspecified lenders.
Then, PM announced that these mysterious people had all accepted to swap their worthless debt for preferred equity into HPNN. PM said that they all accepted.
$7,000,0000 disappeared from HPNN balance sheet. So far so good.
But the preferred shares at issue were never issued...
So PM apparently shafted a few insiders out of $7,000,000....
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