Hemp Inc (HEMP)

[Det_Robert_Thorne]

So, Farm Bill signed. Now, no more excuses.

HEMP lovers finally got their Farm Bill, and now CEO Bruce will have to fish or cut bait.

My guess is that he'll be throwing a lot of chum into the water to attract gullible fish.

Did anyone here talk about the 3Q/18 financials that were posted on HEMP's website a few weeks ago?

Revenue was $159.8K, with only $14.7K in gross profit against operating expenses of $7.2M, for a $7.2M operating loss. There was another $7.3M interest expense, for a net loss of nearly $14.5M.

Most of that nearly $15M loss was shares that were issued, and the increased cash on the books was due to share subscriptions and issuing of new notes, likely to Bruce P himself, that will result in additional dilution.

Speaking of shares, the OS at the end of the quarter was 3.951B shares, with 488M shares being added during the quarter. In mid-October, I forecasted that the OS at the end of the quarter would be 3.85B to 3.95B shares, so Bruce hit the high end of my estimate.

Here's an updated share graph: