Hemp Inc (HEMP)

[Det_Robert_Thorne]

Except it isn't naked shorting

Looks like an accurate description of naked shorting.

My use of scare quotes around the word naked didn't mean that I was saying that naked shorting was going on, and perhaps it was the wrong word to use.

Naked shorting is when someone sells a stock short when they haven't determined if the shares can be borrowed (and the trade settled,) but this case is different, because the converting noteholder KNOWS that the company is obligated under the note contract to deliver the shares upon demand.

If there is note conversion of HEMP debt going on right now, the noteholder is selling shares he/she is owed, but not yet received, so it's not really a short sale.

But CEO Perlowin can spin it as one for his gullible Facebook worshipers.