Hemp Inc (HEMP)

[Det_Robert_Thorne]

Convertible debt can convert at approximately $0.005

I'm fairly sure that the drop in HEMP's stock price that we've seen is due to debt repayment via note conversion, with the debtholders immediately selling the shares received in exchange (and probably selling ahead of conversion demands).

A couple of weeks ago, when HEMP was trading at roughly $0.0105, the convertible notes were eligible for conversion at approximately $0.0063, which meant that each $10K of note conversion would cost about 1.59M shares.

Now, with HEMP trading at $0.008, conversion is at $0.0048, so that same $10K requires the selling of 2.08M shares, or about 31% more shares for the same debt reduction.

I'm not sure if conversion will continue through Christmas week and the lull between Christmas and the new year, but you never know.

Last week, when HEMP was at $0.01, I thought that we would see the OS increase by 300M - 400M shares during the quarter ending Dec 31, but now I think that it could be 350M - 450M shares.