Hemp Inc (HEMP)

[amateurinvestor]

Outstanding shares 8.24 Billion as of 12/31/20

Spot, the annual report says 8.24 Billion shares were outstanding as of 12/31/20. There were about 7.06 Billion shares outstanding at the end of 3rd quarter 2020. Thus, 1.18 Billion shares were issued during the 4th quarter. If the issuance continues in linear fashion, then there should be 9.42 Billion shares outstanding by the end of 1st quarter. However, due to decreasing share price, I suspect that even more shares were issued to fill the piggy banks of Bruce Perlowin and his accomplices. It would not surprise me if there are more than 10 Billion shares outstanding as of the present date.

Not to worry; as previously reported, the Authorized Shares has been raised to 31.95 Billion shares, so Bruce has a way to go yet before a reverse split is needed or the Authorized Share number needs to be raised again.

The massive ongoing losses (or transfers into Perlowin & partners piggy banks) requires the continuing issuance of more & more shares. People who talk about stock buybacks don't seem to understand that a stock buyback can only happen with a company that is solid and very profitable.

Face it people: the only "shorts" in this stock are Bruce Pelowin & partners who effectively have a money printing machine to sell more & more stock to a very gullible public. As explained before, it is illegal for anybody else to sell this stock short in any way as an investment position.