Hop-On Inc (HPNN)

[Carl Hanratty]

This burns my ass. Michaels scams money and offers very high interest rates to attract unsuspecting lenders who think they're getting a very good return. Michaels will make one payment and then claims USURY and never pay another cent. The ironic part is he sets them up with the high rate and them he claims fowl. He's done this dozens of times over the years. If you ever lend him money you'll never see repayment....NEVER! The guy is a classic F-ing dirtbag.

Currently, there are five outstanding promissory notes with terms that are deemed to be usury with exorbitant interest rates. Those notes do not exceed over $350,000. The Company has made payments on some of those notes and will settle those notes in good faith. Currently, there is no litigation on those transactions.