IT CAN"T LAUNCH. No funding, per the CEO.
Plus, any assets CEO Petey or his subsidiaries have or ever obtain, patents, licenses, etc. are subject to a court order to pay back money he refuses to pay back. They all can be seized.
Ask the CEO about this. He was served.
These are REAL liens, granted after real court proceedings. And some renewed against HPNN/Petey (as sole control person) until 2027, and they are huge. Just one lien is for over the entire market cap of HPNN (interest is accruing fast).
Peter Daniel Michaels has so many liens against him and his ailing Hop-On, which can't pay its obligations.
Here is one of them:
All property, assets, rights, real property and interest in property of Debtor, of any kind or description, tangible, whether now owned or existing or hereafter acquired or arising and whosesoevers' located including, but not limited to the following: All deposit accounts, accounts and accounts receivable of Debtor, whether now in existence or hereafter coming into existence all letter of credit rights: all chattel paper ( whether tangible or electronic) contract rights, instruments (including promissory notes), documents, general intangibles (including, without limitation, payments intangibles trademarks, service marks, trade names, patents, copyrights and licenses), inventory (including raw materials inventory, finished goods inventory, parts, supplies) and goods in process of debtor, whether now in existence or owned or hereafter coming into existence or acquired, whether located, and all returned goods and repossessions and replacements thereof: all vehicles, furniture, machinery and equipment now owned and hereafter acquired by Debtor (including all embedded software): all investment property: all supporting obligations, software and commercial tort claims: all accessions. Additions, replacements, and substitutions relating to any of the foregoing: all records of any kind relating to any of the foregoing: all proceeds relating to any of the foregoing (including insurance, general intangibles and accounts proceeds): All insurance policies insuring the foregoing property or any part thereof including unearned premiums and all refunds
