Hemp Inc (HEMP)

[Det_Robert_Thorne]

Institutional holder own less than $20 of stock!

Institutional holders own a total of 92,000 shares of HEMP stock, worth a total of $18.40 when the stock closes at $0.0002 (and $9.20 when it's at $0.0001, like after today's close).

It's a laughably small amount, and not even worth mentioning.

Meanwhile, nearly 200M shares were sold into the bid today, and the stock is slowly approaching "no bid" territory.

HEMP should perform another reverse split, but since the company hasn't filed the Annual attorney letter for 2022 and is two months late on filing the 1Q/23 disclosure, I don't think that FINRA will allow it.

If the stock goes to "no bid", they'll have to do something, as selling shares to repay debt is going to blow up the number of outstanding shares even more quickly.