Hop-On Inc (HPNN): Here's a link to the 2023 press releases...

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Thursday, 11/09/2023 7:00:55 PM

Thursday, November 09, 2023 7:00:55 PM

Here's a link to the 2023 press releases that I didn't see before as it wasn't on the GlobeNewsWire site.

https://www.nasdaq.com/market-activity/stocks/hpnn/press-releases

Sure enough, it looks like HPNN lost the mezzanine funding (maybe $5 million) that they mentioned in the 2022 press release about the bond financing. Further, the July 28, 2023 press release that talks about the new Fractional CFO, also mentions, in part..."the team is in the midst of still orchestrating bond financing and other opportunities with our new CFO".

https://www.nasdaq.com/press-release/digitalage-welcomes-new-seasoned-fractional-cfo-as-part-of-strategic-expansion-2023

Well, no wonder there hasn't been a full-blown release of the DigitalAge web site this year; looks like lack of funding probably got in the way. That's just my guess that funding has caused a delay. I also still wonder if YouTube's new vertical Shorts videos factored in there as well as YouTube is offering some additional monetization features, along with less stringent requirements to start making money, compared to their original full-size videos.

Good luck trying to knock YouTube off of the top of the mountain, but it doesn't mean HPNN can't compete. I remember when Etsy showed up on the scene, acting like a competitor to eBay. Ebay still dominates the auction space but even Etsy is now slaying it with over $2 billion in annual revenue.

The world keeps growing; Elon and others are making the internet more accessible all the time so their will be plenty of room for lots of content from all kinds of sources. Netflix used to have the streaming video space all to itself and now there a bunch of streaming services, many of them making lots of money as well.

Still, until I now see a press release about solid financing, I'll be skeptical that a full-blown launch of DigitalAge is imminent, as the Nov. 2nd seemed to suggest; at least it felt that way to me. Fortunately, they now have a CFO on board who has experience raising money so that should help, hopefully.