Hop-On Inc (HPNN)

[PRmaniac]

800 million is not a low share structure

There were 10+ billion shares authorized in 2005 just before the reverse split. The reverse split reduced the share structure to 15 million shares.

Within one month, they quadrupled the authorized shares to 60 million shares.

Within 3 more months, they raised the share authorization from 60 million to 210 million shares.

Just 6 months later, the authorized shares were increased to 410 million shares.

Apparently, due to this massive dilution going on, HOP-ON had to raise the authorized shares to 810 million shares in 2008.

So, if you were a shareholder, HOP-ON has continued to dilute your equity into the ground.