Hop-On Inc (HPNN)

[billytbone]

Peter Michaels is the classic snake oil salesman.He could sell a plate of ribs to a nun wearing white gloves.Very smooth talker,charasmatic.This companies initial concept was great.And there was a market.Peter sold lots of shares and took in a lot of money to get the first disposable phones to market.Never happened save a few hundred units to some southern California Walgreens stores a couple years ago.
If you shop around these days for phones they are becomming smaller and cheaper everyday.I`m afraid the window of opportunity for HPON may have passed by.Big companies with much deeper pockets than HPON are happily producing low end phones and can undercut HPON badly.HPONs new products did look nice at the meeting,but I question if they have the resorces to produce them in any quantity.If you believe the PRs of late then they have sold a lot of phones.IF they have sold lots of phones last 6 months say,wouldn`t you think they would make sure they could get that info out to the public via filing quarterly numbers?.If things were good they would live up to their pledge and become "a fully reporting company".This is another broken HPON PR promise made over 2 years ago.