Hop-On Inc (HPNN)

[PRmaniac]

nors - float is NOT low. HOP-ON has NO cash in the bank at all, no sales or money coming in, per their financials. Where do they get the cash to pay their bills and their fluff press releases?

They just doubled the share authorization, which means more dilution to keep the little operation running, IMO.

Just look at the float, as compared to outstanding shares. It is very high. Market cap is much too high already with assets dwindling and no money apparent to run operations or pay Peter's salary.

Outstanding Shares
794,049,000 as of Jan 6, 2010
Authorized Shares
1,490,000,000 as of Jan 6, 2010
Float(shares)
700,000,000 as of Jan 6, 2010