Hop-On Inc (HPNN)

[Arthur]

Since the Default Judgment is disclosed in the interim financial report of September 30,2009
then the 20-day period to contest a default judfgment has clearly ran out.

Another Hop-On so-called "Partner", Global Verge, recently won a default judgment against ZER01.
ZER01 is the company who announced revolutionary UNLIMITED cell phone contracts at $69.99 in early 2009. The "service" was never launched, and the phones "revolutionary" VOIP technology was never demonstrated convincingly.

Global Verge inistially sued ZER01 to recover the $179K that they had foolishly "loaned" to one of ZER01 investors; at the time, ZER01 was telling journalists that they were a multi-billion $$$ corporation, whose business address happened to be a Nevada PO box.

The ZER01 lawyer, after several continuances, informed the judge he had been unable to contact his principals, and asked leave from Court to be relieved from the case. Then Global Verge increased their damages claims to $44 Million dollars, which were awarded as a Default Judgement. Zer01 and Ben Piilani then failed to contest the ruling within the prescribed period.

A default ruling against a PO Box type company does not bring any dollars, but you can legally seize any asset that you can locate.

So, there is a short list of what may befall on HPNN at any time

1. They may file for Bankruptcy. Assets: $154K, Liabilities: $10M

2. The SEC can have their stock registration revoked for failute to file timely audited financials.

3. Their assets may be seized by their Mexican (Chinese) manufacturer/partner.

Apart that, they're in lousy shape.