Hemp Inc (HEMP)

[matrix]

Herbert Becker and Debi George appeared today in Christian Trader's Paltalk chatroom and was piped into at least three other chatrooms. Total listening audience was probably around 1,000 people. The session was recorded by CT. There was a lot of technical problems for him hearing and being heard. Not sure if/when it will be made available online for others.

George appeared first and talked very briefly. She struck me as being a straightforward kind of person. She said she has made it her responsibility to help clean house and ensure investors get truthful info. If anyone feels they're releasing wrong info to please contact her. They aren't going to send out fluffy PRs anymore. The marketing machine though will crank up soon for the product's rollout.

Becker was on for about an hour and spent the entire time responding to questions. He sounded very business-like and sincere not a hype-head like so many pennystock CEOs are. He made it very clear his priority is not on the stock itself but on growing and making the company successful.

Here are just some tidbits from it:

HPB-84's ingredients are:
-- Bitter Gourd (Momordica Charantia) (seed)
-- Naga Jihwa (Enicostemma Littorale) (ariel part)
-- Cinnamon (Cinnamonum Zeylandicum) (bark)
-- Fenugreek (Trigonella Foenum Graecum) (seed)
-- Bengal quince (Aegle marmelos) (leaves)
-- Gurmar (Gymnema Sylvestre) (leaves)

The product is produced in India and packaged/distributed in the USA. Right now, it will only be sold through a medical doctor who will provide supervision over the entire 12-week program. He expects the average treatment to cost about $10,000 per individual. They are currently talking w/ insurance carriers to see if they will cover this. Blue Cross/Blue Shield has expressed an interest in doing so.

In Jan, they opened their first wellness center. This one is owned by the founder, Ron Brooks. These are actually full-service clinics. If a customer is interested in the HPB program, then he's referred over to it. They currently have only one doctor, Dr Tim Lawton. He's a GP who has leaned mostly towards homeopathic treatments during his medical practice. So, they feel he's a good fit. They hope to start franchising later this month or March.

45M o/s: Within a week of taking over, Becker saw the o/s total given out repeatedly to investors was inaccurate and had an audit conducted to determine the correct amount. He does not plan to reduce the o/s. His first thought was to do a 1-50 r/s but realized shareholders wouldn't like it.

share buyback: He doesn't think it's a good idea to spend their money doing this right now.

treasury stock: He prefers to retire this stock but may very well need it instead to fund operations. He repeated a few times that his priority is not on the stock but in getting the company to make money.

NSS: He says they continue to combat naked shorting the best they can. The stock has stabilized and climbed since appearing on the SHO list.