Hop-On Inc (HPNN)

[PRmaniac]

Will need to raise A/S to 20 billion withing weeks

Plus, they already issued 3/4 of the new preferred class C stock, each shares worth 300 common.

They are required to have A/S common high enough to cover the conversion of those billions of shares-worth of restricted shares (on as-converted basis).

Hop-On still does not have a high enough A/S at 4.98 billion shares.

Looks like the SEC may have contacted them, because they apparently raised the A/S with Nevada quickly after the tiplines got the reports of issuing billion more shares than authorized in 2010 and 2011.