Hop-On Inc (HPNN)

[Arthur]

I cannot say for sure how many lenders he defrauded, how many suppliers he left unpaid, how many investors he ...

But the most recent (unaudited) financials show:
- Debt and liabilities of $9.2M
- Accumulated deficit of $27.7M --- yest that how much he's lost mismanaging other's people money.

In my older posts, I often mentioned a pattern:

Year Revenues Stock proceeds/financing

2007 $0 $3.0M
2008 $405 $200K (was in jail, I suppose)
2009 $0 $177K
2010 $47K $3.4M
2011 $261K $1.4M

2012 $0 ? $?

The pattern is that HPNN is way more proficient at selling shares than at selling a product. And, whatever it sells, it always sells at a loss.