Hemp Inc (HEMP)

[Det_Robert_Thorne]

Why is HEMP's market cap over $425 million?

I've been looking at Hemp's filings, and for the life of me, I can't figure out if they've made any money in the last year that was made from the selling of an actual product or service. All their Q1 - Q3 revenue seems to involve the sale of stock or something to do with stock.

As of the end of Q3, they had 1.6B outstanding shares, and the preferred seem to be convertible into more common shares.

The website isn't clear about what they actually are selling, other than some social media and some hemp supplements, but they don't break out the revenue and costs of these products, so I'm not sure how to judge the value of those businesses.

Even the PR about the passing of the farm bill doesn't seem to be talking much about how it will directly effect HEMP's business, other than perhaps they won't have to import the raw materials for their products (but again, there's nothing in their filings about revenue from product shipments.)

Are the products too new to show up in the 3Q/13 report, and we'll see something in the Q4 report?

Will they add another 100M to 200M shares to the number of outstanding shares, like they've done in most quarters over the past year?

Why is this company worth over $425M in market capitalization?

Further research is warranted.