Hemp Inc (HEMP)

[Det_Robert_Thorne]

It's not a 10-Q, but a "Quarterly Disclosure"

Since HEMP is an OTC Pink Current stock, it files a Quarterly Information and Disclosure Statement, which is far less detailed than the 10-Q required for OTC QB and higher (NASDAQ and NYSE).

Regarding the revenue numbers, I saw those on page 7 of the 3Q/13 Statement.

But here's the thing that makes me wonder if that $673,588 is actual revenue or something else: On page 9 of the same filing, that same amount ($673,588) appears in the Statement of Cash Flows as Debt Conversion. The question that follows is, what debt was converted?

The 2Q/13 filing said that Perlowin was owed $1,538,822 at the end of Q2, and the Q3 filing shows that's been reduced to $1,181,775, but the difference is "only" $357,573, and that doesn't match up.

More DD is required.