Replies to post #74041 on Hop-On Inc (HPNN)

[PRmaniac]

LaLife - such a sweet deal, but not for shareholders

Supposedly returned 1 billion shares to treasury, but had to offer a massive discount upon conversion of the preferred shares just to get the insider lenders to agree to it. The 65% conversion ratio is not good for common shareholders, who may see massive dilution with that so-called debt for shares deal.

The deal also destroyed much of the shareholder value for common stock holders, and each of the new class of preferred have 500 votes/share voting power....virtually guaranteeing common shareholders have no voting power whatsoever.

[SRV-90]

LaLife

Let's look at those "daily" numbers in the correct way.

The daily numbers represent trades not settled for THAT day. So, say I sell some of my shares and you happen to buy them.

Since my shares that I sold haven't cleared yet, and you bought them, there is a part of the leg of the trade that hasn't been settled yet, so thus the trades are reported as "short"

At the end of the day those trades are usually settled but can't be reported twice on the daily reports as that would create more volume.

The "short" label is very misleading to some who don't understand how the clearing process works so it's very understandable why many confuse those numbers with actual short positions.

So, when the "Bi-Monthly" reports come out, all those settled trades are cleared out and it shows no actual short positions.

Remember that FINRA is the only OFFICIAL site for those numbers. Any other site(Like the OTC Short report) are only using those numbers to their advantage to make people think that there is massive shorting going on.

another factor here is that HPNN has been removed from the NSCC and thus will create more issues since all shares need to be cleared first before being able to be traded again.

So, if you need to understand this more, my recommendation is to contact FINRA and speak to a MARKET REGULATOR who can explain to you what those daily numbers actually represent rather than trying to speculate on what you think they actually mean.

Good luck