Replies to post #48707 on Hemp Inc (HEMP)

[Det_Robert_Thorne]

How did HEMP do right?

The shares are worth much less than when they were received, and they have to be held for one year.

As to that $0.0785 number, share-based revenue is recorded at the closing price on the day the shares are paid, not the daily high.

If HEMP received the shares on Feb 6, the day the contract was signed (since the pre-market open Feb 7 PR would have been reporting the news from the prior day,) then they would be recorded at the closing price on Feb 6.

But REVI says in its filing that the shares were paid on Feb 14, and the closing price that day was $0.06.

So, as of today, the value of the 30M initial shares paid by REVI is either down 50% or 71% from the day they were received.