Replies to post #52122 on Hemp Inc (HEMP)

[Condor65]

Sorry, you are not right.

The value as new of this investment is almost 20M$.

Bruce never paid that.

The operation is in three parts:

1) Decorticator: value as new 10 M$, paid almost 2 Millions, almost 1 Year of life. A bargain.

2) Location: 1436 N Carolina 581, Spring Hope, NC 27882, Stati Uniti.

https://maps.google.it/maps?client=firefox-a&hs=Iku&rls=org.mozilla:it:official&channel=rcs&bav=on.2,or.r_qf.&bvm=bv.82001339,d.d2s&biw=1024&bih=571&um=1&ie=UTF-8&fb=1&gl=it&ftid=0x89ac327f060b8d3b:0x6e1d43a30ec5c120&q=1436+N+Carolina+581,+Spring+Hope,+NC+27882,+Stati+Uniti&sa=X&ei=0cmeVIj3E86KaJGRgNgK&ved=0CCAQ8gEwAA&output=classic&dg=brw

The structure comes from a Company closed in 2013 : Bissett Produce in Spring Hope has filed for Chapter 11 bankruptcy protection.

https://www.rockymounttelegram.com/business/spring-hope-produce-company-files-bankruptcy-1861355

http://springhopeenterprise.com/bissett-produce-files-chapter-bankruptcy-p6585-102.htm

"Bissett Produce, which dates back to 1933, specializes in growing, processing and selling sweet potatoes on a wholesale basis. A large portion of the Spring Hope company’s crop is sold domestically, with its biggest export market being the United Kingdom."

The structure is equipped with a large refrigerator.

To buy another decorticator we don't need 20 millions: the plant is big enough to contain many lines of decortication.

Bruce said 2 years (2->4 millions)is enough.

I believe is possible.

3) Trucks , forklifters, and tools.

Now we are waiting only the ignition.


Cheers !!

C65

[worldisfullofDerps]

The fact that the raw materials for this business are now less regulated than last year, and continue to loosen, cannot be discussed away.

McConnell is an Ally "The push to revive hemp has a powerful ally in Kentucky Republican Mitch McConnell, the incoming Senate majority leader. McConnell crafted the hemp language inserted into the farm bill and pushed for the language to prevent federal agencies from blocking legal hemp projects."

Nice of you to chime.