Replies to post #58508 on Hemp Inc (HEMP)

[Gailm]

Not sure what you are trying to say

The conversion mechanism using a derivative of an underlying stock IS NOT a dividend, although for accounting purposes HEMP will try to classify it as such to prevent a taxable event.

NO dividend makes a yield to existing shareholders by forfeiting the underlying stock unless it is a payout which would have to involve cash or an equivalent, and that would be a taxable event.

You had 10 shares yesterday, you have one share today of a stock which "ENCOMPASSES ASSETS REFLECTED AS COMMON SHARES. The SAME call on assets, rights and ownership which it had the day before.

This also has not usurped the rights of Preferred shareholders.

HEMPD will revert back to HEMP is 30 days.

The only thing that happened here, was Bruce pulled a fast one, like taking candy from a baby IMHO.

What IS likely to change will be a reduction in PPS, and this R/S prevented the stigma and illusion created when a penny stock goes micro.