Replies to post #59042 on Hemp Inc (HEMP)

[Det_Robert_Thorne]

No, bottom line is worse than that

The bottom line is that HEMP is a company run by an aging hippie, ex-con drug smuggler who is selling a fantasy.

It is highly likely that since the reverse he has been selling shares from his personal stash to raise money to loan to the company. Those loans will eventually be repaid with Preferred shares, which will be converted into common shares.

Of course, it's also likely that he's only loaning the company a portion of the money obtained from the selling of his own shares, so even if HEMP were to fail at this decorticator endeavor as it has with all of its other businesses, Perlowin will still end up rich.

Unlike Jobs, Wozniak and Gates, who only became rich once their companies were successful.