Replies to post #62786 on Hemp Inc (HEMP)

[Det_Robert_Thorne]

No, that doesn't answer the question at all.

I don't believe the kenaf was of great concern at the auction. The idea was to get the decorticator at a good price before someone else grabbed it.

That so-called answer didn't really address my question at all.

Because the NC Industrial Hemp Commission won't be seated until at least July, 2016, there will be little hemp grown and harvested. The Kenaf that HEMP has on hand will be the main source of revenue in 2016.

That means that if Perlowin wants some revenue in 2017, he'll have to pay for a 2016 Kenaf crop for 2017 processing.

The October, 2014 post about the small kenaf market pointed out that Perlowin's claims that the Kenaf would provide cash flow were likely wrong, because if the kenaf market for fiber and LCM was viable, the Kenaf association wouldn't have disbanded and the seed company wouldn't have ceased to exist.

Perlowin got the equipment for such a low price because nobody wanted it.

Because the kenaf market in the U.S. isn't viable.

Which means that in the face of a declining drilling market, HEMP will have trouble selling kenaf-based LCM.

And it won't have significant quantities of hemp to process at the plant until after the 2017 harvest, which won't happen until very late in 2017, which means processing in 2018.

Two more years of dilution are coming.

[Gailm]

Wait a minute CONDOR!

Your post would be OK IF ONLY Bruce Perlowin and HEMP,inc did NOT translate the kenaf into a PR stating Income potential.

Once a company uses a "fact" and publishes it--they are responsible for its accuracy.

Now I realize we all have gotten use to Bruce writing down MILLIONS of dollars of PREVIOUSLY reported income without any fanfare--but still, the kenaf was held out to be INCOME for HEMP.


So, The Kenaf was put on the table as meaningful--now its not?

That is not how public companies work. As HEMP, inc is about to find out.