Replies to post #64482 on Hemp Inc (HEMP)

[Det_Robert_Thorne]

You omitted the most relevant NUVO article quote

That's a lot of quotes about industrial hemp in Indiana, but you omitted the paragraph of greatest importance to HEMP and its shareholders, which immediately followed one that you did include, which began "But a successful hemp industry takes more than just farmers willing to grow it.", and preceded the paragraph about processing plants not locating in an area without an industry to buy the materials.

Here are all three paragraphs, to provide context (I've "bolded" the missing paragraph):

But a successful hemp industry takes more than just farmers willing to grow it. The farmers need a place to sell their crop. The "sale" of hemp is a complicated equation. First there has to be a place to process the plant fibers, harvest the seeds, and/or press the oil. There are currently no plant materials processing facilities in Indiana.

"You can't transport it very far and make any money," says Turco. "It's like everything else in the biological world of plants. You can't just move things very far because the transportation costs will kill you on profit."

Processing plants won't locate in an area without an industry to buy the material after it is processed. Right now there are just a few companies in Indiana that are using hemp in some form or fashion. The largest company in the state that exports hemp is FlexForm Technologies in Elkhart. The company specializes in natural fiber materials used in the automotive and aircraft industries, modular housing, packaging and paneling. The company imports thousands of pounds of natural fiber each week, but only a small amount of that fiber is hemp.

http://www.nuvo.net/indianapolis/lets-get-hemp-notized/Content?oid=3937601

Essentialy, Mr Turco is telling HEMP shareholders that unless hemp is grown reasonably close the plant in Spring Hope, transportation costs will eat up any profit.

[Condor65]

After the insider and the broken crankshaft (fake), the class action "HEMP Stock Investors Trading Group"(fake), the letter from the cocaine pusher (fake), the disease of Bruce Perlowin (fake), the yoga site ...

Now we have the talking worker and problems with the switching boxes.

Better than a sitcom ...

I don't want lose the next episode.

"Spring Hope bombarded by aliens"

Orson Welles would be proud ...

[Det_Robert_Thorne]

Legal to import hulled hemp seeds as food

I don't know where you got the idea that it would be illegal for HEMP to sell the seeds it imported from China:

Since it is illegal to purchase hemp seeds in the U.S.*, Purdue researchers have to import seeds from other countries to conduct their research.

*Reason why Hemp Inc hasn't sold their seed

Importing sterilized or hulled seeds (AKA, Hemp Hearts), which can't sprout, is legal, otherwise you wouldn't be able to buy hemp hearts in food stores.

Perlowin talked about these seeds as if they were for food, not for planting, and in some PRs, they spoke of them as hulled hemp hearts.

LAS VEGAS, Feb. 24, 2014 (GLOBE NEWSWIRE) — Hemp, Inc. announces the arrival its first shipment of hemp hearts into the U.S. from its hemp crop in the Gansu Province of Northwest China. The hemp crop, which was planted back in 2013, yielded over 40,000 kg of hemp seeds and over 35,000 kg of raw fiber. The shipment is expected to be delivered to Hemp, Inc. corporate headquarters, in Las Vegas, NV, on Tuesday, February 25, 2014. Hemp, Inc. plans to test market the hemp hearts to wholesalers as well as retailers and find the best distribution channels. [emphasis added]

CEO, Bruce Perlowin stated, “This announcement underscores Hemp, Inc.’s leadership and commitment of delivering a new, unique flavor to consumers. We believe consumers will find the bold taste and subtle texture superior to what is currently availabe in retail chains such as Whole Foods Market and other nutritional health food stores.” He continued, “The new, green American Industrial Revolution is underway and we’re building upon the tremendous momentum we’ve established over the past couple of years. This first shipment marks a new juncture for the industrial hemp industry.” [emphasis added]

http://hempinc.com/hemp-inc-s-first-shipment-of-hemp-hearts-arrives-in-the-u-s/

If HEMP didn't sell them, which it appears it didn't because no financial data was reported or PR issued about the sale, then it was because of one of the following reasons:

1) Substandard hemp hearts compared to Canadian product (remembe the melatonin in the Chinese dog food)
2) Couldn't find a buyer
3) Couldn't package and sell himself
4) Seeds went bad before they could be sold (they have a shelf-life)
5) It was just a one-shot stunt to sell shares, with Bruce having no intention of continuing the relationship because he wouldn't have been able to compete with Canadian hemp hearts.