Jay Pignatello was also CEO, president and also secretary for Hop-On at other times, and was also CEO of USACIG (another company Hop-On CEO Peter Michaels Secretly Controlled as president)
Looks like Jay Pignatello got a little crooked at Cannabiz.
Hop-On acquired USACIG (which Hop-On CEO and Jay Pignatello already controlled) with preferred shares, but failed to disclose that that company was already controlled by the same bad actors. Hop-On also touted "deals" with USACIG before that, without disclosing that Peter and Jay already controlled that entity.
I read the SEC complaint. The SEC has Pignatello's brokerage account records. I wonder if the investigation will bring new questions about his association with Hop-On's CEO Peter Michaels?
Seems like Peter Michaels' former lawyers, secretaries, and associates are dropping like flies. They are either being indicted or charged with securities violations by the SEC.
I know that Richard Weed was just convicted and is facing SEC charges. Their former attorney Joseph Piterra has also been indicted.
SOURCE: USACIG; Hop-on
July 26, 2010 11:35 ET
Hop-on Has Letter of Intent to Acquire USAcig
TEMECULA, CA--(Marketwire - July 26, 2010) - Hop-on, Inc. (PINKSHEETS: HPNN) announced today that it signed a Letter of Intent to acquire USAcig. USAcig is the premier US-based Electronic Cigarette Manufacturer.
Jay Pignatello, President of Hop-on, stated, "Hop-on is diversifying its business model to acquire fully operational businesses to bring revenue to its bottom line."
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