Replies to post #66610 on Hemp Inc (HEMP)

[HempLife]

Wow your doing a lot there. Just relaying the # the TA gave me. Unpublished? Well I don't know how published it is, but it is a number that is available to the public if anyone wants to know it during market hours when the TA is available they seem very helpful but please don't irritate them with too many redundant calls when I just got the #

[Det_Robert_Thorne]

Doesn't matter if restricted or not

It doesn't matter if the shares are restricted, because we're talking about the OS, not the float, which is what is used to calculate the market cap.

With 754M shares, HEMP's market cap is now approximately $22.6M, which is pretty high for a company with zero revenue from operations, a non-operating plant and real assets of less than $5M (I don't count the $1.8M for the LPO software, which I think Bruce keeps on the balance sheet to inflate the asset value.)

The book value of HEMP is about $4.6M, so with 754M shares, the BV per share is now $0.006.

Finally, regarding restricted shares, normally they would have to be held for 1 year before they could be converted to unrestricted shares and sold, but remember, the SEC is going after HEMP and Perlowin for giving restricted shares to his brother, Epling and their associated companies, who then sold them while they were still restricted, apparently by telling brokers that they were unrestricted shares.