Replies to post #73315 on Hemp Inc (HEMP)

[Det_Robert_Thorne]

Numbers outdated. OS 1,232.1M at end of 2016

Is the correct? After R/S?

Market Value1 $18,850,680 a/o May 04, 2017
Authorized Shares 5,500,000,000 a/o Jun 30, 2016
Outstanding Shares 754,027,180 a/o Jun 30, 2016

Those OTCMarkets numbers for HEMP's market cap and OS are outdated, and I don't know why Hemp's CEO hasn't had them fixed yet.

In HEMP's 4Q/16 filing, it reported that the company had 1,232.1M outstanding common shares. That's an increase of 478.1M shares (up 63.4%) officially reported by HEMP since June 30, 2016.

http://www.otcmarkets.com/financialReportViewer?symbol=HEMP&id=169786


I called HEMP's Transfer Agent at the end of 1Q/17, and was told that at that time, HEMP had 1,748.6M shares outstanding. When HEMP reports in 2 weeks, we'll see a number that's close to that in its report. That's another 517M shares added in 1Q/17.

When I called the TA on May 1, I was told that the OS is now 1814.9M, which puts HEMP's market cap at around $43M, which is too high, considering its lack of revenue, big losses, and book value of about $0.002/share.