except Hop-ON fraud and scams are well-known throughout the years, so investors only have to do a web search for Peter Michaels and fraud to get the picture.
I choose to avoid supporting a fraud CEO and his scams. Investors may or may not know that Peter Michaels secretly controlled Re-Medical while he was hyping deals with this company, claiming huge "wins" with it without disclosure.
All of a sudden, he claimed Re-Medical was acquired as a subsidiary in a big win, but he already controlled it. Later he stopped claiming it was a subsidiary, then, when he decided to hype it again, he claimed it was a subsidiary again. No mention of the purchase/acquisition or the purchase price.....ever.
He did the exact same thing with USACig, secretly controlling it while hyping deals with it and even announcing the huge acquisition....again he did not disclose he was secretly controlling this company, too.
He did this previously with other companies, too, and even funneled close to $1 million in cash from Hop-On dilutive share issuances to Green Frog Fund, a company crook lawyer Richard Weed set up with Peter being President. This was a no interest, no payback terms "loan" that he did not disclose was to an entity he secretly controlled.
Hop-ON shareholders should have demanded he require payback of shareholder money, but he apparently made no attempt to make shareholders whole. Did that cash simply go into the CEO's pockets. He has previously been convicted of money laundering.
He also was found personally liable (along with Hop-ON) for stealing money customer wired him for product. The judge commented, in his decision, that Peter never intended to provide the product.
He did the exact same thing with USACig, secretly controlling it while hyping deals with it.
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