Replies to post #80918 on Hemp Inc (HEMP)

[SpringTrader]

And that is a very valid point. No one is going to risk giving inside information to someone that would go post it on a forum lol.

[@realToothFairy]

There is no legitimate reason for a company to gag the TA

What is a "Gagged" Transfer Agent?

-A 'Transfer Agent' is a company's means of managing shareholder records, issuing and canceling stock certificates, and processing investor mailings. Some companies can act as their own transfer agent, but most often, especially with penny stocks, the job is outsourced to companies specializing in the business. Transfer agents are normally the most accurate, and often the only way of finding the current O/S, A/S, and float for a penny stock. Some will require a fax with shareholder details to retrieve the information, others simply a phone call or email. This type of transparency is desirable among investors.

A "Gagged" transfer agent is one which has been instructed by the company they are working for to not release information, such as the share structure. This is NOT a good situation. There is no legitimate reason for a company to gag their TA. It is almost always done to hide dilution. Without knowing the current number of outstanding shares, an investor has no idea if shares are being sold by the company. Concurrently, without knowing the number of authorized shares, the number of shares that can possibly be sold is not known either. Companies that practice this scam will often issue press releases, or other investor communication containing excuses for having the TA gagged. Unknowing investors will buy these up, and continue holding shares, or even buying more. We absolutely do not recommend touching a stock with a gagged TA, unless you are experienced with penny stocks, and it is purely a short term momentum play.

[Det_Robert_Thorne]

Perlowin is selling a load of bull!

“The transfer agent is not supposed to give that information out to an individual person - that is inside information because now that person has information no one else has. The only place everyone can find the stock information shared is in the quartly filings. If this guy previously got information from the transfer agent that was not in the filings then he was/is possession of inside information and if he acted on that information or told someone else that information and they acted on it (bought or sold stock) then they all violated the law!”

Perlowin is selling a load of BS with that comment. Plenty of companies allow the TA to tell interested parties the number of shares, and for several years, so was Bruce.

Anyone interested could contact the TA, which meant that the current share count wasn't "inside information", but publicly available data.

Bruce shut off the tap simply because the rapid increase in the OS due to note conversion, or share subscription or other selling measures was simply information embarrassing to him and HEMP.

If Bruce truly wanted to be transparent, he would ask the TA again release the information to interested parties, AND to update HEMP's OTC Markets profile page on a monthly basis, as I've seen some other companies do. Instead, he hasn't had that page updated with the OS since June 30, 2016, when it was 754M shares.

Thanks to my calling the TA, HEMP's shareholders knew that the OS was well above 2.4B shares by the end of 3Q/17, but now won't know the OS at the end of 4Q/17 until the end of March, 2018, or possibly the second week of April.

As to the person who plans to take the tour and view the machinery first hand, it will be impossible to see the allegedly cracked crankshafts in the Temafa line because they are in places in the machinery that are not visible without removing panels. If the machine is closed up, the internal status will be unknown.