Replies to post #112270 on Hemp Inc (HEMP)

[Det_Robert_Thorne]

Notes Payable also a black hole.

It appears from the Balance Sheet and Statement of Cash Flows that HEMP issued $17.4M of new notes and spent $11.5M on Property, plant and equipment in 2Q/19, but explained none of this in "Note 5 - Notes Payable". In fact, the statement in that section unchanged since at least the 1Q/17 filing. IOW, it's more than three years old.

I don't recall seeing any capital projects or large land purchases in Perlowin's 2Q/19 Facebook Posts that could explain the reason for these notes and PP&E increase.