Replies to post #112520 on Hemp Inc (HEMP)

[VoiceofModeration]

"buying 900k ... and reselling it over and over."

This would be in reference to someone or several people buying and selling blocks of 900k shares of Hemp Inc. stock throughout the day. I, too, noticed this very same thing happening some time back already. I just assumed that it was probably a market maker picking up shares to have available to resell to buyer demand. Some have claimed that penny stocks like Hemp Inc. don't have market makers.

If that is so, then if it is one individual doing it, he/she must have deep pockets; since you can't trade more than once with the same cash in the same day without being in violation of wash-sale regulations.

That all aside, I want to say that any person who buys and sells back at a profit, helps Hemp Inc's PPS. This is the direct opposite of those who buy and sell back at a loss. Such transactions only exert a constant pull downward on PPS. That is why my message (to which you responded with your reply) was that all such 'weak hands' will need to be weeded out of Hemp Inc.'s stock before we can hope for an end to this downward drift.

So, take heart that every time you see a new low (like today, again) on high volume, we are cleaning house of those who pose a negative force on Hemp Inc.'s stock price. I mentioned in yesterdays message that with so many shares out there, it will take time to purge the system; and hopefully replace these shareholders with new ones that would have a more realistic view of what is and isn't possible for Hemp Inc. or the hemp industry as a whole.