Seems more like Petey knows that there are few that would invest after doing DD or a credit check. The man (and HPNN) just doesn't pay his obligations, court-ordered judgments or the California tax authority.
There is no way $hpnn can launch anything under this ticker without being subject to seizure to settle debts. Peter and I both know this to be a fact. How idiotic to believe that there would-be even bigger stooges than the ones who backed out of the first quarter funding. Good grief.