Replies to post #65773 on Hop-On Inc (HPNN)

[jgusciora]

not doubting you at all, thought i had read somewhere that A/S was 7.4 bill and the O/S was around 7 billion. I may be wrong, wouldn't be the first time.

[Arthur]

You're reading it wrong.
According to HPNN's OTC filings,
Total Shares Authorized: 7,480,000,000
Total Shares Outstanding: 7,048,049,711

As of January 1st, 2014

Also, there are 3 series of preferred shares:
Preferred Stock- Series A, authorized 5,000,000 shares; 5,000,000 shares issued and outstanding
Preferred Stock- Series B, authorized 5,000,000 shares; 5,000,000 shares issued and outstanding
Preferred Stock- Series C, authorized 10,000,000 shares; 10,000,000 shares issued and outstanding

Series C shares convert into 300 common shares, thus that's potentially 3 billion dilutive shares more that can hit the market pretty much at any time.

Series A and Series B shares convert at a ration of about 375 common shares, so that's another 4 billion potential shares.

The preferred shares are immune from any Split or Reverse Split.

[jgusciora]

here from their last filing:

Trading Symbol: HPNN
Exact Title and Class of Securities Outstanding: Common shares
CUSIP: 439338203
Par Value: $0.0001
Total Shares Authorized: 7,480,000,000
Total Shares Outstanding: 7,048,049,711