Perhaps no other name has personified the pot stock boom and bust more so than Hemp Inc OTCMKTS: HEMP CEO Bruce Perlowin. The execution of this scheme involved, among other things, purported gifts and consulting agreements that do not appear to have been bona fide and fraudulent statements made to Commission-registered broker-dealers.

While Bruce Perlowin and his associates were enriching themselves, shareholders of Hemp have been devastated resulting in tens of millions of dollars of losses. Here is the long-term chart of Hemp and you can see the damage done. The sad part is that Hemp was actually making some progress.

HEMP Stock Price - Hemp Inc. Stock Quote (U.S.: OTC) - MarketWatch

This was a pretty big deal for HEMP and its investors as the company has basically bet the ranch on this plant and the state of North Carolina. We told investors back in February that the company was making a comeback and things were finally starting to come together.

Getting product to market was indeed the first step for HEMP. We have been critical of the company at times in the past due to its endless stream of press releases built on hype and very little substance.

Finally, the company put out one that had nothing to do with legislation in other states or anything else to do with hype surrounding the benefits of hemp and its market potential. The problem as we later found out came from one of our loyal readers Rolling O Research who said:. We have also not seen evidence of the installation of any of the thousands of feet of ductwork that both keeps dust out of the air and moves material around the plant. Each of the two remaining phases were estimated to take 60 — 90 days each.

Perlowin will most likely be banned from the industry and it will be a battle to collect funds from him. Even if the argument is that shares were sold into the market and used to fund Hemp operations, shareholders did not benefit as Hemp and Perlowin burned through money like water.

We will be updating Insider Financial as soon as we know more.

HEMP Conversations | HEMP, INC. - Yahoo Finance

For continuing coverage on HEMP, sign up for our free newsletter today and get our next hot stock pick! What should I do? Sell and take a loss? Be hopeful that things will turn around with new management? You mentioned upcoming shareholder lawsuits, would I be a part of them; and if so, does selling or keeping shares affect my position in the upcoming lawsuits?

I really believed the hype that HEMP was putting out regarding the building of the 1st decertification plant in the USA.

I felt this was a great product to get in on, at the ground floor. There are so many states opening up the opportunity for farmers to grow and later have hemp processed. HEMP seemed to be taking the lead. Can any company come in, take over and make this dream work? If he was doing illegal things that falsely represented the shares they were selling you at that time, it is likely that that is where you would have damages, thus that would be something you may be able to sue over or join in a class action.

Selling now to get out any money you can is probably wise…because it could all drop to nothing. Rather, find a winner and put more in it slowly as it rises…much more success from picking winners than lawsuit riddled losers.

Also, call the company and talk to people…amazing how much you can learn from a quick phone call. I believe the Hemp Industry will grow in the future. Daily, I learn of advancements, studies, news, cures, etc from the Cannabis Pros. One of which is the use in electronics and supercapacitors using Lignin. Did you ever get involved in a shareholder lawsuit or find anything out? What about any info? I myself was scammed by them as well. In next 5 month you will see real coming back if hemp inc following business operation procedure.

I have a lot to say about how I was treated by Hemp Inc. I was suckered by hemp hype. I bought 20, shares at 10 cents per share. It immediately started down. Now it is 3 and falling. This article is bullshit with lies and flies mixed in with it.

Look at the chart and date fucking unbelievable lol if you believe you should not play the market. Feds, the "King of Pot," Kazakhstan and More - HEMPYS Brand Hemp Clothing. Bitter impaitient rantings of a man seeing red in his porfolio.

GOOD THINGS COME IN GOOD TIME! I was looking to invest but after doing due diligence am running away from this guy and will be looking to do my own reverse and create a solid profitable company. How much can you possibly lose? It will take time for these states to get their laws passed, licenses issued and industry moving.

Not for the faint of heart and never risk more than you can afford to lose. The guy is a freaking thief, I hope that Silo of his; falls over and hits him in the fucking head.

Bought a million shares of this garbage! Someday, someone will pay this asshole a visit…. Your email address will not be published. For over five years, we have provided a free service to a countless number of traders featuring only the best in the microcap arena. Insider Financial focuses solely on short-term high probability trade opportunities. Our alerts consist of Nasdaq, NYSE and high quality OTC companies that are capable of delivering outsized gains to you today, not a year from now.

If you have an interest in the lucrative microcap sector, sign up to Insider Financial today! Privacy Policy Feedback Advertising Contacts About Insider Financial Writing Staff Disclaimer. Receive Real-Time Short-Term Momentum Stock Alerts. Cannabis Get Out Of Hemp Inc OTCMKTS: HEMP While You Can. Posted on June 22, Sign up for next microcap runner ahead of the crowd. Sign up for our next MicroCap Runner ahead of the crowd! Steve Farac June 23, at 1: Adam Hennessy June 23, at 2: Scotty June 23, at 3: Jeremy November 17, at 6: Doua Vang April 30, at 7: Jason Lauve June 23, at 2: Greg calhoun June 30, at 2: July 2, at 2: Joe Cat August 16, at 2: Steve October 10, at David Armstrong February 17, at Allan February 26, at 1: Gary Thompson April 3, at Leave a Reply Cancel reply Your email address will not be published.

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