PRmaniac
4 weeks ago
Wow, @HPNN is flat broke.
And any money supposedly funneled through fraudster Petey's LLC is supposed to be used to pay back creditors instead of lining his pockets.
No wonder it can't keep much money in a bank account, since it is all subject to seizure by creditors, per court ordered liens on assets (present or future assets, including digitalage).
Petey, I hear those debtor exams are not going so well for you.
Too bad California does not have debtor prison, because you might have a life sentence for all that fraud, stealing from shareholders, failure to pay the tax man, and failure to pay loans in default.
PRmaniac
1 month ago
Name change - More bad news for @HPNN investors. Your share may be worth less than nothing.
Most may be unaware but Hop-On changed its name and its officers names have been changed to another person (Peter Michaels Sr.).
Looks like he is still trying to evade payment of all those court judgments, tax liens, liens, and loans past due.
Investors may not even really own shares anymore, or possibly just have an empty shell.
One would think this would be listed in notes on their financial disclosure, but @HPNN appears to be trying to hide this activity from investors.
PRmaniac
1 month ago
More bad news for @HPNN investors. Your share may be worth less than nothing.
Most may be unaware but Hop-On changed its name and its officers names have been changed to another person (Peter Michaels Sr.).
Looks like he is still trying to evade payment of all those court judgments, tax liens, liens, and loans past due.
Investors may not even really own shares anymore, or possibly just have an empty shell.
One would think this would be listed in notes on their financial disclosure, but @HPNN appears to be trying to hide this activity from investors.
PRmaniac
1 month ago
Beginning of the end for @HPNN
Most may be unaware, but Hop-On changed its name and its officers names have been changed to another person (Peter Michaels Sr.).
Looks like he is still trying to evade payment of all those court judgments, tax liens, liens, and loans past due.
Investors may not even really own shares anymore, or possibly just have an empty shell.
One would think this would be listed in notes on their financial disclosure, but @HPNN appears to be trying to hide this activity from investors.
PRmaniac
1 month ago
@HPNN funding did not materialize
So Peter lied about funding, too? He said it happened, then we find out that it all fell-through.
Probably did a credit check and saw all the loans HPNN has that it refuses to pay back.
4th Quarter of 2022, the Company did not secure the anticipated $26 million in bond financing for its decentralized social media platform, Digitalage. Underwriting was scheduled for completion in Q1, 2023. Digitalage requested for additional resources from the bond financing trustees, totaling over $50 million, to accelerate product development. The previously announced $5 million mezzanine round has not materialized as anticipated, and has affected timing for platform launch
PRmaniac
1 month ago
The numbers show insolvency and bankruptcy in the future.
Did you know the massive liens against it and the CEO are going after all past, present, and future assets?
This includes any patents, licenses, accounts receivable, revenue, loan proceeds, bank account balances, etc.
Do you now understand why @HPNN cannot keep a substantial balance in any bank account?
@HPNN is also $10K in the hole on credit card balance.
The CEO has been convicted of felony money laundering and felony financial fraud.
He takes out loans that he refuses to pay back (knowing he has no money to pay loans back).
PRmaniac
1 month ago
There is no product. The CEO, known for fraud and his felonies, has been pushing and lying about this for years.
With over 7.5 billion shares out, all classes of preferred shares maxed-out and issued and outstanding, massive liabilities and debts and liens on any assets, and no way to pay their obligations, it is more like dumpster diving.
Hopefully investors can somehow get out with less loss than they are already facing.