Hop-on Announces It Has Initiated the Process to Become Current With Its Reporting
On March 12, 2021, Hop-on, Inc. (HPNN) announced filing of two years' financial statements and an updated disclosure statement as a non-audited company.
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Rhea-AI Summary
On March 12, 2021, Hop-on, Inc. (HPNN) announced filing of two years' financial statements and an updated disclosure statement as a non-audited company. CEO Peter Michaels highlighted a significant shorting situation, revealing that market makers shorted over 69% of HPNN's volume traded yesterday, totaling 97,843,827 shares. In the past 10 trading days, over a billion shares have been shorted. Hop-on focuses on mobile and computing technologies and is developing DigitalAge.com, a decentralized social media platform aimed at data portability and free speech.
Positive
- Filed last two years' financial statements and updated disclosure, improving transparency.
- Developing DigitalAge.com, a decentralized social media platform aimed at data portability.
Negative
- Significant shorting activity with over 69% of trades being shorted, indicating potential market manipulation.
- Over a billion shares have been shorted in the last 10 trading days, raising concerns about stock volatility.
Details
News Market Reaction – HPNN
The recorded move for HPNN in the trading session of this news was -1.28%.
Data tracked by StockTitan Argus. Session date unavailable.
AI-generated analysis. How Rhea-AI works. Not financial advice.
Temecula, CA, March 16, 2021 (GLOBE NEWSWIRE) -- via NewMediaWire -- HOP-ON, INC. (OTC:HPNN) announced on March 12th the Company filed the required documentation of the last two years’ financial statements, and an updated disclosure statement with the attorney letter covering all relevant information for a non-audited company.
Peter Michaels, CEO of Hop-on, stated, “Hop-on is known for innovation and creating new technologies and bringing them to market. We are being attacked by market makers shorting our OTC company. Just yesterday, market makers shorted 97,843,827 of 140,012,370 total volume traded, which is greater than
About Hop-on, Inc.
Hop-on, Inc. (HPNN.PK) is a manufacturer of electronics over the last 20 years, focused on capitalizing its secured essential license agreements for mobile and computing technologies. DigitalAge.com is the Company’s upcoming decentralized social media platform focused on data portability and free speech, embedded with patent pending rights and royalty management technologies to protect visual content across social platforms and devices.
Contact
Peter Michaels, CEO
contact@hop-on.com
+1-949-756-9008
Forward-Looking Statements: https://www.hop-on.com/forward-looking-statements
Certain statements in this news release may contain forward-looking information within the meaning of Rule 175 under the Securities Act of 1933, and are subject to Rule 3B-6 under the Securities Exchange Act of 1934, and are subject to the safe harbor created by those rules. All statements, other than statements of fact, included in this release, including, without limitation, statements regarding potential future plans and objectives of the company, are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and other results and further events could differ materially from those anticipated in such statements. Future events and actual results could differ materially from those set forth in, contemplated by, or underlying the forward-looking statements.
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