Hemp inc is a scam… They continue to release awesome sounding press releases but do not deliver on any of them.
Do your own due diligence on them, of course, but I have some information that you should at least take note of….
Check out another person’s due diligence on a single press release they did.
Hemp Inc is a scam
Take a look at the press release that I found posted on the Wall Street Journal
In this press release Bruce Perlowin, Barry Epling, and David Tobias claim that they are helping the homeless but they do not deliver any product. It is only a paper deal between two of their own companies.
Bruce Perlowin, CEO of Hemp, Inc. (OTC: HEMP) said the Agreement is based on the same concept of the “New Economic Paradigm”, “Purchasing Matrix”. His innovative purchasing matrix has already generated over $40,000 in purchases. “With the Purchasing Matrix beta-tested and producing, it’s very obvious it will reach $50,000 in purchases each month in the near future, so I decided to match that amount. Since this “Humanitarian Economic Model” allows that first $50,000 to generate very large profits for the company and gives the protein to starving people in the U.S. and around the world, I wanted to celebrate this accomplishment by matching and thus duplicating that achievement.
So, Bruce is giving hemp protein to the starving… When asked for proof of this Hemp Inc explained that it was a paper deal and that no hemp was shipped at all. They are, however, paying a commission on this paper sale each month. I am pretty sure that is illegal but I am just a website editor… I can, however, say that I expected great things out of this company. Guess I was sucked in by the pretty writing on the wall in their many press releases. Don’t let me be the judge and jury, do your own research and make your own decision but don’t blame me if you invest with them and lose a bunch of money.
You have been warned…
Hemp Inc may just be a pump and dump SCAM that benefits the insiders at a cost to the stockholders.