Hemp Inc (OTCMKTS:HEMP) Losing Altitude

[[tagnumber 0]][[tagnumber 1]]After briefly climbing through the charts we see that Hemp Inc (OTCMKTS:HEMP) has been losing altitude recently. This might not come as much of a surprise for the people who have done their due diligence.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]After all, the ascent of the company stock was backed by nothing more than fluff PR. Meanwhile, the financial situation in [[tagnumber 6]]HEMP[[tagnumber 7]] is not that rosy and a quick look at the numbers of prime interest from the report covering the second quarter of the year shows that quite clearly.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 11]] [[tagnumber 12]]cash: $176 thousand[[tagnumber 13]] [[tagnumber 12]]current assets: $907 thousand[[tagnumber 13]] [[tagnumber 12]]current liabilities: $2.5 million[[tagnumber 13]] [[tagnumber 12]]quarterly revenues: $33 thousand[[tagnumber 13]] [[tagnumber 12]]quarterly net loss: $1.14 million[[tagnumber 13]] [[tagnumber 22]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]Furthermore, let’s not forget that [[tagnumber 6]]HEMP[[tagnumber 7]] has suffered through quite a lot of dilution for a long time. Meanwhile, the reassembly of the company’s decortication plant has been delayed on numerous occasions and the latest estimates are that it will be ready in the first quarter of 2016.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]Considering all the fluff PR and other red flags plaguing the company the latest 11.54% drop comes as no surprise. Yesterday we saw [[tagnumber 6]]HEMP[[tagnumber 7]] slide to a close at $0.0575 with a total of 3 million traded shares that generated $181 thousand in daily dollar volume.[[tagnumber 2]]