Hemp Inc (OTCMKTS:HEMP) Rushes Up The Charts

[[tagnumber 0]][[tagnumber 1]]Hemp Inc (OTCMKTS:HEMP) is far from the levels it had back when the marijuana rush first kicked in. The company stock’s performance is quite underwhelming and the ticker seems to be recording around 90% of its sessions in the red.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]Most of the time we see [[tagnumber 6]]HEMP[[tagnumber 7]] literally crawling, recording dismal daily percentile movements and it is quite interesting how the company stock has managed to keep a market value of around $20 million, especially considering the numbers that are contained in the financial statements. Here is just a quick example of the contents of the company’s Q2 report.[[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]]This, however, isn’t the only red flag. Let’s not forget that [[tagnumber 6]]HEMP[[tagnumber 7]] has the habit of paying promoters to pump the company stock, which is not in the best of practices. The most recent email that was paid for by the company came on Sunday, but failed to do much.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]Meanwhile, the non–stop fluff PR coming from [[tagnumber 6]]HEMP[[tagnumber 7]] HQ has finally paid off. Yesterday we saw the ticker gain 21.15% in value and close the session with a price of $0.063. A total of 5.11 million shares changed their owners and generated $286 thousand in daily dollar volume.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]Today, however, we see some hesitation and [[tagnumber 6]]HEMP[[tagnumber 7]] might very well return to sliding. Overall, the current market cap is quite high when you consider all the red flags, so you should be sure to do your due diligence and weigh out the risks before putting any money on the line.[[tagnumber 2]]