Hemp Inc. (OTCMKTS:HEMP) Takes a Breather From The Crash

Hemp Inc. (OTCMKTS:HEMP) fell with the rest of the sector when it became obvious that the Grand Old Party are in charge of both the house and the senate now. As with almost all companies in the pot stock sector, HEMP‘s crash was terrible to behold, but at least it didn’t last long – the ticker started Friday in the red, but managed to recover and even turn green by the end of the session. But is this really the end of its tumble?

At this point in time it is difficult to give a definitive answer to that question. Simply put – there are just too many developments that could influence the market in its current state of extreme volatility. Furthermore, commitment to HEMP stock in the next few days would have to be done on hype and hope alone, as due diligence on the company is currently next to impossible. Why?

HEMP‘s latest financial report – the one with the creative accounting, the non-cash revenues and the equity compensations – covered the period ended Jun 30, 2014. That was a long time ago, so it can’t really give investors a good idea of what’s currently going on in the company.

The due date for the report that is to cover Q3 of 2014 is just a couple of days away, however seeing as how HEMP has filed every financial report since early 2013 late, investors would probably have to wait a bit more to do some serious due diligence on the company.

As we have stressed before, due diligence is extremely important with the marijuana stock market being as volatile as it is. So unless investors plan on playing marijuana volatility extremely opportunistically, it would probably be prudent to wait for that report to hit the web before committing to HEMP stock.