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Hop-on Announces It Has Initiated the Process to Become Current With Its Reporting

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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.

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 69%. In the last 10 trading days, they have shorted over a billion shares. For more information on the short position: https://www.otcshortreport.com/company/HPNN.”

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 

www.Hop-on.com

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.


FAQ

What financial documents did Hop-on, Inc. file on March 12, 2021?

Hop-on, Inc. filed the required documentation of the last two years' financial statements and an updated disclosure statement.

How much of Hop-on, Inc.'s stock volume was shorted recently?

Market makers shorted over 69% of Hop-on, Inc.'s stock volume traded yesterday, totaling 97,843,827 shares.

What is DigitalAge.com being developed by Hop-on, Inc.?

DigitalAge.com is a decentralized social media platform focused on data portability and free speech, with patent pending rights for content protection.

How many shares of Hop-on, Inc. have been shorted in the last 10 trading days?

Over a billion shares of Hop-on, Inc. have been shorted in the last 10 trading days.

HOP-ON INC

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5.23M
7.47B
Communication Equipment
Technology
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United States of America
Temecula