{"id":3964,"date":"2014-02-21T21:13:12","date_gmt":"2014-02-21T21:13:12","guid":{"rendered":"\/?p=3964"},"modified":"2014-02-21T21:13:16","modified_gmt":"2014-02-21T21:13:16","slug":"hop-on-inc-otcmktshpnn-blasts-off","status":"publish","type":"post","link":"\/articles\/hop-on-inc-otcmktshpnn-blasts-off\/","title":{"rendered":"Hop-on, Inc. (OTCMKTS:HPNN) Blasts Off"},"content":{"rendered":"

\"2HPNN_chart.png\"Hop-on, Inc. (OTCMKTS:HPNN<\/a>) was one of those stocks that was sliding down the bottom of the charts, priced at $0.0001 and moving nowhere for a long time. Recently however, there is quite a lot of interest in the ticker, generated by some pretty optimistic news. <\/p>\n

The first sign of waking up was earlier this month when more and more shares began trading after a long period of absolutely no action. The price began to make upward movements in the middle of last week, which is not unusual for a stock priced at $0.0001 which seems to have began attracting attention as the volumes suggested.<\/p>\n

By Wednesday this week the company stock had gained 300%, but the volumes were still not enough to produce big trade value. This was until yesterday, when the company announced that it has signed a patent agreement with Microsoft Corporation (NASDAQ:MSFT) for Android and Chrome devices.<\/p>\n

The details of the agreement are confidential, but that doesn’t matter when you mention a deal with such a big company. This was the exact reason behind yesterday’s huge 400% jump, which led HPNN<\/a> to close at $0.0015 while the shares that were traded generated some $4.9 million in dollar volume.<\/p>\n

The company also seems to be able to benefit from the medical marijuana hype as they have released cannabis sativa and cannabis indica transdermal patches through its subsidiary Re-Medical.<\/p>\n

Still, the financial situation of HPNN<\/a> is not exactly rosy, as we can see from their annual report covering the period ended December 31, 2013.<\/p>\n

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