Rocky Mountain High Brands Inc (RMHB)

[bjd1000]

Mr. Welsh response regarding dilution, and friar Tuck, on FB Rocky mountain High Fan Club - fyi - from yesterday, now taken down.


Michael Welch:
"Let me clarify a couple of things. The inventory in the video posted yesterday is not the Company's inventory. We store inventory in paid warehouse locations. Secondly, as for the press release today, the Company had to increase the authorized shares to close on the financing that we are currently working on. The last increase was not sufficient to cover the Company's capital needs so we had to increase again. The majority of the first round of this financing would be to carry out the plans we laid out in our Investor conference call on 8/24. We also have had an opportunity present itself to pursue an acquisition that would be made with stock for a profitable privately held company with existing revenue. If we are successful, it would create more shareholder value. That's all I can disclose at the current time. As more develops, we will share through press releases and other means."