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Pete has updated his take on the June Quarter results:
Some significant results from the amended 2024 June Quarter (unaudited):
https://www.otcmarkets.com/otcapi/company/fin...29/content
Sales $466,041 (March Quarter $659,820)
Cost of sales $94,024
Gross Profit/Loss $372,017
General and administrative expenses $525,500
Gain/(loss) from operations ($153,483)
Cash on hand Nil (with no cash equivalents)
Accounts receivable - net $372,204
Accounts payable and accrued expenses $3,196,661
"RMP is targeting revenue of over $1,300,000 per month by May or June 2024." Huh? Management is apparently asleep at the wheel as they haven't removed this earlier (hopelessly failed) prediction from the June Quarterly.
See p.26 for other instances where statements are made referring to activities well prior to the June Quarter. It seems that while the numbers have been appropriately changed the text has not been properly reviewed and updated before release. Such sloppiness is hardly indicative of a well run Company.
At June 30 there were no finished goods in Inventory.
For the six months ended June 30 2024 the Company had a Net loss from operations of $351,141
"Management’s strategic plans include the following:
• Pursuing additional capital raising opportunities (debt or equity)"
With 3 billion Authorized Shares (Outstanding Shares 899,466,003) more dilution can be anticipated?
They are still pursuing Jerry Grisaffi for the legal judgement against him but he doesn't seem too keen on paying up.
He won't be there for long. Adi is hushing up the June Quarter facts. It's shocking really that the relevant and important information is being deleted while downright lies are allowed to run. I suspect Pete will keep posting his summary and their deletions will just illustrate what a slimy bunch of creeps are in control of the board.
Management has in the past nominated that board as its go to board for information and there are some obvious company stooges running it. What a sick joke it is! What an advertisement for a public company to refer to an outlet peopled by crooks and liars!
Y-Pete back-up on the other board….he’s on the clock.
From the other board:
Trying to cover up the poor June Quarter results won't work you pathetic sleazy moderators. The market KNOWS.
Poor Y-Pete’s forensic diligence in dissecting elusive financials seems to get him only a few seconds on the other board. Maybe if the mods focused their efforts on the product, and the financials, then MAYBE……well, maybe not!
Some significant results from the amended June Quarter:
https://www.otcmarkets.com/otcapi/company/financial-report/410229/content
Sales $466,041 (March Quarter $659,820)
Cost of sales $94,024
Gross Profit/Loss $372,017
General and administrative expenses $525,500
Gain/(loss) from operations ($153,483)
Cash on hand Nil
Accounts receivable - net $372,204
Accounts payable and accrued expenses $3,196,661
The amended June Quarter report (the previous one was a draft)
https://www.otcmarkets.com/otcapi/company/financial-report/410229/content
The numbers are the same.
For the six months ended June 30 2024 the Company had Net Loss from operations of $351,141
"The Company had no cash on hand on June 30, 2024 (and there were no cash equivalents). Although the Company intends to raise additional debt or equity capital, the Company expects to generate cash flows from operations and ramp up production for new and existing customers in 2024. The anticipated losses in 2024 are expected to be less than those in 2023 as production and revenue ramp up along with major reductions in expenses related to compensation, professional fees, development and regulatory fees." It looks like more dilution is coming.
"RMP is targeting revenue of over $1,300,000 per month by May or June 2024." Huh? Management is so asleep at the wheel they haven't removed this earlier (hopelessly failed) prediction from the June Quarterly.
At June 30 there were no finished goods in Inventory.
They are still pursuing Jerry Grisaffi for the legal judgement against him but he doesn't seem too keen on paying up.
Some significant results from the June Quarter:
Sales $466,041 (March Quarter $659,820)
Cost of sales $94,024
Gross Profit/Loss $372,017
General and administrative expenses $525,500
Gain/(loss) from operations ($153,483)
Cash on hand Nil
Accounts receivable - net $372,204
Accounts payable and accrued expenses $3,196,661
June Quarter financials
https://www.otcmarkets.com/otcapi/company/financial-report/410183/content
Why put CBD in widely consumed drinks? What purpose does it serve?
From the other board:
Thank you for your inspiring words vegasandre. They fill in well until the longed-for return of sadly missed adirondickhi.
Summer is the season to guzzle all the delicious RMHB drinks you can because they are less appealing in the colder months. Also take the CBD infused pooch for lots of walks in the park and watch the ducks in the pond for any signs of them lining up. I know there are some who will say screw the pooch and f*** the ducks but I am ignoring the bashers/shorters/naysayers and addressing only the true blue RMHB aficionados who would follow our gallant little company to the ends of the world and even over the edge.
From the other board:
Are you still here with us Adi? Some of the faithful are getting a bit concerned about your absence. If you are still lurking around could you give some indication of when RMHB will get to be the World Class company you have predicted it will become. The pace is rather slow at the moment and at this rate it seems like it could take forever.
From the other board:
Each day that passes means it's one day closer billybob, be it on time or late (as usual). When the now becomes the future time and the new present we will have unburdened ourselves of the past time as Kamala profoundly points out.
Affirmative on that.
He may not be posting, but I'll bet he is still pushing the delete button!
I kinda thought they were leaderless when he was there!
It's not a good sign if he has done a bunk, the sheep are left leaderless.
Adi hasn't posted on the other board for nearly two months! Could it be that the head cheerleader and chief story teller has abandoned ship?
From the other board:
The latest article provided by cute1265 says applying CBD cream to your buttocks might be worth trying if you are worried about UV damage from sunlight.
Also your pooch might benefit from some CBD if it has a skin disease problem (with the reassurance that it won't become inebriated).
From the other board:
More Board members? Dean Blythe has gone. Thomas Fitzgerald is new. No change otherwise.
The responsibilities of the new Development Manager appear to be streamlining the Company structure "under one umbrella". (But surely the leaking roof in the new plant has been mended by now?)
From the other board:
I think Paul Knopick our Investor Relations man should fly to Montreal and demand to know from the bank what they mean by saying RMHB is not treating the shareholders fairly. They should either put up or shut up and Paul oughtn't leave before he finds out why. Maybe warn them there are grounds for defamation and reputational damage too. The bank could rue the day it badmouthed such a fine, upstanding company as our RMHB.
From the other board:
Hey patches, I doubt the bank would want a lousy 73,000 RMHB shares you might try to gift them. They would just clutter up their books and they are happy milking the $100 a year off of you.
If I were you I'd write a stern letter to Dallas telling them to get their act together because they are costing you money. Hope this helps.
From the other board:
The trifecta of unaudited financials, a news blackout and wary brokers is not a good look.
It's surprising that this comment has not been deleted on the other board: "They said I can't sell the stock because the company is not being transparent with shareholders." The mods must be asleep.
From the other board:
There's no cause for any alarm Corvette. 117,370 shares are a drop in the ocean when you consider the total Outstanding Shares are 899,466,003
Low volumes are the order of the day. Occasional small lifts in the volume by optimistic individuals are pretty meaningless. The volume watchers are having lean time of it. Maybe better times are ahead if only those damn ducks would line up.
From the other board:
I find it astonishing that a financial message board can be so openly and brazenly dishonest as this one is.
volume is spotty
try to keep calm
June Quarter results should be considerably better than the March Quarter and some increase in the pps is reasonably expected (but still a long long way to go to your $5). And meantime the Outstanding Shares count is on the up and up. Volumes in the hundreds of thousands are small beer in the O/S ocean of 900 million. Oh sorry, we shouldn't mention the bloated capital structure, it's too embarrassing.
someone is nervous here.. and it isn't me.
the larger than usual volume increase is telling.
From the other board:
Noticed that First quarter 2024 results were all positive compared to 2023
Sales, profit, operating expenses, and net loss all showed great improvement.
A barefaced lie.
March Quarter 2023: Sales $2,466,714
March Quarter 2024: Sales $659,820
From the other board:
I'm with you guys, we deserve to see a $1 for all our hard work of watching the price being in the toilet for years. A 1 for 1000 reverse split would lose the penny dreadful tag and see them nicely above a dollar.
From the other board:
Not far off a billion now - shares that is, not market cap. When do the buy backs start Ronnie?
Outstanding Shares up 33 million to 899,466,003
From the other board:
Joe Biden has a dazed expression and he walks like he's a zombie . His minders should hit him up with some CBD to get him moving. If anything can fix him CBD will do it. No wellness job is too big for CBD.
From the other board:
Joe Biden walks like he's a zombie. His minders should hit him up with some CBD to get him moving.
From the other board:
My dog Florence was depressed and listless but after infusing her food with CBD she is now very active and happy. The change is amazing. She now loves fetching sticks and chasing kids on scooters. When riding in my car she is all agog at the passing scenery. I can thoroughly recommend CBD for perking up tired, miserable dogs and giving them a new sense of purpose in life.
Thank you Oil, that I am. As far as my previous comparison of the speculative euphoria of the CBD industry and the forgotten hype of the emu craze of the past, if a run-amok emu crosses my path I just call Doug over at Liberty Mutual Insurance.
Glad to know you are sleeping well and are not troubled by nightmares of flocks of giant emus running amok.
From the other board:
Re. cute1265's latest:
"Participants in the study were split into either a CBD or control group. Those in the CBD group received 300 milligrams of CBD per day at first, which increased over time to 600 mg per day and was later reduced to 150 mg per day toward the end of the study period. Those in the control group received a placebo."
RMHB’s HEMPd beverages are infused with 20mg of hemp extract. Assuming the "hemp extract" to be CBD (acknowledged as such by certain authorities on this board), to achieve 300 milligrams per day would mean firstly consuming 15 cans of HEMPd a day, subsequently increased to 30 cans a day. Then at Week 12 "the drug was tapered to 150 mg/day" i.e 7.5 cans a day in HEMPd equivalent terms.
But wait, the tincture bottle illustration at the beginning of the article indicates the CBD in the study was provided in concentrated oil form and CBD enthusiasts will be relieved to know they will not need to drink enormous amounts of HEMPd beverages to overcome their anxiety (likely brought on by worrying about RMHB's share price) and to sleep better. Even auto-riding dogs will appreciate the CBD simply being slipped into their chow ("a separate study earlier this year found that dogs receiving daily doses of CBD saw “significant reductions” in stress and anxiety related to car travel").
So the article is really something of a plus for CBD administered as a special purpose drug but does nothing for RMHB's attempting to kid the general public they should pay good money for dilute amounts of CBD in beverages which (a) has not been demonstrated to have any useful effects in such small amounts and (b) they are generally not poor sleepers and not anxiety-ridden anyway.
Incidentally, the other oft-claimed benefit of CBD - pain relief - is not a part of the study and might be more on point than the somewhat wishy-washy bad feelings.
https://www.marijuanamoment.net/cbd-is-effective-in-treating-anxiety-depression-and-poor-sleep-study-finds/
Thanks Oil and ‘nuts, I am not anxious, nor depressed, and I am sleeping just fine without CBD as I await the alarm from this world class company. Sorry cutie.
Too funny! I'm still waiting for RMHB to stop being a start-up!
Wake me when we become a world class company.
From the other board:
A possible future for CBD is not addressed at all. There is no comment in the report on prospective government legislation freeing up regulation of CBD. There is no prediction that the Company will concentrate on producing CBD infused drinks when the time is right. The report does not say anything about "legacy" drinks (CHILLO anyone?) but instead "our brand drinks". It seems the pundits here know more about the Company's intentions than it does itself.
Even if CBD were to be unregulated it is questionable whether sticking it in drinks for indiscriminate consumption would be a particularly attractive way to deploy it since those who wished to experience its benefits (real or imagined) would be more likely to consume it in a less bulky form i.e. in a more concentrated way such as capsules or oil. The "wellness" schtick would take a lot of swallowing.
Naturally "our brand drinks" would be expected to be more profitable than private label products but CBD wouldn't necessarily be the lucrative pathway that the woolly-minded believe.
adirondickhi doesn't want a summary of the pertinent results posted on his board. That's how disappointing they are.