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Let's see what sort of a paint job they manage to do at end of year.
It'll be Jailhouse Rock for Adi and his crew.
It's a bye bye.
It looks like your party is over Wolfie, in fact it never really got started.
RMHB's most recent release makes for grim reading. You and your blinkered buddies have never addressed it and pretending it doesn't exist won't make it go away.
"We manage liquidity risk by reviewing, on an ongoing basis, our sources of liquidity and capital requirements. The Company has cash on hand of $73,979 at June 30, 2021. Although the Company intends to raise additional debt or equity capital, the Company expects to continue to incur significant losses from operations and have negative cash flows from operating activities for the near-term. These losses could be significant as product and service sales ramp up along with continuing expenses related to compensation, professional fees, development and regulatory are incurred.
The Company has incurred significant losses since its inception and has not demonstrated an ability to generate sufficient revenues from the sales of its products and services to achieve profitable operations. There can be no assurance that profitable operations will ever be achieved, or if achieved, could be sustained on a continuing basis. In making this assessment we performed a comprehensive analysis of our current circumstances including: our financial position, our cash flows and cash usage forecasts for the twelve months ended June 30, 2022, and our current capital structure including equity-based instruments and our obligations and debts."
As incorrect and useless as the uncorrected O/S figure is above.
This is how the ducks are lining up and the wheels are in motion ......
"We manage liquidity risk by reviewing, on an ongoing basis, our sources of liquidity and capital requirements. The Company has cash on hand of $73,979 at June 30, 2021. Although the Company intends to raise additional debt or equity capital, the Company expects to continue to incur significant losses from operations and have negative cash flows from operating activities for the near-term. These losses could be significant as product and service sales ramp up along with continuing expenses related to compensation, professional fees, development and regulatory are incurred.
The Company has incurred significant losses since its inception and has not demonstrated an ability to generate sufficient revenues from the sales of its products and services to achieve profitable operations. There can be no assurance that profitable operations will ever be achieved, or if achieved, could be sustained on a continuing basis. In making this assessment we performed a comprehensive analysis of our current circumstances including: our financial position, our cash flows and cash usage forecasts for the twelve months ended June 30, 2022, and our current capital structure including equity-based instruments and our obligations and debts."
Annual Report For the Period Ending: December 31, 2020 and 2019
https://www.otcmarkets.com/otcapi/company/financial-report/314422/content
Unaudited results for the Three Months Ended 30 June 2021
Sales - net $74,161
Cost of sales $159,838
General and administration expenses $631,727
Loss from operations ($717,404)
As reflected in the accompanying consolidated financial statements, for the six months ended June 30, 2021, the Company had:
Net loss of $1,373,116; and
Net cash used in operations was $169,660
Additionally, at June 30, 2021, the Company had:
Accumulated deficit of $48,966,076
Stockholders’ deficit of $2,062,530; and
Working capital deficit of $4,405,670
We manage liquidity risk by reviewing, on an ongoing basis, our sources of liquidity and capital requirements. The Company has cash on hand of $73,979 at June 30, 2021. Although the Company intends to raise additional debt or equity capital, the Company expects to continue to incur significant losses from operations and have negative cash flows from operating activities for the near-term. These losses could be significant as product and service sales ramp up along with continuing expenses related to compensation, professional fees, development and regulatory are incurred.
The Company has incurred significant losses since its inception and has not demonstrated an ability to generate sufficient revenues from the sales of its products and services to achieve profitable operations. There can be no assurance that profitable operations will ever be achieved, or if achieved, could be sustained on a continuing basis. In making this assessment we performed a comprehensive analysis of our current circumstances including: our financial position, our cash flows and cash usage forecasts for the twelve months ended June 30, 2022, and our current capital structure including equity-based instruments and our obligations and debts.
https://www.otcmarkets.com/otcapi/company/financial-report/314425/content
Outstanding Shares are now 347,906,449 which is up 36 million from the previously reported 311,906,449
The O/S immediately following the reverse split was approximately 95 million
Don't demean VagueAssAndre. He saw himself as a magnificent lone wolf, not a squawking parrot.
ronnie's psychic powers have let him down. He confidently forecast this was going to be the year RMHB was well on the road to beverage greatness. What a disaster instead.
For some unexplained reason this factual and informative post was not permitted to remain on the other board:
I presume they can still make private placements for trade services provided to the company. The position with GHS is rather murky as circumstances have and would be further changed as per the release of 11 October since the Agreement was signed. It doesn't look good. No financials to work with (not counting the one "accidental" laughable attempt) since March 2020 is hardly a plus either.
Management salaries to be paid. You can't expect this high-powered team of beverage experts to work gratis.
You won't read it on the other board, they don't want to know about it. It would spoil the regular good-news-is-coming-soon story line pitched there. Diluton? What dilution? How can there be dilution when we have such a great non-toxic financing agreement.
Up they go, Outstanding Shares increased 36 million to 347,906,449. More coming soon unless bankruptcy is first.
If a calmer energy boost is what the CBD is about then why put so much caffeine in it in the first place. There is an "exceso cafeina" warning on the can, and the guarana additive also contains caffeine. It looks like a boondoggle scheme where they bung in a lot of caffeine so they can proudly announce they have tossed in some CBD to counteract it.
Incidentally from what I can make out Rocket High's main energy source is sucrose with "exceso sucares" warning on the can and they don't make a thing of it containing some alternative (i.e is con sucre and not sin sucre as the other cans distinguish). Tut tut - I thought non-sucrose energy drinks were supposed to be the way to go.
What you need waiting for them to be bought out is plenty of patience. Patience is the key, it's like waiting forever for an oil well to be drilled into a fabulous oil field you know is there. In the meantime just think of it as being one of the living dead.
After almost 4 years shareholders still have no idea what CBD Life sales are and what the profitability is for RMHB. Just a never ending song and dance routine about how great the drinks are because a bunch of garish videos say they are. Like the commercial says "Create your own reality" because you sure don't know what the actual position is.
As you are such an expert who says he is sparing with his accolades perhaps you can explain to me what the purpose of CBD is in an energy drink.
Since the relegation to the Expert Market disaster Adi has found he suddenly has pressing matters in his personal life to deal with, and the last we heard from Vegas (aka lone wolf) he was busy watching some ducks performing a synchronised swimming routine.
Not quite yet.
Someone buys the 50 for a nickel and says keep the change.
re. the duck spotter's recent post over yonder:
The duck spotter's post was somewhat presumptuous in speaking of when they get current. And even if they get to report under the Alternative Reporting Standard, whatever they release (or "share" as the touchy-feely nitwits would have it in these woke times) could only be considered to be unverified and suspect.
The lone wolf's simplistic football barracker style isn't really suited for these chastening times. It's hard to find anything positive to say about this fiasco. Even the usual suspects on the other board have apparently thrown in the towel. Times are bad when that pickles social media videos guy is too downhearted to keep putting up his mindless garbage adverts.