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Another on-topic and factually accurate removed post:
The CBD Life Agreement expired on 3 December. The beverages line ordered to quit the premises. Faked pic, photoshopped?
A short-lived post on the other board:
It's some simple "technicality" when the Q2 fins is almost 5 months overdue! Even Alice in Wonderland would have trouble swallowing that one. Think more along the lines of crooked dealings, embezzlement, Management theft and Welch's coincidental undignified departure (supposedly to join another start up company - roflmao).
These are the SECOND accounting firm that will not sign off on the results they have been given. The problem is not with the SEC but with RMHB itself.
The 3-year Master Manufacturer Agreement with CBD Life (previously CBD Alimentos) expired on 3 December 2020.
No renewal/extension of the Agreement has been notified in accordance with full disclosure requirements by the SEC. A purported photo of a load of the drinks being shipped on 28 December not only appears to photoshopped but is also not feasible beyond the expiration of the former Agreement.
Item 1.01 Entry Into A Material Definitive Agreement
On December 4, 2017, we entered into a three-year Master Manufacturer Agreement (the “Agreement”) with CBD Alimentos SA de CV (“CBD”), a Mexican food and beverage distributor. Under the Agreement, CBD will be our exclusive distributor in Mexico of all of our energy and soft drinks with hemp seed oil and hemp seed extract. In turn, we will be CBD’s exclusive supplier of such products. For the exclusivity to remain effective through 2018, we must supply, and CBD must purchase, at least 16,000,000 cans. Volume requirements for 2019 will be negotiated. The beverages supplied to CBD will be private label products made to order for CBD, and we will cooperate on laboratory and taste-testing of each batch of beverages at the copacking facility. CBD’s initial purchase order will be at least 8,000,000 cans, with a 50% deposit on all orders to be segregated into a separate operating account established and maintained by the Company. CBD will maintain a positive cash balance in the account at all times. The Company will have full unilateral authority to disburse funds from the account to vendors, suppliers, copackers and the Company solely for the purposes of production and the Company’s margin on the sale.
There goes 2020 and still no 2nd Q results. Welch gone, the beverages line unceremoniously booted off the premises, fake picture circulating of drinks in a truck, news of large O/S increases being suppressed, funding at mercy of toxic financing . This is looking like a dumpster fire.
Take an old photo, photoshop onto it a sign showing a current date, and hey presto a shiny new shipment ready to go. Nice job ronnie.
Another one:
It's not "top quality" CBD ******, it's just CBD, and sticking it in beverages and telling the general public it is somehow good for them is a commercial con.
The FDA is not satisfied that it has been shown not have any harmful side effects.
Something about that sign doesn't look quite right to me. I think it might be photoshopped. The "sharer" (lol) of the pic is a fanatic who will stop at nothing. He has form.
A removed post caught on the other board:
You guys are just whistling in the dark to keep your courage up. It's obviously not the fault of the accountants that the Q2 (and Q3) results are so long overdue - it's clear they won't sign off on the accounts and you don't need to be a genius to work out why. Here's a clue for you: Welch unexpectedly resigned 30 June for the laughable reason (according to company stooge ronnie) to go to some new start up.
Meantime .... no beverages production, Mexico is better at producing teenybopper videos than hard sales, dilution is on the up and up, RMHB is strapped for cash.
They are "true longs" in for the "long term" who make snarky remarks about "flippers" because waiting until RMHB is as big as Monster or Celsius is a superior strategy and it's sure to happen because they were once small start ups too. So you see it's only a matter of waiting and it's inevitable RMHB is going to become a giant, should only take 3 or 4 years because the products are so good and their families and friends will spread the word, and then it's early retirement, some choice real estate, Bentleys, ocean-going yachts, the works.
Down 22% is a major breakout? Looks to me more like a major breakdown.
Another week gone and still no 2nd Q 10-K. What a shambles. It looks like there are some very serious irregularities about it to deal with.
No relevance to RMHB's CBD activities. I suggest you visit their web site to find out what they do.
No sign of Q2 and Q3 financials, Welch is on the run, an SEC Stop sign, beverages are in turmoil, acquired businesses have gone phut, hand sanitizer is co-packed private label and not RMHB branded, Mexico is mainly small volume internet, running out of cash fast, dilution reigns - and it's BOOM TIME? What a queer topsy-turvy world of attendants in white coats you must live in.
"Deja que la magia del CBD haga su efecto en todo tu cuerpo."
(Let the magic of CBD have effect all through your body.)
What a bunch of baloney. There is absolutely no evidence to support this deceitful advertising.
Scammy company trying to sell quack product through false advertising.
One from the other board especially for andre:
There goes another week without the Q2 financials being produced. 30 June was also the date Michael Welch finished up. Does anyone see a connection here? Just another strange coincidence I expect, like Adi being able to speak from experience about the short time taken for production lines to be relocated to new premises after having been ordered to get out by the landlord.
You can obsess about the share price until the cows come home but it is pretty meaningless really. It is what it is and will be what it will be. Any fool can say he thinks the share price is about to go through the roof without having any good reason for saying so. Of more interest is the fundamentals which are the ultimate determinant of the share price, although the strain on the brain of considering and weighing them can be too difficult for the share price easy riders. In the meantime flippers who work the price fluctuations may clean up nicely and that is how the market works and should work. Cussing out flippers is ridiculous.
A skeptical post caught on the other board:
What a coincidence that you know all about how long it takes to transplant equipment because you happen to have been involved with it yourself. That is uncanny ronnie, un-can-ny.
The truth is you have no idea how long it will take to get operational again in new premises so stop with the BS. It will take months and be costly for the move proper and lost production.
One can only speculate what your 40 yrs experience in industry was. My guess is you were responsible for sourcing and distributing manure for some company in the agriculture industry.
Not just a break out but a major break out, huh? What others see as essentially directionless you see as about to leap ahead. Your ability to read the share price is very impressive.
I caught this just in time on the other board:
Thanks for your latest epic ronnie. I always marvel at how you manage to say so little in so many words. I guess that is what comes from being paid by the line or is it by the word?
Do you think this latest unpleasant surprise of them getting booted off the property will jeopardize your Christmas bonus?
It's looking like the new accountants won't play ball either.
Someone recently said on the other board he wasn't too excited about a lift from 3c to 5c because his break even price is $1.26
Soon some twit will be saying the forced relocation to new premises is actually a good thing because the present one was getting too small or some such rot.
The farce continues ...
Stop that delivery!
Rocky Mountain High Brands, Inc.
Thu, November 19, 2020, 6:00 AM PST
PLANO, Texas, Nov. 19, 2020 (GLOBE NEWSWIRE) -- Rocky Mountain High Brands, Inc. (OTCPK: RMHB) announced today that the first shipment of machinery was delivered to its co-packing subsidiary in Plano, Texas as part of the asset purchase agreement with Mogul Trading, LLC.
....................................................................
The additional acquired machinery accommodates hand sanitizer and expanding the beverage filling capabilities of Rocky Mountain Productions.
I don't think that computes. Both June and September quarterlies are well overdue so nothing of recent financials to go on plus they have continuing occupancy with their hand sanitizer bottling. But I agree there is more to this than meets the eye.
And another one:
But hey, let's look on the bright side. At least it has taken the spotlight off why the Q2 results are so long delayed.
Welch has scarpered, the Q2 is long overdue, the beverages plant is a cock up .... hmmm
Not expected to last long on the other board where damage control is in top gear:
Such great DD in not first checking that CBD was acceptable on the premises. They were so carried away by their own hoopla about how great CBD is that they couldn't conceive the landlord mightn't see it their way and object.
The time and expense of relocating the beverages plant is going to hurt and some.
Here's a JOKE. The co-packers have been sent packing.
What a stuff up. Those videos proudly showing cans (some leaky) clunking along the vaunted production line are shortly to become a memorial to more expensive incompetence by the clowns who rarely get anything right.
PLANO, Texas, Dec. 02, 2020 (GLOBE NEWSWIRE) -- Rocky Mountain High Brands, Inc. (OTCPK: RMHB) announced today that the Company has finalized a Global Settlement Agreement with Raw Pharma, LLC.
On April 30, 2020, Rocky Mountain Productions, Inc. entered into an Asset Purchase Agreement with Raw Pharma, LLC to purchase all the assets of Raw Pharma, including all machinery, equipment, and components for a total purchase price of $3,250,000. A portion of the purchase price included $500,000 non-assessable shares of Purchaser’s common stock, which stock was issued under Rule 144 of the Securities Act, to Raw Pharma at Closing, and the assumption of certain loans secured by the machinery and equipment. Raw Pharma agreed to finance the balance of the purchase price per the terms and conditions established in the Asset Purchase Agreement. Since Closing, a total of $255,000 has been paid to Raw Pharma, leaving an unpaid balance of $2,495,000.
The Asset Purchase Agreement provided for Raw Pharma to assign its sublease agreement to Rocky Mountain Productions but unfortunately, and through no fault of either party, the landlord refused to consent to such assignment due to co-packing of CBD beverages on its leased premises even though Raw Pharma co-packed CBD beverages for almost a year at this location. This uncertainty, together with other issues relating with and to the Asset Purchase Agreement, resulted in Raw Pharma having to renegotiate the Asset Purchase Agreement.
As a result of the renegotiated settlement agreement, the purchase price under the Asset Purchase Agreement, and thus the overall balance owed to Raw Pharma, was reduced by approximately $1,270,000. The Asset Purchase Agreement was amended, and supplemented as follows:
Rocky Mountain Productions shall endeavor to make all reasonable and diligent efforts to pay off and/or refinance all of the Chase Bank loan balances in the amount of $954,515; Rocky Mountain Productions shall pay Raw Pharma $100,000, with monthly payments of $15,000 commencing June 1, 2021 until paid off; 4,700,000 shares of Rule 144 stock to be issued to Raw Pharma which had a value of $170,000 as of October 29, 2020. Rocky Mountain Productions is currently negotiating a lease agreement with another landlord and anticipates starting the relocation process of its beverage line soon. Rocky Mountain Productions continues to co-pack hand sanitizer at the current facility.
Say someone (not me) bought 20,000 shares pre-reverse split at 10c for $2000. Post split he has 1000 shares selling at 4c currently worth $40. I doubt he sees any humor in that. The same touts who pushed the stock to induce novices and newbies into it are still hard at it shamelessly representing themselves to be knowledgeable investors whose opinions are so expert they cannot be challenged or contradicted. For those who know what their poisonous game is it's quite sickening.
An interesting post that had a short life on the other board:
"EXCITING NEWS!
An anonymous employee of RMHB has passed on the info that the Q2 report is likely to be released "within the next few weeks" and hopefully before Christmas. My informant also said mind blowing revenues are coming down the pike and the flippers and shorters who are holding the share price down are in for a hiding. There will be more than enough cash to buy back stock (the large ongoing dilution isn't really a problem) and probably to pay a dividend soon. Puerto Rico negotiations are proceeding well and the hemp growing and supply chain to be set up there will be a terrific money spinner.
The deep throat is right on top of things and I want to share his positivity with the board, particularly for any waverers and weak hands. God Bless him for putting us in the picture."
Speaking of the other board:
Some exciting news for y'all - the Q2 report is due out any week now.
Meantime keep drinking plenty of Eagle Spirit water because Adi says it will combat the coronavirus.
The link was copied from the other board where they seize on everything they can - however remotely connected it be - to advance their RMHB dreams and hallucinations.
It's a long leap from a study of toxicity in worms to the dubious claim of a medical benefit by a human on the internet. There is no shortage of anecdotes of an extraordinarily wide range of supposed cures by CBD of medical conditions as well as promoting general "healthfulness" and "wellness", all unsupported by credible scientific studies.
It's also a long leap from CBD decreasing the frequency and intensity of epileptic fits to a lotion for an unnamed skin condition.
Have you tried acupuncture or bear bile or rhinoceros horn powder? - they might have worked as well.
The study gives the game away by making a big thing of the worms sharing 60-80% of their genes with humans. SO WHAT? Even bananas share some genes.
What is next with CBD testing results? Grasshoppers jump higher, blowflies buzz louder, fleas are more relaxed?
False. No increase in the share count has been announced today.
Not likely to last on the other board:
Still no Q2 report. What a fiasco. There is more to it than coronavirus and tardy auditors. Something is very wrong here and Welch's odd departure is a part of it.
Someone tell Mohammad Rameel Sheikh it's first the thrills then the spills.
The new equipment all relates to bottling. There is no increase in canning capacity.
The share market is not impressed.
More apostrophes are needed:
Four post's all of Monday, which should be a big "posting" day speak's volume's about this stock.
If they can't get what should be the simple task of the 2nd Q results done then God only knows what sort of a state the rest of RMHB is in. They only recently had a soothing 8 page PR but now the "true longs" are clamouring for another one (delayed for a variety of unconvincing reasons including need for other parties to sign off, legal requirements etc.). Meantime flippers are holding the pps back according to the fount of all wisdom and knowledge. It's pure soap opera.