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Let's see: 500,000 pre-reverse split shares after the 1:20 split shrink to 25,000 which at current 2c are worth $500. That is still well in excess of the value of the stooge services performed so it might be advisable to cash them in and scarper while there is still time.
The Authorized Shares count will continue to rise. It's now 252,899,700 after the 1:20 reverse split to 95 million. OUCH!
It is curious that a shots (i.e. liquid) bottling line could be converted to gel production by virtually a wave of the hand. Maybe we'll see these guys on Penn and Teller one day soon.
In any case the bulk of the hand sanitizer is evidently planned to come from new equipment costing $500K so that at this time it is only talk. It sounds a bit like another opportunistic light bulb moment like the talk of setting up in Puerto Rico with government funding on offer after the hurricane devastation.
Their whole canning/bottling adventure is built on financial quicksand. I agree they might have more credibility if they stuck to the beverages business which is supposedly their stock in trade. They have quite enough trouble making a go of that. If substantial revenue doesn't start coming in soon then they are cats meat (or drown in dilution if they can find someone foolhardy enough to give them a life line).
Mr Seeberger has made an impressive start. He has worked out the three requirements for the hand sanitizer business are some bottles and caps, some hand sanitizer gel and to put the gel in the bottles and seal them with the caps. He should really add a forth one which is to find some people to buy the gel in the bottles with the caps on.
We are off to a flying start here.
Mention of the overnight increase of the Outstanding Shares to 252,899,700 is forbidden on the other board. You will not see the word dilution there unless you are very quick. The dopes don't seem to understand their feeble attempts at hushing up inconvenient facts only shows what a dishonest board they run.
That was the reverse split that wasn't going to happen according to the resident expert (company stooge) on the other board.
It sounds too good to be true. It probably isn't. It would be interesting to know why the vets sold in such a drawn out, staged process rather than for outright cash for such an attractive "money printing press" (so described by one of the wide-eyed faithful on the other board).
The share market isn't exactly overwhelmed.
The Puerto Rico government was never going to hand over good money to this bunch of would-be carpet baggers.
I had a good laugh at that sanitizer one too. RMHB is always too late to catch the latest boom-time wave. It seems every second little sidelined boutique alcohol drinks and home brew garage producer is talking about converting to making sanitizer product.
This has been their problem all along, jack of all trades and master of none. I'm starting to lose track of all their own stuff and the private labels. They have never demonstrated they can make a success of one single line.
The vets have probably been quietly celebrating they have been able to unload their apparently unprofitable little bottling plant onto a mark with delusions of commercial grandeur.
A response made to #63141 on th other board:
You forgot to mention the devastating 1:20 reverse split with subsequent price decline and the fact they have never turned a profit. All the new ideas you are so proud of have led nowhere of note. The CHILLO energy drink (origin Austria not Scandinavia) that regaled us for a time finally disappeared without even a whimper.
Total price of the plant of approx. $2.2 million (inc. shares at present market valuation) is quite modest and indicates a low volume capacity. So that would be a good solution for RMHB which only requires a low throughput plant capacity.
Now they only have to learn to operate it efficiently and try to meet the staged payments (and pay off the inherited bank debt) that are breathing down their neck. The guy learning to tie his shoelaces at bottom right of the Raw Pharma page is nicely symbolic.
HEMPd beverages come in cans and I didn't know that hand sanitizer comes in anything but bottles (real bottles). What sort of a "bottling" plant is this?
The 27,000,000 new shares are only the start. They don't have cash reserves and are walking a financial tightrope if sales don't live up to their hopes.
No excrement Sherlock! I did say the inputs used are pretty wild, but the point of the exercise is that the scale of the internet sales is not as hugely exciting as some seem to think.
Another 27,000,000 dilution on the way.
From the other board:
#13546 orders to date from RMHB website shop
Say 80% of orders are HEMPd drinks, 10,837 orders
Say drinks orders average 2 cases of 12 cans a case
equals 24 cans an order
say profit margin of 50c a can
equals $12 profit per order
equals $130,044 profit on drinks component
Say balance of 20% of the #13546 orders is for gummies etc.
equals 2709 orders
say profit margin of $20 per order
equals $54,180 profit on gummies et.
Equals total profit of $184,224 on #13546 orders (not accounting the costs and losses in RMHB which greatly exceed that amount)
The inputs I have used are pretty wild but the result is rather more interesting than the oohs and aahs and excited gasps at increasing order numbers this board specialises in.
From the other board:
little lou is apparently infected by the dangerous Rocky Mountain euphoriavirus. The best way to deal with it is to add a few drops of a strong disinfectant to her Eagle Spirit water which itself is well known on this board for warding off contagious diseases.
With all the oft-quoted advice on the other board on successful investing made by the Sage of Omaha, now that he his selling airline stock maybe it's time for the Sage of the Adirondacks to sell out of this one. Many of the naive rely on his investment genius to give them a lead.
From the other board:
I thought the point of California Te Negro was Mexicans are supposed to love black tea. Now it turns out they want milk and sweetener in it, and not ordinary milk and sugar but coconut milk and honey. Why not dump some chilli powder in it as well and make a real job of it?
From the other board:
Now it's all covid-19's fault. You guys are a hoot with your endless excuses. Just look at the chart and see how the share price performed before there was any covid-19
CBD Life had many months to organise getting the beverages into big stores in Mexico (remember the Great Launch?) and the best that's been managed is a couple of internet points of sale (and we all know how soft they are).
Someone on the other board asked what happened to Univision. Good question.
It was touted it was going to be aired at the time of the big launch. That it got bumped off by coronavirus stories is not very credible.
Still waiting for Malcolm's drilling to start at Bellevue.
From the other board:
Posting (twice!) some batty "wisdom" voiced by a fictional character in a science fiction movie as if it is deep and profound and has some bearing on the comically ineffective efforts of a two bit company run by liars and rogues just shows how out of touch with reality many of the RMHB blinkered faithful are.
The difference between fact and fiction never did matter much here.
This entirely reasonable and informative response to #62956 on the other board was summarily removed:
RMHB gets a small flat rate return and doesn't participate in the point of sale price. Volumes would need to be in the many millions for them to benefit in a meaningful way. Don't hold your breath waiting for Mexico to be a gold mine.
From the other board:
Has anyone here noticed how the share price has performed since the launch? It's almost like the stock market thinks Mexico and the East Coast aren't worth bothering about. Or maybe it's the thought of the coming dilution wipe out that has investors heading for the exit. It's a shame really that so much aggressive pumping here has been for nought. Mods on the job 24/7 and adi composing his florid epistles and blasting anyone who is out of step has all been just wasted effort.
You don't seem to be understand that marijuana (THC) can be present as infusion in drinks and that those links you have given concern marijuana and not CBD. RMHB and CBD Life maintain they have specific authorisation from COFEPRIS for the CBD beverages that contain next to nil THC. You are hung up on the "infused drinks" for no good reason. It's all been gone through previously. You conceded in an earlier post that you had misinterpreted what was meant by "infused drinks" in the draft legislation, but like Proverbs 26:11 you are back at it again.
From the other board:
I hope they have another launch if they get into a bricks-and-mortar store in Mexico as it would be such an exciting event. The last launch when the drinks made it to internet sales was great fun even though the share market was such a wet blanket about it, but then what would it know? (we have our own experts here who are much better at calling it). All those wild psychedelic 4:20 promos on Facebook and Instagram were a good tonic to relieve the gloom and another round of them would do a lot to lift sagging shareholders' spirits even if only short-lived. Maybe eke it out this time with pics of eager customers lined up for blocks waiting to get into the store to buy the Rocket and California (they could be photo shopped in). Pics of Michael, Jens, David and Dean dancing on top of the pyramids at Teotihuacan and waving cans in the air would also make for good publicity shots and show how far Mexico has come since the days of sombreros, ponchos and burros. It would be a win-win for RMHB and Mexico.
From the other board:
To those benighted individuals who think censorship is somehow helping them:
Motive is not relevant because it's the message that counts not the messenger. Fair enough for messages to be deleted that have no real content and are only intended to be a nuisance but many, many well-based factual messages are deleted here by despicable manipulative mods who have no interest in the truth. The cant about "bashers" is simply a screen to advance their self-serving agenda and constant propagandizing. Serious investors are being short-changed and dudded by this restriction of free and open discussion. No sane and mature investor would think it somehow represents a positive for them.
The censorship achieves nothing in the long run because the market rules in the end and not some cowardly, corrupt moderators.
A response to #62874 on the other board:
Volatility is not the reason for the present abysmal price. The way has been down down down for a long time. The price is the market's judgement.
The new team (actually consultants) have nothing to do with the Mexican schmozzle. They are supposedly going to ginger up the non-Mexican stuff.
If Mexican sales take off everywhere then the Mexican sales will have taken off everywhere. If my auntie had balls she would be my uncle.
Whatever an exit clause is and might have to do with anything the 5c a can to RMHB (calculable as such from the volume/revenue figures given) is the only one that has been thrown in for the CBD Life deal.
The March Quarter will give more recent information on sales than the 2019 Annual will. The result will not be pretty.
The criminally irresponsible claim made on the other board that Eagle Spirit water will ward off coronavirus has now been outdone by the crazy claim that injecting disinfectant will cure it.
Authorities around the world are alert to false and unjustified claims being made that some commercial food/beverage products will block or ward off or cure coronavirus.
Anyone making statements like the one made on the other board should be extremely careful.
There is no shortage of financially interested charlatans operating in the health field and that includes the purveyors of the "wellness" products that RMHB promotes.
A MESSAGE FROM THE QUEEN
To the citizens of the United States of America from Her Sovereign Majesty Queen Elizabeth II.
In light of your failure to nominate competent candidates for President of the USA, and thus to govern yourselves, we hereby give notice of the revocation of your independence, effective immediately.
Her Sovereign Majesty Queen Elizabeth II will resume monarchical duties over all states, commonwealths, and territories (except Utah, which she does not fancy).
Our new Prime Minister, Boris Johnson, will appoint a Governor for America without the need for further elections. Congress and the Senate will be disbanded. A questionnaire may be circulated next year to determine whether any of you noticed.
To aid in the transition to a British Crown dependency, the following rules are introduced with immediate effect:
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1. The letter 'U' will be reinstated in words such as 'colour,' 'favour,' 'labour' and 'neighbour.' Likewise, you will learn to spell 'doughnut' without skipping half the letters, and the suffix '-ize' will be replaced by the suffix '-ise.' Generally, you will be expected to raise your vocabulary to acceptable levels. (look up 'vocabulary').
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2. Using the same twenty-seven words interspersed with filler noises such as 'like' and 'you know' is an unacceptable and inefficient form of communication. There is no such thing as U.S. English. We will let Microsoft know on your behalf. The Microsoft spell-checker will be adjusted to take into account the reinstated letter 'u' and the elimination of '-ize.'
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3. July 4th will no longer be celebrated as a holiday.
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4. You will learn to resolve personal issues without using guns, lawyers, or therapists. The fact that you need so many lawyers and therapists shows that you're not quite ready to be independent. Guns should only be used for shooting grouse. If you can't sort things out without suing someone or speaking to a therapist, then you're not ready to shoot grouse.
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5. Therefore, you will no longer be allowed to own or carry anything more dangerous than a vegetable peeler. Although a permit will be required if you wish to carry a vegetable peeler in public.
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6. All intersections will be replaced with roundabouts, and you will start driving on the left side with immediate effect. At the same time, you will go metric with immediate effect and without the benefit of conversion tables. Both roundabouts and metrication will help you understand the British sense of humour.
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7. The former USA will adopt UK prices on petrol (which you have been calling gasoline) of roughly $10/US gallon. Get used to it.
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8. You will learn to make real chips. Those things you call French fries are not real chips, and those things you insist on calling potato chips are properly called crisps. Real chips are thick cut, fried in animal fat, and dressed not with catsup but with vinegar.
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9. The cold, tasteless stuff you insist on calling beer is not actually beer at all. Henceforth, only proper British Bitter will be referred to as beer, and European brews of known and accepted provenance will be referred to as Lager. South African beer is also acceptable, as they are pound for pound the greatest sporting nation on earth and it can only be due to the beer. They are also part of the British Commonwealth - see what it did for them. American brands will be referred to as Near-Frozen Gnat's Urine, so that all can be sold without risk of further confusion.
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10. Hollywood will be required occasionally to cast English actors as good guys. Hollywood will also be required to cast English actors to play English characters. Watching Andie Macdowell attempt English dialect in Four Weddings and a Funeral was an experience akin to having one's ears removed with a cheese grater.
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11. You will cease playing American football. There is only one kind of proper football; you call it soccer. Those of you brave enough will, in time, be allowed to play rugby (which has some similarities to American football, but does not involve stopping for a rest every twenty seconds or wearing full kevlar body armour like a bunch of nancies).
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12. Further, you will stop playing baseball. It is not reasonable to host an event called the World Series for a game which is not played outside of America. Since only 2.1% of you are aware there is a world beyond your borders, your error is understandable. You will learn cricket, and we will let you face the South Africans first to take the sting out of their deliveries.
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13. You must tell us who killed JFK. It's been driving us mad.
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14. An internal revenue agent (i.e. tax collector) from Her Majesty's Government will be with you shortly to ensure the acquisition of all monies due (backdated to 1776).
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15. Daily Tea Time begins promptly at 4 p.m. with proper cups, with saucers, and never mugs, with high quality biscuits (cookies) and cakes; plus strawberries (with cream) when in season.
God Save the Queen!
From the other board:
What a shame about the share price tanking after the big 4:20 launch. Wasn't it supposed to go in the other direction? The really worrying thing is adi saying the CBD Life deal is very successful and that is like putting a curse on it.
I caught this one before it disappeared:
What a bummer the 4:20 launch turned out. Only on-line sales and not a bricks and mortar retail outlet to be seen. WTF? What have CBD Life been doing all this time? They don't have their heart in this, never have. Meanwhile RMHB is hemorrhaging cash and a tsunami of dilution is on the way. The writing is on the wall. This is bad, real bad.
A response to #62784 on the other board:
You forgot to sign it for the benefit of your corporate employer
Your obedient servant,
adironnydackhi
PS Did you like the brilliant touches I added about the writing being on the wall and a pudding?
PPS I'm still not clear about the difference between its and it's but I'll get the hang of it one day
From the other board:
That was some launch, adi. Look where all the noise about 4:20 has got the share price. Here's another idea. Send a crate of Rocket on the 3:10 to Yuma and try beating that up. ROFL
You apparently now accept that the Rocket High and California cans have been filled and are in Mexico. There is certainly something odd about them not yet being available in retail outlets. Maybe it's a legality problem or perhaps they haven't (yet) been able to get big-box to carry them. I don't see why the law and COFEPRIS would allow them to be freely available on the internet but not on the street.
I know all that, my interest is if and when the CBD Life drinks make it into retail stores. Without that and considerable success achieved in real stores then they are just whiffing on the internet. Internet sales alone would never be big-time profitable.
I think Rocket High being sold in Nutrisa "tiendas" (shops/stores) in Mexico is a lot of bollocks.
I find spoken Spanish a bit difficult to understand but I thought at one point in the Janko launch video the compere (a likeable sort of a guy, maybe a DJ?) said or implied the coronavirus had disrupted plans and the big retailers would be on board when the scare is over.
The California link given leads to on-line ordering only
The Rocket High link given leads to:
- Claro on-line ordering only
- a GNC link that doesn't work
- a Nutrisa link which references "Well-Being Shops Close to You" "Find Your Closest Shop and Visit Us" "Find Us" but does not give a single street address where one can be located. Apparently it's a game of hide and seek to try to find one and then whether it sells Rocket High.
.05 cents a can profit would be very little indeed :)
From the other board:
Your disappointment at the grand launch amounting to only a couple of on-line sales points is understandable, after all great things had been expected for the much touted 4:20 launch and the outcome was well less than a socks-knocking-off event. However, your standard response of ripping into the skeptics ("bashers") who have been proven right once again serves no useful purpose apart from relieving your pent-up fury at things going pear shaped again as they so often do. I recommend you substantially increase your daily dosage of HEMPd beverages as the calming effect of the CBD (ahem, hemp oil extract) in them obviously isn't working.