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I guess I'm misunderstanding something. 500M shares aren't being added to the A/S to sit around. Once SEC approves they will be on the market, and there will be dilution. In a low volume stock like this one the price is going to tank unless they sell directly to someone that plans on holding them.
Why anyone thinks this is good news is beyond me. How is raising money through adding more stock a good sign? Raising money by selling product seems like a good sign...
The question becomes, if someone does want to add, when is the price going to be right to buy? People are saying buy now, but why? What makes anyone say that? Seems like throwing money on the roulette wheel.
This is all just my opinion.... not advice.
The # of A/S were increased by 500M shares? That kinda sucks, no?
That crap has an 85 rating and sells big... so yes, I'd be happy if RMHB had a wine that could compete.
However, I would be very unhappy if they directed any effort or capital to introduce a wine right now when they need to focus on one thing...
Also, as a major wine drinker I agree that I would not be enticed by a hemp infused wine... nor a marijuana infused wine for that matter, which I have never tried.
Could happen today. Only 140K volume so far. Dumpage come power hour?
Could it be that the stock is more in the controlling hands of longs and it's a sellers market. Perhaps someone just tested the limits. If that is true we could see a small and steady rise of price simply because no one is selling. I think corporate dilution is over, no?... O/S~=A/S, or am I dreaming?
Personally, I think it's a married couple from Canada. There is no Ken.
LMAO... Wow, they sold out already?! :-P
Too funny. I think you have a future at ILM.
What are you looking at? It's available.
RMH Coconut Lime at amazon
Buy it... Try it...
What's the "official" site?
There are 10 reviews here.... what happened to the other 500 that used to be there....
I didn't say 50B preferred shares. There are 5M preferred shares, each worth 10,000 shares of common stock. He has 3M. His lawyer has 1.5M. When they vote together it's 45B... tough to lose a vote if you're him. Not sure where the other preferred shares are.... sold them off or gave them a way or has them stashed away. He can eliminate 7B shares if he wants, but as long as he has those preferred shares nothing changes.
And what about his 50B (based on ridiculous preferred shares)?
It does seem like dilution is taking place, albeit I have no evidence there will be an A/S increase. The O/S was reported by the company in November'15 as less than 200M, but when they released financials in March'16 the company reported 667.5M. That's a massive O/S increase in a very short time period. I've always wondered why no one brought it up on the board, except stock zoom, which no one listened to... including me. Anyway, I'm in this for a buy out and nothing else... if there ever is one. If not, then whatever.
Actually, he's right. Hemp is cannabis. Marijuana is also cannabis. Hemp is not marijuana.
Where are my millions? I need to get my boat ready for Summer.
Ha! An $80Billion company that does nothing.
Could be... but not because of MDCN.
Ahhhh... the good ole days.
What is everyone's take on SpectraScience being released from exclusive distribution deal with Pentax in June 2017?
My Take is Pentax/Hoya will need to sweeten the deal or outright buy SpectraScience to maintain that product exclusivity. Otherwise, SpectraScience can broaden it's distribution with a number of medical companies.
Looking forward to next year.
If you're gonna dream big tell someone to buy them for $10ps.
Hopefully they will adapt the patented technology to create a similar device to diagnose esophageal cancer. The current screening method using endoscopy causes unreasonable risk to the patient.
Joey68
Good answer.
Teddy bears. Can't handle the heat. I have respect for selling on a pop, but ask at this level is weakness.
As you should. the teddy bears here have lost sight of the prize.
Agree....
Get serious.
My amateur opinion - I can see no time in the future where dilution will end. It's the only thing this company does do, other than misplace all the money they raised. Volume trickles to 0-ish and someone comes on with BS stories of big happenings coming just to get a few more shares sold. Based on what has happened it's difficult to find anything legit about the company or any of it's officers... if they even exist as presented. If they could do a R/S they would have done it already. My guess - they were denied. Now just trying to sell off as many shares as possible a couple $100 at a time. There's no effort behind it. Just a couple tweets from the beach, or a couple board posts. Karma...
Still waiting for this big turn around you were talking about. So far it still seems like VNDM and BMAK continue to dump shares.
You are stating that is fact?
So... Isn't $60K his yearly salary? Perhaps that is why he is raising it.
He can't retire shareholder shares (you own those). There are billions of authorized shares that no one purchased during the last gauntlet of dilution. Those must be eliminated.
Getting a bit ridiculous now, but I'll play along. As I'm sure you know it is standard practice to have insurance for a business.
https://www.sba.gov/content/types-business-insurance
Are you counsel to RMHB? Otherwise, you won't see anything until it is filed.
Well, I'm very happy I got to fund Joel's retirement... But now I'm out for good. I'll take my losses and run. I was stupid to have ever thought I might recover anything from last year.
Not that I think anything is going to ever come of this, but whoever is in charge absolutely must retire a majority of the shares (especially preferred shares) prior to doing anything else. This ticker symbol is dead until then no matter what the grand plan may be.
I can't comment because I'm not sure what you are referring to... the inventory value under assets being $950K compared to $880K in previous QTR (approximately 23.4K cans)? How many cans have been produced by now... that seems like a pretty small number in comparison. Moreover, that could be cans initially intended for or returned from Canada based on RMHB suing RMHC for breach of contract. I have no idea, but that is as logical as thinking they are putting expired cans back in inventory (they can't put returned cans back in inventory unless it is still a good can - i.e. not expired). Or, maybe someone with crappy math skills is counting the cans. Inventory is not something I can speculate upon.
As someone old enough to drink beer I have noticed there is usually a 3 month expiration on the bottles, yet somehow it still manages to sell.
You seem to be leaving out a lot of facts, as well. It's always "a friend" knows somebody who said this. You criticize others for not having proof... where's yours?