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Death by chocolate and now death by swill. LOL.
A rare feet-on-the-ground post among all the fluff on the other board:
Along with all the positives I'm seeing we need to keep our eyes aware of whats happening with our share structure. This is real and can't be swept under the rug --- The price isn't rising as RMHB is still selling shares -
Per the 10Q as of Aug 12th 2019 -
State the number of shares outstanding of each of the issuer’s classes of common stock, as of the latest practicable date: 121,366,790 common shares as of August 16, 2019.
From the 10Q sec 7
~~~~~~~~~~~~~~~~~~~~~~~~~~~
The accompanying financial statements have been prepared on a going concern basis, which contemplates the realization of assets and the satisfaction of liabilities in the normal course of business. The Company has a shareholders’ deficit of $925,910 and an accumulated deficit of $36,948,781 as of June 30, 2019 and has generated operating losses since inception. These factors, among others, raise substantial doubt about the ability of the Company to continue as a going concern. The Company’s continuation as a going concern is dependent upon its ability to generate revenues and its ability to continue raising capital.
On June 27, 2018, the Company entered into a Securities Purchase Agreement (“SPA”) with GHS Investments, LLC (“GHS”), which provides for GHS to purchase up to $15,000,000 of the Company’s common stock over a 24-month period based on a contractually agreed upon market discount. The SPA replaces the Equity Financing Agreement the Company entered into with GHS on October 12, 2017. On August 8, 2018, the Company filed a registration statement with the Securities and Exchange Commission (“SEC”) to register up to 16,000,000 shares of our common stock to be purchased by GHS under the SPA. The registration statement became effective on October 10, 2018 and the Company sold all the available shares under the SPA. On May 15, 2019, the Company filed a registration statement for 30,000,000 shares to be purchased by GHS. This registration statement became effective on June 18, 2019 and the Company began selling shares in June.Management believes the SPA, along with bridge financing from GHS, will provide sufficient cash flows until cash flows from operations become consistently positive.
From PART II – OTHER INFORMATION
~~~~~~~~~~~~~~~~~~~~~~~~~
6/19/2019 GHS Investments 1,065,361 0.036 Shares Sold Rule 506
7/2/2019 GHS Investments 7,384,020 0.038 Shares Sold Rule 506
7/16/2019 GHS Investments 1,636,689 0.070 Shares Sold Rule 506
7/29/2019 GHS Investments 1,752,656 0.050 Shares Sold Rule 506
8/12/2019 GHS Investments 1,613,434 0.050 Shares Sold Rule 506
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
So looks like close to 50% of that 30mm May 15th Registration has been sold by GHS for RMHB's Benefit .... We need cash flow ASAP - but have total belief in our products that once the revenue stream begins this will become past history Let's Gett'er done Boyz and Gals at RMHB - you've been making payroll on our nickel. We need these products to carry us to the promised land ...
#nasdaq3022 about covers it.
PPS marked down after the disastrous 10-Q with its accompanying sops to soften the blow. The share market obviously doesn't believe it. These guys can't make a success of things on their US home ground and the chances of them doing any better playing away are slim. Let's see them make good money in Mexico before talking about further afield. The inbuilt assumption is that Mexicans will go ga-ga over this CBD con. How expensive will this stuff be in Mexico anyhow? They will need a massive increase in volume over the 2 million cans that will net RMHB only approx. $100K. Keep it real.
Net returns to RMHB from Green Lotus and CBD Life future production would be only a small fraction of the foreshadowed revenues. But expect much noisy trumpeting of the revenues as though that is what it is all about. It has already started on the other board.
Many thanks are due to the RMHB stockholders who got the sales up to $36,572. Their efforts are greatly appreciated.
10-Q out
Sales for the Quarter a whopping $36,572
General and Administrative Expenses $696,846
Loss from Operations $858,113
That meeting was more than 9 months ago. Many women have conceived and had babies since then.
What is this Spring water they say they have came up with (June 19, 2019)?
RMHB also bottles and distributes a naturally high alkaline spring water under the name Spirit Water and Eagle Spirit Spring Water.
As it is said to be high alkaline presumably it also is from the same Eagle Spirit water source. What is going on here? Wasn't Eagle Spirit supposed to be the best label going?
Does Spring water actually exist? I can't find any evidence of it being sold (but I'll stand corrected).
Had only a short run on the other board:
Can hardly wait for the June Quarter results. How good will they be - revenues pushing $500K? Maybe I'm being over-cautious. Would welcome estimates from the board how high they will be. However big they are let's not forget they are only an appetizer for the mind boggling revenues coming soon from Mexico and Europe. Hang in there (comrades) we are going to be in clover and on our way to the moon. God bless our plucky little CBD powered ship and all who sail in her. Congratulations to Captain Welch and Lieutenant Adirondackhi who have navigated the perilous seas so successfully.
Some interesting August 16th dates are:
August 16th 1691 Yorktown, Virginia founded
August 16th 1777 American militiamen defeat British forces at the Battle of Bennington near Vermont, during the American Revolutionary War
August 16th 1780 British decisively defeat Americans in Battle of Camden, South Carolina
August 16th 1858 Britain's Queen Victoria telegraphs US President James Buchanan
August 16th 1870 Fred Goldsmith demonstrates curve ball isn't an optical illusion
August 16th 1876 Opera "Siegfried" premieres in Bayreuth
August 16th 1894 Indian chiefs from the Sioux & Onondaga tribes met to urge their people to renounce Christianity & return to their old Indian faith
August 16th 1904 NYC begins building Grand Central Station
August 16th 1927 1st HR hit out of Comiskey Park Chicago (NY Yankee Babe Ruth)
August 16th 1940 45 German aircraft shot down over England
August 16th 2019 Wannabe oil tycoon Malcolm Bendall struck out and Empire Energy Corporation International banished to the grey sheets never to be heard of again
I have a lot more interesting dates if you'd like to know them.
I feel quite okay without needing to spend money on quack remedies ("nutraceuticals") that don't do anything. I'll let others waste their money thinking they make them feel better when there is nothing wrong with them in the first place or what they think is improvement is all in their imagination.
Please provide evidence that backs up your charge that the FDA lies. They might be cautious in giving the go ahead for new drugs but it is responsible for them to be sure. They need not only verify the medical efficacy of new drugs but that there are not also unacceptable side effects. CBD has been reported to have some unwelcome side effects.
Hope still springs eternal that the U.S. Military will contract the majority owned Native American ESSW in a big way. Maybe the Military should buy it up and place dumps of it strategically around battlefields for the enemy to drink. On second thoughts that wouldn't work because chemical warfare is banned.
Notification has been made that the Quarterly report will be submitted late. What a surprise.
The FDA isn't in the business of lying. They leave that to unscrupulous and crooked company directors.
There are no reliable studies to prove many of the claims being made for CBD. "More relaxed" is just one such.
There is a question posted on the other board "Is Eagle Spirit water still in Central Market?" What an embarrassing question to ask. It'll have to go and his papers marked as a suspected subversive.
The topic was not seizures and cancer but "relaxation". I am well aware that there are studies that show a statistical reduction in frequency and intensity of seizures (some sufferers although not all) and there may be some pain relief for cancer sufferers. (Let's hope the studies don't lie, eh?) CBD is not known to cure cancer as RMHB once claimed, and the FDA jumps on the hustlers who say it does.
Because there have been some favorable results for those severe ailments doesn't mean there must exist a general "feel better" factor for ailments of all kinds - some of the bunch including anxiety (relaxation), depression, mental focus, sleeplessness. There are also some more physical ailments said to benefit including arthritis, muscular soreness, migraines, even hangovers, but real medical substantiation is pretty much lacking.
It's clear that you don't understand what the scientific testing of claims made for medicinal properties and effects involves. Not only does it test to confirm the effects are real but also they are safe and don't involve harm to the public.
There are plenty of generalised claims made by commercial interests for CBD in the somewhat vague and ill-defined areas of anxiety, depression, and "relaxation" that seek to skirt around hard medical conditions (the pushers have invented terms like "neutraceutical" and "wellness") but I have never seen any any solid peer-reviewed research that supports them. It is evidence-supported medicine that is in question and not personal testaments which are of no real importance to anyone but the claimant. Just take my word for it? No thank you.
One thing I don't understand and nobody has been able to explain to me, but what is the purpose of putting CBD in beverages that are generally and indiscriminately available to the public. Why are the wider public being dosed on this stuff if they have no need for it (assuming it actually does what is claimed).
Mexican sales of CBD infused beverages have not yet been approved by COFEPRIS. Maybe Mexico doesn't like the idea of the mass indiscriminate drugging and ripping off of its citizens by dubious "medicine".
That isn't how it works. Ascertaining medicinal effects requires double blind testing and especially so for the subtle effects of CBD that are being claimed. Rigorous testing eliminates subjectivity and the possibility of placebo effect. Reputable and disinterested pharmaceutical testing bodies don't go in for lying and any falsification would soon be exposed by other testing bodies.
The rampant dilution (still continuing) was supposedly going to be more than compensated for by generated revenues - which didn't happen. Now the siren call is the large revenues are not only still coming but they are about to come. That is clearly not going to happen with the grab bag of piddling projects they have put together and the fierce market competition they would face.
It's hard to see a real future for this shmozzle however one looks at it.
This is no longer risk - it is clanging failure. It's O V E R
Outstanding shares count is 119,753,356. Let's round it off and call it 120 million.
Please provide links to double-blind studies carried out by reputable organisations that demonstrate conclusively CBD has a relaxing effect (whatever that is) on otherwise normal healthy people.
"Relaxation" and "anxiety" are mushy areas that financially interested CBD purveyors can make hay with.
The greatly anticipated CBD Life celebration in Mexico City produced nada for RMHB except more "soon". But let's hope Michael had a good time and enjoyed the enchiladas.
CBD Life's own products that have nothing to do with RMHB. The photo is barely on topic.
Some bozo and friend holding up at an undisclosed location/event what are probably free sample cans. This sort of pic is similar to the ones of Rocky Mountain High swill that used to be sprayed around in the Jerry paid pump days.
The cartoon adds nothing to the bland statement of the supposed Mexican connection. The grownups here regard such childish behavior with contempt.
Next week is likely to be much like any other RMHB week - much hyping and no significant advance.
However, the June quarter results will certainly be of interest when they are released.
The Government changed over a year ago. The recent CBD Life musings were vague and misleading. They didn't come straight out and say what the actual position is with regard to the Rocket High and California stuff. Plenty of scope left there for airheads and the bewildered to try to "connect the dots".
But on the other hand:
Between ground with extremely low prospectivity and the incompetent religious nutcase who ran it it was never a realistic chance.
I'd be miffed too if I'd put in all that time and effort pumping for Jerry and not got paid properly for it. It looks like a case for Judge Judy.
Is it known whether CBD Life is intending to produce a fudge? Michael might be there to offer to do some fudge packing for them. Michaels's husband isn't in the two pics so we don't know whether he accompanied Michael on the short vac or not.
The shorters if they exist know better what they are about than you do.
This presumably comes from your mystery sources but you are sworn to secrecy as to what and where.
What is the "this" you speak of? I suggest you check your facts.
The only "we" in Mexico is Welch enjoying a holiday in the sun on the Company dime.
This one illustrates how out of touch most on the other board are:
Lol makes me laught amateur shorts are getting desperate, remember you can only gain about 0.07 by shorting this stock...no one is selling at this price (but another short seller) so there is no way for you to cover...the initial order of 2 million cans is like 50% of the market cap, this has to be the most undervalued CBD play on the market right now
No understanding that at 5c a can for RMHB 2 million cans would be $100,000 equals 1.25% of Market Cap of $8 million.
No understanding that there are next to no shorts and the share price has nothing to do with shorting.
No understanding that there is no go-ahead for CBD beverages into Mexico and production is still only a dream.
No understanding that the low share price is a threat to further toxic funding from GHS.