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The other board can't handle the truth and continually removes posts that are relevant and conform with the Terms of Service. There has not been allowed to remain a single post that spells out the extent of the ongoing dilution:
Outstanding Shares are up by a hefty 292,974,026 shares to 837,153,508. It's no use glossing over it as being of small importance and easily remedied, those are the actual numbers and they are awful.
DILUTION DILUTION DILUTION
There is obviously more on the way.
From the other board:
Good to see one of the faithful jumping in early today and boosting the price 30% with his 4.9K buy. This shows real commitment to the noble cause of demonstrating RMHB's strength in the marketplace and it is hoped others here will follow this heroic example and act similarly.
From the other board:
"Yeah Adi, like revenue growth was going to see share buybacks and so there would be no reverse split the last time round. Longs got the 1:20 to thank them for their loyalty and believing that baseless spiel. And revenue growth alone wouldn't cut it because there is the little matter of losses and net profit to consider as well. You and your merry little gang of thugs here are very sensitive to the full story being told. Any convenient summary of the the latest financial results (unaudited) that is put up is treated as though it is radioactive contamination and quickly removed. This board is a shameless hoax on honest investors.
It makes no difference if the latest round of new shares is restricted shares, it is still DILUTION DILUTION DILUTION. And chatter about uplisting is ridiculously premature in the present circumstances and simply la la land pumping. In any case until auditors are willing to sign off on accounts the notion looks to be impossible as three firms so far wouldn't touch them with the proverbial 40 foot barge pole.
All this upbeat talk about what is likely to be is just pissing in the wind. There is a long period (years) of demonstrated results needed before RMHB can leave its present wannabe state and be taken seriously in investment terms. If it ever does succeed it is likely to be as a small-medium player in the drinks market and that assumes the public doesn't wake up to what a load of baloney it is being sold in the CBD story."
From the other board:
Outstanding Shares up by an horrendous 292,974,026 shares to 837,153,508
You can try to hush it up here with your deleting, ronnie, but you don't fool the market - it KNOWS and it takes no account of dishonest little grifters like you.
From the other board:
Good job chaps, we need to do all we can to support the price now that dilution is running amok. Please sell out of your other loser stocks and pour the funds into RMHB as hard as you can go. If we can hold her head above water until the tsunami of revenue arrives we'll be all right.
From the other board:
Outstanding Shares are up by a stunning (the coarser types among you might prefer gobsmacking) 292,974,026 shares to 837,153,508
The long hands who went through the 1:20 reverse split can look forward to another one soon the way the O/S is bloating. The stooge's response of share buybacks from an imagined vast revenue stream won't happen just like it didn't with the 1:20
Outstanding Shares up by a whopping 292,974,026 to 837,153,508
What a disaster. It looks like another reverse split will be coming.
The other board is in denial as usual. Even that pretend Investor Relations guy is continuing to make a fool of himself rather than address the serious issues.
"FDA denies bids to market CBD products as dietary supplements."
Regardless of moves to legalize marijuana in the USA CBD is going nowhere.
https://seekingalpha.com/news/3928507-cdc-denies-bids-market-cannabidiol-cbd-products-as-dietary-supplements
Response to mighty quinn on the other board:
And what about the bloated and ever increasing outstanding shares count, as well as the refusal of several auditors to sign off on the accounts?
At 2 cents RMHB already has a substantial market capitalization more than reflecting its very mediocre financial performance over some five years.
From the other board:
Reminder To All Posters
I notice that 16 consecutive posts (to this time) have been deleted for not being up to standard and meeting essential posting criteria.
Only messages approved by the company stooges may be posted here. Please assist the mods by posting only messages that affirm RMHB's awesomeness as it progresses on its way to becoming a world class company.
We need to keep this a happy family of dedicated RMHB admirers and not to be distracted by the unwholesome thoughts of deviants from the true path
From the other board:
The three stooges: adirondickhi, BigOH (Oscar Herrera), Paul Pknoprick.
If Sales for the December quarter are $1.6 million that would be a 16% increase over the September quarter.
The $1.6 million is their estimate of what the pending unaudited figure might be. All very slippery really. I think they would have a little more credibility to at least have waited for the unaudited figure to release (together with the accompanying numbers, of course). I'm assuming a trustworthy audited set of accounts is not going to magically appear.
From the other board:
This is what really matters adirondickhi, it's the most relevant and important information available and what the present abysmal pps is about, but what you and your gang of hillbilly dimwits would sooner pretend doesn't exist. So you can delete away to your heart's content , but you cannot alter reality and conceal the real issues with your cowardly delete button. Mature investors are well aware what a dishonest and steaming load of crap this sorry excuse for a discussion board is.
The latest financial results (unaudited) from RMHB:
For the Three Months Ended September 30, 2022
Sales-net $1,376,141
Cost of sales $850,421
Gross Profit/Loss $525,720
General and administrative expenses $1,468,276
Loss from operations ($942,556)
For the Nine Months Ended September 30, 2022
Sales-net $2,185,450
Cost of sales $981,080
Gross Profit/Loss $1,204,370
General and administrative expenses $4,089,710
Loss from operations ($2,885,339)
As at September 30, 2022
Accumulated deficit was $53,570,061
Stockholders' deficit was $4,955,358
Working capital deficit was $7,242,626
From the other board:
Are you really their Investor Relations go to guy or is that just a title you have given yourself to make you feel important? I have never heard of a Company not paying a real IR guy for services rendered even though they just involve looking for multiple sites that carry the same news release. You obviously know bugger-all about the functioning of the Company, and the juvenile way you conduct yourself on this board simply shows up what an ignorant dumbass you are who is entirely unsuited for a position which requires maturity and a degree of sophistication.
From the other board:
The preliminary unaudited revenue results for the fourth quarter of 2022 ($1.6 million) compare with the $1,376,141 of the September quarter.
Yet to come are -
Cost of sales
Gross Profit/Loss
General and administrative expenses
Loss from operations
The results being unaudited there is considerable scope for irregularities and improper practice that would not pass muster with formal auditing.
Message to the wacky Investor Relations guy on the other board:
Serious question. What is this about the small initial run of RMH drinks being done near Houston? Why not at the Plano plant? Why do they need to do a test run on them at all since they are "going back to their roots"?
And it is only their "ambition" to produce "larger" volumes by the END of 2023! Huh?
As usual what they say (or don't say in the case of why the auditors won't come to the party) doesn't make a lot of sense.
Seems like the share market isn't too thrilled to know the earlier failed drinks will be back again.
With three different auditors having refused to sign off on the financials there is clearly something highly suspect about them, either for dodgy accounting principles employed or the numbers are inaccurate (to put it kindly).
That unpaid Investor Relations guy has been buzzing about like a demented blowfly since the unaudited financials were released.
From the other board:
Nobody cares how many shares anonymous chatterers claim to have bought. It's meaningless babble.
The latest results from RMHB (unaudited):
For the Three Months Ended September 30, 2022
Sales-net $1,376,141
Cost of sales $850,421
Gross Profit/Loss $525,720
General and administrative expenses $1,468,276
Loss from operations ($942,556)
For the Nine Months Ended September 30, 2022
Sales-net $2,185,450
Cost of sales $981,080
Gross Profit/Loss $1,204,370
General and administrative expenses $4,089,710
Loss from operations ($2,885,339)
Additionally at September 30, 2022
Accumulated deficit was $53,570,061
Stockholders' deficit was $4,955,358
Working capital deficit was $7,242,626
From the other board:
Paul Knoprick aka Yankee Lifetime Fan says he has no compensated posts which is an utter lie because he is on the RMHB payroll.
From the other board:
Jerry Grisaffi's RTON has announced a 1-for-250 reverse split. How soon before RMHB reverse splits again?
Good question.
Remember when there was last talk of a reverse split of RMHB but adirondickhi insisted it would never happen because there would be share buybacks enabled from the vast stream of revenue that was on the way?
Shortly afterwards there was the 1:20 reverse split and many of the myopic old faithful have been left nursing their losses ever since.
Enough said? Not quite.
How much longer can RMHB burn through cash and continue the shares bloat?
Jerry Grisaffi's RTON has announced a 1-for-250 reverse split. How soon before RMHB reverse splits again? From 95 million to the present 554 million Outstanding already (or is it 582 million as per the recent financials?) it shouldn't take long pushing on towards the one billion Authorized since they are only staying in business by printing new shares.
From the other board:
What happened to the pent up buying that was going to be unleashed when the listing went Pink Current? It's been a big yawn. Now we are waiting for the next "big news".
This new board layout is a step backwards. The tizzy icons next to the posters names contribute nothing (who cares?) and are too dark to discern the image which is quite meaningless anyway. The message numbers they have replaced were a good guide to board activity both in volume and posts that had been given the boot.
There has been a single solitary comment over there on the actual content of the financials ("Great News … Over 2 MILLION in Revenue thru September 30, 2022!") and that was by someone who is on the RMHB payroll (shares in lieu of cash). The numerous other posts since the release are basically worthless puffery or outright nonsense. The full implications of the financials are being treated as though they are radioactive and must be ruthlessly suppressed. Don't look for informed and balanced discussion there, it is just a propaganda arm of the Company under the control of two-bit dictators.
Posted by growdoe on the other board:
Moderation getting too much when my comment hoping for Q4 reports to be posted on time is deleted. I've been here for four years and recently bought more in Nov.
Let's allow some conversation. Not much to ask a public company to file their reports on time NOW that they are reporting again.
It's amusing to see Paul Pnoprick give IHub a plug on the other board.
From the other board:
It is very odd why this convenient summary of the long overdue financial results should be being summarily deleted as though it is bringing leprosy or the plague to the board. Is there something about the results that is embarrassing or shameful? Could it be that the Loss line is considered disruptive of the feel-good narrative that is being spun out of the Sales line? I think the best thing to do would be to put on your big boy pants and accept that reality cannot be wished away and it always prevails in the end. There is obviously still a long way to go before this struggling little outfit becomes a moderately successful going concern let alone a thriving world class company.
For the Three Months Ended September 30, 2022 (Unaudited):
Sales-net $1,376,141
Cost of sales $850,421
Gross Profit/Loss $525,720
General and administrative expenses $1,468,276
Loss from operations ($942,556)
For the Nine Months Ended September 30, 2022 (Unaudited):
Sales-net $2,185,450
Cost of sales $981,080
Gross Profit/Loss $1,204,370
General and administrative expenses $4,089,710
Loss from operations ($2,885,339)
From the other board:
UPDATE
They are still Pink Limited Information
There is still some confusion about the spelling of the new Director's name
There is still some confusion about the number of Outstanding Shares
But what is clear is they are are well on track to make a large Loss for the full year
The letter from attorney Joe Laxague of The Crone Law Group P.C. basically resolves into an opinion that (i) the unaudited reports released by RMHB meet all the disclosure required to maintain Pink Limited Information class of listing with OTC Markets, and (ii) RMHB is not an inactive shell company but it operates a genuine business.
I don't see there is any reason given in the letter that RMHB should move beyond its Pink Limited Information listing. The letter does not press that having fulfilled its reporting requirements (albeit unaudited) a move to a higher listing is justified.
I did not know of the changes of rules for OTC Markets listings you have pointed to that will be considerably more onerous for small fry companies like RMHB. However, I take it from what you say that there is not necessarily anything stopping them growing if they are well run (although access to funding could be more difficult?) and shareholders still stand to benefit as reflected by the share prices (providing they can buy/sell their shares which you say now looks more difficult). Where they perform sufficiently well there is still the possibility of being taken over by a larger entity.
The leading stooge on the other board spoke recently of RMHB becoming a world class company. They want to skip the learning to walk part and go straight to Usain Bolt style running.
vegasandre my cantankerous old buddy, I was about to reply to your mom's basement post with this when it vanished from sight:
I read your long diatribe about your unhappy experience with Merill and the shortcomings of the OTC and it brought a tear to my eye. But the problem as I see it is they are not going to move to a more substantial exchange than the OTC without audited accounts and it remains to be seen if the latest appeal by a lawyer can even get them beyond Pink Limited Information rank within the OTC. I suspect that a higher exchange would also require a rather larger market capitalization than RMHB presently has and unless they do a lot better than they have so far would be out of their reach.
The lack of auditing began with the departure of Mike Welch and after this length of time it is looking to be irreparable.
They were THCZ (Totally Hemp Crazy) before they came RMHB. Jerry Grisaffi thought he was being cute choosing a stock symbol THCZ but it backfired when he was supposed to selling THC-free hemp drinks.
BigOH is back as a moderator again, it must have been a glitch (Error 404 for much of the day)
As Oscar Herrera he has received shares in lieu of cash compensation as follows:
(April 3, 2020) 250,000 at $0.01725 (value at market price $4312.50)
(December 4, 2020) 7,000,000 at $0.0297 (value at market price $207,900)
(March 30, 2022) 6,602,123 a $0.0623 (value at market price $41,250,26)
From the other board:
BigOH is gone as a moderator. So adirondickhi is the last stooge moderator remaining?
A reminder that personal attacks against other posters contravene the Terms of Service and will be removed. The board topic is RMHB, both its pros and cons. This is a free and open discussion forum about the Company where all points of view and opinions are acceptable.
OTC Markets shows under:
Board of Directors - Syed Naveed, MD.
Other Company Insiders - Syed Naveed (United American Holdings, LLC)
His name is apparently incorrectly spelled Naved in the Quarterly.
His personal attacks sit oddly with someone who is supposedly handling the Investor Relations job. He is strictly amateur hour.