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The new Director with the 27.18% holding is named as Dr. Syed Naved in the Quarterly September 30, 2022
The other message board keeps rabbiting on about a Syed Naveed (not Naved) including a message from Paul Knopick quoting management in which he is spelled Syed Naveed.
For a guy with a 27.18% holding they really ought to try to get his name right.
From the other board:
Having finally got out four long overdue (unaudited) financial reports hardly calls for management to be congratulated but instead an "about freaking time you slack lot!"
"As of December 10, 2022, the most recent practicable date, the number of shares outstanding of our Common Stock was: 582,608,054"
https://www.otcmarkets.com/otcapi/company/financial-report/355411/content
The OTC Markets record shows Outstanding Shares as 554,179,482
Have they been issuing shares without reporting them?
An omission from the increased percentages cited in the Press Release was -
Rocky Mountain High Brands reports an Operating Loss of $2,885,359 for the Nine Months Ended September 30, 2022 which is an increase of 157% over the $1,121,309 Operating Loss for the 2021 corresponding nine months
Looks like they need to keep the dilution machine turning over fast.
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 of December 10, 2022, the most recent practicable date, the number of shares outstanding of our Common Stock was: 582,608,054"
However, the Outstanding Shares at the OTC Markets board continues to be given as 554,179,482
Is RMHB management playing fast and loose with the Outstanding Shares issued?
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)
[This highly relevant and important summary of results provided in response to a somewhat hysterical post on the other board (Great News … Over 2 MILLION in Revenue thru September 30, 2022 !) was deleted within seconds.]
But on page 2 the Net Loss figure of $905,089 is shown as being For the Three Months Ended September 30, 2022
What is going on here? Do these bozos know what they are doing?
As reflected in the accompanying consolidated financial statements, for the nine months ended September 30, 2022, the Company had:
* Net loss of $905,089; and
* Net cash used in operations was $2,786,353,
Additionally, at September 30, 2022, the Company had:
* Accumulated deficit of $53,570,061
* Stockholders’ deficit of $4,955,358; and
* Working capital deficit of $7,242,626
https://www.otcmarkets.com/otcapi/company/financial-report/355411/content (page 7)
I don't mean to disparage emus. Like I said a while back they once defeated the Australian army in open warfare. They got a bad rap in Texas through no fault of their own. How would Texans like it if the Australians kidnapped some long horns and then complained the oil they got from them was lousy?
They are getting desperate over there. They are finding you can't soar like an eagle when you only have wings of an emu.
RMHB Latest News
No Recent News Available for this company!
The way that board is conducted it isn't a serious investment forum, it's just a sick joke. It surprises me the proprietor allows its board to be continually misused the way it is and doesn't insist on it being run as a respectable financial platform.
From the other board:
Summary of progress to date:
Share price is in the toilet
Listing has been downgraded to Pink Limited Information
O/S is well on the way to reaching 1 billion (after the 1:20 reverse split)
Auditors are a revolving door and not prepared to sign off accounts
Quarterly reporting dispensed with
Shareholders are in the dark as to what is happening
Investor Relations guy Paul dropped in to say he is not being paid for his doing nothing but he has visited the bottling plant and seen it with his own eyes and he is a true believer
Adirondickhi bragged about his expertise with the delete button in silencing anyone who dares to express their concerns
But apart from that things are going along marvellously
From the other board:
What is funny Paul is some self-proclaimed investor relations bozo who management won't pay and who has nothing of substance to say on this "official" message board but whine about downticks as though they are of any importance. You are just making a fool of yourself Paul although that puts you in good company here.
If RMHB wants a no-cost investor relations guy then they already have their stooge adironniedickhigh to act as their propagandist messenger boy which makes your non-payment "job" redundant.
From the other board:
You are right Paul, it doesn't really help. But if you want to do something useful you could explain how it was that the RMHB share price increased 2,300% last year as you claimed earlier. We are accustomed to big numbers being thrown around here with gay abandon (I use gay in its original unsullied sense) but that one was in a league of its own.
From the other board:
Thanks for inviting questions, Paul.
It's interesting that you showing up here like this coincides with the recent 6.3 million shares addition to the O/S. At say the market 1 cent that equals around $60K. I'm guessing you are paid by RMHB in shares for your negligible efforts because they are too strapped to pay you hard cash. Would you please confirm.
From the other board:
You are right Paul, it doesn't help in the least, it's just pointless waffle. You have now put up four posts that inform nothing we didn't already know. Your contact address is old news. In any case worthwhile news can only come from management, and you are just the guy who does a bit of mopping and dusting trying to pretty up the joint.
From the other board:
Greetings fiends. I am planning on not visiting the Dallas bottling plant in February because I think it would be a waste of time and effort to stick my head in the door just to see it doing what it is supposed to be doing and to be told some BS by a hired hand about it being a gold mine in disguise. I will wait it out for the financials (preferably audited - over to you on that one ronnie) to appear from out of the murk some far off day to get some clue as to what the plant is actually achieving for the shareholders in money terms.
But the good news is I am planning on making a world tour to London, Paris, Vienna, Rome, Bombay (er I mean Mumbai), Singapore, Sydney, Auckland, Buenos Aires, Rio de Janeiro, Mexico City and back home again just as soon as RMHB has become a world class company. If anyone would like to know more details of my planned itinerary then please pm me.
Outstanding Shares up 6.3 million to 554,179,482
Looks like they are running short of cash to pay small creditors.
From the other board:
Hello fiends. I am planning on not visiting the Dallas bottling plant in February because I think it would be a waste of time and effort to poke my head in the door to see it doing what it is supposed to be doing and to be told some BS by a hired hand about it being a gold mine in disguise. I will wait it out for the financials (preferably audited) to appear from out of the murk some day to get some clue as to what the plant is actually achieving for the shareholders in money terms.
But I am planning on making a world tour to London, Paris, Vienna, Rome, Bombay (er I mean Mumbai), Singapore, Sydney, Auckland, Buenos Aires, Rio de Janeiro, Mexico City and back home again just as soon as RMHB has become a world class company.
From the other board:
Hey Dhubis, the share price falling 50% in a day on large volume is pretty impressive too.
If this board wasn't controlled by stooges and crooks then investors might be better informed.
From the other board:
You want impressive? Try that 2,300% rise in the share price last year.
From the other board:
Welcome back Sam, it sounds like you have been too busy to find the time even to check in with a couple of mouse clicks.
Yes, busy is the operative word. It's all go here.
Like adirondickhi says, they are too busy to update the website and it seems they are also too busy to put out financial statements. It hardly needs saying that being so busy must mean there are wonderful things in progress and all will be revealed ("shared" if you prefer woke vocabulary) in good time as RMHB continues on its way to becoming a world class company. Adi himself is so busy keeping in touch with the Dallas office and monitoring this site (a full time job itself) he is only rarely able to post pics of the drinks on the way to Mexico. A shame really as we all so much enjoy his fantastic input. Our star influencer pickle is always busy too with his spamming but you will soon get tired of him and find it's best to just skip over his rubbishy video links.
From the other board:
No patches, you aren't wrong. They are three financial quarters behind now.
5 cents wouldn't be nearly enough to get the long-time holders out of the red. The poor sods are now regretting falling for all the bulldust they read here spewed out by adironniedickhi and his buddies.
The Rocket and California sample cans were being given away with HEMPd orders on their website which is no longer operating. The new subsidiary Nextbev which was announced 4 months ago is supposedly trying to drum up business somehow though a network of co-packers but it sounds rather fuzzy. Dollar Tree stores are selling their low margin pediatric electrolyte drinks.
Certainly some CBD Life business is being done (we have adirondickhi's loaded truck photos and pickle's spamming to prove it) but there's probably not a big return to RMHB from it. They need to keep on dumping new shares to stay afloat. The other board is very sensitive to increases in the O/S being commented on (most recently up 45 million to 547,879,482).
From the other board:
What financials are you talking about Dhubis - the March Quarter, the June Quarter or the September Quarter? Is there a Best By date on your can?
From the other board:
What a dull board it is when potentially interesting posts are deleted at a rate of 10:1 or more to the allowed posts which are mostly ho-hum sludge (not counting pickle's basically non-posts).
pickle thinks he is doing a wonderful job. I think he must be unemployed so that can hang around Facebook and Instagram all day waiting for Rocket and California stuff to appear and constantly recycling previous stuff. Unlike the high-powered and over-worked ronnie who makes a point of saying he is too busy to follow up on things he is asked to.
From the other board:
According to my calculation if RMHB continues its annual 2,300% annual growth rate then from the .012 base it will be $27.60 by the end of the year. Someone said we are sitting on a gold mine here, and those who laughed at Adi's prediction of becoming a world class company are going to have to eat humble pie. Now that the founder of Red Bull has died it leaves a big opening for us and who knows when Elon Musk might make his move?
They come up with some wacky stuff over there. As if any respectable listing of highly performed Wall Street stocks would have that ridiculous (and impossibe) RMHB nonsense on it.
From the other board:
(re. Rocky Mountain High Brands Inc. 2,300% $0.012)
That is most amusing cute1265. Thanks for passing it on. Paul has come up with a real side splitter this time.
It has a more friendly sounding name than snake oil. Plus there's no argument that emus do run fast and emu oil would not be detectable as a performance enhancing drug in athletic competitions.
From the other board:
ronnie, when you were passed on from Dallas office this info about Grisaffi (which is obviously where you got it from) did they also happen to mention when some audited financials might be forthcoming?
That's what happens when a quack health product (nobody knows what CBD is really any good for) is marketed by a crew of spivs who think they see an opportunity to clean up big on a gullible public. Planting slimy, lowlife stooges like adironniedickhi on message boards to head off honest investors from asking awkward questions and expressing legitimate concerns is all part of the plan.
It is to be wondered how much longer this operation of obtaining cash by diluting the stock with more and more next to worthless shares can be made to last.
Jerry Grisaffi has lost an appeal against a $3.5 million judgement against him in an action brought by Rocky Mountain High Brands (RMHB).
From the other board:
It's kind of sad this board is reduced to being flooded with spam for drinks you can't buy in the USA anyways. No healthy discussion to be had here on RMHB's prospects. Don't mention the financials and the bloated O/S or the mods will go ape. It terrifies them.
From the other board:
Reality check for Adi:
The last two Annuals were produced very late and very unaudited. Quarterlies are no longer produced. That is how well the financials are progressing.
Nobody really knows how CBD Life sales are progressing. The assurances from some anonymous source (perhaps you yourself) are useless. In any case their sales represent only a low yield return to RMHB.
NexBev doesn't understand the difference between cannabinol and CBD so that's how good they are. It smells of yet another RMHB distraction to feign some activity.
The claim that the website not having been updated because staff are too busy filling orders is simply ludicrous. Do you really think your little readership here is so stupid as to believe that? Then again, perhaps they are.
Dilution has been out of control ever since the 1:20 reverse split reduced the outstanding shares count to 95 million. They are now almost 548 million and the most recent increase of 45 million would have yielded round about $45K enough to pay the rent and keep the lights on (and some into managements' pockets of course).
After years of poor performance basing hopes for the future on the easing of restrictions on CBD is a pretty forlorn strategy.
The company is struggling to keep its head above water.
From the other board:
Which financials are you talking about pickle? The March, June or September quarterly?
At any rate it's not your job to worry about complicated stuff like that. Just keep on mindlessly churning out the recycled CBD Life videos that you are so good at doing.