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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.
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.