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Like I said, you just need to do more research on CBD. New studies are coming out constantly. Half the VFW in my hometown uses it and they get a lot of pain relief from it, instead of using killer opiates. I'm sure your Google isn't broken and can research yourself. I'm sure you can find plenty of 'reputable research organisations'.
You need to do more research. I know a lot of people suffering from arthritis that get pain relief from CBD creams including my father.
I'm not saying RMHB or hempd isn't a scam, I'm just saying that CBD has proven results for pain relief and blowing off true research because you don't like this particular company is nonsense.
Seems more likely that it's purpose was to trick the shareholders into thinking RMHB was expanding into China to get them to buy more shares and try to increase the PPS. It worked in January and then the PPS fell right back down to where it was as investors learned it was just another lie like Canada, India, etc, etc..... JMHO
Hard to maintain your business when the shareholders are the only ones buying product. The quarterly reports show that no one else is buying products.
So you're say that this is going back down to the pink sheets from OTCQB?
Previous post specifically stated to look at the past performance, now we shouldn't be doing that? I'm confused
The financial reports located https://www.otcmarkets.com/stock/RMHB/disclosure tell a completely different story about their experience and past success. What are the past successes that make you feel this company is the top player?
Sounds like when they said there were billions in China in need of water. lol. There's roughly 330 million potential customers in the US and sales numbers have proved that no one in the US wants these products except for shareholders. I don't see Mexico as being any different. Why ship in a product from the US when they can make their own? Nothing proprietary here. I like how you give the layout for most countries: Rich people, large middle class, lots of students, and lots of poor people. I think you just identified most of the countries in the world.
I've been following this closely for over 3 years now. The revenue has been declining, not increasing. I've heard this many times before. It never happens. "Huge Production run, robust sales" lol, never happens.
More important from the 10Q released today sales = $50,909. Loss from operations $1,166,421
Its the same management that's always been there. Just without Jerry. The rest of them are the same. Same crew. Same ol' song and dance. They'll keep promising and never deliver, IMO. They never have before for many years, I don't see anything magical starting now.
lol, they said this would be in every 7-eleven in the US 2 years ago when they had "thousands of new distributors". I'm still waiting for that to happen. lol
Wow, they charge $48 for 30 gummies. That's $1.60 per gummy bear. You ate 4 which is $6.40. You paid $6.40 to feel "calmer"? And you had to eat the limit to do so?
https://hempd.com/product-category/hempd-bites/
Lily Li is still listed as EVP International Business Development, so I would assume she would still be in charge of the Mexico deal. I still wonder what happened to China and the billions that needed water from RMHB to survive? LOL
What is the ticker for that one? I'd like to do a compare to see if its doing better than PURA. They have been selling CBD infused beverages for a while now and stock is plummeting, very much like RMHB.
So no quarterly report then? Do they not want us to see how bad it is? People on here keep believing this will be on the NASDAQ one day. I don't know of any nasdaq companies that wait 5 months to report their quarterly numbers. I guess RMHB better step up their game if they want to be on the nasdaq. I work for a fortune 500 company on NYSE, we report every quarter. I guess RMHB wants to stay on the OTCmarkets.
They always state their summer months are the best for sales, but last summer they only had $41000 in sales.
Anyone seen the quarterly report for 4th quarter, Oct-Dec? Usually out by 2-15, but I still don't see it posted.
I heard the same thing 3 years ago. With the India deal, Canada deal, China has billions that need water. Nothing ever comes true with this company. I'm betting the Mexico deal will be exactly like the China deal. All talk, no action.
Just look at the quarterly reports. You really think paying millions per quarter to make 41000 in sales is gonna make this company a giant?
Usually they post 4th quarter financials on 2/15. I don't see that they've been posted yet on otcmarkets, but maybe I'm just not seeing them. I see a filing on 2/15 to release another 250,000,000 shares to further dilute this.
I also see they made a whopping $41,000 is sales in the 3rd quarter and spent 7 figures doing so.
IMHO its crazy people still think this is a viable investment.
I'm guessing this new turn for RMHB will work out as well as the China deal. Whatever happened to the billions of people in desperate need of RMHB's water in China anyway? It's almost like RMHB doesn't care about them anymore. lol. They haven't talked about China for a while. What is Lily Li doing now?
Even though they don't have any CBD products and have nothing to do with CBD at this time?
Why should it be in the teens? Have you looked into the history?
How does this make a difference? Whether the fiscal year is July 1st - June 30 or Jan 1st - Dec 31. The January - March quarter is still always reported May 15, so nothing is actually changing.
We'll still see the Oct-Dec quarterly on 2-15 and the Jan-March quarterly on 5-15. Nothing changes. Except we probably won't see the audited financials now for another year instead of September.
Lily Li is still listed as EVP International business development. Unless RMHB is no longer a fully reporting company. Shouldn't she be in control of this Mexican deal? She was brought in for the China deal, which had way more PRs than this mexican deal, yet it still never happened. Their pump at that time was about how China is desperate for water, lol.
Didn't Jerry give her the controlling block of his shares? What happened to her and her shares if she is history? I missed that PR.
You should only believe in management's projects if they are right for the company and are actually happening, not because you have a lot of shares and its your only hope. Good Luck to all that are in. Keep in mind the present management has always been the management. They are just missing Jerry, everyone else is the same.
I wouldn't call them bashers. Just people that have seen this company create the same lies several times over the last several years. Watched this fall from .32 to where it is today. Constantly watching the pumpers pump with fake news that never works out. Just look back at all the talk of China, India, Canada, Native American spring water, energy shots, among other things that never happen or never sell if they do happen. Then look at the financial statements over the past several years. You don't need any more proof than the 10-q reports.
Is it bashing, or just being honest?
This was subpenny less than a month ago. A few pumping campaigns have brought it out of subpenny (talk of Mexico deal), but when the quarterly report comes out on 2/15, I personally believe it will go back to subpenny. They are trying to release reports stating not to pay attention to the next quarterly report and that profits will come later in the year. But they said the same thing last January with the China deal that never happened. They said the same thing the year before that when they stated "1000s of new distributors, huge production run coming". Its the same story, same ol song and dance. Good stock "at the moment" for day trading, but horrible for investing. That's my humble opinion. Just look at a yearly chart.
Can I get my shares at the same price that they pay? I believe they all acquired those shares at .003, instead of .02 like everyone else. If I can get them at that price and turn around and sell at .02 for about 500%, I'd buy too. But we can't really copy them and get those prices, can we?
I thought Gerry parted with the company when he stepped down from his CEO spot? Its hard to keep up with all the changes here.
This wouldn't surprise me. CNN had their reporters in CO smoking weed on TV new years eve night (that's why everyone believes everything on CNN, hahaha). Could maybe have been an RMHB product in the background or something.
The exact same thing was said about the deal in Canada, India, and China. But I'm sure this time it will work out, lol GLTA and keep an eye on those quarterly reports. Last quarter they spent over 600K to make about 40K. They made 24K at a cost of 1.4 mil on the Oct-Dec quarter last year, will be fun to see how they do this year.
Being as it opened close to the high of the day and closed around the low of the day, I see another drop coming tomorrow based on the sentiment. JMHO
Its very easy to get double digit moves on a subpenny stock. 18 hundredths of a penny isn't much to get excited about. I'm sure the longs don't care about a move from .006 to .0078. They've still lost their investment. Only day traders will care about such a move and are the only ones crazy enough to buy. IMO
What specifically did he do that would make someone think that? Why is it not the fact that they couldn't sell their products long before Kevin's arrival? Nothing ever panned out before their arrival. The company only had 24K in sales in one of their quarterly statements only a year ago. Their job was to revive the company. The problem is that no one can revive the company because the public has spoken that they don't want the product.
The problem is that none of those plans were real. They were just part of a press release to get the price per share higher so they could make more money selling their shares. That's why if you follow the history of press releases for this company, you'll see that nothing they say ever actually happens. Grisaffi knew that new press releases weren't getting any results anymore, so he bailed. That's my opinion.
I missed that PR. Which 7 casinos are selling the water?
I thought this is what Gerry David and Kevin Harrington were supposed to do? But they took their shares and left running before anything was done. I wonder if it will be different this time. lol JMHO
Its not hard to move 10% when you're sitting under $.02. Still almost 90% drop from where it was earlier this year. At least they have 1 customer.
It is said that when they go to the NASDAQ they'll be able to provide audited financials to attract more investors, but aren't they providing audited financials now? Isn't that what we're currently waiting on?
We've been told that RMHB is already a fully reporting company and provides audited financials. Is that not correct?