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RMHB engaged in deceptive advertising today, trying to pass off a scripted bunch of nonsense as an important analysis by "Goldman". Yeah, Ron Goldman, who has no ties to Goldman Sachs what so ever. Just more typical slimy, sleezy attempts at a PR, and does not rise to the level of legitimate advertising. Not even close.
Yes, it went up 8 one hundredths of a penny. In a thousand years, you'll have real money!
You need to read all the way to the end. This was a SPONSORED report. In other words, RMHB paid him to write this. The hemp infused beverages produced by RMHB have never been popular. Need proof? Look at their financial reporting over the last 3 years. Zero profits.
So, that was a month ago that they switched beverage content. Still no word on whether the funds have been released to RMHB, or the date of a production run, or a shipment date. They also still refuse to give further information regarding this mysterious company called CBD Alimentos SA de CV, that nobody seems to be able to find on line. IMHO, this announcement lacks anything substantial.
The really big news hidden in this announcement, was not a word about the huge "Mexican Deal". Guess we can throw that one into the BS can along with Canada, India, China, etc.
THEY DON'T HAVE A CHOICE. PER THEIR FINANCIAL FILINGS, RMHB DOES NOT HAVE ENOUGH CASH TO PAY THEM.
Will that be before or after they do a 1 for 125 reverse split?
Nice words until you actually try and contact them for information and they never reply. I've contacted them NUMEROUS TIMES, trying to get information regarding the company listed in the Mexican deal, and they will not respond. Given the track record of this company, and the scams that they've perpetuated regarding deals with Canada, China, 7-11, etc., I am left to believe this is nothing more than another pump and dump scam.
I just PM'd CEO Michael Welch the following....
"I know you won't make announcements "on demand", but I have been trying to get the web address of this mexican company for at least 2 months from your corporate web page, with no results. So, is this yet another Canada, India, China, 7-11 disappointment?"
They haven't responded to me in months, but I thought, "hey, lets give them another try to come clean!"
I think we know how this will turn out. Stony silence!
Several on the other board are now posting about no longer being able to get a response from RMHB CEO Welch. Gee, what a surprise!
I just checked the RMHB corporate page. There is no longer any mention of the "Mexico deal" !
http://rockymountainhighbrands.com/news/
However, it's the very thing that is sinking the RMHB ship. Real, meaningful investors look at the fact that RMHB has 1.2 BILLION outstanding shares, with over 3X that amount authorized, and they know that a HUGE reverse split will be coming in the future. The more shares they print, the bigger the coming reverse split. There is no way around this.
No, but the company where he is CEO, President, and Chairman of the Board can, and has, to the tune of over 1.1 BILLION shares. No startup can exist very long with that many outstanding shares. Look at comparable companies (Celsius for example) They have far less than 100 million shares. Do you know what it would cost to buy back one billion shares at $0.05 pps? FIFTY MILLION DOLLARS!!! There is no way that RMHB goes forward with out a HUGE reverse split. And why won't they show us the web page for this so called company in Mexico that I have requested from them at least 5 times since the announcement. By looking on our own, we have found similar sounding companies, but not the one listed in the 8k. If they listed the wrong company in the 8k, then they MUST file an amendment. But there is no company is there? This is Canada, India, China, and 7-11 all over again.
RMHB has had so much dilution, that they now have over 1.1 BILLION outstanding shares. Anyone can see that this will require a huge reverse split. Just to get it down to 100 million shares, which is still too many for an OTC start up, they will have to have a 1 for 110 shares reverse split. To see how that will effect you, take the number of shares of RMHB that you own, and divide it by 110. That's what you'll be left with. There are those on the other board, that will try to tell you that when the KYSON comes through, and it goes to the moon, they will buy back those outstanding shares. Well, in order to buy back 1 billion shares, at $0.05 pps, would cost the company $50,000,000. I am 110% certain that RMHB would find that it would be in their best interests, to do a massive reverse split. In other words, there is no way that this is going to end well.
On January 16th, CEO Welch authorized another 250,000,000 shares of RMHB. Common stock shares are the only product in production at RMHB. IT'S THEIR ONLY SOURCE OF REVENUE!
And this is the company that you see ordering 16 million cans of RMHB per year? Grasping at straws much?
Except that is not the company listed in the 8k filing.
Last I heard, Gerry David was supposed to be one of the new saviors of RMHB. Now he seems to be in direct competition with their high alkaline spring water.
No, but their cousins, in-laws, ect., can buy and sell for them. Don't believe me? Check out the Radcliff family in the RMHB lawsuit. Oh, and by the way, Welch was CEO when all of that shady crap was going on, too!
I have tried since the announcement was made, to get RMHB to supply a website for this Mexican company, since online searches come back empty, I have used every method I can think of to contact RMHB corporate, requesting this information. To date, absolutely no reply. So, yeah, chalk this up with the Canada, India, China BS stories. If this was real, RMHB would have gladly given me the contact information.
Well, now, that's not quite true. They did receive an order for 27 million more shares of common stock from the company officers!
Well, people sometimes win when they go to Vegas. But there is no way that you can develop an algorithm that will accurately predict the pps of a company that has absolutely NO FUNDAMENTALS.
Charts don't work on a penny stock company with no product, no revenue stream, toxic financing, and massive dilution!
Excellent post, Bradenhead!
I would think that for a publicly traded company, products, or the lack thereof, should be the main focus!
How can I list the products that they don't have. Your request doesn't seem to make any sense.
This company has no products to sell, and it's financing comes from stock dilution. Any upswing in the pps is coming from pump and dump.
The point is, RMHB is not going to trade higher just because recreational marijuana is now legal in California, since it has nothing to do with that market. And seeing as how at this point, they don't even have a product, I would expect the pps to drop accordingly.
From numerous RMHB announcements _ "Rocky Mountain High Brands, Inc. (OTCQB:RMHB), a fully reporting consumer goods company specializing in brand development of health conscious, hemp-infused food and beverage products and a naturally high alkaline spring water "
They are NOT a marijuana stock.
Since they have no product at the moment, I find that highly unlikely.
Lily Li is a fraud and a criminal. The ongoing SEC investigation regarding RMHB will land her in federal prison along with Grifter Grisaffi, and their little puppet, Michael Welch. To say that the China water deal is still a possibility is beyond belief!!
Michael Welch was also CEO when RMHB was lying and cheating investors with wild stories of huge pending sales to China. He's as dirty as Grisaffi and Li.
Have you even tried to find a website for the company listed in the SEC filing. We'll I have, and there is no listing. I have pm'd RMHB asking for a web address, and they have ignored my request.
I've had a PM into corporate for days, asking for a website for the company. Still no response.
At 2 cents per share, in order to buy back 700 million shares, it would cost them $14,000,000. Somehow, I just don't see them having that much spare change laying around to spend on a buy back.
You've been consistently wrong about this stock for over 2 years. And since the stock is at it's lowest run in over 2 years, I'd say the shorts have been consistently kicking your tail!
Not until they do a reverse split of at least 1 for 100.
With the current share structure of 896 million shares outstanding, there is no way that RMHB can go very high at all. $0.10 pps would give it a market cap of almost $90,000,000. That isn't even a little bit realistic.
I wouldn't call $800k big bucks. That is the most that RMHB can make on this order.
From the 8k, addendum A, filed 12/15/17....
" b. Company will endeavor to work in good faith that the manufacturing costs are competitive. Distributor price for the Goods will be the actual costs of the manufacturing process, ingredients, raw materials, freight including freight insurance, brokerage fees, Manufacturing Loss as set forth herein above in the agreement, Company's margin of $.05 USD per can and any approved miscellaneous costs that may be incurred by the Company in the production of the Goods. Company agrees, in the spirit of mutual trust, goodwill and cooperation, to put forth its best efforts to achieve a cost of $.45 USD per can
I guess it's OK when compared to the profits made by Grissafi and Li.