Rocky Mountain High Brands Inc (RMHB)

[pitts77h]

That analysis is so wildly wrong I hardly know where to begin.

Let's start with the treatment of RHMB's losses being valuable for any potential acquirer.

It's completely, absolutely and monumentally wrong. Think about it - by that reasoning, the more RMHB loses the more valuable it becomes. That's absurd. If that reasoning were correct, profitable companies would be buying fraudulent money losing penny stock scams, like this one, by the dozen in order to shield their taxable profits. They don't.

Why not? Well, the IRS is way ahead of you. Section 382 controls how tax losses are treated in business combinations, and it's apparent your analysis doesn't take into consideration what section says, or how it's applied, or what the applicable case law is.

Here's the actual section: 26 U.S. Code § 382 - Limitation on net operating loss carryforwards and certain built-in losses following ownership change

https://www.law.cornell.edu/uscode/text/26/382

The analysis of RMHB's losses is ludicrous.