Rocky Mountain High Brands Inc (RMHB)

[I-Glow]

Huge Accounting Problem in Form 10.

Well, ole Jerry is up to more VooDoo accounting that I am sure the SEC will love.

When the financials were audited we fin the following:

"(Gain)/Loss in change in fair value of derivative liability
For the year ending June 30, 2015, the Company issued convertible debt and warrants to raise working capital. Since the underlying derivative, the Company’s common stock, performed well during the year ending June 30, 2015, the calculation in fair value of the derivative liability resulted in a loss of $11,608,504."

"(Gain)/Loss in change in fair value of derivative liability
During the nine months ending March 31, 2016, the Company exchanged approximately $1.1 million in convertible debt to Series C preferred stock (See Roy Meadows Exchange Agreement in Exhibit 10.1). This transaction, coupled with a lower stock price for the Company’s common stock, resulted in a gain in the change of fair value of derivative liability of $11,370,870."

So ole Jerry is trying to convince investors that the derivative liability gained $22 Million in 9 Months.

IG