Rocky Mountain High Brands Inc (RMHB)

[2016beyond]

Rumor has it RMHB has consulted bankruptcy lawyers.

Based on the 10-K numbers, sales plummeting to $89,000 per month from over $120,000, debt load of $20 million, cost of sales more than doubling from 43% to 105%, $725,000 of unsold product they has to write off as waste because they couldn't sell, unable to provide cash flow to meet payroll, no national distribution, and more.

The rumors appear to be true.

Even the auditor who did the 10-K wrote that they don't think RMHB can continue as an ongoing business and they know this company better than any of us.

This company or umbrella of companies filed bankruptcy just two years ago. RMHB appears to be headed for bankruptcy in 2017 at the latest.

All data copied from the 10-K, including the auditor's warning.