Rocky Mountain High Brands Inc (RMHB)

[pitts77h]

Yes, it is definitely a "Virtual Office." Jerry gets very upset whenever that's pointed out, but it is unarguable.

It's right here, on Jerry's own SEC filing:

https://www.sec.gov/Archives/edgar/data/1670869/000166357716000330/mainbody.htm

Rocky Mountain High Brands, Inc.
(Exact name of registrant as specified in its charter)

9101 LBJ Freeway, Suite 200, Dallas, TX 75243
(Address of principal executive offices) (Zip code)

Here's the website for the Virtual Office, located at the exact same address:

https://liquidspace.com/US/TX/dallas/conference-room-at-interchange-building

Interchange Building
9101 LBJ Fwy, Suite 200, Dallas, TX 75243

now, why would Jerry lie about something so easily proven to be a lie? Well, perhaps because he claims he's spending over $16,000 per month on RENT.

What if that was a lie? Where's the money going?

He has no other way to explain this section of the annual report?

As of June 30, 2016, we leased approximately 4,000 square feet of office space at 9101 LBJ Freeway, Suite 200, Dallas, TX 75243. Our premises were leased for a monthly cost of $6,020. On May 11, 2016, we executed a new lease for the existing space and 2,172 square feet of additional space at the same address for a three-year term beginning July 1, 2016 and terminating on June 30, 2019. Due to the landlord’s inability to make the additional space ready for us as of July 1, we were not able to commence the new lease until September 2016. The lease that was due to expire on June 30 was extended on a month-to-month basis until September. Lease payments under the lease are as follows:


Lease Period Base Rent (monthly)
9/1/2016 to 8/31/2017 $7,715.00

Hummm Jerry's leasing 6,172 square feet of office space.. for $7,715 a MONTH? But wait.. there's MORE!!

The Company leases the following warehouse space on a month to month basis:


• DFW Distribution, Dallas and Mesquite, Texas – we currently lease warehouse space for RMHB beverages on a month-to-month basis at two separate locations in the Dallas area from DFW Distribution for a total of 12,000 square feet. The monthly cost is approximately $7,000 per month.

• WaterEvent, Carrollton, Texas – we currently lease approximately 1,200 square feet for both RMHB beverages and Smarterita inventory for approximately $1,400 per month. Since Smarterita has alcoholic content, we are required to store it at an FDA approved facility.

Jerry's spending over $16,000 per month on RENT.

Does anyone really believe that?

Look gain at the Carrollton item. He claims he's leasing space for Smarterita? Seriously? He wrote that entire purchase off a YEAR ago. Never sold a single drop of the crap, if it did in fact ever exist. Now he needs an FDA approved warehouse to STORE it?

The Company initially considered entering into the markets served by Smarterita, LLC, but decided to refocus its efforts on other business opportunities. As of June 30, 2015, the full amount of goodwill acquired has been impaired. Smarterita, LLC did not have any revenues prior to the acquisition and minimal operating expenses.

This really smells to high heaven.