I have tasted and I love them, especially the lemonade, black tea, and Mango energy shots. However now they are changing. This is no longer the same product or investment. I have to start from scratch here. I was lucky to make a small profit and got out at 8.8 cents. But forget that. Forget the great location of the old Friar Tuck Inn, no longer going to happen. Forget everything before the conference call on August 15, 2017 including the great products but horrible financials. Too bad they just couldn't work on the financials and marketing without changing the products for starters anyway.
This is now the new Rocky Mountain High Brands. Totally different tasting products soon. Soon the older products will no longer be available. Some flavors will be different tasting, some additional new flavors will be available, and some will be gone. There will unfortunately be smaller cans, different value, and new management running the show. All that information IMHO I derived from the conference call on August 15.
Will I personally like it, probably not, but who knows. However, it's not about me, it's about the revenue. As of now I was a customer and a shareholder. I will probably buy their existing products one more time, before they are all gone.
As an investor, I still have my eye on this, possible future plans to get back in, but no way am I going to get back in right now. How low will this go? When should I get back in if I decide to?
Well those questions are the key to profiting from this. Obviously I should decide to get back in when this is at it's lowest. This will be at it's lowest right before the confidence has been restored. That will happen only if Kevin Harrington can prove he has a product that sells after all the changes he wants to make (which I have doubts on, he should just leave it alone).
However, I am confident that if he can come up with a great product (like they currently have), that he would be great with the marketing and financials. Not sure what he didn't like about the old Friar Tuck Inn location. Looking forward to seeing what locations he chooses for distribution and processing centers.
Bottom line, I would love to hear that he has decided not to change ingredients, and sizes of existing products. I think if that ever happened I would jump right back in, even with the chance of another dilution. For now, just standing on the sidelines most of the time, reading some of the great posts :)
