Figuring out how to say "We're a scam and our insiders will sell gozillions of free shares to enrich themselves for as long as they can get away with it" without using those exact words.
We will require significant additional capital to execute on our business development plans. We intend to seek additional funds through private placements of our common stock or other securities.
Our ability to continue as a business and implement our business plan will depend on our ability to raise sufficient funds.
even though many companies are selling food items enhanced with Cannabidiol (CBD), the legal status of CBD for use in food is uncertain. In July 2018, the Department of Public Health of the State of California issued a directive stating that CBD derived from industrial hemp, as is used in products like our ENDO Water line, is not approved for use in human or pet food.
shareholders will experience dilution of their ownership percentage...This may, in turn, result in a substantial decrease in the per-share value of your common stock.
FINRA sales practice requirements may limit a stockholder’s ability to buy and sell our stock, investors may not be able to sell their stock should they desire to do so.
During the year ended March 31, 2018, we generated revenue of $9,343... Our net loss for the year ended March 31, 2017 was $2,938,279.
we issued a total of 4,025,000 shares of common stock to fifteen investors for proceeds of $445,000.
we received $125,000 in financing from investor Alain Salem under a Convertible Promissory Note. The Note bears interest at a rate of twelve percent (12%) per year, and is due in six months. The Note is convertible to shares of our common stock at a price equal to 50% of the market price
we intend to fund operations through debt and/or equity financing arrangements
We have experienced recurring losses from operations and had an accumulated deficit of $4,100,945 as of March 31, 2018... our auditor has raised substantial doubt about our ability to continue as a going concern.
Prepaid stock compensation $1,222,973 Net loss $804,146 Accumulated deficit $4,100,945 Proceeds from issuances of common stock $445,000
Daniel Crawford, the holder of 10,000,000 shares of Series A Preferred Stock in Humbly Hemp, exchanged all of his shares of preferred stock in Humbly Hemp for 5,000,000 shares of our newly-designated Series A Preferred Stock in Right On Brands. Our new Series A Preferred Stock is convertible to Right On Brands’ common stock at a rate of five (5) shares for every share held and votes together with our common stock at a rate of sixteen (16) votes for every share held
As of March 31, 2018, the Company has invested $101,470 in {Humble Water Company} and no significant activity has occurred during the year ended March 31, 2018.
Management intends to raise additional funds by way of additional public and/or private offerings of its stock.
As of March 31, 2018, our total investment into Spring Hill to date was $101,470. During the year ended March 31, 2018, there have been no significant operations or expenditures
the Company agreed to allow four unrelated noteholders holding a total of $129,549 in debt to convert into 5,000,000 shares of common stock which is a conversion rate of approximately $0.03 per share.
the Company extinguished $129,549 of debt in exchange for 5,000,000 shares of newly issued common stock.
the Company issued a convertible promissory note... convertible at $0.01 per share ...converted into 500,000 shares of common stock. ...converted into 441,118 shares of common stock. ...converted into 700,000 shares of common stock. ...converted into 209,666 shares of common stock.
the Company issued a total of 4,200,000 shares of common stock to three lenders for the extinguishment of debt.
the Company issued a total of 1,350,000 shares of common stock
the Company issued a total of 4,025,000 shares of common stock
the Company issued a total of 1,850,784 shares of common stock
the Company issued a total of 7,452,500 shares of common stock
the Company sold 40,000 units consisting of 40,000 shares of common stock, 40,000 warrants
the Company executed a convertible promissory note for $125,000 with a lender that is a shareholder of the Company. The note bears interest at 12% per annum with default interest at 24% per annum and is due in 6 months. The note is convertible at a discount of 50% of the market price based on the average of the two lowest daily trading prices over the last 20 day trading period.
