Yep...I am really winning...maybe if I was playing golf! I guess it all depends on where/when you took a position.
Let's play a hypothetical:
Earlier in the year when this stock was doing well it was trading at a little over 0.01...meaning a $100 investment would have bought 10K shares. Then, since the stock has been soooo impressive, and they are the only HEMP/CBD beverage in the market in Mexico (insert wha wha whaa sound effect), the share price fell to a whole 0.004...making the 10K shares worth $40. <<Sweet!>> But dont worry...a reverse split will come in and save the day! Now my 10K shares will only be 500, when all is said and done...CURRENTLY (barely) trading at the new, awesome price, of 0.12. I guess
I should look at the positive...the reverse split DID HELP...I no longer have $40...I have $60!
Just because it opened at 0.33 when it listed as RMHBD doesn't mean we should expect it to climb back to that point. I imagined green times when I first invested...since then it's been one empty promise after another. They are a BEVERAGE company and had an issue sourcing aluminum to make cans! Excuse followed by excuse. Shoot, look at the most recent one -- "we wouldn't have done this reverse split had we known we had to also do an audit." AND "we have to do this audit while also conducting day-to-day business."
Are you serious!?!
Granted it is good to see that their 2017 to 2018 sales more than doubled from 141K to 379K...what isn't good is their admin cost. They are still over 3.7M....OR ALMOST 10 TIMES SALES...and that doesn't include their recent, "top" VP of sales/distribution guy, Doug, who IMO should read bedtime stories.
