Rocky Mountain High Brands Inc (RMHB)

[oilsleuth]

The letter from attorney Joe Laxague of The Crone Law Group P.C. basically resolves into an opinion that (i) the unaudited reports released by RMHB meet all the disclosure required to maintain Pink Limited Information class of listing with OTC Markets, and (ii) RMHB is not an inactive shell company but it operates a genuine business.

I don't see there is any reason given in the letter that RMHB should move beyond its Pink Limited Information listing. The letter does not press that having fulfilled its reporting requirements (albeit unaudited) a move to a higher listing is justified.

I did not know of the changes of rules for OTC Markets listings you have pointed to that will be considerably more onerous for small fry companies like RMHB. However, I take it from what you say that there is not necessarily anything stopping them growing if they are well run (although access to funding could be more difficult?) and shareholders still stand to benefit as reflected by the share prices (providing they can buy/sell their shares which you say now looks more difficult). Where they perform sufficiently well there is still the possibility of being taken over by a larger entity.