Rocky Mountain High Brands Inc (RMHB)

[oilsleuth]

From the other board:


Speaking of financial reports Adi, this summary of the June Quarter results has been posted here a number of times and has always been deleted. It did not show the company to be growing. Something sure smells fishy about the sleazy moderators. You might also notice the pps touched a new low of 0.0026 today. Hardly a good sign that it's on the way to becoming "world class" (an earlier pump of yours).


Some significant results from the amended 2024 June Quarter (unaudited):
https://www.otcmarkets.com/otcapi/company/fin...29/content

Sales $466,041 (March Quarter $659,820)

Cost of sales $94,024

Gross Profit/Loss $372,017

General and administrative expenses $525,500

Gain/(loss) from operations ($153,483)

Cash on hand Nil (with no cash equivalents)

Accounts receivable - net $372,204
Accounts payable and accrued expenses $3,196,661


"RMP is targeting revenue of over $1,300,000 per month by May or June 2024." Huh? Management is apparently asleep at the wheel as they haven't removed this earlier (hopelessly failed) prediction from the June Quarterly.

See p.26 for other instances where statements are made referring to activities well prior to the June Quarter. It seems that while the numbers have been appropriately changed the text has not been properly reviewed and updated before release. Such sloppiness is hardly indicative of a well run Company.

At June 30 there were no finished goods in Inventory.

For the six months ended June 30 2024 the Company had a Net loss from operations of $351,141

"Management’s strategic plans include the following:
• Pursuing additional capital raising opportunities (debt or equity)"
With 3 billion Authorized Shares (Outstanding Shares 899,466,003) more dilution can be anticipated?

They are still pursuing Jerry Grisaffi for the legal judgement against him but he doesn't seem too keen on paying up.