Replies to post #64060 on Rocky Mountain High Brands Inc (RMHB)

[oilsleuth]

What a pathetic response to a seriously reasoned post.

But they released the audited financials which was said it would not get released

[pitts77h]

Yes, and how awful they are! Jerry gave away 12.6 MILLION worth of stock to himself and his crew! That's disgusting. He lied at each and every turn. Have you seen my post comparing what he said in July with what the auditors say REALLY happened?

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=119422551

Income Statement

Revenue
-What they told you: $798,790
-What the audit says: $489,849
Difference: $308,941

Gross Profit
-What they told you: $370,383
-What the audit says: $277,391
Difference: $92,992

General & Administrative Expenses
-What they told you: $319,524 (Travel+Legal+Administrative)
-What the audit says: $2,439,302
Difference: $2,119,778

Advertising & Marketing Expenses
-What they told you: $459,387 (Marketing+Rhino+Consulting)
-What the audit says: $739,145
Difference: $279,758

Interest Expenses
-What they told you: $0
-What the audit says: $1,090,285
Difference: $1,090,285

Goodwill Impairment
-What they told you:$0
-What the audit says:$ 1,024,358
Difference: $1,024,358

Total Operating Expenses
-What they told you: $778,911
-What the audit says: $4,202,804
Difference: $3,423,893

Net Loss from Operations
-What they told you: $408,529
-What the audit says: $3,925,413
Difference: $3,516,884

Other Expenses:
-What they told you: 0
-What the audit says: 12,698,789
Difference: $12,698,789

Total Net Loss:
-What they told you: 408,529
-What the audit says: 16,624,202
Difference: $16,215,673

Balance Sheet:

Assets
Accounts Receivable
-What they told you: $406,190
-What the audit says: $132,201
Difference: $273,989

Inventory
-What they told you: $505,380
-What the audit says: $755,471
Difference: $250,091

Prepaid Expense
-What they told you: $0
-What the audit says: $988,026
Difference: $988,026

Total Other Assets
-What they told you: $143,724 (Fixed +Total Other Assets)
-What the audit says: $14,687
Difference: $129,037

Liabilities
Accounts Payable
-What they told you: $24,961
-What the audit says: $193,013
Difference: $168,052

Accrued Interest
-What they told you: $0
-What the audit says: $121,457
Difference: $121,457

Derivative Liability
-What they told you: $0
-What the audit says: $ 11,504,057
Difference: $11,504,057

Total Current Liabilities
-What they told you: $1,538,194
-What the audit says: $13,163,468
Difference: $11,625,274

Stockholders Deficit
Accumulated Deficit
-What they told you: $2,160,535
-What the audit says: $19,204,108
Difference: $17,043,573

Cash Flow Statement

Stock Based Compensation
-What they told you: $0
-What the audit says: $2,339,353
Difference: $2,339,353

Non-cash Interest Expense (i.e shares issued)
-What they told you: $ 197,922
-What the audit says: $1,089,909
Difference: $891,987

Impairment of goodwill
-What they told you: $0
-What the audit says: $1,024,358
Difference: $1,024,358

Net Cash used in operating activities
-What they told you: $385,869
-What the audit says: $1,385,001
Difference: $999,132