Replies to post #64237 on Rocky Mountain High Brands Inc (RMHB)

[bulls9999]

Wow, so proud that he won his little skirmish over the 'he said/she said they would never release them' with one or two people that stated that, but leaving out the bigger matter of the lies of the CEO in his earlier quarterlies in relation to the corrected information in the audited financials. Kind alike being brought to the IRS about incongruencies over millions of dollars in tax breaks when only having $100k in revenue but standing so proud while stating to the IRS official "but my $10 donation to the Girl Scouts is correct!!".

SHAMEFUL....what lies have ben hidden in the last 6 months that this AUDITED REPORT DOES NOT COVER?

Here's a guide to RMHB's astounding lies.

I've made a comparison between what Jerry said in the unaudited annual report he released in July, and the audited report just out.

Here's a link to the reports so you can follow along at home. Jerry's made the original embarrassing and deceitful annual report "inactive" on OTC Markets (I wonder why?) but the link still works:

"Inactive" annual report:
http://www.otcmarkets.com/financialReportViewer?symbol=RMHB&id=141543

Audited report:
http://www.otcmarkets.com/financialReportViewer?symbol=RMHB&id=149050

The differences are amazing. Jerry has LIED at every turn.

Look for yourself:

Income Statement:

Quote:
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:

Quote:
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 :

Quote:
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

[pitts77h]

Wrong. The "only purpose" was to PRETEND they were going to uplist.

The only purpose to release it was to uplist

We still have to see the necessary SEC filings.

[cyberbullymouse]

Then what was the purpose of the Form 15 that took them dark in the first place?

1 set of miserable financials does not cause an uplisting.