Replies to post #66176 on Rocky Mountain High Brands Inc (RMHB)

[pitts77h]

Yes, we know.

The court did wipe out debt.

Perhaps you missed the original claim to which CA is replying: "most of [RMHB's] debt is from the previous 2 business ventures that didn't work out. RMHB is forced to include them in their audited financial statesments [sic]."

Obviously, you agree with us that such a claim is ridiculous. RMHB is not carrying any debt from Jerry's several previous failures, right?

I thought is was particularly nasty of Jerry to file a false 1099 with the IRS, claiming Welch was paid $2.5 million.

What absolute sleazeballs these people are.

http://www.scribd.com/doc/218708599/Republic-of-Texas-Brands-Inc-BK-13-36434-Doc-53-Filed-16-Apr-14

The Debtor [i.e. Jerry Grisaffi and RTXB] shall on the Final Confirmation Date pay the Empire Group $50,000 in cash and shall deliver 2,000,000 shares of freely tradeable stock in the Debtor to the Empire Group.

The Debtor agrees that it, and its transfer agent, will cooperate with clearing any stock issued to the Empire Group under this Plan or any stock previously issued to the Empire Group and retained under this Plan. The Debtor further agrees that it, and its transfer agent, will cooperate with all reasonable requests related to the transfer of any shares between members of the Empire Group or their affiliates or assigns. The Empire Group shall be responsible for determining the distribution of the $50,000 and the 2,000,000 shares between the members of the Empire Group.

Upon the Final Confirmation Date, Michael Welch shall return the 500,000,000 shares of Debtor’s stock in his possession or control back to the Debtor. The Debtor agrees to correct the 1099 it sent to Michael Welch for $2,500,000 for the 500,000,000 shares he is returning to the Debtor under this Plan. Further, the Debtor agrees to remove Michael Welch’s name from any of its corporate filings, accounts, and the like. The Debtor and the Empire Group shall execute such additional documents as are necessary to effectuate the Plan. The class 4 claims are impaired under this Plan.