He was very direct and to the point. We had numerous exchanges over a period of days. If you believe the LOI was legit, you can believe that there is no new LOI, P.O., or 8-K covering the deal.
The initial LOI is null and void, as we all know, as of Oct. 2, 2016. If you don't believe Jerry, check the SEC for a new 8-K, which is mandated for such material events. I doubt with all the trouble and expense to get "fully reporting" that they would start blowing off the SEC now right?
Why is it so difficult to believe that the deal didn't happen after the DD was conducted? Who would pay $3.5 million to get $20 million in debt and only $89,000 in monthly sales of a product that is NOT IP protected? I checked with one of my business friends and he said his company could do a hemp infused beverage for a few hundred thousand dollars, tops.
A company buys another company either because they have strong sales, a proprietary product (IP protected), or both. RMHB has neither.
Enjoy the little bump that RMHB is getting because of the MJ surge and sell just before or after the Nov. 8 election. RMHB will tumble back to earth because it isn't a true MJ play so after the election it will settle at its natural level.
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