Posted On: 02/10/2016 1:03:35 PM
Post# of 75389
Also very important. From Tom Shuman....
"Equity dilution on the balance sheet was driven by speculative convertible debt financing.
Early stage start-up OTC Pink public companies, such as RMHB, are speculative investments; therefore venture investors that finance these companies often require sizable opportunities for equity ownership in the firm. With the initial convertible debt funding,
RMHB executed inventory production across two labeling strategies to cover all target channels.
The Company generated enough revenue to pay off some of the initial debt financing and restructure the rest of the debt. This capital restructuring is benefiting the Company in discussions with its next round of investment partners. The early and aggressive attention to pay down the convertible debt is also reflective of our stewardship to all long-term investors in RMHB."
"Equity dilution on the balance sheet was driven by speculative convertible debt financing.
Early stage start-up OTC Pink public companies, such as RMHB, are speculative investments; therefore venture investors that finance these companies often require sizable opportunities for equity ownership in the firm. With the initial convertible debt funding,
RMHB executed inventory production across two labeling strategies to cover all target channels.
The Company generated enough revenue to pay off some of the initial debt financing and restructure the rest of the debt. This capital restructuring is benefiting the Company in discussions with its next round of investment partners. The early and aggressive attention to pay down the convertible debt is also reflective of our stewardship to all long-term investors in RMHB."
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