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Posted On: 05/16/2017 7:49:18 AM
Post# of 75087
A potential concern that some may be wondering about is when Mrs. Li and her deep pockets will cover major costs in the future.
"Future Liquidity Requirements
The anticipated operational shortfall for the next twelve months is $1,200,000. For the next two years, we anticipate cash needs to be between $2,000,000 and $5,000,000. We anticipate raising the required capital through a blank check preferred stock, as authorized by the Company’s Articles of Incorporation. We plan to establish a new class of preferred stock and raise up to $5,000,000 under a Rule 506 subscription agreement."
Roger Wilco and Adirondackhi, could you provide your insight, knowledge, and incredible ability in analyzing the above information retrieved from yesterdays financials? I know some shareholders would appreciate your ability to explain to us what's going on.
GO RMHB GO!
"Future Liquidity Requirements
The anticipated operational shortfall for the next twelve months is $1,200,000. For the next two years, we anticipate cash needs to be between $2,000,000 and $5,000,000. We anticipate raising the required capital through a blank check preferred stock, as authorized by the Company’s Articles of Incorporation. We plan to establish a new class of preferred stock and raise up to $5,000,000 under a Rule 506 subscription agreement."
Roger Wilco and Adirondackhi, could you provide your insight, knowledge, and incredible ability in analyzing the above information retrieved from yesterdays financials? I know some shareholders would appreciate your ability to explain to us what's going on.
GO RMHB GO!
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