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Posted On: 05/18/2018 11:58:49 AM
Post# of 75072
I think this 10-Q was a great starting point to a fantastic year. Management has been doing everything they have said so far. This is far more then what the previous management has done. Welch told us they had a plan to reduce currently liabilities. From December 31, 2017 to March 31, 2018, RMHB has reduced it's current liability by 71.06%! They also increased their cash by 3,320.75%! And their current assets by 62.79%! That's amazing!! If you look at their sales from the last 10-Q that gives us a total of $41,002 on Sept 30, 2017, that has increased by 24.16% since March 31, 2017. I mean this was the result of selling their older products/inventory to get ready for the new Hempd products. If we are getting that kind of results without any sales of new products, I could only image what the next few quarters are going to bring us. Especially with the Mexican deal progressing as we speak.
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