This is what i read on hotstocke..On June 30, for example, RMHB's management team calculated that the outstanding amount under various convertible notes stands at about $1.5 million (or 98% of the total current liabilities). Then, however, they decided not to tell their shareholders what the conversion terms are which means that people can't properly assess the risk of potential dilution.
What they can do is open the Nevada Secretary of State website and see that last week RMHB lifted the number of authorized shares from 600 million to 800 million. Then, they can ponder why the company failed to disclose this action in any of its press releases or filings.. Could this stop the audited process
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