Back home from Texas - had a great trip down for race - I didn't get a chance to stop by RMHB till yesterday morning. Dave Seeberger gave us a few minutes at HQ. The new digs off LBJ freeway a big step up from the spartan offices they had downtown. I'll list a few topics we covered while there:
Their focus as well as goals are now solidly behind branding -distribution of RMHB beverages across North America. As far as alcohol bev it sounded like that will be back in play once we've gained solid traction in the bev market.
This past weekend the production run was completed and product is in transportation . Canning took place in Tenn and we had gotten pushed back in que by a 1mm case order that jumped in front of us. ( may that be RMHB someday )
Wasn't quite clear regarding India but sounded like the distributor was the one making headway there.
Just completing artwork/ graphics for the bi-lingual cans for Canada and that 1mm can run should commence next couple weeks. Canada wants only the leaf can. Dave did mention that end result in USA will hopefully end up all leaf cans down road too once major distributors feel the US population is tolerant and educated vs the snowflake can.
No definitive time when in 2016 when we switch to 16oz products which we all know will be product friendly as well as consumer friendly with lower costs.
Before I got to ask about the audited financials - Dave asked how is public perception with delayed audit coming - plain English told him not well with the continued delays. He said that they feel the delayed pain just like us and he described it as more or less a forensics audit where just besides the #'s they look at a multitude of other things - checking behind every rock and tree and Paritz won't sign off till they are 100% satisfied with their report or risk their company rushing the completed audit - but again any day. I then asked when completed can we look for a possible upgrade off the pinks roughly 60 days time frame after. He smiled and stated Dave you sure have done your homework on us and said he legally couldn't answer but if I read the Sec form they'll file for up listing upon completed audit I should find my answer.
The quarterly financials will be released next Mon the 16'th due to the 15'th being Sunday.
What I found quite interesting was dealings with 7/11 -- they are just completing taste tests with 7/11 management for consideration of product placement.. This IMHO is a big one as after my research if we can capture 7/11 even with only a 5 can a day sale at each 7/11 that acct alone worth over 250K cans sales per day
{ 7‑Eleven, Inc. is the world's largest convenience store chain operating, franchising and licensing more than 56,600 stores in 18 countries, of which nearly 10,500 are in North America. The company has more outlets than any other retailer or food service provider.}
The one question I forgot to ask was would they ever consider a retail investor for a possible board seat going forward as I've seen this work well with co's allowing retail a seat for an unbiased viewpoint that needs to be considered.
To sum up -- we are definitely on right track - no more irons trying to gain capture product sales in all potential avenues. They are sticking to "Hemp" roots - Capture brand identity as well as sales in NA Then we can pursue different growth avenues. The new hires marketing should help pave way for stores to open doors our way. We are just coming out of incubation phase. I look forward to this stock currently like a newborn child starting to crawl . We soon should be taking our 1st steps to try standing up and walking - If patience given we'll be running on an unlisted board sometime 2016
I walked away somewhat satisfied with answers - grateful they shared with us personal time. Dave said Dave (BTW we both have same name) If we remain investors we will be handsomely rewarded and suggested as he legally couldn't say we're headed up near term - but we'd be remiss if we didn't allow them time to complete their business model and that's Namely getting brand name recognition and sales in NA. The snowflake cans that will be distributed via major distribution channels ( aka they don't like being called big boxes ) will be potential huge can runs for us.
There was an event also in Texas last week that Jerry attended - sounded like Jerry might of been offered a small roll in a movie and not confirmed just might be the Rocky Mountain High Movie now being filmed that also might be a home-run for RMHB with advertising
I'm in long and strong and will add on drops if my cash allows - been punished other stocks while away. Told Dave ok ya can relax till next April till I'm back out for next race before my next grilling
He said I'll be a happy camper come April
Rock on RMHB
Dadon_111
PS was and awesome trip Tx -- mid 60's most of week and race was awesome Jr had a solid 6th and Jimmy Johnson waited right till the end to snatch that victory.
Their focus as well as goals are now solidly behind branding -distribution of RMHB beverages across North America. As far as alcohol bev it sounded like that will be back in play once we've gained solid traction in the bev market.
This past weekend the production run was completed and product is in transportation . Canning took place in Tenn and we had gotten pushed back in que by a 1mm case order that jumped in front of us. ( may that be RMHB someday )
Wasn't quite clear regarding India but sounded like the distributor was the one making headway there.
Just completing artwork/ graphics for the bi-lingual cans for Canada and that 1mm can run should commence next couple weeks. Canada wants only the leaf can. Dave did mention that end result in USA will hopefully end up all leaf cans down road too once major distributors feel the US population is tolerant and educated vs the snowflake can.
No definitive time when in 2016 when we switch to 16oz products which we all know will be product friendly as well as consumer friendly with lower costs.
Before I got to ask about the audited financials - Dave asked how is public perception with delayed audit coming - plain English told him not well with the continued delays. He said that they feel the delayed pain just like us and he described it as more or less a forensics audit where just besides the #'s they look at a multitude of other things - checking behind every rock and tree and Paritz won't sign off till they are 100% satisfied with their report or risk their company rushing the completed audit - but again any day. I then asked when completed can we look for a possible upgrade off the pinks roughly 60 days time frame after. He smiled and stated Dave you sure have done your homework on us and said he legally couldn't answer but if I read the Sec form they'll file for up listing upon completed audit I should find my answer.
The quarterly financials will be released next Mon the 16'th due to the 15'th being Sunday.
What I found quite interesting was dealings with 7/11 -- they are just completing taste tests with 7/11 management for consideration of product placement.. This IMHO is a big one as after my research if we can capture 7/11 even with only a 5 can a day sale at each 7/11 that acct alone worth over 250K cans sales per day
{ 7‑Eleven, Inc. is the world's largest convenience store chain operating, franchising and licensing more than 56,600 stores in 18 countries, of which nearly 10,500 are in North America. The company has more outlets than any other retailer or food service provider.}
The one question I forgot to ask was would they ever consider a retail investor for a possible board seat going forward as I've seen this work well with co's allowing retail a seat for an unbiased viewpoint that needs to be considered.
To sum up -- we are definitely on right track - no more irons trying to gain capture product sales in all potential avenues. They are sticking to "Hemp" roots - Capture brand identity as well as sales in NA Then we can pursue different growth avenues. The new hires marketing should help pave way for stores to open doors our way. We are just coming out of incubation phase. I look forward to this stock currently like a newborn child starting to crawl . We soon should be taking our 1st steps to try standing up and walking - If patience given we'll be running on an unlisted board sometime 2016
I walked away somewhat satisfied with answers - grateful they shared with us personal time. Dave said Dave (BTW we both have same name) If we remain investors we will be handsomely rewarded and suggested as he legally couldn't say we're headed up near term - but we'd be remiss if we didn't allow them time to complete their business model and that's Namely getting brand name recognition and sales in NA. The snowflake cans that will be distributed via major distribution channels ( aka they don't like being called big boxes ) will be potential huge can runs for us.
There was an event also in Texas last week that Jerry attended - sounded like Jerry might of been offered a small roll in a movie and not confirmed just might be the Rocky Mountain High Movie now being filmed that also might be a home-run for RMHB with advertising
I'm in long and strong and will add on drops if my cash allows - been punished other stocks while away. Told Dave ok ya can relax till next April till I'm back out for next race before my next grilling
He said I'll be a happy camper come April Rock on RMHB
Dadon_111
PS was and awesome trip Tx -- mid 60's most of week and race was awesome Jr had a solid 6th and Jimmy Johnson waited right till the end to snatch that victory.
