Neil your right, when u research the company befor
Post# of 75003
Just for your info here is the announcement of Tom Shuman as new CEO
DALLAS, TX--(Marketwired - Jun 27, 2014) - Republic of Texas Brands, Inc. (PINKSHEETS: RTXBQ) Chapter 11 exit strategy is right on target with a new beverage industry executive Tom Shuman at the helm as the new CEO. The planned merger with CHILL Texas is a top priority as we exit voluntary Chapter 11 and details of the merger will be released after the Court formally approves the Bankruptcy plan as early as next week. The synergy created with the marketing of popular hemp based products CHILLO-energy drink and C-Swiss Iced Tea has opened a sizeable Texan customer base and will open the gateway for an easy entry of our own locally produced hemp-based Iced Tea drink. Tom Shuman's 30 years of beverage industry experience and countless marketing contacts with retailers such as Albertsons, Wal-Mart, Sam's Club and 7-Eleven will allow the product launch to be in many large beverage retailers hands right from the start.
"We have finalized our new Hemp Iced Tea drink formula with the bottler and we have decided to go with a slim line 12 ounce can that will provide the company with attractive profit margins while offering the consumer a competitively priced product. Our initial production run will be a beverage was ever pot minimum of 5,000 cases and we have finalized the can design with the marketing company who has done an excellent job designing the labeling on the new cans. We have already applied for the trademark of the new brand and we will announce the new name of the product as soon it has cleared the trademark office," states Tom Shuman, the new company CEO.
"We want to once again remind our shareholders that the share structure will be improved post Chapter 11 with a reduction of the Authorized Shares to 400,000,000 and the Outstanding Shares will be reduced to approximately 202,000,000 shares."
About Republic of Texas Brands Incorporated:
Our mission is to be the premier Hemp Beverage Company in the USA.
BLUF: before I invested with RMHB I researched this company in detailed especially since it was a penny stock but the real reason I invested in RMHB was not because of Jerry, Harry, or Tom it was because of the dream I had before the beverage was ever produced...
Today, I am proud to be a shareholder of RMHB which will be successful.