here's my analysis.
gross profit from june to sept 2015 is the same as it was from sept to dec 2015. what this means is that between june 2015 and dec 2015 sales have been at about the same pace for 6 months. All of those new retail outlets and added distributors that we hear so much about....none of that activity seems like it is included in this report ending in 2015. next quarter i would expect sales to be at a greater pace as they will include some of those 1000 retail outlets.
roy meadows was screwed. good for us. bad for him. quite comical actually. rmh issued 68 million shares of common stock to roy in return for a $104,000 convertible debt. by doing this, this gave roy over 10% ownership of common shares and defaulted his position into one of a "control person" which restricts his ability to sell his 68 million shares. he's mad since he cannot keep dumping his shares which was probably a pretty good revenue stream for him and he probably was shorting in addition to dumping so he could have gotten a double paycheck from that move. i can see why he is mad. haha.
the canada deal. rodney, rmh canada, gave rmh $500,000 initial payment of an agreed 1 million but rmh didn't receive the remaining $500,000 thus rodney defaulted and now is being sued by rmh. kind of tough since it appears rmh never produced or delivered any product for rodney and yet rodney is being sued to pay that other $500,000. i guess we wont see rodney at the next shareholder meeting. maybe product was created for rodney and maybe there are a pile of of RMH cans with a french label sitting around some where. i dont know.
what is most puzzling is the Gain on change in fair value of derivative liability. this looks like some fancy accounting method that created 6 million in revenues in june to sept of 2015, and then another 2 million between sept and dec 2015. i'm not an expert on this. apparently there was a change in what the company owed to other individuals or entities which resulted in a 8 million dollar gain in revenue. i dont see where the companies sales could have paid this amount down but somehow, someway, by some accounting method, 8 million dollars seems to have been created and counted as revenue. someone smarter than me weigh in on that one please.
as soon as i understand how that 8 million appeared, maybe i'll have a better appreciation for this report.
gross loss from operations reduced slightly from the last 3 months of 2015 compared to the 3 months prior.
there has been very little dilution. only 25 million shares additional issued in this 3 month period.
gross profit from june to sept 2015 is the same as it was from sept to dec 2015. what this means is that between june 2015 and dec 2015 sales have been at about the same pace for 6 months. All of those new retail outlets and added distributors that we hear so much about....none of that activity seems like it is included in this report ending in 2015. next quarter i would expect sales to be at a greater pace as they will include some of those 1000 retail outlets.
roy meadows was screwed. good for us. bad for him. quite comical actually. rmh issued 68 million shares of common stock to roy in return for a $104,000 convertible debt. by doing this, this gave roy over 10% ownership of common shares and defaulted his position into one of a "control person" which restricts his ability to sell his 68 million shares. he's mad since he cannot keep dumping his shares which was probably a pretty good revenue stream for him and he probably was shorting in addition to dumping so he could have gotten a double paycheck from that move. i can see why he is mad. haha.
the canada deal. rodney, rmh canada, gave rmh $500,000 initial payment of an agreed 1 million but rmh didn't receive the remaining $500,000 thus rodney defaulted and now is being sued by rmh. kind of tough since it appears rmh never produced or delivered any product for rodney and yet rodney is being sued to pay that other $500,000. i guess we wont see rodney at the next shareholder meeting. maybe product was created for rodney and maybe there are a pile of of RMH cans with a french label sitting around some where. i dont know.
what is most puzzling is the Gain on change in fair value of derivative liability. this looks like some fancy accounting method that created 6 million in revenues in june to sept of 2015, and then another 2 million between sept and dec 2015. i'm not an expert on this. apparently there was a change in what the company owed to other individuals or entities which resulted in a 8 million dollar gain in revenue. i dont see where the companies sales could have paid this amount down but somehow, someway, by some accounting method, 8 million dollars seems to have been created and counted as revenue. someone smarter than me weigh in on that one please.
as soon as i understand how that 8 million appeared, maybe i'll have a better appreciation for this report.
gross loss from operations reduced slightly from the last 3 months of 2015 compared to the 3 months prior.
there has been very little dilution. only 25 million shares additional issued in this 3 month period.
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