Yes, I agree that an LOI is just what it is .... A
Post# of 75385
Posted On: 09/12/2016 5:37:56 PM
Re: Thczinvestor18 #25228
Yes, I agree that an LOI is just what it is .... A Letter of Intent....
It becomes legally binding when a Definitive Agreement is filed.
I am aware that Pink Sheet scam companies (with no real products or services) have used LOI's to create false hype and to pump the share price.
In the instance of RMHB and especially to the fact that the company has gone through so much time and expense to become a FULLY REPORTING SEC filer I would take this LOI as a serious and very real filing.
Mrs Li Li has been involved with Rocky Mountain High Brands through the upstate New York distributor for many months.
Although this LOI is not a consummated deal at this moment in time I believe this deal will finalize and the shareholders will benefit from the results of this transaction.
Michael Welch, President and Chief Executive Officer of Rocky Mountain High Brands, said, “We are pleased to expand our relationship with Mrs. Li Li. She has been an important part of the Rocky Mountain High family through our upstate New York distributor for some time and has been instrumental in introducing our products into the boroughs of Manhattan. We appreciate her long and diligent efforts in establishing Rocky Mountain High Brands China so that we will have a vehicle to distribute our beverages throughout China.
https://finance.yahoo.com/news/rocky-mountain...00726.html
It becomes legally binding when a Definitive Agreement is filed.
I am aware that Pink Sheet scam companies (with no real products or services) have used LOI's to create false hype and to pump the share price.
In the instance of RMHB and especially to the fact that the company has gone through so much time and expense to become a FULLY REPORTING SEC filer I would take this LOI as a serious and very real filing.
Mrs Li Li has been involved with Rocky Mountain High Brands through the upstate New York distributor for many months.
Although this LOI is not a consummated deal at this moment in time I believe this deal will finalize and the shareholders will benefit from the results of this transaction.
Michael Welch, President and Chief Executive Officer of Rocky Mountain High Brands, said, “We are pleased to expand our relationship with Mrs. Li Li. She has been an important part of the Rocky Mountain High family through our upstate New York distributor for some time and has been instrumental in introducing our products into the boroughs of Manhattan. We appreciate her long and diligent efforts in establishing Rocky Mountain High Brands China so that we will have a vehicle to distribute our beverages throughout China.
https://finance.yahoo.com/news/rocky-mountain...00726.html
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