That number is BS because there is nothing in the
Post# of 75368
Posted On: 09/16/2016 12:05:27 PM
Re: Thczinvestor18 #25418
That number is BS because there is nothing in the 8k filing stating that.
(why can't people be honest and report factual information?)
The ONLY thing you have is a letter of intent.
There is a 30 day period for Li (and her investor contacts) to decide.
Therefore, nothing is set in stone.
I'd wait until October 2'cd to see what pans out - don't count your cards before you got em.
http://www.otcmarkets.com/edgar/GetFilingPdf?...D=11588374
LETTER OF INTENT
THIS LETTER OF INTENT (herein so called) is entered into effective as of September 2, 2016 (the " Effective Date "
by and between ROCKY MOUNTAIN HIGH BRANDS, INC., a Nevada corporation, with a principal address of 9101 LBJ Freeway, Suite 200, Dallas, Texas 75243 ("RMHB" , Jerry Grisaffi ("Grisaffi" and Lily Li or assigns (collectively "Li" . Li, Grisaffi and RMHB are jointly referred to herein as the "Parties".
NOW, THEREFORE, the Parties agree as follows:
1. Basic Terms: RMHB and Li wish to explore the purchase by Li of the control block of Series A Preferred shares of RMHB. That control block is owned by Grisaffi;
a) Li desires to have a binding option to purchase said Series A shares at a price of $3,500,000.00 USD. Li understands that when exercising this option, Li will have to contribute a sufficient amount of capital to RMHB to fund the Company to move forward in the implementation of its expansion plans.
b) Li desires 30 days to conduct due diligence for such potential acquisition, with such binding option to expire on October 2, 2016.
c) RMHB and Grisaffi hereby grant such option and due diligence period set forth above.
d) The Parties understand that Jerry Grisaffi will remain with RMHB in whatever capacity is necessary if the option is exercised.
(why can't people be honest and report factual information?)
The ONLY thing you have is a letter of intent.
There is a 30 day period for Li (and her investor contacts) to decide.
Therefore, nothing is set in stone.
I'd wait until October 2'cd to see what pans out - don't count your cards before you got em.
http://www.otcmarkets.com/edgar/GetFilingPdf?...D=11588374
LETTER OF INTENT
THIS LETTER OF INTENT (herein so called) is entered into effective as of September 2, 2016 (the " Effective Date "
by and between ROCKY MOUNTAIN HIGH BRANDS, INC., a Nevada corporation, with a principal address of 9101 LBJ Freeway, Suite 200, Dallas, Texas 75243 ("RMHB" , Jerry Grisaffi ("Grisaffi" and Lily Li or assigns (collectively "Li" . Li, Grisaffi and RMHB are jointly referred to herein as the "Parties". NOW, THEREFORE, the Parties agree as follows:
1. Basic Terms: RMHB and Li wish to explore the purchase by Li of the control block of Series A Preferred shares of RMHB. That control block is owned by Grisaffi;
a) Li desires to have a binding option to purchase said Series A shares at a price of $3,500,000.00 USD. Li understands that when exercising this option, Li will have to contribute a sufficient amount of capital to RMHB to fund the Company to move forward in the implementation of its expansion plans.
b) Li desires 30 days to conduct due diligence for such potential acquisition, with such binding option to expire on October 2, 2016.
c) RMHB and Grisaffi hereby grant such option and due diligence period set forth above.
d) The Parties understand that Jerry Grisaffi will remain with RMHB in whatever capacity is necessary if the option is exercised.
(2)
(0)