That number is BS because there is nothing in the
Post# of 74829
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(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 "
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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.
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