Investors Hangout Stock Message Boards Logo
  • Mailbox
  • Favorites
  • Boards
    • The Hangout
    • NASDAQ
    • NYSE
    • OTC Markets
    • All Boards
  • Whats Hot!
    • Recent Activity
    • Most Viewed Boards
    • Most Viewed Posts
    • Most Posted
    • Most Followed
    • Top Boards
    • Newest Boards
    • Newest Members
  • Blog
    • Recent Blog Posts
    • Recently Updated
    • News
    • Stocks
    • Crypto
    • Investing
    • Business
    • Markets
    • Economy
    • Real Estate
    • Personal Finance
  • Market Movers
  • Interactive Charts
  • Login - Join Now FREE!
  1. Home ›
  2. Stock Message Boards ›
  3. Stock Boards ›
  4. Rocky Mountain High Brands, Inc. (RMHB) Message Board

An excerpt : 42. At the time Grisaffi abruptly

Message Board Public Reply | Private Reply | Keep | Replies (3)                   Post New Msg
Edit Msg () | Previous | Next


Post# of 75421
(Total Views: 629)
Posted On: 11/09/2017 12:42:00 PM
Posted By: dadon_111
An excerpt :

42. At the time Grisaffi abruptly resigned on June 30, 2017, he insisted that the Board approve an Indemnification and Release Agreement. At the time of his demand, Grisaffi owed fiduciary duties to the company including the duty of candor and full disclosure and the duty of loyalty including the obligation not to put his personal interest ahead of the interests of the
company. Grisaffi violated his fiduciary duties in obtaining an Indemnification and Release Agreement. Among other things, he never informed Rocky Mountain’s Board of Directors that he had failed to disclose the Employment Agreement to the Bankruptcy Court. In addition, he never fully disclosed the sum and substance of the Employment Agreement in terms of being
granted the right to the issuance of the Series A Preferred Stock which was ultimately conveyed to Li by and through her company, LSW, for no consideration. He further failed to notify the board of directors that he had authorized the issuance of the 10 and 11 million shares of stock to
Epic and Li for no consideration.

43. Just as importantly, the board was led to believe that LSW had a contractual obligation to fund Rocky Mountain.

44. Had Grisaffi fully disclosed the sum and substance of these material and selfdealing transactions to him and his business associates, which have detrimentally damaged Rocky Mountain, Rocky Mountain’s board of directors would never have approved the Indemnification and Release Agreement. The Agreement was not fair to Rocky Mountain, and
in obtaining it Grisaffi placed his personal interests ahead of those of Rocky Mountain. The Agreement is thus void and unenforceable.


(17)
(0)




Rocky Mountain High Brands, Inc. (RMHB) Stock Research Links


  1.  
  2.  


  3.  
  4.  
  5.  






Investors Hangout

Home

Mailbox

Message Boards

Favorites

Whats Hot

Blog

Settings

Privacy Policy

Terms and Conditions

Disclaimer

Contact Us

Whats Hot

Recent Activity

Most Viewed Boards

Most Viewed Posts

Most Posted Boards

Most Followed

Top Boards

Newest Boards

Newest Members

Investors Hangout Message Boards

Welcome To Investors Hangout

Stock Message Boards

American Stock Exchange (AMEX)

NASDAQ Stock Exchange (NASDAQ)

New York Stock Exchange (NYSE)

Penny Stocks - (OTC)

User Boards

The Hangout

Private

Global Markets

Australian Securities Exchange (ASX)

Euronext Amsterdam (AMS)

Euronext Brussels (BRU)

Euronext Lisbon (LIS)

Euronext Paris (PAR)

Foreign Exchange (FOREX)

Hong Kong Stock Exchange (HKEX)

London Stock Exchange (LSE)

Milan Stock Exchange (MLSE)

New Zealand Exchange (NZX)

Singapore Stock Exchange (SGX)

Toronto Stock Exchange (TSX)

Contact Investors Hangout

Email Us

Follow Investors Hangout

Twitter

YouTube

Facebook

Market Data powered by QuoteMedia. Copyright © 2025. Data delayed 15 minutes unless otherwise indicated (view delay times for all exchanges).
Analyst Ratings & Earnings by Zacks. RT=Real-Time, EOD=End of Day, PD=Previous Day. Terms of Use.

© 2025 Copyright Investors Hangout, LLC All Rights Reserved.

Privacy Policy |Do Not Sell My Information | Terms & Conditions | Disclaimer | Help | Contact Us