Sorry it took so long, but here is a professional thorough e-mail I recieved back from Michael regarding some questions I had:
I appreciate and share your concerns. Since Jerry Grisaffi abruptly resigned at the end of June, we have taken the following steps:
1. We evaluated different financing options when it became obvious that LSW was not going to fund the Company as had been represented to Company management for several months. After an extensive process, we selected GHS Investments as our financial partner.
2. We settled the Roy Meadows litigation, a long standing lawsuit that had been a major contingent liability of the Company for years. We settled it for significantly less than what the Company owed Mr. Meadows. For the Company to obtain financing with an investor, it was necessary for the Company to settle the lawsuit prior to securing financing.
3. We increased our authorized shares to accommodate our share needs to finance our Company, to attract strategic investors, to attract celebrities to promote our products, and to provide shares for future acquisitions with revenue streams that would increase our shareholder value.
4. We hired John Blackington and Michelle Krebsbach approximately one month ago. John has over 30 years of experience in the beverage industry and has launched several successful beverage brands. Michelle has taken many brands from concept to retail shelf.
5. John and Michelle are currently working on a new yet to be named line of functional beverages, some of which will contain CBDs. We made the decision to announce that we will come to market with a new line of CBD products that will include nutraceuticals, topicals, and beverages under a new product name. We are working hard to launch this new line as quickly as possible.
6. We filed a lawsuit against Jerry Grisaffi and other parties for fraud and breach of fiduciary responsibility among other things.
7. We are working on some significant private label opportunities that, if we win, will present very material revenue for us to announce. We cannot publicly announce it until the contract is awarded.
8. We have posted our Code of Conduct, our Insider Trading Policy and our Director’s and Officer’s Stock Activity Calendar which defines our internal policies on codes of conduct and stock trading. As Officers and Directors of the Company, we are not allowed to sell stock in the Company without reporting it to the SEC. Because we have access to insider information before the general public, we have established internal policies to protect the Company, its Shareholders and our Officers and Directors from any stock activity that even appears inappropriate. We have been subjected to bashers falsely accusing our Officers and Directors, in particularly me, in dumping stock, which is totally false information. I have not sold one share of RMHB stock since I have been employed by the Company. When I decide to sell RMHB stock, the transaction will be properly reported to the SEC and it will be in compliance with SEC guidelines and our internal policies and procedures.
All of the things should have a positive impact on the stock but they have not.
We are interviewing an Investor Relations firms and plan to engage them very soon. Their objective would be to create investor awareness and help increase our shareholder base as we rebuild the Company. Our shared goal working with them is to increase the value of our stock.
Thank you,
Michael R. Welch
President & Chief Executive Officer
Rocky Mountain High Brands, Inc
I appreciate and share your concerns. Since Jerry Grisaffi abruptly resigned at the end of June, we have taken the following steps:
1. We evaluated different financing options when it became obvious that LSW was not going to fund the Company as had been represented to Company management for several months. After an extensive process, we selected GHS Investments as our financial partner.
2. We settled the Roy Meadows litigation, a long standing lawsuit that had been a major contingent liability of the Company for years. We settled it for significantly less than what the Company owed Mr. Meadows. For the Company to obtain financing with an investor, it was necessary for the Company to settle the lawsuit prior to securing financing.
3. We increased our authorized shares to accommodate our share needs to finance our Company, to attract strategic investors, to attract celebrities to promote our products, and to provide shares for future acquisitions with revenue streams that would increase our shareholder value.
4. We hired John Blackington and Michelle Krebsbach approximately one month ago. John has over 30 years of experience in the beverage industry and has launched several successful beverage brands. Michelle has taken many brands from concept to retail shelf.
5. John and Michelle are currently working on a new yet to be named line of functional beverages, some of which will contain CBDs. We made the decision to announce that we will come to market with a new line of CBD products that will include nutraceuticals, topicals, and beverages under a new product name. We are working hard to launch this new line as quickly as possible.
6. We filed a lawsuit against Jerry Grisaffi and other parties for fraud and breach of fiduciary responsibility among other things.
7. We are working on some significant private label opportunities that, if we win, will present very material revenue for us to announce. We cannot publicly announce it until the contract is awarded.
8. We have posted our Code of Conduct, our Insider Trading Policy and our Director’s and Officer’s Stock Activity Calendar which defines our internal policies on codes of conduct and stock trading. As Officers and Directors of the Company, we are not allowed to sell stock in the Company without reporting it to the SEC. Because we have access to insider information before the general public, we have established internal policies to protect the Company, its Shareholders and our Officers and Directors from any stock activity that even appears inappropriate. We have been subjected to bashers falsely accusing our Officers and Directors, in particularly me, in dumping stock, which is totally false information. I have not sold one share of RMHB stock since I have been employed by the Company. When I decide to sell RMHB stock, the transaction will be properly reported to the SEC and it will be in compliance with SEC guidelines and our internal policies and procedures.
All of the things should have a positive impact on the stock but they have not.
We are interviewing an Investor Relations firms and plan to engage them very soon. Their objective would be to create investor awareness and help increase our shareholder base as we rebuild the Company. Our shared goal working with them is to increase the value of our stock.
Thank you,
Michael R. Welch
President & Chief Executive Officer
Rocky Mountain High Brands, Inc
29
