Big deal with the bogus law suits. Lawyers and the
Post# of 75011
Grisaffi had a $25 million BS lawsuit filed against Roy Meadows. Not one penny came from that. Anyhow, it was far wiser to settle and move on toward the REAL financing, which has become $15 million and with outstanding terms producing ZERO convertible debt hanging over us.
This management team seems to have a knack for doing the wiser things.
As far as this quick_wit clone Soylent Green, being born today speaks volumes about who it is and why it's here. PHONY.
Just like nit_wit, Soylent but Deadly loves to focus on the past, because the most amazing stuff is in the future, and much of it the near future, so if you want to create a negative overall picture, when you look back you don't look at the company's huge accomplishments toward the building of a tremendously successful company in an incredibly history-making market, you just look at the cost of that effort against the soon to be, but not just yet recorded, revenue streams that will follow.
I think if genuine longs hang in there they're going to be very glad they did. Waiting is never easy, but at least the private label deal and the HEMPd CBD infused drinks are just about here. You won't have to wait til Christmas for those, and revenues will explode.
Focusing on only numbers is an old, see-through trick used by many to bash this company since the very beginning. Most lied and said they were heavily invested, and if they were, then they lied about their true outlook so they could get even more shares even cheaper than they already are. They're coming out more and more as the company approaches massive success
When investing at ground floor in a company destined to become a household name, looking at start up or re-launch financials and share structure ONLY is just absolutely stupid. If you want the already established large cap highly profitable type of investment, don't shop the OTC. This is just manipulation of weak hands to help increase the haul for the phonies.
I'm also convinced that this team will to everything in their power to reduce the outstanding shares with cash on hand as it starts to accumulate. It's a move that makes perfect sense for three reasons:
1) They all have a lot of common shares they've taken in lieu of cash salaries.
2) Reducing the float is the fastest and easiest way to add instant value to those shares, and.......
3) Using cash on hand to do that actually reduces the chances of a hostile takeover by locking up most of that float in the hands of long term investors, and it reduces cash on hand. Many think large piles of cash on hand is a major plus, but for a company with too many cheap outstanding shares/small market capitalization, it actually increases their takeover appeal in the eyes of those looking for such opportunity, because they often use the cash they acquire in the takeover to pay down debt.
It's extremely likely that they'll go that route, and when they do, the pps will climb to reflect the instant increase in earning per share that comes from reducing the outstanding shares. They want that worse than we do. The chance to turn a year's (or even a few months) pay into millions is a powerful motivator. $$ RMHB $$