This was posted before so here is another look at
Post# of 75357
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Posted On: 03/24/2019 11:34:02 AM
This was posted before so here is another look at RMHB' explanation of the reverse split.
This is what RMHB had to say about the 8K announcement of a reverse split:
For this Company to grow and prosper, it has to attract additional investors including institutions. The first step in that process is correct our cap table. We will not attract them with 2 billion shares outstanding and a stock price of less than a penny. It’s important to note:
1. The previous Chairman of the Board made decisions that led to this reversal.
2. The Company has cleaned up the issues caused by the previous Chairman, has prevailed in Court to date ( the A shares are void ), we have an outstanding judgement against Jerry Grisaffi, and a Summary Judgement against LSW and Lily Li. The Company has filed for Motion for Summary Judgment against the Radcliffe Group.
3. We have developed seven new Hemp Seed Extract Beverages under both HEMPd and Rocky Mountain that have presented to a National Liquor, Beer and Wine Distributing Company. We are making progress in satisfying their requests to move forward with our national distribution agreement.
4. We will start production for CBD Life once they receive new permits.
5. We have Purchase Orders and are doing a production run for another private label company, Green Lotus, this coming week. The revenue from this run, estimated to be in excess of $150,000, should be recorded in the first quarter.
6. Each shareholder’s percentage ownership in the Company remains unaffected by the reversal.
We believe the future is very bright for this Company.
(Paul Knopick)
GO RMHB!
This is what RMHB had to say about the 8K announcement of a reverse split:
For this Company to grow and prosper, it has to attract additional investors including institutions. The first step in that process is correct our cap table. We will not attract them with 2 billion shares outstanding and a stock price of less than a penny. It’s important to note:
1. The previous Chairman of the Board made decisions that led to this reversal.
2. The Company has cleaned up the issues caused by the previous Chairman, has prevailed in Court to date ( the A shares are void ), we have an outstanding judgement against Jerry Grisaffi, and a Summary Judgement against LSW and Lily Li. The Company has filed for Motion for Summary Judgment against the Radcliffe Group.
3. We have developed seven new Hemp Seed Extract Beverages under both HEMPd and Rocky Mountain that have presented to a National Liquor, Beer and Wine Distributing Company. We are making progress in satisfying their requests to move forward with our national distribution agreement.
4. We will start production for CBD Life once they receive new permits.
5. We have Purchase Orders and are doing a production run for another private label company, Green Lotus, this coming week. The revenue from this run, estimated to be in excess of $150,000, should be recorded in the first quarter.
6. Each shareholder’s percentage ownership in the Company remains unaffected by the reversal.
We believe the future is very bright for this Company.
(Paul Knopick)
GO RMHB!
(5)
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