Along with all the positives I'm seeing we need to
Post# of 75002
(Total Views: 1167)
Posted On: 08/20/2019 1:35:52 PM
Along with all the positives I'm seeing we need to keep our eyes aware of whats happening with our share structure. This is real and can't be swept under the rug --- The price isn't rising as RMHB is still selling shares -
Per the 10Q as of Aug 12th 2019 -
State the number of shares outstanding of each of the issuer’s classes of common stock, as of the latest practicable date: 121,366,790 common shares as of August 16, 2019.
From the 10Q sec 7
~~~~~~~~~~~~~~~~~~~~~~~~~~~
The accompanying financial statements have been prepared on a going concern basis, which contemplates the realization of assets and the satisfaction of liabilities in the normal course of business. The Company has a shareholders’ deficit of $925,910 and an accumulated deficit of $36,948,781 as of June 30, 2019 and has generated operating losses since inception. These factors, among others, raise substantial doubt about the ability of the Company to continue as a going concern. The Company’s continuation as a going concern is dependent upon its ability to generate revenues and its ability to continue raising capital.
On June 27, 2018, the Company entered into a Securities Purchase Agreement (“SPA”) with GHS Investments, LLC (“GHS”), which provides for GHS to purchase up to $15,000,000 of the Company’s common stock over a 24-month period based on a contractually agreed upon market discount. The SPA replaces the Equity Financing Agreement the Company entered into with GHS on October 12, 2017. On August 8, 2018, the Company filed a registration statement with the Securities and Exchange Commission (“SEC”) to register up to 16,000,000 shares of our common stock to be purchased by GHS under the SPA. The registration statement became effective on October 10, 2018 and the Company sold all the available shares under the SPA. On May 15, 2019, the Company filed a registration statement for 30,000,000 shares to be purchased by GHS. This registration statement became effective on June 18, 2019 and the Company began selling shares in June.Management believes the SPA, along with bridge financing from GHS, will provide sufficient cash flows until cash flows from operations become consistently positive.
From PART II – OTHER INFORMATION
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6/19/2019 GHS Investments 1,065,361 0.036 Shares Sold Rule 506
7/2/2019 GHS Investments 7,384,020 0.038 Shares Sold Rule 506
7/16/2019 GHS Investments 1,636,689 0.070 Shares Sold Rule 506
7/29/2019 GHS Investments 1,752,656 0.050 Shares Sold Rule 506
8/12/2019 GHS Investments 1,613,434 0.050 Shares Sold Rule 506
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So looks like close to 50% of that 30mm May 15th Registration has been sold by GHS for RMHB's Benefit .... We need cash flow ASAP - but have total belief in our products that once the revenue stream begins this will become past history Let's Gett'er done Boyz and Gals at RMHB - you've been making payroll on our nickel. We need these products to carry us to the promised land ...
Rock on RMHB
Dadon_111
Per the 10Q as of Aug 12th 2019 -
State the number of shares outstanding of each of the issuer’s classes of common stock, as of the latest practicable date: 121,366,790 common shares as of August 16, 2019.
From the 10Q sec 7
~~~~~~~~~~~~~~~~~~~~~~~~~~~
The accompanying financial statements have been prepared on a going concern basis, which contemplates the realization of assets and the satisfaction of liabilities in the normal course of business. The Company has a shareholders’ deficit of $925,910 and an accumulated deficit of $36,948,781 as of June 30, 2019 and has generated operating losses since inception. These factors, among others, raise substantial doubt about the ability of the Company to continue as a going concern. The Company’s continuation as a going concern is dependent upon its ability to generate revenues and its ability to continue raising capital.
On June 27, 2018, the Company entered into a Securities Purchase Agreement (“SPA”) with GHS Investments, LLC (“GHS”), which provides for GHS to purchase up to $15,000,000 of the Company’s common stock over a 24-month period based on a contractually agreed upon market discount. The SPA replaces the Equity Financing Agreement the Company entered into with GHS on October 12, 2017. On August 8, 2018, the Company filed a registration statement with the Securities and Exchange Commission (“SEC”) to register up to 16,000,000 shares of our common stock to be purchased by GHS under the SPA. The registration statement became effective on October 10, 2018 and the Company sold all the available shares under the SPA. On May 15, 2019, the Company filed a registration statement for 30,000,000 shares to be purchased by GHS. This registration statement became effective on June 18, 2019 and the Company began selling shares in June.Management believes the SPA, along with bridge financing from GHS, will provide sufficient cash flows until cash flows from operations become consistently positive.
From PART II – OTHER INFORMATION
~~~~~~~~~~~~~~~~~~~~~~~~~
6/19/2019 GHS Investments 1,065,361 0.036 Shares Sold Rule 506
7/2/2019 GHS Investments 7,384,020 0.038 Shares Sold Rule 506
7/16/2019 GHS Investments 1,636,689 0.070 Shares Sold Rule 506
7/29/2019 GHS Investments 1,752,656 0.050 Shares Sold Rule 506
8/12/2019 GHS Investments 1,613,434 0.050 Shares Sold Rule 506
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
So looks like close to 50% of that 30mm May 15th Registration has been sold by GHS for RMHB's Benefit .... We need cash flow ASAP - but have total belief in our products that once the revenue stream begins this will become past history Let's Gett'er done Boyz and Gals at RMHB - you've been making payroll on our nickel. We need these products to carry us to the promised land ...
Rock on RMHB
Dadon_111
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(0)Rocky Mountain High Brands, Inc. (RMHB) Stock Research Links
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