From management: The pertinent points are:
Post# of 75001
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Posted On: 12/27/2019 11:34:30 AM
Re: adirondackhi #60387
From management:
The pertinent points are:
No more S-1 filings under our GHS Equity Line of Credit, which stops the immediate dilution caused by that financing arrangement. We cancelled it our $15,000,000 Equity Line of Credit with GHS.
Under our new agreement, GHS purchases Preferred Stock, converts it to Common, and has a total 6 month holding period on their investment. This will give the Company breathing room to allow the stock upward mobility.
We had to increase our authorized to accommodate for the Reserve Requirements in the new GHS agreement (set aside in Treasury, doesn’t go into the market). While doing so, we created some headroom so we have the ability to pursue potential acquisitions. The pertinent point is that NONE of the increase goes into the market at this time.
It’s hard to glean those points from the filings.
Paul K.
The pertinent points are:
No more S-1 filings under our GHS Equity Line of Credit, which stops the immediate dilution caused by that financing arrangement. We cancelled it our $15,000,000 Equity Line of Credit with GHS.
Under our new agreement, GHS purchases Preferred Stock, converts it to Common, and has a total 6 month holding period on their investment. This will give the Company breathing room to allow the stock upward mobility.
We had to increase our authorized to accommodate for the Reserve Requirements in the new GHS agreement (set aside in Treasury, doesn’t go into the market). While doing so, we created some headroom so we have the ability to pursue potential acquisitions. The pertinent point is that NONE of the increase goes into the market at this time.
It’s hard to glean those points from the filings.
Paul K.
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(1)Rocky Mountain High Brands, Inc. (RMHB) Stock Research Links
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