For those worried about one billion shares being o
Post# of 75001
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Posted On: 03/07/2020 8:10:10 PM
For those worried about one billion shares being out there, you are worrying for nothing.
This is from investor relations........
RMHB has canceled its current equity line of credit with GHS. This stops the dilution which was caused by this financing agreement.
Instead, under a new agreement, GHS is purchasing preferred stock. It needs to hold that stock for at least six months before conversion. That gives RMHB breathing room, during which we will work for stock upward mobility.
In order to accommodate the reserve requirements in the new GHS agreement, RMHB had to increase the number of authorized shares. These are set aside in the Company's treasury, they don't go into the market. They also give the Company the ability to pursue an acquisition only if the right acquisition is available.
Management stresses that NONE of the increase in shares goes into the market at this time.
This is from investor relations........
RMHB has canceled its current equity line of credit with GHS. This stops the dilution which was caused by this financing agreement.
Instead, under a new agreement, GHS is purchasing preferred stock. It needs to hold that stock for at least six months before conversion. That gives RMHB breathing room, during which we will work for stock upward mobility.
In order to accommodate the reserve requirements in the new GHS agreement, RMHB had to increase the number of authorized shares. These are set aside in the Company's treasury, they don't go into the market. They also give the Company the ability to pursue an acquisition only if the right acquisition is available.
Management stresses that NONE of the increase in shares goes into the market at this time.
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(1)Rocky Mountain High Brands, Inc. (RMHB) Stock Research Links
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