In the 8-K it looks to be a done deal with the Bil
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Posted On: 05/08/2020 7:24:59 PM
Re: vegasandre #63123
In the 8-K it looks to be a done deal with the Bill of Sale dated 4/30/20. Also a newly formed subsidiary Rocky Mountain Productions. "The acquisition was made through our newly formed subsidiary, Rocky Mountain Productions, Inc..." (page 2). Interesting also the Purchaser representing Rocky Mountain Productions is Charles Smith. Formally C.O.O of Rocky Mountain High Brands, who left that position and received Preferred RMHB stock as due compensation, etc.
So now we know why he left that position - to head up our new Subsidiary as C.E.O. of 'Rocky Mountain Productions' so we can co-pack ourselves for all the drinks saving money and in addition produce and sell the hand sanitizer, which we all know is in such high demand, and likely will not let up in demand any time soon.. $$ money maker.
The company will pay off and own the equipment, but will have to contend with $20,000 equipment lease pmts, till its refinanced or paying off, on or before December 31, 2020.. see per Section I a.b.c -
I .a. -"$250,000 in cash, to be paid to Seller on or before August 15, 2020, an additional $500,000 in cash on or before November 30, 2020, and in addition to the above, $750,000 in 8 consecutive monthly installments of $85,000 each, beginning May 8, 2020, then June 15, 2020, then a like payment on the 15th day of each month thereafter, with a final 9th payment on January 15, 2021 being $70,000. The remaining $250,000 shall be paid on or before March 1, 2021. - paid in full by then.
The stock issued as a part of the purchase is restricted, very good. " 27,000,000 shares ... These shares shall be restricted shares under Rule 144 of the Securities Act and shall be subject thereto. The shares shall be valued using the closing share price for the Purchaser’s common stock on the effective date of the asset sale. The shares shall be issued to individuals or entities in accordance with written instructions by Jesse McMullin to be delivered to David M. Seeberger on or before close of business May 4, 2020.
For a deal like this, you could conclude that sales/revenue cash flows are coming in, and/or the anticipated sales of the Hand Sanitizer will be paying for itself and we may be pleasantly surprised in the next Financial Report, but that is just my thoughts.
If i mis-stated anything here or anyone else have thoughts there is quite a bit to digest here, wow, surprise all right, a big change that looks great for the long run.
So now we know why he left that position - to head up our new Subsidiary as C.E.O. of 'Rocky Mountain Productions' so we can co-pack ourselves for all the drinks saving money and in addition produce and sell the hand sanitizer, which we all know is in such high demand, and likely will not let up in demand any time soon.. $$ money maker.
The company will pay off and own the equipment, but will have to contend with $20,000 equipment lease pmts, till its refinanced or paying off, on or before December 31, 2020.. see per Section I a.b.c -
I .a. -"$250,000 in cash, to be paid to Seller on or before August 15, 2020, an additional $500,000 in cash on or before November 30, 2020, and in addition to the above, $750,000 in 8 consecutive monthly installments of $85,000 each, beginning May 8, 2020, then June 15, 2020, then a like payment on the 15th day of each month thereafter, with a final 9th payment on January 15, 2021 being $70,000. The remaining $250,000 shall be paid on or before March 1, 2021. - paid in full by then.
The stock issued as a part of the purchase is restricted, very good. " 27,000,000 shares ... These shares shall be restricted shares under Rule 144 of the Securities Act and shall be subject thereto. The shares shall be valued using the closing share price for the Purchaser’s common stock on the effective date of the asset sale. The shares shall be issued to individuals or entities in accordance with written instructions by Jesse McMullin to be delivered to David M. Seeberger on or before close of business May 4, 2020.
For a deal like this, you could conclude that sales/revenue cash flows are coming in, and/or the anticipated sales of the Hand Sanitizer will be paying for itself and we may be pleasantly surprised in the next Financial Report, but that is just my thoughts.
If i mis-stated anything here or anyone else have thoughts there is quite a bit to digest here, wow, surprise all right, a big change that looks great for the long run.
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