Here is the reality as far as I see it.
1- Many have been here for 8-10 years..
2- We are not getting any shareholder updates or the ones we receive are rare and limited.. at least in the beginning we had many many updates
3- The End of Year 2024 financials that came in had a lot of cut/paste/errors (for those few that read it) in some of the most important areas such as:
The Company manages its liquidity risk by reviewing, on an ongoing basis, its sources of liquidity and capital
requirements. The Company had cash on hand of $35,352 on December 31, 2024. Although the Company intends to
raise additional debt or equity capital, the Company expects to generate cash flows from operations and ramp up
production for new and existing customers in 2024. The anticipated losses in 2024 are expected to be less than those
in 2023 as production and revenue ramp up along with major reductions in expenses related to compensation,
professional fees, development and regulatory fees.
The Company has incurred significant losses since its inception but is on its way to generating sufficient revenues
from the sales of its products and services to achieve profitable operations in 2024. Rocky Mountain Productions
executed a move of its facility and scheduled a break in production during the second quarter of 2023. RMP initially
started Leasehold improvements and the move April 1st
, with a target of a 120-day completion. Due to a lengthy
timetable to obtain certain permits, RMP will not be able to complete set up of both bottling lines until late in the 4th
quarter. Sales generated from April through July was produced at the old plant awaiting sleeving, labeling and/or pack
out at the new facility.
The Company had limited production using the raw materials in inventory during the third quarter of 2023. Key
ingredients that are needed for expanded production are experiencing a six to ten week lead time. The two bottle lines
are capable of producing $1.5 million to $2 million of revenue per month utilizing a single shift. As a reference, in
March 2023, the Company generated revenue of $1,202,627 with net income of $153,078. The good news is our
customers are glad that we are production ready and waiting on availability of raw ingredients to restart production of
their products. With current commitments, RMP is targeting revenue of over $1,300,000 per month by May or June
2024. These projections have experienced delays due to various issues including long lead time on raw materials and
customer preference for receiving product. By the end of the second quarter of 2024, the Company will have the ability
to more accurately forecast the third quarter.
I've highlighted a couple... there are more.
4- their rent is over 50k a month.
5- The Cannibas/THC/HEMP ship has sailed and is on the downswing(and will never be fully legalized and no one really cares about legalizing it anymore anyway...)
I am not sure why some remain eternally optimistic despite being hit with a sledgehammer over and over..
it doesn't make sense to me.
could they pull a rabbit out of the hat? maybe.. but we will be the last to know.
A company update would be appreciated and yet it seems like the original shareholders are lowest on the totem pole..
1- Many have been here for 8-10 years..
2- We are not getting any shareholder updates or the ones we receive are rare and limited.. at least in the beginning we had many many updates
3- The End of Year 2024 financials that came in had a lot of cut/paste/errors (for those few that read it) in some of the most important areas such as:
The Company manages its liquidity risk by reviewing, on an ongoing basis, its sources of liquidity and capital
requirements. The Company had cash on hand of $35,352 on December 31, 2024. Although the Company intends to
raise additional debt or equity capital, the Company expects to generate cash flows from operations and ramp up
production for new and existing customers in 2024. The anticipated losses in 2024 are expected to be less than those
in 2023 as production and revenue ramp up along with major reductions in expenses related to compensation,
professional fees, development and regulatory fees.
The Company has incurred significant losses since its inception but is on its way to generating sufficient revenues
from the sales of its products and services to achieve profitable operations in 2024. Rocky Mountain Productions
executed a move of its facility and scheduled a break in production during the second quarter of 2023. RMP initially
started Leasehold improvements and the move April 1st
, with a target of a 120-day completion. Due to a lengthy
timetable to obtain certain permits, RMP will not be able to complete set up of both bottling lines until late in the 4th
quarter. Sales generated from April through July was produced at the old plant awaiting sleeving, labeling and/or pack
out at the new facility.
The Company had limited production using the raw materials in inventory during the third quarter of 2023. Key
ingredients that are needed for expanded production are experiencing a six to ten week lead time. The two bottle lines
are capable of producing $1.5 million to $2 million of revenue per month utilizing a single shift. As a reference, in
March 2023, the Company generated revenue of $1,202,627 with net income of $153,078. The good news is our
customers are glad that we are production ready and waiting on availability of raw ingredients to restart production of
their products. With current commitments, RMP is targeting revenue of over $1,300,000 per month by May or June
2024. These projections have experienced delays due to various issues including long lead time on raw materials and
customer preference for receiving product. By the end of the second quarter of 2024, the Company will have the ability
to more accurately forecast the third quarter.
I've highlighted a couple... there are more.
4- their rent is over 50k a month.
5- The Cannibas/THC/HEMP ship has sailed and is on the downswing(and will never be fully legalized and no one really cares about legalizing it anymore anyway...)
I am not sure why some remain eternally optimistic despite being hit with a sledgehammer over and over..
it doesn't make sense to me.
could they pull a rabbit out of the hat? maybe.. but we will be the last to know.
A company update would be appreciated and yet it seems like the original shareholders are lowest on the totem pole..
6
