Hobie Cat
1月前
Yes sir, it doesn’t appear that it will be a short straight path to the lacing of soft drinks with THC, regardless of the hype.
Of coarse it is the same hype in the ‘90’s that led to the demise of the “unwilling participants” emu’s whose eggs, meat, and oil would solve all the world’s health problems. An AI Overview promoted the following:
“ The emu craze eventually led to thousands of emus roaming Texas, hundreds of emus starving, and a decline in the membership of the state emu association.”
Although I am very proud of LiMu Emu, star emu for Liberty Mutual, I think you could substitute “RMHB Stockholders” for “emus” in most of the above paragraph.
oilsleuth
1月前
cute1265 went in to bat for pro-marijuana Gaetz but struck out there, and she has unaccountably slipped up by not touting the mj-sympathetic RFK Jr. who has said he would legalize cannabis up to a point.
"On the presidential campaign trail, Kennedy talked about how he wanted to legalize and tax marijuana and psychedelics, using the resulting revenue to create “healing centers” where people recovering from drug addiction could learn organic farming as a therapeutic tool."
“I would legalize psychedelic drugs — some form of legalization,” he said in June, adding that he didn’t necessarily envision a commercial market where anyone could visit a shop to buy the substances, but that there should be regulated access.
https://www.marijuanamoment.net/rfk-jr-could-advance-marijuana-and-psychedelics-reform-agenda-as-trumps-top-health-official/
It doesn't sound to me like he envisages THC in soft drink circulating around about for all and sundry to swill at will.
The story that has been pushed on the other board that more research into CBD would become easier is also a bit of a stretch. They like to talk up mj prospects but are completely silent about what the benefit of putting CBD in soft drinks is supposed to be.
I see you still won't put your grudge against emus behind you. The emus were unwilling participants in the emu oil hoax.
oilsleuth
2月前
From the other board:
The long term plan is to become profitable and make good money and pay dividends. But that is dependant on first getting through the obviously serious problems that have required specialist advisers and consultants being brought in.
"The consultants have complete control of all funds received from sales revenue, loans and investment capital which will be used to fuel the path forward, growth and reduce current debt. Different decision makers have been put in place to ensure the Company and its subsidiaries are heading in the right direction in all matters relating to RMHB’s business operations, including operational efficiency, productivity, marketing, sales strategy and funding."
oilsleuth
2月前
From the other board:
Sales have gone downhill with a vengeance:
March Quarter $659,820
June Quarter $466,041
September Quarter $108,246
The Company is in such a shambles they have had to bring in outside specialists and consultants to try to get in on track.
There is no real explanation of why it has all turned so sour.
Whatever happened to the $1 million a month sales? Whatever happened to the great CBD Life input? Whatever happened to being on the way to becoming a "world class" company?
Just a load of baloney about two high-volume production lines, lucrative new private labels, photos of cans in trucks, and this message board churning out airhead propaganda and censoring serious comment.
What a bunch of malarkey! What an all round fiasco!
oilsleuth
2月前
From the other board:
The company has been performing so badly turn-round specialists have been brought in to try to improve matters. They are out of cash (see the previous Quarterly) and need more funding ("investment capital") which may well result in further substantial dilution.
"The consultants have complete control of all funds received from sales revenue, loans and investment capital which will be used to fuel the path forward, growth and reduce current debt. Different decision makers have been put in place to ensure the Company and its subsidiaries are heading in the right direction in all matters relating to RMHB’s business operations, including operational efficiency, productivity, marketing, sales strategy and funding."
There it is in black and white. No reading between the lines is needed. Management has stuffed up and is looking to find a way out of the problem. It's as clear as the nose on your face. There is no sugar coating it with head-in-the-sand talk of "potential". The consultants are company doctors not some happyclappy cheer leaders.
Hobie Cat
2月前
Oil, I would have a much greater respect for the mods on the other board if they, instead of frantically deleting the info you post, would line-item address the numbers/comments posted. What possible positive conclusions does any investor/bystander obtain from quickly deleted factual observations?! If there truly is a pul$e over there, address the comments/numbers with a legit
response. But instead, 🦗🦗🦗🦗
oilsleuth
3月前
From the other board:
Speaking of financial reports Adi, this summary of the June Quarter results has been posted here a number of times and has always been deleted. It did not show the company to be growing. Something sure smells fishy about the sleazy moderators. You might also notice the pps touched a new low of 0.0026 today. Hardly a good sign that it's on the way to becoming "world class" (an earlier pump of yours).
Some significant results from the amended 2024 June Quarter (unaudited):
https://www.otcmarkets.com/otcapi/company/fin...29/content
Sales $466,041 (March Quarter $659,820)
Cost of sales $94,024
Gross Profit/Loss $372,017
General and administrative expenses $525,500
Gain/(loss) from operations ($153,483)
Cash on hand Nil (with no cash equivalents)
Accounts receivable - net $372,204
Accounts payable and accrued expenses $3,196,661
"RMP is targeting revenue of over $1,300,000 per month by May or June 2024." Huh? Management is apparently asleep at the wheel as they haven't removed this earlier (hopelessly failed) prediction from the June Quarterly.
See p.26 for other instances where statements are made referring to activities well prior to the June Quarter. It seems that while the numbers have been appropriately changed the text has not been properly reviewed and updated before release. Such sloppiness is hardly indicative of a well run Company.
At June 30 there were no finished goods in Inventory.
For the six months ended June 30 2024 the Company had a Net loss from operations of $351,141
"Management’s strategic plans include the following:
• Pursuing additional capital raising opportunities (debt or equity)"
With 3 billion Authorized Shares (Outstanding Shares 899,466,003) more dilution can be anticipated?
They are still pursuing Jerry Grisaffi for the legal judgement against him but he doesn't seem too keen on paying up.