Rocky Mountain High (OTCMKTS:RMHB) Can’t Be Stopped
Rocky Mountain High (OTCMKTS:RMHB) registered another explosive jump yesterday, after making another boastful announcement. But how long can it keep this up?
RMHB has really come a long way from what it was before the business plan, name and ticker change – which is commendable indeed.
Still, before jumping on the RMHB hype train that follows every boastful announcement, investors should take into consideration the fact that even after trying so hard and getting so far, RMHB could still be described as an OTC Markets underachiever at best.
Just take a look at the numbers that the company’s latest financial report showed at the very beginning of 2016:
- cash – $100 thousand
- total current assets – $2.5 million
- current liabilities – $2 million
- quarterly sales – $313 thousand
- quarterly loss from operations – $385 thousand
There is not much to hype about in those numbers – and things only get worse if you care to read further down into the report.
It turns out that in the five or so months that preceded the filing of said report, RMHB has issued 78 MILLION shares of commons stock. Another 68 million shares of RMHB had been issued in the quarters before that, at a rate of $0.001 per share.
Investors would do well to note that this is not ancient history and the danger that those shares represent for investor value has not gone away. Who knows how many of them are still poised for the dumping and just waiting for the best moment to maximize profits?
Thinking on that before committing to RMHB might not be a bad idea, because as we all know from the marijuana hype from a couple of years back, nothing can crash a hyped-up ticker quite like toxic dilution of the company’s past rearing its ugly head.
With this in mind, let the buyer beware.
