Rocky Mountain High Brands, Inc (OTCMKTS:RMHB) Surges Out Of Nowhere

[[tagnumber 0]][[tagnumber 1]]Totally Hemp Crazy, or THCZ has been trading under a new name and a new ticker symbol for about nearly a month now. The company has been renamed to Rocky Mountain High Brands, Inc (OTCMKTS:RMHB), but that doesn’t seem to have affected the stock’s performance.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]After trying to recover and reach above the 10 cent per share mark in the second half of last month we saw [[tagnumber 6]]RMHB[[tagnumber 7]] slide into this one. Although the company has its fair share of devoted investors, there are still some people who have doubts in the long–term success of the company. One of the reasons might be the fact that the company had announced plans to up–list to the OTCQB tier more than six months ago and has done absolutely nothing in that direction.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]First of all, it had to become a SEC filer by submitting a Form 10 and becoming a fully reporting entity. Then it had to file its annual report for the period ended June 30, but it has so far failed to do either of these things. Meanwhile, the numbers contained in the latest annual report filed under the alternative reporting standard don’t look too promising.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 15]] [[tagnumber 16]]cash: $95.6 thousand[[tagnumber 17]] [[tagnumber 16]]current assets: $1 million[[tagnumber 17]] [[tagnumber 16]]current liabilities: $1.53 million[[tagnumber 17]] [[tagnumber 16]]annual revenues: $798 thousand[[tagnumber 17]] [[tagnumber 16]]annual net loss: $408 thousand[[tagnumber 17]] [[tagnumber 26]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]Then there is the matter of the potential dilution that [[tagnumber 6]]RMHB[[tagnumber 7]] may experience. $1.5 million, or 98% of the company’s current liabilities are in the form of convertible notes. Unfortunately, the management has failed to disclose the discounts at which those notes can be converted.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]Furthermore, [[tagnumber 6]]RMHB[[tagnumber 7]] decided to raise the number of authorized shares from 600 million to 800 million and was somewhat shy about making an announcement about it. Still, the Nevada Secretary of State website can provide all that information for you, if you somehow decide to dig it out that is.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]After a long slide, however, we finally saw [[tagnumber 6]]RMHB[[tagnumber 7]] close in the green. The company stock gained 17.92% in value yesterday and finished the session with a price of $0.0849 after a total of 1.25 million shares were traded and generated $99 thousand in daily dollar volume.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]With the serious threat of dilution, the failed plans to even start the process of up–listing and a market cap of $33 million [[tagnumber 6]]RMHB[[tagnumber 7]] is certainly a stock that can show volatility. This is why you should be sure to do your due diligence and weigh out the risks before putting any money on the line.[[tagnumber 2]]