Rocky Mountain High (OTCMKTS:RMHB) Gets Destroyed

It was clear from day one of Rocky Mountain High (OTCMKTS:RMHB)’s jump that its ascent would be short-lived, but few could have foreseen the sudden and horrific crash that took it down yesterday.

In hindsight, this turn of events was not entirely unlikely – especially in light of all the stock shenanigans that RMHB has pulled during the last few months. After all, we’re talking about a company that issued 75 MILLION shares of common stock at prices of about a penny a piece at a time when its stock was trading between two cents and a dime per share.

That fact in and of itself tells you all you need to know about the way RMHB does business.

Still – fraudulent misrepresentation and fraud through concealment of material facts is a serious offense – especially when it has allegedly lead to “damages in excess of $3 million”.

It is only natural that investors were shocked an appalled by the news – and that, as a direct result the ticker crashed horribly. So where will it go from here?

As is the norm with over-hyped OTC Markets, it is impossible to answer that question with a 100% certainty.

However, this latest accusation seems to have damaged RMHB‘s name in a similar manner to which the company has been damaging RHMB investor value in recent months – badly.

All in all, things don’t look too good for RMHB at the moment.

 

 

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