Rocky Mountain High (OTCMKTS:RMHB) Regaining More Lost Value

[[tagnumber 0]][[tagnumber 1]]After moving sideways through the first half of this month we saw the stock of Rocky Mountain High (OTCMKTS:RMHB) gain an impressive amount of value over the course of just two sessions. As the price spiked we also saw an increase in daily volumes, but things weren’t going to last long.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]After the great performance [[tagnumber 6]]RMHB[[tagnumber 7]] was going to have it rough for a couple of days. The reason for this was a civil litigation for fraudulent misrepresentation to shareholders commenced by the law office of A.A. McClanahan. This caused [[tagnumber 6]]RMHB[[tagnumber 7]] to lose almost all of the value it had gained in the same short period of time.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]Meanwhile, the financial state of the company isn’t all that great and we are not quite certain how it will fight in court, considering that these were some of the contents of its balance sheet in the latest report.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 17]] [[tagnumber 18]]cash: $100 thousand[[tagnumber 19]] [[tagnumber 18]]current assets: $2.5 million[[tagnumber 19]] [[tagnumber 18]]current liabilities: $2 million[[tagnumber 19]] [[tagnumber 18]]quarterly sales: $313 thousand[[tagnumber 19]] [[tagnumber 18]]loss from operations: $385 thousand[[tagnumber 19]] [[tagnumber 28]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]Those numbers certainly don’t stick well with the current market cap of [[tagnumber 6]]RMHB.[[tagnumber 7]] Still, that didn’t stop investors from getting excited after the company “vehemently” denied the claims made by McClanahan.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]Since the fluff PR [[tagnumber 6]]RMHB[[tagnumber 7]] has been climbing the charts once again and recovering value. It finished last week with a 8.08% gain that pushed it to $0.0562, while a total of 4.18 million shares changed their owners and generated $245 thousand in daily dollar volume.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]][[tagnumber 6]]RMHB[[tagnumber 7]] is starting this week strong as well and it is already 12.54% up the charts as of the writing of this article. Still, you should be sure to do your due diligence and weigh out the risks before putting any money on the line.[[tagnumber 2]]