Rocky Mountain High (OTCMKTS:RMHB) Takes The Offensive

Rocky Mountain High (OTCMKTS:RMHB) came under fire by the Law Office of A.A. McClanahan and took a nasty beating as a result of the shareholder alert that hit the web two days ago.

RMHB reacted with a PR of their own, in which they called the allegations of McClanahan “false, malicious, and defamatory”, and refuted them with impressive vigor.

Interestingly enough, the company’s attempts at damage control yielded some quite impressive results almost immediately, with the ticker managing to rally no less than 16% in yesterday’s trading session. But will that bounce turn out to be of the deceased feline variety?

Truth be told, at this point in time, it looks like that is quite possible, and in fact – more than a bit probable. The stain that the fraud allegations have put on RMHB‘s name can only be washed clean by said allegations being overturned in court, and in spite of all of RMHB‘s verbal posturing, strutting and boastful behavior is not proof of anything other than the company’s bravado. A bravado that, as we have discussed on multiple occasions in the past, is not backed up by significant commercial achievements or immaculate behavior towards shareholders.

Because while RMHB may rail in shock and disgust at the allegations, it can’t really deny the facts that it has done some pretty ugly things to its share structure over the years. The numbers are in its latest financial report, and investors are advised to take a good long look at them, before deciding on a stance towards RMHB.

As usual, due diligence, care and vigilance is advised when dealing with highly volatile OTC Markets stock. RMHB is that and so much more – so let the buyer beware.