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| Huge News Out for RMHB Form 10 Filed for Uplisting and Fully Reporting Status |
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 Hot Stock to Watch |
Company: Rocky Mountain High Brands Inc. (Pink Sheets: RMHB)
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Last:
Price: 0.045
Change (%): + 0.0062 (16.04)
Volume: 2,933,125 |
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Rocky Mountain High Brands, Inc. (RMHB) Files Form 10
DALLAS, April 15, 2016 (GLOBE NEWSWIRE) - Rocky Mountain High Brands, Inc. (OTC PINK:RMHB) announced today that the Company has filed SEC Form 10 with the intent to become fully reporting and with the goal of eventually listing on a national securities exchange.
Jerry Grisaffi, Founder of RMHB, commented, “I would like to thank all of our shareholders for their patience with this process. The filing and disclosure requirements of the Form 10 are extensive and the entire process took longer than we anticipated.”
SEC Form 10 is one of the most basic sources of information about a publicly traded security. Everyone from private investors to Wall Street Analysts use a company’s SEC Form 10 to gather the information needed to make investment decisions. The company’s financial statements are of particular interest, especially for companies who have not previously issued other securities. Additionally, SEC Form 10 contains management’s perspective on potential risks and opportunities facing their company.
Upon effectiveness of a Form 10 registration statement, the issuer becomes subject to the reporting requirements of the Exchange Act and is obligated to file annual reports on Form 10-K, quarterly reports on Form 10-Q and current reports on Form 8-K. Additionally, unlike effectiveness of a registration statement on Form S-1, effectiveness of a Form 10 registration statement causes the issuer to be subject to Exchange Act Section 14’s proxy rules. Additionally, effectiveness of a company’s registration statement on Form 10 causes its management and shareholders to be subject to the beneficial reporting requirements of Sections 13 and 16 of the Exchange Act.
Upon becoming a reporting company under the Exchange Act, the company will be eligible for an upgrade to the OTCQB market tier.
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