Readen Holding Corp. (RHCO)

[CoodBMoney]

The following contains most of an email I sent Hamp on Friday. If anyone here has more input to add or help clarify the current situation with RHCO, I would be happy to hear it.

In doing some additional reading, I finally think I see what the lawsuit is about.
The company that sold Neckermann.com to Ron and Co. (for about 23% interest in Readen Retail), did not seem to have the right to sell the website name. Because of that hitch, Rons investors did not want to invest anything more until that issue is resolved. Appears all the Neckermann shops are in bankruptcy now but not the web site business. The court (or whatever it's called over there) has apparently appointed a director to over-see the goings on. Actually it appears this might be in RHCO's favor as they are expected to find that Axivate Capital did not have the right or authority to sell the Neckermann.com name.

That does not explain all the other BS that has been going on, but at least it is my understanding of what is going on now that is consuming most of Rons time..

Not sure how RHCO would resolve the website issue if they win the case except to negotiate a deal with the company that owns/controls it!