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You are so right! I know
Ron (CEO) has been working to expand the Neckermann.com business into new markets as well as the Wagyu Genetics business (((Wagyu beef-genetics))) Just google: "Wagyu beef" to see why that could be significant. However, it appears that how he has decided to do this is not currently helping the PPS of the stock. It should eventually, but until a few things fall into place, looks like it's going to be slow trading again.
Sorry I missed your question. Whether the unit is worth $.10 at the time it is offered to the employees is sort of irrelevant. It very well may not be worth that amount or anything close. The profit potential is the warrant for one additional share at $.15 for 2 additional years.
Thanks! Will watch for it for awhile. What's that quote from Old movie, "in confusion there is profit".
I think we agree that's what was happening. However, Ron seemed to be allowing it to happen. I do not have a problem with that as long as it only involved outstanding free trading shares, which was allowing sellers to sell if they choose to. If I knew that Ron was issuing new shares to sell, then that would be diluting shareholders and I would have a problem with that. I prefer to see trading and activity than not.
It was updated. However not much we didn't already know. Look under the Venture Capital tab of the website for the updated info. Yes, looks like Ron took what you told him about recent trading and told the investors that have been buying to stop for the time being.
Has anyone heard anything more about the Lithium Exploration Groups acquisition of the SPCL - PESA technology that was announced back on March 20. Was only a Memorandum of Understanding, but was suppose to be finalized accourding to PR on or before May 1st. Did it actually happen? Was there ever a mention on what this would mean to SPCL financially? PR said once patented, SPCL would receive "additional" compensation and an ongoing royalty. Just wondering since I haven't followed this for that long like many of you. Thnks!
Michael J Gelmon and his Brother Corey H Gelmon. I have read all the personal and business connections between the two I can find. So far I cannot find any mention of any relations to Novation Companies Inc. and the legal issues that has been discussed so much here the past few days. IMO they are in fact totally seperate entities.
For detailed Profiles:
Michael J Gelmon: http://www.bloomberg.com/research/stocks/people/person.asp?personId=7682942&privcapId=852330
http://www.4-traders.com/business-leaders/Michael-Gelmon-005V0K-E/biography
Corey H Gelmon:http://www.bloomberg.com/research/stocks/people/person.asp?personId=1192199&privcapId=346840
Anyway, something seems to be brewing so I'll stick around and see what happens.
Reg Deadline? Big Whoop! Correct me if wrong but that's a $400 fee.
However, if this "expected" deal were to be worth even $500,000 in income (not revenue). Using current share count of approx. 7,500,000,000 and a PE of only 15, that would give you a pps of about $.001. A 10 bagger would not be so bad at this point.
Yea Jax, we'll see. Keep checking the RHCO website, www.readenholdingcorp.com/ . Being told it is in the process of some upgrading. Hopefully it will also include some updated information. Not sure of time but hopefully in less than a week.
Hey Jax. Hampstead and I are asking Ron to give investors an update on RHCO. We both believe Ron does not understand the way the market in the US/Canada (Hamp. is in Vancouver) operates/trades. That's why Ron rarely makes press releases.
I belive you and I would agree that when you are listed on the Pinks, current information means everything to the success of your stock. Cannot say for sure when (or if) a PR might come, but have reason to believe we all need an update on Altembrouck (and the livestock assets associated with it) as well as neckermamm.com and its current and future state/direction...
On a different note, Ron believes the majority of the trading over the past few months has been from Chinese and other Oriental investors. Basically they sell shares to drive down the price but then buying back more than they sold.......!!!!! Get it? They have been and are accumulating shares.
You're probably right although I have no interest in doing any so called naked shorts. My experience with shorting is limited to buying Put options so any loss is limited. Obviously not the same but I can sleep at night. Many years ago I got caught in a really bad commodity trade that for 3 days moved the daily limit against me. That meant there was no chance for me to get out of my trade. That is not something I want to experience again!!!
By the way, regarding my question about IB and shorting. Not that I want to do it, but it's a subject we have discussed many times and wonder where shorting might be coming from...
Hamp, do you have or know anyone that has an Interactive Broker account? Was watching a stock today and someone said IB had 1,100,000 shares available to short. The stock was trading at $.0012. Would be interested to know if RHCO has any shares to short with IB. I have not really looked into it, but I did not think the average Joe could short penny stocks. MM's yes, but your average trader???? Didn't think you could.
Nice! You certainly have enough to be concerned with what Ron and his crew decides to do. I have a few shares (not as many as you), and I think Hamp and his people own/control (last I remember him saying) some 3-4 million shares.
Subtracting that out of the 5 million shares or so of the public float, and with what is currently happening in the penny market, RHCO could easily make a huge run without any so-called pumping or other Bu!! Sh!t. They have a small public float, they actually have a revenue stream, they have not fell for the toxic debt trap which would cause massive dilution... I'm hopeful we will see something happen soon that will cause the pps to be a good bit higher than it is today!!!!!!!!!!!!!!
Ron seems to know about and keep up with the shares he and his business associates have/control. He does not seem to understand the significance of the estimated 20-30 million shares that are the Public float. Currently, those are the shares that determine the pps of RHCO stock. Rons people do not sell their shares. Right????????? So unless Ron (Inc.) is prepared to buy up some of these "loose" shares being sold, then MM's can continue to play games with this stock. However, if these few shares are continually bought and "locked up", I would think (if you are correct about MM's shorting the stock), MM's would eventually find themselves in a situation where they would no longer play the short position because they might get caught in a short covering rally. Good for me/you but not for them...
If you or Ron have no other explanation for the trading, my only other guess would be that a market maker or two have taken notice of the big spread of bid/ask and are happy to step in and make a few pennies per share on alot of the shares being traded each day.
Regarding Units offered to employees of company in PRC for $.10. Perhaps someone addressed this before, but just wanted to make sure newbies understand. The filing states only 10,000,000 units will be offered at $.10. This only benefits the company to the tune of $1,000,000. Unit buyer will own one share of common stock at .10 but the real value to the owner is the warrant that allows owner to buy one more share for $.15 for 2 years. Units can usually be separated so the warrant can be sold separately. The buyer could keep the one common share and sell the warrant within the 2 year period it is valid....A Best efforts offering means the company will accept any amount of units sold up to 10,000,000.
Well not very impressive from revenue point of view. But looks like they are in fact concentrating on retail industry as was stated earlier. Trading in the stock this week has really been interesting. If Ron is not behind it, someone has certainly been playing around with his toy.... Impressed it has been able to maintain the pps that it has with all the shares being traded.
Ron and his brother Joop have access to money. The family name is worth something there due to their father.... I just think Ron does not understand the way the capital markets work here. That is why the Market Makers can keep putting a cap on any upside runs on RHCO stock. Also why you were correct in trying to get him to work with someone here that knows how this market works.
On a different note, I will say the only reason I am still here holding and following this stock is the fact Ron has not been sucked into a toxic debt financing deal selling convertable shares that can be converted for less than the market price. It is almost always a death spiral for a company and I will sell and be gone if he ever does that type deal...
Does not make sense to me. See if I still understand this. If there is no trading at all then MM's do not make any money. If a stocks daily buys and sells are approximately equal, then MM's make the spread between bid and ask and the more shares traded the more money they make, basically risk free. I would think this is still how/where most MM's would prefer to make the majority of their revenue. MM risk is if there is too many trades in only one direction (buying or selling) which causes them to have to go long or short. If trades continue to be unbalanced in only one direction, then MM can start losing money.
RHCO is so thinly traded, I would think they would rather just see more shares traded, but guess it is also easy to look at history of the stock and see that any momentum seems to run out pretty fast.
Don't know what to tell you. As you have seen, probably more shares have traded in last couple weeks than in last couple years. PPS has held up pretty well through it all so not like it has been all selling with no buying... Just wish we had more news more often than what we do.
Another day of much higher than average trading volume. Volume today of 246,700 was 135,298 buys and 111,402 shares sold. Even with todays volume and 862,400 traded on Friday, the daily average is still only just over 71,000 shares. Something seems to be happening. The stock price has been holding/averaging, very well in a .10 - .14 price range for several months now. Since "someone" seems to be sucking up any shares offered at these prices, I am hopeful that we might see a breakout to the upside very soon.
I have to agree as I've been saying for years this company needs shares actually being traded to provide liquidity. People will choose to buy or sell based on many factors but having some confidence one can get in or out when one chooses means alot to many investors/traders...
Guess question is whether that was a good thing or not. We will all be watching this week to see what happens next.
Think your post yesterday might have spooked a few of the newbies. Perhaps others also. Anyway if Rons investors are looking for cheap stock to buy, here is their chance......
Hamp. I cannot explain recent trading activity of the past few weeks. Have not seen any good or bad info to account for it. You think this might be due to the acquisition of the stake in "Hitting Media"? Their (HM) website lists Customers they are proud of includes: Deutsche Bank, McDonald's, Shell, Maximum, Ministry of Defense! Furthermore, their business seems to be directing online customers to particular sites, subjects, etc. Maybe this is why there are a few new eyes on RHCO.
Yes! That would be fun to see happen.
Interesting trading pattern been happening here for the past few trading days. Not sure why but still interesting...
Ron allowed the momentum to run out. Again! New people read the press releases and some bought a few shares. But with no new news to keep up the momentum, here we sit again just watching and waiting...
There are obviously alot of games market makers play. As long as you and I have watched RHCO, have you ever seen a 500,000 buy order executed???? I doubt there have been any for even 100,000 shares! So with that in mind, here is a quote I found about market makers. See if you think it applies to your question.
"Sometimes, market makers will post an attractive price but with a limited number of shares. The result may be an investor that puts in a large order and gets it filled at less-attractive prices. Conversely, market makers may put in large “phantom orders” – never intended for execution – to create psychological resistance levels." Yes they play games but I would love to see what would happen if someone actually placed an order for that 500,000. They may fill it and take the loss or if they are not concerned with their reputation they can "back away" from the trade. Whould like to see which happens...!!!
Hamp, it's frustrating, but I don't think you or most people realize how or what happens daily. RHCO short interest @ end of Feb(28th) was 9830 shares(as reported by FINRA), for Feb(15th) 5130 and end of Jan(31st) 9342 shares... Yet, last Friday FINRA reported daily short of 4000 of 77577 total traded shares. Yesterday as you stated was 28100 of 28100 and today only 2000 of 33000 shares...So what's up. Here is a post I read a few years ago, so I just assume most if not all is still accurate.
An explanation of Finra's daily short volume.
(Courtesy of a post made by pantherj)
The daily short interest report from FINRA is as widely misinterpreted as any report ever put out. Yet, once a few basics are understood, it becomes very logical. The huge short volume seen in the daily reports are almost instantaneously covered; within a few milliseconds or a few hours at worst. The best explanation of this report, that I've ever seen, was posted by "Dave Patch" of "Investigatethesec.com."
"The FINRA individual I spoke with wanted to make clear that to maintain proper trade volume reporting accuracy, a trade with multiple legs in the trade would only be reported once in the volume reports. The example given would be:
Investor A is long 100 shares and wants to sell. They enter the order through their broker that is routed to a market maker. That market maker will go out and sell the stock into the market before they have bought the stock from you/your broker to close out their account. They do not take possession first as there is no guarantee they can sell the order into the market. By this Notice, the actual sale INTO the market is a short sale because the market maker sold the stock into the market BEFORE they had purchased the stock from you. It is a technicality since they know there position will be closed out minutes later when they go in and buy your shares. To avoid doubling up on trade volume and distorting the picture, only the sale into the market (consolidated tape) is recorded and not the second leg which was the sale transaction between seller and market maker.
So, this is why the short sale volume is high but also why the FTD’s and bi-Monthly short interest reports are not showing any indications of this volume. The short isn’t really a short it is the execution of a long sale by a market maker."
OK! I know it's perhaps boring reading, but hope it helps in the understanding of daily short volume...
Did not know Ron was buying more but glad to hear it. Since he owns about 40 million and controls alot more, just means that stock will be unavailable and the public float will be that much smaller..
Hamp, you and I grew up with the pink sheets. They were just that, a book of stocks printed on pink paper. That no longer exists, but the "OTC Pink Limited" is what took its place. It is still highly unregulated and easily manipulated. SEC just does not have the time or resources to properly police this segment of the market. That is also why serious investors will not and professional money cannot invest in this segment of the market. This is why I have said many times, RHCO needs to uplist to at least the OTCQB level. I still do not know if they can make the jump to OTCQX level, but am pretty sure they could go OTCQB. Either way, due to the more stringent requirements, anything higher than OTC Pink would be much better and would open the door to many more investors that cannot or will not consider a "PINK" listed stock...
Perhaps someone can comment on this that is more familiar with how things work today with all the computer systems involved, but I don't think a market maker in the "pinks' has to actually have an order for the shares they are showing. They do have to offer a "firm quote" for the price and shares they are showing. But I don't think it is the same as if you were seeing 1000 shares of Microsoft or Intel that might be routed from an actual buy/sell order for that amount. However I might be wrong, just seems I read that somewhere!
Not so sure the multiple store thing was such a great idea to begin with. Seems Neckermann.com would be perceived as an online retailer so money spent on physical store locations would require big overhead expenses (rent, utilities, etc). That money could have been better spent advertising and promoting the Neckermann.com & d5avenue websites... Hopefully that is what is now happening...
Cannot disagree with that!!! However, what I think is extremely important, is how over the past few weeks simply letting the public know what is currently going on with this company with a couple press releases has had a very significant effect on the stock. Not so much in pps but consistent daily trades and volume. A few new investors/traders have discovered the stock and their decision to make a few trades in the stock have at least made it interesting again.
So, RHCO website has been updated. The d5avenue and Neckermann.com websites for online retail look good and are working well as they have now for months. Most recently added to the website is the Hitting media website described in the most recent press release. In my opinion, if RHCO sees significant increase in revenue from sales, whether or not they are profitable will not matter (short term) and I believe you will see the pps much higher than it is currently..
I spoke with someone awhile ago from Belgium/Netherlands area. Whether true or not they said investors there mainly buy and hold shares and most do not trade. Perhaps that is the concept Ron does not quite understand about our market (that many people trade stocks and do not want to hold for the long term) and cannot account for the amount of shares being traded. This stock is up over 100% in the past few months so I can see some short term traders getting out. Also, with the daily volume being traded, it does not take alot of shares to account for it if some is in fact being turned over...
Hey Hamp, You, I (and a few others) have been trying for the past few years to keep up with and figure out what's "happening" with this stock...!!! You're correct that you have never seen "trading" like this (in this stock). Because there has never been consistent trading in this stock for more than a few days at a time. I for one am very happy to see the daily trading and hope it continues. When people see they can buy but also sell if they want, it makes people much more comfortable in their decision to purchase shares in a company such as this...
Without empirical data I personally cannot make a determination of a price target. However we are talking about a penny stock. The 2-3 major things I am looking at are whether or not the company can show significant growth in revenue with the online retail business. Whether or not the company can uplist from OTC Pink to a higher listing (hopefully OTCQX). But I personally believe at this point the most important issue is how many potential investors know about and/or follow the company. Over the past few weeks we have seen a couple news items and a few new investors come on board and the stock has seen some significant movement.. If more investors discover this company the PPS could still make significant moves based on what is already known about the company and its business plans.