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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.
Perhaps you should also point out that what happened today is what you and I knew could, should and would happen if only a few people in the US (and Canada) knew about this company and what they were doing over the past few years. Ron and his brother Joop have just been too fixated on their circle of friends to rely on the forces of the market. A few years ago they signed a number of deals based on the share price reaching $1.00. If it would have ever come close to that pps, they would not have had any financing problems over the years. But, how can a stock go up if nobody has ever heard of it??? Anyway, thanks and look forward to hearing from you.....
Hamp. See why I've said I would absolutely LOVE to see a really big Market order placed on this stock. Look at what a few hundred thousand shares traded did. And, only a small amount of that traded @ .20-.30 but since there is really no significant stock to be bought, what else can the market makers do but really jack-up the bid.....
That's interesting! Neckermann name is well known over there. Just hope Ron and the gang can capitalize on it....
Hamp. if you read the news, (30% interest for 500,000 shares).... perhaps this is where some of that 400,000 shares you asked about came from. No indication it was restricted stock so would guess this company might have sold for cash!!!!
Hey Hamp. You see the news "Stockssss" posted??? Could you please tell Ronald that if he is going to put out a presser, it would be nice if the Readen Website was up and running. Or, is it just my computer has a gremlin in it as I do get an unusual message when I try to check the site....
The OTC market has several levels. Highest level OTCQX requires high standards, the lowest (OTC Pink) has almost No standards. RHCO is at (Pink) level. Stocks traded here rarely have income, are usually thinly traded, can be easily manipulated, are usually a scam and therefore are not usually followed by investors with serious money. RHCO had approx. $4 million in revenue 3 years ago, $8 million 2 years ago, $2 million last year and $1.2 million in first quarter of this year. Whether management can figure out how to get company profitable (again) is the big issue. Also, last Feb. RHCO hired a respected US independent auditing firm to prepare the company for an uplisting from Pink Status to OTCQX. If this does ever happen it will open the door to huge amount of capital and investors that will not (and cannot) touch this stock as long as it is PINK. The big question is and always has been whether current management can pull that off or not...???
Hamp, I'm sure there are some people that are glad to see the trading and volume over the past couple of weeks and might give up a few shares. But, I still think you will see this stock make a big run at some point when a few more people learn about it.
Nice to see a few new names on the board following RHCO. A few of us here have followed this stock for many years and know it inside and out. Couple of facts you might find interesting. Almost all the outstanding shares of this company are held by insiders or "friendly" shareholders that have no interest at selling anywhere near these levels. The public float is only about 24,000,000 and with that low float you might ask why doesn't this stock move more than if does. The answer is (look at how many followers are currently following on this board "34") nobody in the US knows about this company. Most of us long timers here, bought shares of RHCO when it was a different named company, and under completely different management. However with what the company has been doing for past 3-4 years, Me and a couple others here have stuck around for so long because as "penny" stocks go, we know this is the kind of stock that could easily run, run, run.
Bottom line in my opinion is that they should have been on top of this situation a long time ago...
That is all true and I would also like to know how those holdings are progressing. However, from what I read in this release, and considering RHCO stated they are focusing primarily on retail, sounds to me like the company being sued did not provide all the internet code required to properly integrate or restructure the neckermann.com site as RHCO needed to set up the new business structure. Perhaps like Microsoft years back got in trouble for not providing code that allowed other software providers to be able to make there software work with Microsoft windows and/or other programs...
OK Hamp! Now we know or have a better idea of what has been going on for the past year. Hopefully this will be a positive step forward!!!
http://www.otcmarkets.com/stock/RHCO/news/Readen-Holding-Corp--OTC-PINK--RHCO--Takes-legal-actions-against-Axivate-capital-partners?id=150925&b=y
Thanks, I'll see if I can shoot him an email soon. Got alot going on at moment but will try asap.
Hamp, we need a press release from Ron. RHCO hired Thayer O'Neal last Feb. as Independent CPA to audit 2015 and 2016 financials... Aug 19 PR stated RHCO expected audit to be finalized in 6-8 weeks. Progress report would be nice since there has been some trading in the stock over past 2 weeks...
Also, they need to check their web site as it seems to be down...
Yes I understand web traffic as I have owned a few websites myself. Was just wondering if you thought Neckermann.com could carve out a niche based on its recognizable name in Europe. A business plan to succeed or fail will be based on the management of RHCO...
Hey El Gordo! I/we know Neckermann is a well known name in Europe having been around many years. I was just wondering if "you" feel Neckermann.com can be successful in todays competitive internet environment? Doubt they will ever be a huge player, but at rate shoppers are now purchasing online instead of in brick-n-mortor stores, there exists plenty of opportunity for other than the online giants. Since it looks as though RHCO has placed most of their eggs in this one basket, it appears to me that the success of Neckermann.com will determine the success of RHCO
So Nice to see some trading happen. Would be great if it would continue. Even if the pps stayed relatively stable for the time being, the fact that shares would be trading would make me and I'm sure others feel much better about the stock...
Hamp, have you heard from Ron as to how he is doing after his operation?
Sorry, But the 3-4 of us on this side of the Atlantic that have heard of RHCO and try to keep up with it, have not heard anything new. The insiders/owners on your side of the Atlantic do not seem to care about the share price. Going so far as to tell some of us that some big investors do not want the share price to increase "YET". That is ANATHEMA (word of the day, look it up) to investors in the west, so we are in the dark just as much as you seem to be...
Happy New Year! But, does not look like there is anything "new" here.
Hamp! Has Ron ever resumed corresponding with you? If so, since financial have now been released for both Annual report and 1st quarter ending Sept 30. how does Ron feel about their current sales as it relates to their sales plan. Do you think they are on track???
1st Quarter financials ending Sept 30.
http://www.otcmarkets.com/financialReportViewer?symbol=RHCO&id=164316
Not sure what to think as this appears to be first quarter with Neckermann.com operating most if not all the stores they had planned. Would think 2nd Quarter which will include the Holiday sales should be much stronger and perhaps a better indication of how things are proceeding with this transition to mostly retail.
Sorry, Not always able to answer phone mainly because I don't hear it.
Do you actually know Ron S. the CEO of RHCO? Or anyone else involved in the company for that matter???
Hampstead and myself (which seem to be the only ones on this side of the Atlantic that ever talk about this company) are very disgusted with how this (public) company seems to be run as a private one. News is almost non-existant and now the financials which are always delayed are now excessivly late from end of June to now...
Good Movie! However, main character dies at the end reaching for that Butterfly.... Is that what we are doing? Reaching for a Butterfly???
That makes two of us!!!
Interesting that he no longer responds to your emails.
My twisted logic... Company has not posted Year-End financials from June 31. Company is late in filing (my understanding) even for a company located outside US which allows extra time. Company has not had attorney issue statement of why Financials are late.
So do you think they would like to see the stock tank even more so they could buy up what few shares they do not control??????? Not sure why they would want to see this happen as they can do anything they want with their controlling interest. But, for the life of me I cannot see the benefit to Ron and current large shareholders to have the stock not trade and/or appreciate in value!!!!!!!!!!!!!!!!!1
If Rons big investors still do not want the stock price to go up at this time, they are certainly getting what they want!!!!!
You know there isn't. It's me you and 2-3 other people that read this forum. There are thousands of investors out there that would at least be interested in knowing what this company is doing and hopes to do. But, Ron seems to be unwilling to accept the fact he must start and have some sort of plan to inform the public of who and what RHCO is and is about...
His statement to you about big investors not wanting the stock price to go up at this time would probably get a CEO in the US removed from his position......!!!!!
Looks like another exciting week! Can you ask Ron if we should expect Annual Report this week? They usually have it out by now last year was released on October 15th.
Checks in the Mail. Oh! I mean Check your email! :)
Thanks!
Think we might see the annual report released this week??? Should be this week or next if they keep to their past schedule.
I agree and I also agree with your previous statement that he should be private. However, he might as well be private with the lack of information/transparency of the company. At this point, that fact doesn't help you, me or any of the other shareholders but hopefully if they succeed in uplisting, they might have to be more timely with their filings and other information...
Another exciting week of trading.
Thanks. Perhaps things will get interesting soon regarding trading and share Price. Hopefully Annual Report will be out in a few weeks. Maybe we will then get a better picture of whats been going on...
Think I will do that over the weekend. Maybe we will hear something for first of next week.
El gordo, have you read any news in the Belgium/Netherlands area regarding the Neckermann.com stores or company in general. I try searching with google but basically find nothing up to date.
Thanks!
I'm taking advantage of good weather and pressure washing my back deck (actually wife said get it done or!). By the way, my son moved to Seattle about 6 months ago & he and his friends visit Vancouver often. Any (known only to the locals) secret places or restaurants you might recommend??? Understand if you do not want the tourist to invade.
Any reason to believe there will be anything happen here this week???
Dito on that!