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As to growing the business::, did we ever get an answer to why only 1 of the 5 Belgium Neckermann stores were actually selling product??? And since Ron and RHCO is in Netherlands, do we have any idea if any of the 8 Neckermann stores in Netherlands are selling product. Inquiring minds want to know....!!!
That seems to be the case! Growing the company is what we would all like to see. I just cannot get a handle on what they seem to be concentrating on to accomplish that goal. Seems Ron has ADD, (Attention Deficit Disorder) as he keeps jumping from one business Idea to the next.
For anyone that reads this EXCEPT Hampstead. Just to clarify my last post, he and I are not joking about the company in any way that reflects on what we believe to be the validity of the company. It's just that he and I have been on this Forum for years together and know how RHCO management thinks and what they are likely to do (or not do). They are terrible at public relations to investors...
We both know that's right:) :)
Ok I'm going outside to work in my yard, cannot stand the stress here!!!!
Using latest (but very old) numbers. 24,000,000 shares in Public Float, 696 shareholders. That works out to an average of about 35,000 shares per shareholder and I can assure everyone that number is "way" high as I know there are a "handful" of shareholders holding significant shares. 31 people follow this stock on this Forum and if people do not read this forum for news on RHCO then they Probably do not know anything about what is going on with the company. I mean if you are waiting on the company to make press releases or even update the RHCO website with up-to-date info, Good Luck!
They could get the price up quickly if they were to place a few big "market" orders. As long as any of the "insiders" that hold the majority of the shares do not sell, there is not enough stock on the street to fill big orders. MM's would have to start jacking up the bid, and fast... But, management will probably choose just to wait for the public to discover how great a company they are and expect they will do the buying. How's that been working out for you??????????
Any day this stock trades (even or up) is a good day. Due to lack of trading, I do not even mind the small closes on the bid of a few hundred or even thousand shares. If a $100 or so trade kills your stock price then something is terribly wrong...
B/A has tightened up. Maybe we will see it move higher soon.
I'm just amazed (actually flabbergasted). Been looking at some of these pennies that are trading 10's of millions of shares per day / 100's of thousands of dollars chasing them. Very few have any revenue, are accumulating massive debt they will never recover from and many are financing with Toxic Debt that will only drive down the share price more and more. Then I look at RHCO and just shake my head. Could be such a promising investment if only the Public Relations were handled in a competent manner....
To be listed and trade in the US, a company must file Quarterly and Annual reports. However, because RHCO is a holding company, they do not break down the individual companies from which there revenue is generated. Here is an annual overview of financials going back to 2012.
http://www.otcmarkets.com/stock/RHCO/financials
Here are the quarterly and Annual filings going back years. These also document the developmental history of the company.
http://www.otcmarkets.com/stock/RHCO/filings
This new forum member appears to be from/in Belgium. Perhaps he will stick around long enough to give us some unbiased information about what is happening over there.
Thank you for your Information. Those 5 locations match the January statement that of the 1st 13 stores, 5 would be in Belgium. Hopefully the 8 in Netherlands are further along in the opening/selling process. We across the pond have been told there has been alot of Press in certain European, local newspapers/media regarding this development. We however have seen nothing but a couple press releases that announced the original deal. I am interested in your opinion. RHCO has been operating in and around Netherlands & Belgium for at least 3-4 years now but us long term shareholders have been frustrated to watch what seems to be no interest at all coming from European investors in this stock (and almost nobody in the US has ever heard of it) Do you have any opinion as to why?
I've corresponded with Ron a few times but know you do often. Though you live in Canada (Vancouver area ???), I am in the US and believe a huge profit potential for RHCO stock is in this US market due to investors appetite here for penny stocks. US investors know most pennies are scams but are always looking and hoping to discover a REAL company that is trading for pennies that will one day be worth much, much more! Ron does not seem to understand this fact (or perhaps care).
RHCO PR release in January stated a number of stores to be open by March and You were told (by Ron) many more would be opened by end of April. We now have a new forum member stating only 1 store is actually/currently selling product to the public (as of 4/30).. Do you think you could get Ron to comment on this allegation??? I mean he did tell you a week ago they were (ahead of schedule)...!!!
As I stated (sarcastically), all these store openings are what we were told through a January Press Release and several conversations between someone on this forum and RHCO management. We have no verification of these planned events because company does such a poor job communication with shareholders/public. I would like to believe you are wrong about your information, but I have no proof from the company that you are not in fact correct!
Hope everyone recognizes sarcasm. But, everything I stated was fact.
Next week should be a BIG one! End of January PR of Neckermann.com states to have 13 stores open in 2 countries by end of Feb. Middle of Feb., Ron tells you should have 32 stores open by end of March. April 19, Ron tells you ahead of schedule and to start concentrating on stock in 12-14 days. That is next week!!!... I'll be holding my breath with anticipation!!!... You might tell Ron a PR update next week would really be nice!!!
If the stock were trading on a daily or even somewhat regular basis I would believe an upgrade for this company would not be that difficult. I have just personally never seen a company that has virtually no trading in its shares even attempt let alone succeed in upgrading. I'm still relatively sure it can be done, but I agree with you that there is or should have been a better/easier path to this goal.
Thanks! Ron stated in one of the press releases that they thought Neckermann.com could be one of the top 5 retailers in area within 2 years. I doubt very seriously that could happen since most of the top retailers are grocery/food related. However if they could just make it into the top 10 would be very significant.
If you have nothing better to do you might look at this site related to retail sales in that part of the world...
http://www.retail-index.com/Countries/ToprankingretailersintheNetherlands.aspx
Hamp, You think Ron would tell you whether the Neckermann.com rollout is proceeding as planned? Originally my understanding was they already had about 13 locations that should be already operational. Then they were planning to open up to approx. 40 locations across Netherlands & Belgium. Just Wondering!
Makes about as much sense as anything else that happens with this stock.
Financials out:
http://www.otcmarkets.com/financialReportViewer?symbol=RHCO&id=152792
Looks about the same as the quarter before only less Revenue. Hope the New Stores work out in increasing revenue as it appears the other businesses are not growing.
Ron and the guys need to get their financials filed or at least a filing that they will be late. OTC markets has given them the "Gone Dark or Defunct" rating due to no filings.
Tomorrow is end of March. Middle of last month Ron said they would have 32 stores open by then. Any idea if they hit their goal???
WoW! Someone saved the day (and that paper net worth) with a 100 share $11.00 trade!!!!
Actually glad to see todays $.035 print. Maybe if Ron or some of the other large shareholders see their Net Worth (on paper) based on that value they might scratch their heads regarding what's going on...
Hamp those weekly "stratagie" meetings between Ron and Bart must be really intense. Been what, over 4 weeks since a single trade in the stock? Just Amazing!
In the past I thought maybe RHCO being a holding company might spin off one of their holdings and give shareholders a stock dividend in the new company. However they have never seemed to have a management team in place that could develop any of their individual holdings to a point where that might be possible.
In the past I would normally never defend any of the RHCO managment. However Mr Bart has only had this position of Investors Relations Officer for a few months and up to this point has seemed to have done more than whomever had the position in the recent past. I doubt it would be his responsibility to file financial reports. Whether they file on time or not is probably not currently relevant as virtually nobody knows about/follows this stock.
For the past year or more they have always taken over 90 days per quarter to file. As they are in the midst of an audit, this release might take even longer.
Thanks! I just continue looking at it a couple times a day for the entertainment value.
Any big shareholders had to get that way by deals with Ron. There has "NEVER" been any big "market order" buys. Remember, for years I've asked what a million share market buy order would do to this stock and there has never been one even close to that... Therefore, I doubt any big shareholders have bailed because there's never been enough liquidity (volume) to allow it...
What Ron should have done a long time ago is get advice of how to promote his company in the US market. If numbers are true, RHCO is a penny stock that is actually generating revenue, growing, and has been profitable for the last several years. I could see a comparable US company with this history having their PPS fluctuate from lets say .10 to 1.00. Not saying the stock is worth either at this time, but for "TRADERS", they would take notice and trade this stock.. Perhaps Ron being from Europe, is more accustomed to "INVESTORS" that might buy an asset and hold it for many years. If that is the case, the stock pps will never do much......
One would think he would have mentioned to some of his contacts that they might like to buy some of this stock... Appears everyone just assumed there would be buyers show up. Seems they forgot that if nobody else knows about it they cannot very well buy stock in it...
Well, perhaps this will be a positive turn of events. At least he is going to discuss "STRATAGIE" with Bart. Up until now I was not aware they had one when it comes to supporting the stock. Wonder if he has a budget to operate on. Remember Ron saying it cost money to make press releases...
I know the feeling. I believe we could be close to something developing on the trading front with the new Investor Releations guy and the Audit announcement. But they certainly have no sense of urgency about any of it. As before we seem to be back to no trading volume which currently concerns me more than anything else.
This is good example why I only agree with you to a certain point regarding big shareholders giving up shares to help stock pps. This news release for most penny stocks would more than likely be met with big jump in pps as well as alot of chatter on boards about what this could mean to future pps. However, only me, you, Hamp and a couple other individuals will probably see this release. We probably already own about all the shares we care to at this time, So without some new investors learning about RHCO, Nothing is going to change. But, at least we are now getting press releases that might accomplish exactly what is needed.. New eyes on this stock and company!
At least it all sounds much better. As we have said before, guess we will just have to wait and see.
Well another strong opening for RHCO in a short 4 day trading week!!! Hamp, I really liked the PR about the Neckermann.com acquisition. However being from the US, the wording left me confused. In the US a store,for Example: (Neckermann) could have an internet site called Neckermann.com, but that would not be the same as a Neckermann store that has a physical/real location. RHCO says they now have an interest in Neckermann.com and are to open 13 stores in February. Are those to be real stores or Internet sites????? And, Since we are Half way through February, have they opened any yet or will the openings be announced all at once at the end of month???
Thanks Hamp. I too thought it could simply be a translation issue because I have seen so many statements from Ron and others that do confuse due to translation. With that said, I wanted to point it out now before someone else decides to makes a big deal about it at some perhaps crucial moment in the future... You and others might have noticed I have no problem pointing out or asking these questions, but it is not because I want to see the stock go down. It is because I actually believe this company can end up being something significant and I want the difficult questions answered now! Up front!
I have seen the following statement before and wondered exactly what it means in regard to RHCO the public Company. Does this mean Ron and the bunch are skimming the best cream off the top for themselves or do they have completely different investments that shareholders of RHCO are not part of. Anyway this statement is copied off the RHCO website:
Should you be interested in the possibilities of investing in funds managed by Readen Holding Corp., please do not hesitate to contact our Chief Investor Relation Officer Bart Lugard on bart@readenholdingcorp.com.
Also makes me wonder if Management is only working Part-time for RHCO....
Thanks! I checked old site only yesterday and it had still not been updated in almost a year. Maybe this new COO will finally make a difference... Good first move!