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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!
I agree with Ron! Won't say all stock promoters are "crooks" but many are. So why is he dealing with them??? You have to pay promoters, or give them free or cheap stock and/or both. For past few years, Ron has until last week been very hesitant to make press releases. Yes you do have to pay for them. However, If he would use one of the BEST news services and not the cheapest, It would be vastly cheaper than using a stock promoter. It would also reach many more qualified investors and news services do not seek cheap or free stock... Which also leads to 2nd problem. As long as RHCO is on OTCPinks, most investors won't or can't invest in the stock. Back in Oct. you said Ron wanted to uplist to OTCQX which is top of the line OTC. I said then and still think RHCO cannot qualify. But if they plan to try, they have to have a third party advisor. Current Attorney Joseph Pittera list on his website 33 companies he represents. 3 are OTCQB, 0 are OTCQX and the rest are Pinks. There are actually some very big companies listed on OTCQB which I do think RHCO would qualify. Fannie Mae, Freddie Mac, Wisconson Electric Power Co. to name a few.. Here is list (not sure if it is a complete list) of advisers RHCO would need to proceed with OTCQX qualification...
http://www.otcmarkets.com/research/otcqx-advisor-list
It is amazing to watch. Months ago Ron said he had group wanting to buy as much as they could at .10 or less. They could have bought at less than .05 for weeks but apparently they didn't because there was rarely any trades during that time. Now more buyers promised but maybe the price had gotten too high for them. Well that is what we have been saying, it only takes a little buying to move this stock because there is so little available.....
Last Friday...."Look for better week next week", "have lots of buying lined up"???? Ron, Ron, Ron..... You've done it again!
I guess there are two main ways to go about publicizing ones company. Brokerage firms already have investors so you can work with one or more of them to have them present your stock to their clients. Or, you can try to get your company public exposure and hopefully investors will find you. The latter seems to be all Ron has been willing to try and we see that has not been very successful as far as price per share is concerned...
I agree. However, they have always been horrible wording their press releases. The recent release "Readen Holding Corp Takes Majority Stake in Neckermann.com and Opens 13 Stores in 2 Countries", that was actually one of their best, IMO. But the Stars Ventures??? I ask you , of the three managers (to be), one is describe as, and I quote: "is a former Formula 1 and Indy Car driver. He's using his experience and winning spirit in business", and the second, "started his career with Triodos Bank and started his own software ventures, which he successfully sold". Ok, I am just filled with confidence in these two at running an investment fund. But, maybe that's what they do and how they do it in Europe.... It does not fly well here!
I guess since stock stayed in the .02-.05 range for an extended period of time over past year, that someone is just trying to shake the trees for some cheap shares. Appears they are not enticing many at this range.
Glad to see another NR after going for so long without any. As for this one, it may have huge ramifications going forward, but for me it is one of the most boring I have read. I fully understand why anyone unfamlier with RHCO would find nothing in this release to cause any excitement to buy today. I have NEVER seen a breakdown of the revenue numbers RHCO receives from the INDIVIDUAL companies it owns or owns shares. So they set up a fund to manage some of these companies/investments. Just what does that really mean??? I do not have enough information to determine whether I believe this is a good move or just another deal like so many in the past that we basically never hear about again...
Hey Hamp, alot of deals using stock are made based on the average share price over a certain time frame (past 10, 20, 30 day's etc.). We both know RHCO has gone days without trading at all but for past 7 trading days has traded with decent (sometimes really good) volume. Since news states RHCO is obligated to fund 1,500,000 Euros of the cost. You think that might have anything to do with Rons statement about the buying they have lined up??? If so, we could see good volume for days to come!!!
Past 6 trading days have averaged about 255,710 shares per day (even with a day of 10k and 58k). I would think there are traders/investors out there that have software programs that evaluate significant volume increases that would be looking at this stock about now. However, we now have 33 followers on the board. Hey, we picked up 1!!!
I've owned this stock as long or longer than Hamp so we both have seen it all. He is correct about the small float. I bought it either when it was Beacon light Holding or Wellux International. The last time the float was mentioned in a RHCO Financial report was March 2012. There was also a mention of about 630 shareholders of record at that time. My guess is most of those shareholders (like me) as well as a good portion of the outstanding shares were bought many years ago and are basically small shareholders that long ago wrote this stock off (as I did) as a loss as it was basically "0" bid for years.... Since I have never actually received any (written/official) correspondence from RHCO my guess is that most of these 600+ shareholders do not even know it is still in business as Readen Holding Corp......
Sure nice to see! Hamp and I have been saying for a long time, if only more people knew about this company the stock would respond positively. You have to admit as far as pennys go, this is an unusual one. Generating revenue, showing a profit almost every quarter for past several years (except last reported qtr. which I now believe was probably due to expenses related to the recent news), and while they have diluted shareholder value by issuing shares, it usually seemed to be for purposes of acquisitions. From what I can see, seems to be no deals that would be considered (toxic debt) which is so prevalent in penny stock land!!!!
Well it does appear we have some new eyes on the stock/company so the fact we actually have trades happening at all is a welcome change. You think we might soon get back up to the $.25-.30 range we were at a few years ago??? In my opinion the company is much more solid now than back then.
Well Hamp, it's been a long time coming but I can see where this deal would have taken awhile to put together as well as all the other changes, employees/directors etc. I hope this was what Ron knew was coming when he told you he needed more time and that RHCO would soon be uplisting. If and when that happens, this stock should finally get some recognition. The last few days should have proven to some how a relatively small amount of stock traded can dramatically effect the pps of this stock.
You're probably right about n/r. Guess we will see sooner or later!
If there is news, I have not been able to locate anything about it. Perhaps Hamp has an idea of what it might be since he corresponds with Ron much more frequently than I...
Counting You and your friends, Me and Mine and Jaxflguys 550,000 shares, there certainly isn't much left of the stated float. Whether good news or bad, at least there is a little excitement and I am thankful for that... Oh, none of the shares sold were mine. Couple pennies mean nothing to me so I will continue to watch...
Pretty sure it was just because they were late filing financials. It happened before either last qtr. or one before that because I remember posting something about it to Hamp.
I am not a securities lawyer (or lawyer of any kind) so excuse me for questioning whether that is legal. I suppose since there are only a few major shareholders, they can decide to do whatever they want since they have the votes. But I would think all shareholders should be notified of what appear to be major events. Anyway, you're right, we shall see & hopefully soon!!!
That is one thing I can say I have never noticed about insiders of this company. As of yet they have never seemed to try and dump anything on the market. Who knows what the future holds. Some have been locked into their positions for years now so perhaps some would like to sell if they thought they could. But with such lack of trading volume, how much could one realistically expect to be able to sell...
(Oh) Thanks and Happy and Profitable new year to you and all our friends Here!
U R Correct which is why I posted what I did about anything positive in this release. Comparable Revenue for Qtr. ending Sept. 30 2014 was over $2,500,000 vs $1,400,000. So what has Ron been doing?????
I have my opinion of what is going on but I'll let you make your own. Look at Annual Report released 3-4 months ago. http://www.otcmarkets.com/financialReportViewer?symbol=RHCO&id=149428 On last page, States Board canceled 70,700,000 shares that were returned to Treasury. Also look at Beneficial Shareholders and you see a NEW entry: Boysen Ltd. -- 70,000,000 shares....Now latest Qtr. report shows entry of ((Osman Boyraci - by Boysen Ltd.)) owns 70,000,000 shares..... Osman Boyraci was already listed as a director for RHCO for past 3--5 years so he is not new to the RHCO family... Only Appears he has a new title.
Was hoping to see something positive. In the event I missed it, maybe someone can point it out to me. I am an optimist at heart...
http://www.otcmarkets.com/financialReportViewer?symbol=RHCO&id=149428
Hope you do not mind me answering for Hamp. Last year Sept financials were released Jan. 26. Quarter ending Dec. was released May 6. Use to be able to count on financials in 60-90 days, but for past year it has been closer to 4 months.
I actually decided several months ago that if RHCO traded up just a bit I was going to sell mine. I still plan to watch it and get back in when & if management ever starts to appear to care about the share price. In the mean time I believe I could make a little by trading this currently "frozen" cash. However, you have witnessed how much trading has happened with this stock over the past few months... So, still we wait!!!!
Has been almost a month since the last trade in this stock. Shameful that the major shareholders are allowing this to happen. Of course we know Ron controls much more than the approx. 40 million shares he directly owns. It is still pathetic that a CEO plus any additional important individuals in this company would allow this to happen to a (public) company that actually appears to be growing at a respectable clip.
My 2 yrs of German studied at an American High School effectively prevents me from being able to read or understand virtually anything on these videos (poor excuse for satire). However, since Ron has not supplied any news recently, I tried to find anything current and this is about all I came up with off Facebook, YouTube, etc...
Seems more people follow the Altembrouck Hotel/property than everything else related to RHCO (combinded)!
https://www.facebook.com/Altembrouck/
At least I could understand a little of what a couple of these guys said. Kind of updates where the Wagyu Cattle Herd stands.
https://www.facebook.com/Altembrouck/videos/vb.107492641849/10153136825776850/?type=2&theater
The Altembrouck Website is actually not that bad. Click the British Flag at the top for the English version.
http://www.altembrouck.com/
Yes, I almost hate to look at the RHCO forum board because it is so depressing to continually see "0" activity (both stock trades & comments from followers of the stock). I cannot get over the amount of stocks out there that have ZERO chance of ever being a legit enterprise. Yet they have 2-3-400 followers that are constantly writing about the company. Yea, I know most are just trying to talk up the stock to dump their shares. But at least if you have 200-300 followers, you will have a few that are actual investors looking for a company that in fact might eventually succeed.
If you already owned the stock, yes $.003 would be a bad thing. However, I've been watching a couple stocks lately that have been trading between .0001-.0003 and .0004 and .0008... They both have been trading something like 5-100 million shares per day. Both have a current market cap (less) than RHCO. Yet, due to the fact there is liquidity in these stocks, I recently traded one & doubled my money in a couple days (though the stock is still trading in the same narrow range)... I believe I will be able to do this again with one or both of these stocks, so I will continue to watch them. But, I would not put more money into RHCO (although I believe it is a more financially sound company) right now due to the fact there is no liquidity to get out if I need (or choose) to do so... As a side note, one obviously cannot expect to do these type trades in micro-cap stocks with large amounts of money, but when you can do it with a few thousand dollars at a time, it does adds up.
You're right! Has been an amazing thing to watch. As I have stated before, has been about as interesting as watching paint dry or grass grow...
Thanks!
So do you really think it has been 16 months or so since RHCO had anything significant happen that could be considered news. Would be nice to one day see an update on each of the company holdings.
The 32 followers of this board have not been very active this week!
Have a nice weekend!
He also said there is a group wanting to buy all stock under $.10 but I have not seen them show up yet. However, Ron now has over 70 million shares of treasury stock that I suppose he could make a deal with any group (or anyone) for $.10 or less... You and I could not do anything to prevent it... But, let me say this now. It appears RHCO generated over $10 million in Revenue and Other Income last year and that is significant. I reiterate "it appears". So, for anyone that wants to stick with this stock, all I/we can do is sit back and watch/wait to see how events play out...
Perhaps Ron was saying he "HOPED" one day to Upgrade to OTCQX.
There are 3 levels to OTC markets, (OTCQX,OTCQB, & OTCPink) RHCO is currently listed as OTCPink which is base level and almost any scam company can be listed here. I would be amazed if RHCO was able to qualify for QX as it consists of the best companies and there are very strict requirements to be listed. However, there are a couple of exemptions available and RHCO might be able to squeeze into one. OTCQB is the next level above OTCPink and I think RHCO could qualify for this level. It would make a huge difference in Investor confidence as companies listed here are at least considered serious and not your everyday penny stock scam...
If you have a minute, here are the levels and requirements.
http://www.otcmarkets.com/learn/otc-market-tiers
That really sums it up doesn't it, "he's not worried". Why should he be? However, look at that last page of the current annual report. There are 10 individuals or companies totaling 70,700,000 shares that appeared to do business with RHCO and accepted or agreed to Private Placements of Stock as payments for ?services or perhaps their businesses??? If you remember or look back at old financials you see these were valued at anywhere from $.05 to $1.00 per share. I would think all these accepted these shares expecting a higher share price as well as a market to exist to trade or sell them. If Ron is planning to do future deals with stock, one has to wonder what result this cancellation of 70.7 million shares of previous deals might have on future negotiations! As well as the Millions of dollars that were never paid to RHCO as agreed to in the Private Placements and how that would have benefited the company and shareholders.
Hamp, I don't have a problem with the financials for last year except for the fact the 1st and 2nd quarter revenues were by far better than the 3rd and forth. Unless those were just one time occurances (which I would find troubling), I would hope to see Revs even out and become more predictable. No my problem has been, is and will continue to be the lack of trading volume in the stock. Anyone with any experience in buying/trading penny stocks, know the danger of trading thinly traded stocks and most stay clear of them for that reason.
Actually I will answer my own question. What investor (I will not even ask what "serious" investor) cares to park their money in a stock that averages less than $250 per day in volume. Even that is a misleading figure as this stock goes days and even weeks without a single trade.
Mmmm..A penny stock more than doubles revenue to over $8,000,000 and shows a decent profit for the year (although management which is also majority shareholders probably increased general and administrative expenses to minimize the profit & taxes). So, a group of investors wants to buy up everything below $.10 but we still have a bid/ask of less than $.05.... None of the current big shareholders seem to be interested in buying more shares here at less than $.10.... What am I missing here.... Just does not make sense to the "average" investor (of which I claim to be one) "average that is"!!!!
Sorry missed this but Annual Report was released early this past week. Net Profit for the Year looks to be $523,686. If I subtracted out the numbers correctly from previous 3 quarters, RHCO had Revenue of about $1,099,168 and a Net Profit of $33,788 for the 4th quarter. Annual Revenue was just over $8,000,000 compared to $3,830,442 in 2014. Total other income looks to me to be just over $2,000,000 but I'm not sure of that figure as I cannot make the numbers add up they have posted. However, I'm tired and maybe I overlooked something. Perhaps this is why there was some trading in the stock at the end of the week. Also looks like they did claw back over 70,000,000 shares...
http://www.otcmarkets.com/financialReportViewer?symbol=RHCO&id=145278