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Disregard statement about the website. Not sure why I could not connect on one computer, but have since on several others so that is my issue not theirs. However with that said it would be nice to see the website updated.
Also appears they forgot to pay the bill for the website as I have not been able to connect to it recently? So, I have been wondering what Ron could do to cause interest in this stock. I doubt he can state they are selling off any of the corporate holdings because none seem to be worth anything. Can't see them paying a dividend because are not making enough cash to do that. So I finally hit upon the best answer. Expect a couple of pounds of expensive Wagyu beef to be delivered to your door at some point in the future as payment for your continued support!!!!
OK, you've got me beat by a few... Hopefully we will both live long enough to see something happen with this company and still be able to enjoy/benefit from it!!!
Yea, I'm probably older than you by a year or two (or three). Just this past weekend I went to a family reunion were I had not seen most for over 25 years. Their comments as well as yours reminded me of how old I am, how short life is, and regarding this stock, how I/we cannot wait around forever to build a company unless we believe management really knows what they are doing. I am not convinced they do!!!! However, because there is no bad news (just little/no news) I still hate to sell my shares thinking as soon as I do this penny stock will get noticed and jump up in price and I will be pissed that I did not hold on a little longer. I'll probably keep holding my few shares since it is not enough to change my lifestyle!!! But, I am not happy with management!!!!!!!!!!!!!!!!!!!!!!!!!!
Good to hear but like you I'll believe it when I see it. I have said all along i believe the big problem with the stock is that there is no volume which translates to no liquidity. It is one thing to try and inform potential investors that you have an interesting company to own shares. But, who wants to buy shares in a company that once you're, in you're locked in and cannot get out. I think I once stated it's like the lyrics of "Hotel California", "We are programmed to receive. You can check-out any time you like, But you can never leave! "
Sorry, wrong about the outstanding shares. Still says 261+ million outstanding. Overall, nothing to be excited about...much less revenue, less additional income. An additional 4+ million in assets but listed as (Other current assets). Don't know what that comes from... I'm tired of it all. As long as they do not post overall losses, I doubt the stock will go much lower but also no reason to go much higher. If there is an unexpected or unexplained spike in the stock pps, I will probably bail out of most of my shares. although it is not much, pretty certain I could have used this capital and increased it by a significant amount over the last few years. Maybe I'll buy it back at 5-6 cents in a couple of years (after the cows multiply and start being sold)!!!!
I'll look at them more closely when I have time. Quick glance tells me I'm not impressed and see no revenue growth. Looks like they reduced the outstanding shares by about 23 million from last report but regarding that whole "transition metal" deal, they should be reducing outstanding shares by about 100 million. Back to about 163 million not the 240 they now are using in this report.... I wish this stock was trading back at the $.20-.25 level. I think I would be jumping off the high dive to get out...
Since last year they went from averaging 60 days to release financials to 4 months for last Sept. and 5 months for last December Qtr. If they do not take even longer, then week after next (first week of August) would be when I expect them.
They can do that since Ron and his associates own the vast majority of shares. I know of no other course of action (since they are in no hurry to increase the stocks pps), except to sell shares and try to use the proceeds to generate cash. Hopefully, you can time the stock in a way to buy back-in at some point and hopefully be able to buy back your position and have some cash left over. Looking at all the business interests Ron and RHCO claims to be developing, the only one I think they are concentrating on is the Altembrouck property and the Wagyu beef cattle. I am not at all impressed with the Altembrouck estate since I can drive 1-2 miles from my home and see numerous properties that look as good or better (not bragging, because I do not own one of them, just saying!!!). I actually do like the Wagyu angle and think that it's worth alot down the road, but it does take awhile for cattle to get to marketable age/weight... Any day now the latest quarterly financials will be out. Compare them to last quarter and if there is significant growth in revenue, hang on and wait. If not, consider selling and come back to this one at some later date!!!!!!!!!!!!!!!!1
Just wondering. I can track the bulk of the outstanding shares by reading past annual reports. But looking at the approx 262,000,000 outstanding and taking into account that about 80,000,000 of that is related to the Transition Metal Deal that appears to have been a scam and hopefully those shares will be cancelled or clawed back in some way. That still leaves about 182,000,000 of which Ronald is beneficial owner of about 40,000,000 and the public float is about 30,000,000 (but that probably includes part of Rons stash). That still leaves over 100,000,000 shares outstanding that are owned by various individuals or entities. Wouldn't you think that those holding that much stock would be asking/demanding some results or accountability regarding the lack of trading in the shares of RHCO as well as the low Price of the stock...????????
Only 4-5 attended. Nobody else realized anyone/thing had died!!!
The only updates "if you want to call it that" I have seen since last summer is if you click on the Facebook symbol on the website. I guess you could just go to their FB account, but I do not have one so I do not know about that. Anyway, most of the comments are in Dutch so not much use to me. However there are a few pictures posted that I have not seen anywhere else!!!!
The part of that statement that is troubling to me is his lack of understanding of what drives up the price of a small - growth stock. He has been making deals that value the stock at $.25 - $1.00. and I would guess those individuals thought there would be trading in the stock that would cause a price increase so that they might realize a profit. Well surprise, surprise, surprise... Nobody else knows about the company and if Ron is waiting for the stock to trade based on its earnings per share!!???...gonna be awhile.. Lets see, if RHCO was to show "net income" of $2,600,000 that would be about a penny a share earnings. Using a PE Ratio of 20 that would only be $.20 per share. Everyone that has made a deal would still be underwater and RHCO has not come close to posting net income that high.
Not surprising in light of the past few years of trading history for the stock. Not to offend the couple of other individuals that occasionally post on this site, But if it were not for you and me discussing issues about this company on this site, where else/how else would anyone on this side of the big pond know anything about this company???
Was hoping to come back after a few days and find something/anything "interesting" had happened. NOT!
Why would you think that??? A year ago the stock was @ $.20 and at that time you and I (at least I) thought there would be more stock hit the market that what did. Except for Ron and his 40,000,000 or so shares, the majority of the remaining shares that have been used for acquisitions since 2011 have been valued at between $.25 and $1.00. These individuals or institutions do not appear to be ready to sell for such a huge loss. Especially since the company has been generating larger and larger revenue figures....
I agree with you! Read my post #2930 from back in January when Hamp and I were discussing this issue.
Why would you think that. You have the biggest shareholder & CEO making deals that seem to benefit him and his family but not really the other shareholders. I realize he also is a big shareholder, so I expect at some point he/they will want to see the share price increase. But, currently they can just siphone off money to any of the many entities they have set up to do business with Readen Holding. And "NO" I am not in favor of authorizing more shares to raise money. Just look back at that D5 Metals deal that almost doubled the issued shares. However, that whole deal seems to no longer exist. As if it never happened. But, the shares still appear to be issued, thus diluting the shareholder value for the rest of us.....!!!!!...????
That's only $400-$500 worth of stock. Get worried if you start seeing 100's of thousands if not millions of shares for sell. Using best numbers I can find... When current management took over company in 2011 there was only about 16,000,000 shares in the public float and approximately 650 shareholders. (Simple) math would indicate the average shareholder had less than 25,000 shares. Since then there have been a number of events that's caused a few individuals and institutions to hold millions of shares. Outstanding shares are now somewhere between 240,000,000 and 261,000,000. Take your pick because both numbers are referenced in the last 2 Qtr. financials. Anyway, so far none of the big shareholders seem to have tried to sell anything...
Well 2nd Qtr. financials are finally out. http://www.otcmarkets.com/financialReportViewer?symbol=RHCO&id=137471
Looks like company generated more Revenue and Income in the first 2 Quarters than all of 2014. Just shy of $7,000,000 vs just over $5,000,000. At least from that stand point the company seems to be growing nicely. Still not showing much profit, but I am rather sure management will find ways to keep that to a minimum since they can always increase expenses. Just look at the growth of operating expenses. In latest qtr. that to is almost as large as all of last year!!! Well as always I will keep watching to see what happens....
I've been where you are and lost a few friends because of it. That's why I try to be cautious with what I say today. Good luck to you. Hope something good comes out of if for you.
I was a broker/investment banker for 10 years. Some of my current friends were (or are still) brokers. Several of them could easily buy RHCO (all outstanding stock) for its current market value. However, I have not (nor will I) mention RHCO to any of them until I am confident of management and the future of the company. So far RHCO is just another penny stock which in my opinion has alot of potential. But it is not worth my reputation to ask anyone I worked with to invest...
You're right about that. I do not think he has a clue as to what it takes to support the price of the stock. He will not even post press releases because it cost money to do so??? Come on. How else is the public to know what's happening with the company. I had about decided to talk with Ron about trying to help them out in return for a few shares of stock. However that was before you told me of your experiance so I guess I will just keep watching for a while longer.
You're right about that. I do not think he has a clue as to what it takes to support the price of the stock. He will not even post press releases because it cost money to do so??? Come on. How else is the public to know what's happening with the company. I had about decided to talk with Ron about trying to help them out in return for a few shares of stock. However that was before you told me of your experiance so I guess I will just keep watching for a while longer.
You have corresponded with him many times more than I, so I am not about to try and defend his actions or why he responded to my email. I would hope he was just really preoccupied at the time. But, if I were in your shoes I would not accept that as an answer or reason to not fulfill whatever agreement you two had. Especially when it involves cash out of your pocket. However, my email regarding financials was rather strong in its accusations of "what the hell is going on". My post here was paraphrasing what I asked. I will say that I am interested in these financials to be released. If I do not see something that leads me to believe that this company is in fact growing, then my patience will have about been maxed out!!!
Yesterday I asked Ron about the release of 2nd qtr. financials. I also questioned whether the NEW legal council understands the US filing system since RHCO has gotten later and later with their filings. Today he answered and agreed they are having trouble finding good legal rep. and compliance officer. But, also said company is growing very fast and doing extremely well. Said he believes filing will be done in next 5-10 days, and apologizes for the delay. Take this any way you want but it's what Ron said in response to my email.....
Yes, well he stated a week or so ago he is personally sitting on 600,000 shares and his friends/investors own another 3 million or so shares. Read his post 2986.
Almost none of the stock of this company is owned by anyone in the US. Mostly Netherlands, Hong Kong and I think I remember "Hampstead" said he lives in Vancouver.
I believe "Hampstead" is getting out of some or all of his due to disagreements with management. I think he and his people own or control several million shares so could be selling pressure for some time to come.
Yea! Hate to hear it because even now it seems the company has alot of potential. However, also seems Ron & his group are not interested in seeing the share price appreciate. Still cannot understand why as that is basically printing free money when it comes to using stock for acqusitions...
Think I would feel the same as you! Ok, here is a going away present (Maybe). If you want a 10-1 trade, I am confident you will see HD at least touch if not exceed $150 by this time next year. If you buy the Jan 2016 130 or 135 calls at current price (approx $2 or $1.5), I think you will have a good shot at a 10-1 payoff though you might have to wait till the end of year to see it. If you have some safe but also somewhat at risk money and would like a really good yield, look at CVRR. Master Limited Partnership so must pay out most of its profits. Been yielding 14% plus since came public couple years ago...
Questions about management and whether or not they are competent to run a large company can be debated. Not paying a promised debt in a timely manner, really causes one to loose credibility. Why not demand he at least issue you some stock for payment. At 2-3 cents a share, $9500 worth would give you a nice chunk and I think you should be able to make a little off it. Eventually!
A person can only wait so long. I certainly understand.
Would think any day now. However, over past year they have been taking longer each quarter.
At least we should see 2nd quarter earnings out soon. Use to be released about 60 days after quarter ends. Last couple have been 90 - 120 days so that would be any day now up to end of April.
You're preaching to the choir! If you read some of my past posts, you will see I have been saying this for the past several years. No trading volume means No liquidity. Would be nice to see a big pop in pps, but if you cannot get out?????? Most investors do not want to put themselves in that position.
Our discussion was more about what the company has done and is doing to grow. You are correct if pointing out the direction of the price of the stock. That is why the 3-4 of us on this forum keep wondering why management does nothing to promote the company. I believe people usually buy penny stocks for one of two reasons. To try and catch a quick move of a stock that is being hyped or at least releasing alot of news. Or, to try and invest in a small company that appears to have the potential to grow into something significant over time. RHCO seems to me to fit the latter. But, who relly knows!
Didn't mean to ignore you! I along with a few others contribute to this forum and have followed this stock for a long time. If you in fact research this company and look at the financials for the past few years, I think you will agree that for a penny stock, this company is moving in the right direction and worthy of an investment (if you buy long term). My/Our main complaint is that management and majority shareholders (which are European and Asian) seem to be waiting for the world to "discover" this company. However they do very little to make that happen. (They rarely even pay to have press releases published). This lack of publicity of the company seems to imply that management is not trying to create a pump-and-dump situation. But, it has also created a situation where nobody (in the US) knows about or follows this stock/company. Therefore there is very little trading volume in the stock... That is the main reason I keep holding this stock. As long as the company is generating revenue (and showing a profit), it is worth something. If the public ever "discovers" the company, I believe the share price could see a huge move up....
I think perhaps current management owns this "public" company for all the wrong reasons. They certainly have had, and currently have opportunities to do things that would cause interest in trading shares in this company. But, it seems they have their own reason for owning major shares in the company that has not yet been made apparent to you and me...
Ran across this interesting article/vidio. Not saying it applies to RHCO, but I am sure I have owned shares in companies that this scenario happened. Eye opening and important to anyone that buys/trades Penny Stocks. http://www.bloomberg.com/news/articles/2015-03-12/josh-sason-made-millions-from-penny-stock-financing