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What really _isses me off about this stock (OK one of the main things that does) is that when I bought it, there was almost no revenue and alot of debt. When Ron came along, Revenue started coming in and Debt was paid off. Now, I think I am correct in saying except for the forth quarter of last year, the company has been showing revenue and a profit for the past 2-3 years. However no increase in PPS. Frustrating!!!
Yea, It was about $.70 when I bought the 1st shares.
Think I've got you beat. You got me to wondering so I looked around and found that back when I was doing alot of day trading, I bought 1500 shares of Beacon Light Holding Corp., May 1998.. Do not remember why I bought, but I bought more 8-10 times in those early years and have never sold any (Primarily because for 6-8 years after that, the stock was basically NO BID). So when I keep saying I am just watching this one to see what happens because I wrote this one off a long time ago, I mean a LONG time ago...
Yes, but it's also why a few of us keep hanging on to this stock just to see what happens. A penny stock company that makes money, is growing, has a very low public float and that nobody knows about. That appears to be a recipe for a stock that could really make a big advance if it were to ever get any significant buying.
Up-list, I believe would be the most important and significant thing they could do at this point in time! I'm with you, lets hope! By the way do you like to trade, check out the one year chart on this NYSE: stock LDL. This is the type chart I look for to trade or write covered calles...
Have you heard whether company has any developements that might be upcoming news? Or, are we all just sitting around waiting for cattle to breed??? Not that I do not think that is a good business to be in, just slow to develope!
The vast majority of stock is owned by a hand full of insiders that do not seem to be intested in buying more and are apparantly not willing to sell at the current low price. There is a small public float but very few people that have ever heard of this company...
He is probably also the investment advisor for other companies that are more important that RHCO. I'm sure he will get around to it eventually. When he has time! Buying more at 4 cents? Like I have stated several times in the past, this company needs liquidity (shares being trading). Without that it would be like throwing your coins in wet cement. You might (chip) a few out at a time but you cannot get a large amount out when you want. So far today has been a big day with 30,000 shares traded. Would $1000-$2000 change your life???
Yes, you are correct Sir! Sorry, that was a popular phrase by Ed McMahon from the Johnny Carson Show. Maybe this new guy will realize that if they want the share price to appreciate, it will probably happen by the investors of the US. It is obvious that investors in Asia, Europe, etc. have not been interested in buying shares on the open market. However, if investors in the US see a good opportunity to make a buck, they will jump on it. Sorry, but I have seen too many companies that offered nothing substancial, see huge volitility in their stock. This company has alot to say but nobody to listen.........
Yes the start to another exiting (though shortened) week. No News, Website has not been updated in months, Blah, Blah, Blah!
I agree! I have had similar thoughts. Since most of the major shareholders are currently European or Asian, it appears to me that this company is being used as a tax shelter or something similar to that (being American, I do not know their tax system/structure for companies). However, what really angers me is the fact that as far as penny stocks go, this company is the perfect candidate for big price gains. But, it just seems as you stated, the majority owners do not care about the pps...???
Hamp, I'm good with that. I've read past financials where Ron and the others have cancelled shares on several other occasions. However, I hope to see about 70,000,000 or more shares subtracted out of the outstanding shares. Looking forward to hearing about any new deal...
Press release is not enough, I believe they had better be filing an amendment to their quarterly financials!!!!!! Even if they did sell this company and did not make a press release, they also did not explain away the series of transactions regarding this deal in their latest quarterly financials. This was supposedly a huge deal with significant ramifications to shareholder equity/value. They have stated in both press and financial filings that they issued 100,000,000 shares of new stock at a value of $1,00 each, and 3 convertable notes valued at $95,512,125 with a conversion price of $1.00 per common share, convertable at the note holders option for this purchase. Since there was only about 158,000,000 shares outstanding when this happened and currently about 261,000,000. That represents huge shareholder dilution. What happened to the convertable notes? Do they still exist? And if they were cancelled, wouldn't you have to write down these values on your financials since you have been showing them as assets on you previous financials?
Sorry, I went back and looked and the quote was: " GRS Capital Group has been taking "stock positions" of large quantities of tantalum and copper isotope". This caused me to think at the time, it was futures contracts or options. If either two of those words would have been used, it would have been clear to me the company did not really own any physical metal. Still hope I'm wrong. If not, then in my opinion, there is no reason to believe this stock is currently worth much more than it is currently trading!
So what happened to $200,000,000 in assets for that big transition metal deal from a few years ago??? No mention of it as if it never happened and nothing to explain what did happen! I've stated here more than once that I did not understand the terms of that deal and with this release I am even more confused. What bothered me from the start was a statement that they were buying metal "contracts". Which to me means they were buying some sort of futures contracts. I hope I am wrong, but appears to me the contracts have expired and RHCO does not own any of these metals that they have been carrying on their books...
Ronald did get back to me Friday 1/23. Not sure due to his English if he was speaking to "me" individually or "us" as shareholders. Anyway this is what he said: Confirmed is currently in China. Said: "will come to "me" on tomorrow with explaination of developements this year. We will surprise alot of people in a positive way". Regarding filing of financials: "waiting for an answer of the OTC. are late but at moment having problem uploading in the system. waiting on answer then will be current again". That's the latest and hope you had a nice vacation...
Thanks, I did send it to his old address.
Email to Ron: 1/21/15
Hi Ron,
I understand RHCO reinstated you as CEO due to the fact Mr. Leenders had health issues. Congratulations I guess..... but I'm thinking you were not excited about this developement. I think you probably have alot of other (irons in the fire) and you were hoping to have some help in the daily operation of RHCO. If that was the case, I hope you can soon find the help you needed.
Also, I see Mr. Davie Wise Esq. is no longer RHCO's legal council but new council is Mr. Joseph Pittera. Due to this developement, I am not sure how this change (of legal council) changes the SEC filing rules regarding when a company must file their 10-Q or 10-K (if it does). Due to that misunderstanding, it seems to me RHCO is currently in violation of SEC filing requirements for their 1st Quarter 10-Q. filings (Your Late).
In any event, we few shareholders here in the U.S. would really like to know what is currently going on with RHCO.
Enjoy yourself! I doubt much will change while your gone but I'll keep watching.
Will be interesting to see if anything happens. If Promotion begins next week, that should also be about the time company releases quarterly earnings (usually around the 21st-22nd except for this years annual report which company is allowed more time to submit)... I'm sticking around!
Regarding any PR campaign starting this week, so far it certainly has not helped. Currently appears Ron has been scammed or perhaps scammed again based on past promotions...
Hemp, can't say I have previously seen the exact scenario that has been playing out the last few days. However with that said, does this look to you like a fishing expedition. Trying to see how many cheap shares might be offered if the bid is significantly raised from where it was.... If that was the objective, it seems to me to be a big flop... You and I know there is very little stock available to the public. For me, that means the PPS is either going to stay flat due to the lack of liquidity or at some point it might explode if there is a real demand for shares...???? That's my opinion and I'm sticking with it!
Was going to ask you the same question. What.. opened with purchase of 100 shares @ .20? Not sure what kind of game is being played. Perhaps there is something going to happen in the next few days???? Anyway, 1st quarter earnings should be out in approx 2-3 weeks. Guess we will see then if anything interesting is happening with revenue..
Just wondering. Any particular reason you originally bought this stock which has come to be RHCO. Since Beacon Light Mining was originally started not far from where you now are, did you happen to know any of the original people that were part of that company?
Like I said earlier, I wrote this one off along time ago and now that they seem to be a real and growing company, I can't see selling just yet. However, I'm not saying that if the pps were to spike up as penny stocks are known to do, that I would not sell with the intention of buying back at a lower level!
I've owned this one a long time & bought it for totally different reasons. Was either Beacon Light Mining or Beacon Light Holding when I bought it. Name changed to Wellux International, Aug 2001 then to Readen Holding Corp. in 2005. Was basically a worthless stock for about 10 years & I wrote it off as such along time ago. But in summer of 2011 there was a change in control of company and new management soon acquired 100% of Readen Industries Ltd. That really started building the company to where it is now. Most of us here that comment on RHCO are old timers (@ least with this stock) like me. We just now think there is alot of potential and since we/I have held it so long already, I personally cannot see selling when the future continually looks brighter and brighter... We just need more people to learn about this company & start following it as so few currently know anything about it.
So, John1981. Not sure how long you've been watching this thread before your 1st post, but after this past week you can see why the handfull of us that follow this stock are so frustrated with its trading. What should be great news for any "Penny" stock and we get what 4000 shares traded on Monday, and 4600 on Wednesday (the day of the news) "0" trades Thursday and Friday!!! Amazing!
So what do we think of this news? Didn't see this one coming, but sounds interesting to me. A sales forecast of 7.000.000 Euro for the first year in just the Dutch market sounds like a good start for a new business.
I think your post contains more strategic information about this company than we have heard in the past year or so... One problem regarding your statement "let's see when the public starts to think the same". The public (@ least in the US) doesn't know anything about this company. Furthermore, there is really no way for them to "discover" or "hear about" this company unless someone tells them about it. Look at the number of followers on this forum (33). Been less than 40 for the past 2-3 years. This company has got to embark on a program to promote itself to get some public exposure (NOT HYPE, but PROMOTE!).
I'm beginning to wonder if this is just a PART TIME JOB for the majority of management. We got a new CEO almost 2 months ago but have not heard/read a word from him as to what his plans are for the company. Strange! Not only no word from him but no word about anything... Are we now to believe the company is just waiting for cattle to breed. I thought this was a holding company that had interests in many different companies. But, I see no evidence of any of these other companies doing anything. If they are, it would be NICE for shareholders to be updated on each one.
Guess so! Hey, as long as you can find people that will make deals that value your stock at $1.00 when it is trading for less that $.10, who needs the stock to actually trade. Problem is, management has about issued all the stock authorized. So, something has to happen. I would think they will either do something to increase liquidity and hopefully shares will trade higher and increase in value which would give management options. Or, I think they will increase the amount of stock authorized, which is not what we shareholders would hope to see since it dilutes our share value even more... The worst option for current shareholders is they reverse split the stock then authorize more shares post split. That is what bothers me about the fact there is less than 10% of outstanding shares held by public...
Just wondering! This company has about 262 million shares issued and outstanding. You and I own some of the approximately 24 million shares in the public float... The primary insiders own the big blocks of the remaining stock. However, with no liquidity they cannot sell to cash out. So what's the use????
Is this simply a status symbol for them? Perhaps an asset to show a lending Institution for a loan??? What is the exit strategy for these Big shareholders?????
A Companies Required "Filings & Disclosures" and a "News Release" are 2 seperate things unless you want your Filing to be a "News release". Appears RHCO did not want that. (We are talking small companies here that might not want to pay for the news release).
The website I use to find both is: http://www.otcmarkets.com
Once there you enter the stock symbol and on the left side you can choose News, Filings and Disclosures or other information.
To save time, you can look above the big black RHCO chart on this RHCO home page (under the RHCO Press center heading) and you will see the link you can click to go straight to NEWS at this site. http://www.otcmarkets.com/stock/RHCO/news
Once there just click "filings and disclosures" at left side for reports.
You're right, nothing to watch. However, financials are out. I was just so unempressed I did not repost it in the forum but did up above in the list of links for qtr & annual reports. The only thing I saw interesting to me was the items that make up other income, (wich includes commission income), was over $1,100,000 with the majority of it appearing to come in the most recent Quarter. If that continues on a consistant Quarterly basis, it might be the 1st evidence of Rev/Income growth I am looking for the company to show. Just hope that one bright spot was not a one time event. The loss of Revenue and Increase in the cost of goods sold, were both disappointing and disturbing.
http://www.otcmarkets.com/financialReportViewer?symbol=RHCO&id=126499
I agree, neither have I held one such as this for so long. I think we have both been around long enough and have seen so many small emerging stocks go through the roof with virtually no potential compared to what RHCO (appears) to possess. I know I am reluctant to just get out of this one, thinking as soon as I would something would happen to bring attention to it and it also would go (through-the-roof). Anyway I do not own enough that selling at this price would do anything for me. But, enough that if anything good was to happen it would hurt (if only my feelings) that I might have missed it.
PS, I love Scotch, especially single Malt.
Could use another one now! This bottle of water I'm drinking and watching this puppy sit there and do nothing, is as exciting as watching paint dry.
I'm on vacation today. Having one now! Cheers!
Looks like the 2014 annual report is going to be alot later than normal. In the past, RHCO released both Quarterly and Annual reports in about 50-55 days (around the 22-23rd of month). Companies have longer to file an annual report and I think RHCO has 90 days to report an annual before they would be considered late.
Wagyu by itself does not mean much as to the quality of beef. It is a japanese term that litereally means "Japanese Cow or cattle". It has to do with the Breed of cow. Some "wagyu" breeds in japan are bred for field work so obviously are not worth the big bucks. However It sounds like regarding RHCO, the whole purpose of this acquisition was to secure a pure bloodline that is worth big bucks....
Here is more information than you might like on the subject http://www.buedelmeatup.com/2012/12/04/the-difference-between-kobe-and-wagyu-beef/
Latest Quarter & annual report should be out any day now (usually released on about the 22nd so a few days late). If they show significant increase in revenue for latest quarter, perhaps the pps will jump up a bit (accourding to the Rev. increase). If they show about the same amount of Revenue, I expect to see the pps not significantly changed from where it is now for the next 3 months...