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I've owned this one for a long time so this is my opinion.
In 2011 there were 35,163,922 shares outstanding of 45 million authorized. Freely tradable shares (or the public float) were 16,036,422. After the big change of control that year, the authorized shares were raised to 295,000,000. Today the outstanding shares are 261,467,074 but the latest figure for the public float was 3/31/2012 and was 23,786,422.
Management and a handfull of others own all the stock in this company. There is no indication they have ever been sellers of any of their stock. You might notice on this forum, there are currently only 33 followers. That is primarily because virtually nobody in the United States knows anything about this company. Those of us that have been following RHCO for a long time are just wondering when there will be a discovery of this stock by the general public.
Financials that should be released in a week or so will be for the Last Quarter of this year (2014)... I hope he does not mean Last quarter of Next year.
For those that cannot read a press release, this guy does with a few added pictures. Not sure what's up with this but I guess it can't hurt.
Earnings for last Qtr. will be out in a week or so. I'm really hoping to see some evidence of sales from the Transition Metals Deal. I've never felt comfortable with that whole transaction and would like to see it start paying off with a significant increase in revenue.
Short term I doubt this is significant in revenue. But, from what little I know about cattle and from their last press release on the subject, looks to me like they are beginning a serious effort to expand their herd. Since there aim seems to be to supply this high quality beef to markets, I do not see them wanting to breed the animals to any competitors like you would expect from a great Horse.
In the past I complained that nobody reads RHCO press releases because nobody knows anything about the company. However, this is the first time I remember press releases that were not released. Did they just forget? Only after reading your message did I start looking and finally found the 2 releases on the RHCO website. Yes they are very interesting. I find in very interesting they elected a new CEO that actually has real business management education, though I have no doubt Ron has plenty of practical/hands-on experiance. Since we have discussed many times what appears to be a problem with management, I think this a move in the right direction. Anyway, I could not find these press releases anywhere except RHCO website.
Heard from Ron. Said next week they will get back to work. Guess about all we can look forward to is earnings report in about 3 weeks. Everyone have a nice weekend.
Putin spent 16 years as an officer in the KGB and has been either the President or Prime Minister of Russia for the past 15 years.
He has so much more political experience than our President that he consistantly out manuvers him. I do not know if the US and UN can reign him in but I think the next year or two will be interesting to watch.
That really Sucks! Such a waste and tragedy to the friends and families touched by this unfortunate event. I'll send him an email of condolence for what it'sworth.
Perhaps this is somewhat inappropriate to ask, but do you happen to know if any of Rons family, friends or associates were on the plane that was shot down? Heard almost 1/2 of passengers were from the Netherlands.
Long time ago when there was nothing else on TV, due to my night job I got hooked on a daytime Soap Opera. Finally stopped watching but a few Years later I watched an episode. Damn if it wasn't as if I had never stopped watching. Seemed as though nothing had really changed and that is how I feel watching this stock!
Amazing what selling 30,000 shares of a thinly traded stock can do. All for about $2800. That's why I have said many times how I would love to see just one really big market order placed for this stock. It's the reason I keep watching this company because I just know that if I sell my insignificant amount of shares, the price would skyrocket....
I also would be happy and I would be able to tell people I owned that one, but I would never benefit from that kind of gain unless it happened overnight. I would have been long gone if I owned any penny stock that made the kind of rocket move CYNK has.
Like watching Paint Dry. While CYNK with no revenue goes from .06 to a daily high today of $21.95
No Clue. Unless it was my buy order that got filled above the market. Not that it was, it would just be my luck. Nice little uptick today!
Hopefully not Rip Van Winkle. I don't have that many years left to wait.
For what it's worth! Going back to your and my days of discussing this company when it was Wellux International on that "Mad/Angry" Bull Forum... there is now a RHCO board there that hopes to attact a few more eyes to look at this company. It's a shame that only 35 follow this company on this forum and total scam stocks have hundreds. Would appreciate any input you or others might like to add to what has been posted there about RHCO...
Sure looks like those that have a few shares of the Public float are not really interested in getting rid of it right now.
If that amount goes staight to the bottom line, that would increase shareholder equity by about 50% from last weeks quarterly report.
Does the statement "The total invested value will be 125 million" mean that will be the asset value and since RHCO owns 51% of Nedfiber, they would own 63,750,000 of that value???
And do we know if that is US dollars???
Regarding the Financials, already stated my disappointment in lack of Revenue growth. But besides that, the report looks good to me for what they did.. Cash went up almost 5 million and total assets as well as shareholders equity went up about 11 million. If my math is right, and using $.18 as the closing price, the company has a book value of about $.493 or $.473 if you want to subtract the 5 million "goodwill". That gives you a Price/book ratio of either .365 or .38. Anything less than 1.00 means stock is undervalued and you're buying at a discount to book value... Hope you are right about the revenue from the transition metals kicking in soon. Have been waiting to see anything regarding that transaction show up as news or in the financials.....
Haven't had time to read the details. I was simply focused on one, actually two numbers. Revenue and Net Income. With what the company has been doing up to this report, I have been waiting to see an increase in revenue and so far it has not happened. Glad to see they are still posting a profit, but no matter what, you cannot post significantly larger profit unless you generate significantly larger revenue...
Well hopefully tomorrow (FRI) is the day for financials. Regarding those HK contracts, no way to know what the net income will be from those, but assuming 35% and if that approx. $15,000,000 USD were all booked in one year (which looks like it will not), that would equal about 2.25 cents per share earnings.... For a Penny stock!!! Using a 20 PE Ratio we whould expect $.45 pps from that revenue alone. And a 20 PE for a profitable penny stock with significant growth prospects is RIDICULOUSLY Low. That's my opinion and I'm sticking to it!
Again, Great News! Just too bad nobody but us have read it. Company usually releases earnings around the 22nd so we should also see the latest quarterly earnings released this week.
Certainly seems to be a great announcment. Shame it hasn't produced any interest. However, as we have stated here so often, how many people actually saw the press release since so few know about the company??? This is the first press release I can recall that actually states a contract with a $ figure or possible revenue that can be expected. By the way for anyone that hasn't looked it up, 1 HKD currently equals about $.129 US dollars so 60,000,000 HKD is about $7,740,000 USD.
Has moved from $.06 range to where you see it today in just over a month. All on small volume as there is very little stock in the public float. Majority stock owned by insiders and they are not selling. Stock rarely trades over 100,000 shares per day mainly because company does almost all its business outside US and almost nobody in the US has ever heard of the company. Company will be releasing earnings in about 2 weeks and although they have NOT posted a quarterly loss in almost 2 years, those that follow the stock are hoping to see a significant increase in revenue to show some of the companies acquisitions from the past few years are starting to generate additional revenue. If that happens and some additional buying comes into this stock, it could easily double from here in the near term.. If you do some research into some of the companies deals of the past Year, you will see where management based much of the stock @ $1.00 per share so it seems they at least have that figure in sight as a goal...
Am I actually seeing correctly? Less than 80,000 shares traded and it pushed the price up to .20! Still would like to see what a big market order would do!!!!
Nice to see a little volume or at least see some trades at all! Guess we should see latest Quarterly earnings in about 2-3 weeks. Will be interesting to see if anything has changed (with Revenue) or if the company was just carrying on like before....
Bid has not been this high in about 1 1/2 years. Seems this level would shake out a few shares but does not seem to be much selling happening. If we could start seeing some new buying pressure here, I think you could see some nice moves up...
Missed some of it. been away from computer for two days. Kind of having withdrawl symptoms...
Was begining to wonder, just how long their holidays last:) Nice to finally see RHCO respond positively to such low volume.
Guess it's still a holiday for some...??....:)
Hard to say. This stock is unique for me. Almost every aspect of the companies business is outside the United States so it's hard to follow. If all RHCO has "stated" they are doing (and I say that trusting they are actually doing it), were from a US based company, I could see this as one of those penny stocks that surge 100's if not a 1000% Seriously, this stock has traded at .03-.05 not long ago, and .30-.50 would be 1000%. It is just frustrating that nobody follows this stock but you can see 100's of people following/hyping crap stocks on other threads of this site............!!!!!!!!!!!!
Another thing I think is a positive. Hamp, has often complained about mkmkrs that short stocks. IMO most Penny Stocks are crap with nothing to base their pps on except hype. But, if I were the trader for a mkmkr that shorted OTC stocks, I would be very cautious to short RHCO today. Co. has posted consecutive quarterly profits, they are growing revenue, and they do not have a history of trying to pump & dump the stock. There are too many other crap stocks to short than for RHCO to be high on my list. Just looks to me to be an example of a company one could be caught in a short squeeze.
I'm actually looking forward to next week. You & I know this, but if others were to look back at the chart of this stock, except for few months a few years ago, RHCO has traded most of the time around or Less than $.10. That means there are not that many shares owned at a higher cost. If pps was to spike to $.15 or more, it would shake some of those shares out that were bought @ .15-.25. But, I think after that, mmkrs would start finding if difficult to find stock if there were a significant increase in buy orders... Seems to me they would have to start really jacking the bid to find shares...
Just not going to happen until there is a real effort to re-introduce this company to the investing public (primarily in the US). I, nor do I think most other traders would currently buy shares of this company as a short term trade... Like the song "Hotel California" says: "you can check in but you can never leave"... I agree, there really needs to be not only daily volume but more significant volume than what we have seen in the past. But, I also believe upon learning what this company is building, their are many investors that would be perfectly willing to buy shares of this company for the longer term and wait to see what happens.
Maybe that would work. But, when I was a broker and we had presentations by companies, we were a very skeptical bunch. Even after all these years I doubt that has changed... We wanted to hear about something exciting, special, or just a really well thought out plan of how a company was going to make money. Because, for us to make money, we had to turn around and sell this company and its presentation to our clients ... While I like the long term goals and prospects of RHCO, what few press releases they have made have not contained much to excite anyone. Start talking about the revenues you expect to generate off your business ventures and I have no doubt people will start taking notice.
What do you think would generate some interest in this stock? Past publicity attempts has not really had much effect, certainly nothing that lasted. I mean look, we only have 35 people following the company here on this site. I know the company has not shown enough cashflow to really justify this, but if they were so see significant revenue starting to come in, I think perhaps the announcement of a stock buyback program would be interesting. Would prove management believes stock is undervalued and As long as they do not retire the stock they could always reissue it at later date. Hopefully at much more favorable pps...
For anyone that reads charts, this day would really stand out for RHCO. Knowing this stock is not followed by anybody but the few of us here, hopefully todays action might trigger a look from somebody whos software program that analizes significant moves/volume, kicked this one out......