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Good possibility of news soon regarding nice contract deal. However, at this point consider this a rumor!
Depends on things that have been in play for awhile and still might not happen.
Management said they are not going to release B.S. announcements or promotions just to try to increase SP. So, if something significant happens they will release that news.
Still, over last 3 quarters company reported huge % increases in net income.
Sept. 2022 Net Income of +$54,316
Dec. 2022 Net Income of +$822,343
Mar. 2023 Net Income of +$1,886,501
At today SP, company only has about 7 million market Cap. ???
Amazing to me the current SP.
Great earnings report. But!
Certainly did not resulted in any buying from our friends in Southeast Asia, (Singapore, Hong Kong, etc.) or Europe, (Netherlands, Belgium) where Nerckerman is located and doing business.
When uplisting on OTC finally happens, we had better start seeing some trading volume or additional news that is equally encouraging that might convince current shareholders to keep holding what few shares they own.
Sept. 2022 Net Income of +$54,316
Dec. 2022 Net Income of +$822,343
Mar. 2023 Net Income of +$1,886,501
Seems company is doing what they said they would do and profitable earnings that are increasing is what one would hope to see. However,
The stock trading at $.02 is beyond ridiculous.
New Revenue Stream announcement.
"It is projected that in 12 months, Readies will generate between 50M to 100M EUR in revenue "per month", with an average profit margin of 1% to 2%. "
https://www.readenholdingcorp.com/news/the-launch-of-all-new-readies-3.0%2C-an-evoucher-payment-system-utilizing-blockchain-technologies
That has been rather obvious. I thought maybe there was an obstacle I was not familiar.
Seems there just may not be many Investors in that market that can afford a $.02 USD stock.
Certainly there is, as Hong Kong has one of the highest % of residents that own stock in the world.
Hopefully something good will happen soon!
Finally got answer to my question regarding if Hong Kong/ Singapore, et al., investors can invest in US OTC Pink listed stocks (without special account).
Ron S. Says they can. But no China Citizen can.
I have questions asked to Management and am waiting for answers.
I do not know (but am hoping for an answer soon), I really do not think investors in Hong Kong/ Singapore, et al., are able to purchase shares of an OTC Pink Listed stock without setting up some sort of special account or at least jumping through hoops that makes it impractical for most invests to even consider.
I think this is why up listing on OTC is so important.
Fact the company is generating revenue that is funding daily operations and actually showed a profit last filing, is unique for a penny stock.
The current SP is a joke and I have been picking up a few with limit orders that do not get filled as often as I would expect. Problem is, virtually no trading volume.
These quotes are almost meaningless as they are based on a few $$$$ worth of shares.
Like to see someone try to buy 500K or 1 million at market and see what happens to SP.
Well if you do not want to support your stock SP, this is a textbook example. Make a few positive PR's but none of your insiders buy. Nobody else outside the U.S. seems interested, and why would anybody in the United States buy or buy more when there is clearly no buying interest anywhere?
I still think the company is working to grow and since they are generating revenue, they should be safe from total bankruptcy. But how long do we wait. Not even any Twitter updates recently whey they were using that platform for a few months.
Just totally frustrated with this whole team.
Well, got an answer about Web site being down a week or so ago. Ron S. (former CEO,,,,,,, and if I fully understand the answer), said the company was consolidating their service to one provider.
I had suggested the possibility that it was because the company was changing it's name to better reflect its current business interests (what I would do). However, seems that is not the case.
Sure would be nice to see some buying interest from some of those that are "not" in the U.S., but seem to be expecting U.S. Investors to bail them out..
USU
Glad to see (company) is working towards something! .Maybe more news regarding all they have been promising would help.
News! updates! Anything!!!!!
Thanks. At least the website is back up.... A little news would be nice!!!!!!
So today Readen Holding Website does not work.
Asked company if this was the "extra" news that was announced but delayed and if the company was changing its name to better reflect the future of the company, thus changing the website domain name to match.
Or, did someone just forget to pay the bill??????
Guess we will learn soon.
Not good for investor support when you promise a big announcement and do not deliver. Then you announce it will be delayed and still do not deliver!! (You still have Two days) Then I guess you can say it will be delayed again. OH! did you notice that promise did almost nothing for the share price???? To bad if that was the purpose. I'm waiting! Many others are also. But we are not buying. Why should we????
trading.jeff
Monday, February 13, 2023 9:34:06 AM
Earnings are filed. Revenue Up 152% and Earnings Up 1,414% from last quarter. We are showing serious growth and will be sharing an important development later in the week.
We promised more news this week however we are slightly delayed with the announcement. It's worth the wait! $RHCO
2:52 PM · Feb 17, 2023
Trading in this stock is totally "FUBAR", (look it up if you don't understand)!
Great, Great news regarding Earnings and Revenue growth. However, No real increase in trading volume (as expected).
Sorry, but the small number of investors in the United States (including myself) that actually follow this stock, are not planning to purchase more shares until we see others "pitch in". You know, buy a few shares!
Those of you in South East Asia, Belgium, Netherlands, Turkey, Etc. (Areas where $rhco is doing business), either you support the stock by purchasing a few shares, or just expect to loose a big part of your investment,
I also!
I have never owned stock in a company that made so many bad deals, yet that also attempts to correct them and/or claw back shares that were used for those deals.
This latest with the land deal in France is holding up the OTC uplisting. I would really like to see more investors that can buy, but not sure those that are in other parts of world actually can without this uplisting... Just do not know and all I can do is wait.. Thank goodness I trade alot of other stocks that this is not an issue.
Readen Holding Corp
@ReadenRHCO
Earnings to be released on 13th February. We very much look forward to sharing them with you all! $RHCO
2:32 AM · Feb 10, 2023
Agree! Heard back from Ron today. Said they are working on some great things and Business is Growing. After that his translation into English was fuzzy to me.
In case your missed it, CEO letter to shareholders 1/5/23 addressed the issue of Up-listing.
" the reason of the delay of our up-listing process, has been the cancellation of the acquisition of Quentin S.A., the company which owned 64 acres of prime real estate alongside the Rhone River in France. RHCO has sent the agreed purchase price of 16 million shares of RHCO common stock to a notary. Yet after 18 months the seller still failed to deliver the shares of Quentin S.A. as agreed in the agreement, thus RHCO has to take legal action. And because of this, our up-listing process needs to wait until this legal dispute is resolved, which we estimate in the next 60 to 90 days."
For the new year, Good Luck , Health and Prosperity to everyone !
Asked management today for any news that might help " New Investors" stay interested. Hope to have a PR Soon.
I have owned this stock for years and had many, many conversations with management. While we disagreed on certain issues, I can say it is one of the few penny stocks I have observed/followed that although they did increase authorized shares a year or so ago, have rarley issued new shares. In fact they have cancelled and clawed back many 10's of millions of shares over past few years from business deals and investors that for whatever reason did not play out as promised in the original deal. At some point I expect this will be trading many times higher than current SP. At least they are generating enough revenue to fund daily operations as they continue to grow. GLTA!
What a shame! A company that current SP should be 5-10x's more than its current level. Unfortunately, it seems everywhere they do business, (southeast Asia, Belgium, Netherlands, Turkey, etc.) these people apparently cannot buy (or they choose not to) shares in this company that they know about or perhaps even work for. I'm not sure why But I have asked management and They seem to just kick the question down the road each time I ask.!
Obviously for years they have expected and hoped that the US investor will "bail them out". Actually, I believe they/we would if you just give them some assurance that at some point other investors will show up... G:LTA
Posted this for some others so might as well do it here also:
Was recently telling some people how the big shareholders do not sell on daily "noise", and why I feel this stock could easily jump 10x's the current SP (and still would not shake loose very many new shares for purchase).
As of SEPTEMBER 30, 2022: rhco listed:
Total shares authorized: 999,500,000:
Total shares outstanding: 343,348,724:
"Number of shares in the Public Float1: 28,786,422:"
Total number of shareholders of record: 776:
Gerardus R. Steenbergen (forner CEO) Beneficial Shareholder
35,915,152 Common Stock 10.46%
1,233,333 Preferred 50%
Yu King Ma Officer and Director
62,090,000 Common Stock 18.08%
Richard Klitsie Officer and Director(CEO)
53,410,000 Common Stock 15.56%
Iggy Matheeuwsen Officer and Director
5,000,000 Common Stock 1.46%
Murat Boyraci Beneficial Shareholder
20,606,822 Common Stock 6%
1,233,333 Preferred 50%
IT Star Limited Beneficial Shareholder
28.600,000 Common Stock 8.33%
This is all Public Information:
https://www.otcmarkets.com/otcapi/company/financial-report/350901/content
Finally heard from Ron, so at least he is OK and still working with the company.
Said there should be some news in next few Days but no clue as to what might be about!
Have not seen/heard from Ron S. for awhile and he had been posting current info frequently up until about a month ago. Sent a message last night to see if he is OK. Has had a lot of health problems so hope all is well.
A post I made on another site last Thursday almost certainly caused the action and price movement this week. I have been saying for a LONG time that only a little volume in this stock would cause the SP to increase dramatically. Wow, it only took an extra few thousand dollars of buying to doubled SP in a few days.
I asked Ron and we (investors) need to know the status of the OTC up-listing and what/why the delay. Will post any info I learn.
Well glad to see a bit of activity. Sure wish some of our day trader/Discord groups would find this stock. A few thousand dollars of trades moved this over 25% today. Wonder what a few million shares traded in one day might do. That would be interesting to see!!!
I was being sarcastic of course, but RHCO does have a Twitter account and a few months ago they were posting almost daily.
What happened?????
https://twitter.com/readenrhco
Could someone contact Elon Musk and have Twitter investigate the RHCO account. It has obviously been targeted and suppressed as still nobody has heard of this company... What a Joke, but the joke is on Me!!!!
Oh Well, people that work for this company do not buy the stock. Those that the company markets their goods and services, do not buy the stock. Actually, nobody buys the stock. The big shareholders still seem to be "hoping" someone, somewhere will start buying and make them wealthy. Good Luck!
I too am a shareholder and I'm waiting for something. Just no longer sure what I am waiting for!!!!!
Very Interesting, does anyone know if this deal provides revenue to the company or is it just a great way to advertise? I like it. Hopefully a few others will also and buy the stock.
https://www.readenholdingcorp.com/media
Yes there is encouraging news in this PR. Showed a profit even though they had a problem for 5 out of 12 weeks.
" RHCO reported an increase in Revenues of 410% compared to same period of 2021. Yet due to a dispute with one of the major payment providers regarding technical issues, the Company’s own payment gateway OkePay has setback in revenue for a period of five weeks during that quarter. This resulted in an underperforming quarter, however the Company still managed to record a moderate profit".
https://www.readenholdingcorp.com/news/filing-of-september-30%2C-2022-financial-statements-with-otc-markets
Well at least they showed a profit for the quarter! Hope going in right direction.
https://www.otcmarkets.com/otcapi/company/financial-report/350900/content
Expecting 1st Quarter Earnings announcement this week!
But! Where company is focusing most of it's business (Southeast Asia/Hong Kong), nobody seems to know anything about Readen Holding because no-one there is investing in the company. WHY???
Appreciate you posting about company as I own it. I'm just tired of company "hoping" investors in the US or other will start buying shares to make them rich.
Company needs to get the OTC up-listing done and then we will see if there is any increase in trading volume...
No doubt in a better situation than before. Although company is a Holding company, new management seems to understand that a shotgun approach was not working so began to narrow focus. Some previous deals have been canceled, sold off or re-negotiated such as the Turkey, Onyx/Marble deal that is outside the current focus but looks as though can be a significant asset.
I and several other shareholders discussed trading volume with the former CEO for years. Although he is no longer CEO he still plays a major roll in the company. I spoke with him just last week about this issue. Hopefully we will see some improvement soon. There is virtually no stock available so only a small increase in volume will have a significant impact on SP as has been shown several times in the past year.
Answer to my question: "when we have done the uplisting then the buyer will be able to buy".
Not really an answer unless one assumes that it is now true that they (Hong Kong/Southeastern Asia) cannot currently invest in "OTC PINK" stocks.
Hopefully we are close to the uplisting being completed. Not sure what else they are required to do.
I have asked this question before but today asked again to the former CEO of the company. I think investors "over there", would have to have a US brokerage account to invest in a OTC Pink listed stock which very few people there would or would want to set up.
I asked if the up-listing that is planned would make a difference to this situation...
Will post his answer. No volume in this stock is a joke. However, waiting for US investors to provide that volume in RHCO has been a failed policy for about 10 years... I have owned RHCO off and on since the company was Wellux International so I know. Since did not own a great deal, I just always thought/hoped they might get their S**t together and actually start building a significant company.
So approximately $1800 traded so far in the Diversified Conglomerate.
This from a year or more ago...
Hong Kong and Singapore have largest amount of retail investors...
So, where are they???????
https://hongkongbusiness.hk/markets-investing/news/hong-kong-tops-list-number-adult-share-retail-investors
Since I have only been a shareholder for 10 years or so I think I have the right to ask......!!!!
Google Play publishes approximate number of downloads. Apple app store does not. Assuming there are a number of sites available for Hong Kong & Southeast Asian consumers to download these Apps, Do any publish the download numbers.?????
Just Curious. OkeApp, OkeTravel, OkePay, Etc. are all targeted towards the Hong Kong/Southeast Asian market. Their website only allow one to download the App.s from Goggle Play or Apple App Store. Are there other ways for people in South East Asia to download these Apps???? I doubt very many there know of Google Play or Apple App store.!!
Cruzverde is correct (Sort of a private Public company).
I've been following this stock for over 10 years. I've been talking to former CEO for years and still do. A lot I could say about that, but not now. Previous management had health and other issues so decision was made to install new management. In less than a year they have made really great strides in company focus, revenue generation, company focus, etc.
Major shareholders do not trade the stock and are just sitting on it. Hope the OTC upgrade will bring more volume. Almost like a huge Short position because most of the shares are locked and will not be sold unless a very large Share Price happens.
Doubt a $.20 to $.30 move would cause any selling from the big shareholders.. IMO...
As of 6/30/2022 333,848,724 shares outstanding, 39,209,250 Public float
Major Shareholders:
Gerardus R. Steenbergen Beneficial Shareholder Hilversum, The Netherlands
35,915,152 Common Stock 10.81%
Ad de Jongh Officer and Director Hilversum, The Netherlands
200,000 Common Stock 0.06%
Yu King Ma Officer and Director Hilversum, The Netherlands
62,090,000 Common Stock 18.69%
Richard Klitsie Officer and Director Hong Kong
53,410,000 Common Stock 16.08%
Readen Investment Limited Beneficial Shareholder Hong Kong 36,000,000 Common Stock 10.84% Sara Yip, Director