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My Fear for this Stock!.....I've stated before I would hate to see this company announce a Reverse Stock Split. I've almost never seen that turn out well for current shareholders. My bigger fear (but what I would do if I were in the driver seat of the company) is: considering there are about 259,000,000 shares outstanding after the recently announced acquisition, the total market Cap is about $13,000,000 (@.05).....If you subtract the recent 100 million shares issued for an acquisition, the 100 million shares used to purchase Readen Industries Ltd (July 25, 2011), and additional shares issued for other reasons, the public float appears to only be in the 35 million share range. At a pps of $.05 that is only $1,750,000.......This company could choose/vote to go private and we (shareholders) could do nothing. Investors that hold approx. 35 million shares vs Insiders that hold 200,000,000+ shares. Who wins???? It is well known that if your company stock is undervalued, many times your best investment is to buy back your own stock. That is what I would do as long as I thought the stock was undervalued and the company was generating cashflow to buy... But if the stock increases in value, this option becomes less atractive!!!!!!!!!!!!!!!!!!!!!..................
Agree nobody is reading press or knows about what's going on with this company. The few that do have apparently invested all they can (or care to). I believe part of the problem is RHCO is an international company, not a domestic with products or services that are seen or used here in the US. Thus no exposer to the public... To exacerbate this problem, the stock is traded on the Pink Sheets. We all hope to see the company generate larger & larger revenue and profits and believe this will draw attention to the stock. But, I believe it's also important for management to follow through with their 5/11/12 press release which "announced they took the first steps to uplist to the OTC Markets QB Tier by retaining an independent registered public accounting firm". How about taking the second, third, or final step in getting this done!!! This alone would cause more people, brokers, marketmakers, etc. to "look at" this company.
Maybe you missed my intent. The former WLXI board is still up and list the posts from 10/23/2003 to what appears to be your last post on 9/25/2009 which stated "Name Change Next Week". I just thought if anyone were to visit that board looking for information on Wellux International(perhaps some of the 600+ registered shareholders of RHCO)that are not aware of the New Name, Perhaps you could post an update to direct them here or at least give the New Name so they might find information on the company from their own research. Just an idea that I thought might be worth trying to get a few more people watching this stock/company!
Maybe I should not mention this but I think you were a frequent contributor to the "Wellux International" Board on RagingBull. That WLXI board still exists and there is not one for RHCO. Perhaps you should update it to inform anyone that might drop in looking for info about Wellux that it is now RHCO. Certainly can't Hurt!
Speaking of the Alibaba website, this showed up today... http://www.cnbc.com/id/100676779
Most Significant RHCO Information recently posted (IMHO), was your post regarding ACTUAL PRODUCTS are for sale on Alibaba.com...This site is well known for buying/Selling globaly! By the way you failed to mention 50,000 Metric Tons per year of used tires.. http://www.alibaba.com/product/hk117472685-121409353-0/Used_Tires_in_Bales_Shredded.html?tracelog=fmotherproduct1 However, all three products and their amounts listed are the "ABILITY TO SUPPLY" those amounts! A press release of a major sales contract would be nice.
Also, Please stop quoting that RHCO already has 100 million annual sales unless you really know that for a fact. Extrapulating "Ability to supply" as actual sales is useless and the fact someone set up an account with alibaba.com and clicked the 100 million in sales box means very little. This company looks to be developing just fine without unconfirmed figures. However,,, if you know something????????
Problem I see with that... While I do not follow a great deal of boards/sites, those I do, almost always require one to know the Name or Symbol of a company to ever be able to look at the comments/information that has been posted. We seem to be doing things bass-ackwards. Investors first need to be introduced to a company. Then they can either follow on this or other boards, or they can do more research on thier own by simply googling the company name. I do not know the best way to accomplish this. But,if any of you have any ideas, I'm willing to spend some of my spare time helping get the word out.
Ditto!
When I was in the biz, we had companies come to our offices all the time to put on a dog-and-pony show (promote their company). So I mostly agree with your statement. Alot has changed and there are many more and better ways to promote today that back then (15-20 years for me). A few brokers can tell their clients about a stock, they then may buy shares and it might cause the stock to go up. But, Marketmakers also have to deal with buy orders from investors that just come out of the blue! That is what I would like to see!!!
By the way, to address the issue before it comes up. There is nothing wrong with Promoting your company. I might be wrong but I feel it's the feduciary responsability of management to do just that! Promoting and Pump & Dump are two seperate things.
Confirms what I have stated several times. Nobody (meaning very few) know ANYTHING about this company. Nobody FOLLOWS this company thus nobody READS Company press releases either!
Of the 36 followers on this bulletin board, I would be SHOCKED to find more than 10 watch on a daily basis.
However, I think this situation will soon change. Once a few more people start following and once the right people get wind of it, I think good things will start happening.
Yes I did email him that suggestion as well as one or two others. Was impressed he responded and quickly.
My takeaway was they have been concentrating on building/running the business and not spending much time or effort in promoting the company and stock. If they do send out a Company update to their shareholders, I hope this step will lead to exposure to a larger group of investors than what has been following this company so far.
Guess maybe I will! Thanks!
Here is an Idea for management. As of March 31, 2012 there were reported to be 696 Shareholders of record for RHCO. Why not prepare a company update and mail it to Current Shareholders. I'm sure there are many (just as I), that wrote off and forgot about this company long ago and would be interested to learn of what is now happening. A few might even choose to buy more shares... 700 stamps would be cheapest advertising/promotion this company has probably ever tried!
For those that study Charts... Next 2-3 (trading) days could be interesting. Looks like low was set in early-mid Feb. and as long as we stay above $.045 we should see movement to up side. Not predicting crazy move up, but to me (6 month) chart looks like upward trend...
If I could, I would also buy more shares than what I now own. However, if this stock ever was to respond (as so many other stocks have/do) to news they have reported, as well as the fact they have posted a profit for ??? quarters in a row.... I personally should do well and be satisfied.... However, My biggest concern is that this company issues so many shares that some day they announce a ((((Reverse Stock Split)))). After 10 years as an Investment Banker/Stockbroker & 30+ years as an investor! Have seen very few reverse splits work out well for shareholders...
Hamp: Agree with you on several points. This company does need someone in the investor relations position that understands how markets view public companies & the information they release. Perhaps they do not understand US market (and investors) since their business is primarily in Europe and Southeast Asia.
Also, financials for Qtr Ending Sept, 2012 stated 8.2 million shares were issued @ $.25 for acquisitions and to pay off notes. That raised over $2 million. Although we do not know due to no details, the recent 100 million shares issued for acquisition were when shares were trading at about $.05. so about $5,000,000...... Big Difference.
Glad to finally see REAL discussions and questions. However, only a small handfull of people actually follow this stock, so anything said will probably make little or No difference.
This company obviously needs more people (eyes) looking at it, but also needs to do a better job explaining its business deals. For example: this recent $100 million management loan for big acquisition. What are the details? A Loan means you must pay interest and @ 5% that would suck $5,000,000 out of earnings. 8% means $8,000,000. You can all guess at a rate because there has been no details of what rate was actually agreed to...
I also agree that until RHCO gets listed on a higher OTC Tier than what they currently trade, they will not be followed by most US brokers/underwriters.
And can anyone find us the Answer to this question?
The new SkyGlobalsim.com website shows calling cards priced at 15, 25 & 55 Euros....
Anyone know what Percent of that RHCO will receive?
Considering these cards are to be sold and used worldwide, I could easily see this quickly ramping up to 10's or 100's of thousands of cards per month...
An estimate of what that means to RHCO would be helpful and appreciated.
In addition to previous post, to see the companies press releases, the current link on this board (does not work):
http://www.readenholdingcorp.com/press.html (should be)http://www.readenholdingcorp.com/press
However the other links for news do work so that is no big deal other than links that do not work are rather frustrating...
Anyone know who updates the RHCO board on this site?
http://investorshub.advfn.com/Readen-Holding-Corp-RHCO-3720 Would that be KingVeginta2006???
If so, if any of you can contact him/her or if this person reads this. Please update the following:
Website is http://readenholdingcorp.com (not)http://www.readeneurope.com (although this will redirect one to the correct site)
http://www.vitalon-holland.com/en (link does not work and should be) http://www.vitalon-holland.com
http://www.yoho-telecom.com (is correct site name, NOT) http://www.yoho-telecom.com/%3C/a%3E%3Cbr%3E (you do not see anything past the .com (Until)you click on it and look in the address bar... link works fine if you use the correct web address
http://skyglobalsim.com Needs to be added to site as it is up and running and one can actually purchase products on this site...
Sorry, can only find 2 sites. But then maybe I did not look back far enough.
My guess to answer your question, is the websites that did recommend "RHCO" have almost "0" followers. How much of a reputation can you build up in 2 months...?????
From what I see, Monthlypick.net & onlyrealcompanies.com were both registered as websites on the same day 2-3-2013 with the same company.....
Nobody(almost)knows about this company and nobody(almost) reads the press releases....Chirp! Chirp! Chirp! ...Crickets!!!!
Of the 36 Followers of RHCO on this site, probably only half (or less) actually read the news on a daily basis.
You want this stock to move, figure out how to get the word out to the 1000's of investors that would be interested and willing to learn about it and invest.
200 shares traded today at .05....$10 worth of stock.. WOW!!!!
Read Post 2132. That 2 weeks ago and nothing has changed. Obviously if you got an email, others did. But, no evidence that anyone is really following this stock except the handful here. Look at some of the stocks discussed on this site and observe how many followers they have. Rarely less than 100 and usually several hundred. Eventually I believe something is going to happen that gives this company some real public exposure and at that time you could really see good price movement. Remember there is not much free trading stock available here (small float).
Ok! If this transaction is actually closed I'm just trying to anticipate how it will be recorded on the balance sheet....
I'm not an accountant but I see the loan as a liability and the note as a liability so basically $200 million assets and $195 million Liability and another 100 million shares does not do much to increase the book value of the stock.
However, nothing I have stated changes my mind as to the fact this company is worth a great (GREAT) deal more that it is currently trading.
Anyone know the answer to this?
Been waiting for additional details regarding the big asset purchase anounced a couple weeks back.
Regarding this statement: (acquisition is being done as a result of a 100 Million U.S. Dollars loan from Readen's management, the issuance of a 95 Million U.S. Dollars convertible note to three third parties and the issuance of 100 million RHCO shares under rule 144 to GRS Capital Group's shareholders and creditors.)
That ((comma)) between Management... and the issuance of a 95 million U.S. Dollars........
Are they two seperate items or an explaination of the 100 million $ loan from management???
I was in the Biz many years ago... The Marketmakers that like to short only do so agressively when they think there are no serious buyers for a stock and they can outlast one or two and drive the price lower. As you stated a few deep pockets or a (pattern) of serious purchases will cause most shorts to look for greener pastures.
With that said, all those shareholders from the past only account for a few million shares of stock..... Most of this companies stock has been used for purchases of assets with much of it tied- up and not freely tradable. I still own my shares and really like what I see happening with RHCO. 75000 shares traded today @ approx 6 cents (about $4500). What a joke! What will happen when someone finally tries to buy a million or more shares (only about 60K)!!!!!?????
Can't find it now and do not have more time to look but somewhere I saw the estimated number of shareholders of this company and as I recall it was over 500. I am one of those share holders and have owned it in an IRA (Before Readen Holding, Before it was Wellux International(June 2011) Before it was Beacon Light Holding Corp. (Feb 1998).... I bought it back when it was Beacon Light Mining Co. And for most of that time it was a Worthless Stock with no bid.... My guess is as some of these shareholders get statements they are happy with 3-4-5 cents for what they as I had written off as worthless long ago!
People there are 36 followers of RHCO on this board (2 more than last week). Just because a company releases news doesn't mean anything if nobody (not many) reads it.... Heard the old question "if a tree falls in the woods and there is nobody there to hear it... Does it make any sound?????? Eventually something will happen to wake up a significant number of people to this company and then maybe we can see some price action.
Extremly Low volume makes chart patterns almost useless for this stock but that could be said about many penny stocks. With that said, 3 month, 6 month and 1 year charts for this stock are looking very good. Some might say that we are in an accumulation period since not much selling going on. But for what, I'm not really sure. Think there is Great long term profit to be made here. But short term, I'm not sure what to expect.
Last report showed approx. 158 million outstanding shares. If $4,000,000 (earnings) were a number they were to reach, that would be about $.025 earnings per share. If we dreamed a penny stock that has become profitable for several consecutive quarters might reach at least a 20 P/E Ratio??? Would this really be a $.03-.04 stock???
Woops! Sorry, I missed that Quarterly Tab thing at the end and looks like your post covered the Sept. Quarter...
Small Annual profit on the Annual report you posted ending in June 2012. Next Quarter ending in Sept. 2012 looked better with $1.687 million Rev. and $787,983 Net Income
https://www.otciq.com/otciq/ajax/showFinancialReportById.pdf?id=95105
Quarter ending Dec 31 should be out in week or two. Will be interesting to see if trend continues...
No! Just no news at all... Too bad, seeing this one sink. However, If I had a company that was turning profitable (as this ones seems to be based on last few quarterly statements) in this situation I would be making plans to buy back as much cheap stock as I could. Last I read, the float of this stock is only about 20 million. At $.02-.03...just do the math. Then you only have to deal with a hand full of shareholders that were issued stock for asset purchases. ???
My observations of stocks recommended by VIP Stock Alerts (see post 2048) has been a pattern of very short term traders that jump in and out waiting for the next recommendation. However, any attention given to this company cannot be all bad because nobody knows about this company (look at how many follow on this site)!
A penny stock that actually has revenue..... and has posted a profit for what 3 quarters in a row. With the last significantly more that the first two combined. That will not go on without eventually being noticed IMO.
VIP Stock Alerts Newsletter emailed on 12/4 a new pick for 9:30 am 12/5...
RHCO turned out to be the pick.
That accounts for the volume. Lets hope it also brings a few more "eyes" to this company.
I think the web site is www.vipstockalerts.com. I've been receiving their emails for awhile so I do not actively visit their site.
News or at least an official update would be nice!
Why U don't understand current trading in RHCO
Most of the shareholders of this stock (like myself) have owned it for 10 years or more. I/we wrote it off years ago...
Most of you newbees, learned of it around 6/4/12 when the big emails started. But that big Promo was already posted a month earlier 5/1/12 (Read Post No. 1636) So the majority of shares are in the hands of those that have read press releases and say lets just wait and see... As a long term shareholder, MHO