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Funny, still only 61 followers of this stock on Ihub.
Been telling people for long time this company is almost totally Unknown to US Investors.
RHCO ANNOUNCES OKEPAY’S INTEGRATION WITH ALIPAY AND WECHAT PAY
https://www.otcmarkets.com/stock/RHCO/news/RHCO-ANNOUNCES-OKEPAYS-INTEGRATION-WITH-ALIPAY-AND-WECHAT-PAY?id=327254
Huge news today (IMO). Unfortunately, today OTC markets decided to place a "WARNING" Limited Information designation on the stock. With the new SEC requirements that just took effect a few days ago, some brokerage firms will not allow you to buy the stock until this issue is resolved. Sent message to current CEO and Ron the former CEO (he is still a large shareholder), to get updated ASAP. Will Update if I hear anything, but I think you will see it when the issue is resolved. Should have seen big volume on todays news...
I know there are a few extra eyes on this and hopefully that will result in a few new buyers. Company seems to be making good moves/decisions right now. Hope it continues and we finally see a more realistic PPS value.
RHCO ANNOUNCES THE SALE OF DUTCH GROW LABS for Euro 600,000
"The transaction also accounted for a sizable profit for RHCO"
https://www.otcmarkets.com/stock/RHCO/news/RHCO-ANNOUNCES-THE-SALE-OF-DUTCH-GROW-LABS?id=325770
Up until new management took over, I pretty much knew this company inside and out. I and one other person that was on this board for years talked to the former CEO frequently. I just received an email from him 2 days ago (he did own 39+ million shares but not sure what he owns now although he says he is still a shareholder). Most of the shares are owned by the original people that got 100 million shares for Readen Industries to form Readen Holding Corp. Another 70 million are in another holding comp. At last count there were only about 25 million in the public float. Doesn't take alot of volume to move a stock with those numbers.
New Management seems to be moving this along in the right direction so I am optimistic that we will see more gains in PPS. I'm just waiting for a few people in the United States to "discover' this company as it is still an unknown company here.
Amazing what a few hundred thousand shares of buying will do to this one.
Think maybe a few over at the Stocktwits site might have thrown a few dollars this way. RHCO has a small following over there and I post news there as I do here.
Jax, received an email from Ronald S. yesterday. Had sent him one several weeks ago. He's been in and out of hospital for past month or so but apologized for the delay. No real info but I had asked about new management and how I have sent several emails with no response the way he use to respond to both Hamp and myself (and a few others). He gave be contact info to new CEO so I plan to shoot him an email in the next few days and see if I get any response. Will let everyone know result.
Ron is still shareholder although not sure how large his holdings. Last report still showed about 39 million directly and beneficially owned...
Hey Jax, how are you? Sure miss talking to Hampstead!
Tried every way I know to find out what happened to him but no results.
If anyone here reads this and knows anything about him, please post for the rest of us.
He was the biggest supporter and follower of this stock for many years.
NEWS! RHCO RELAUNCHES TWO PERCENT ONLINE STORE AS A MAJOR MERCHANT OF OKEAPP
https://www.otcmarkets.com/stock/RHCO/news/RHCO-RELAUNCHES-TWO-PERCENT-ONLINE-STORE-AS-A-MAJOR-MERCHANT-OF-OKEAPP?id=320895
For those of you that are new to this stock, at the current PPS of $.0625 this company has a Market Capitalization of only $12.7 MILLION. Not Billion, Million.
Have to believe there is room for large profit if new management continues doing what they have been for the last few months.
https://www.otcmarkets.com/stock/RHCO/security
Annual Report should be released next week. They have been on time for past 2 Quarterly reports so I expect around the 25th. I'm Interested to see if new Management has continued to get this Train back on track. Seems to be alot of potential here but it all is up to the New Management to perform.....GLTA!!!
Website says there are currently 2008 Merchants signed up for the OkeApp. 6/22 PR stated they hoped to sign up 8,000 to 10,000 within 12 months.
Looks like they are at least making Progress.
https://www.okepartners.com/
Jax, or anyone else that can send a private message.
I do not trade this market enough to care to subscribe so I cannot send a private message. If you can (or anyone else that would be willing), I know of several long time investors in this stock that I would like to try and contact. Specifically about Hampstead and also if they are still watching this company with the new management...
Just post if you can and I will let you know who to send message...
Jax, on a side note, after all these years of you and I talking about rhco, I have no idea if you are an active trader or not. I stumbled upon a new issue stock that came public back in Feb. Bought some and made some nice profits. However there are warrants on this stock that I have been playing that offer much larger gains than the stock. If you want to do your own DD, the stock is AUUD but the warrants are AUUDW. They are less than 1/3 the price of the stock and do not expire for another 4.5 years. I,ve really done well trading in and out of them so take a look if this is your cup of tea...
Hey Jax, sent another email yesterday to the new management through the rhco website. Thanked for what they appear to be doing to grow company but reminded that company is still virtually unknown in US. Advised to make bigger attempt to make company known here because this is where the investors are willing to put big money in companies that present good potential. Will post if get any response. I still can email Ron and know he will respond as he is still big shareholder and has direct contact with mngt. But, hoping they will respond directly to investors as Ron did. Still nothing from hampstead. I fear the worst as he was never absent this board for this long...
New Website Looks Good.
https://www.readenholdingcorp.com
Investor Relations page is better than most companies.
News...
https://www.otcmarkets.com/stock/RHCO/news/RHCO-ANNOUNCES-LAUNCH-OF-THEIR-REVOLUTIONARY-OKEAPP?id=305402
Low float, shares closely held by insiders. Great setup!!
Today I sent message to new management about importance of keeping investors informed. Had direct contact with former CEO and he never seemed to understand the importance of that fact. Also informed of how virtually no investors in US knows anything about this company.
Will let everyone know if I get any response...
As you might notice there is only 60 followers of this stock on this board. Until recently, for the past 10 years, this was really the only board that followed this stock. Nobody (virtually) knows about this company in the US. Until that changes there is just not much action and when it happens it comes in spurts and then dries up. Hopefully New Management is going to do a better job of keeping investors informed and have more PR.
A few people following over at the rhco stocktwits site also are thinking above .20 soon. Guess we will see....
Just want to point out that at Fridays close the market capitalization of this company was only about $26,000,000. This stock could easily see $1 plus on what they have already stated in the latest quarter earnings....
All this needs is more investor exposure to see significant moves to the upside.
Good Luck to you and everyone else. I've owned this stock on and off since before it was Readen Holding and was Wellux international.
I doubt there are 10 people in the US that know more about this company than I do, (mainly because previous management just did not seem to take our advice to keep investors informed so there was never much of a following in the United States), so if you have any questions I'll do my best to answer them. I just spoke to the former CEO a week or so ago (ronald steenburgen), so I still have a direct pipeline to him. He did own 39 million shares at one time and said he is still a shareholder but he did not say if he still owns that amount. His Brother was also a large shareholder but nowhere near that amount.
MM's may be playing games right now because that is what MM's do. But, since I have owned and watched this stock for years, I will tell you it only takes a few big buys to rocket this stock up because there is just not much stock out there to be had. I know some of you guys here are day traders and that's fine. But, if you hold a few shares back and let the volume build, you will see days like yesterday where it was up 200% at one point.
Jax!!! I Talked to Ron S. former CEO
Few major points. He is still a shareholder though I do not know if he still owns the 39 million shares he once did.
New management has totally redirected focus from Retail to payment systems and other areas that should produce growing and consistant revenue. He said he is happy with decisions and results so far.
I asked about the 22% share buyback if it was truly a buyback or share cancellation. It was real and has for most part already happened.
In 2011 Readen Holding issued 100 million shares to 14 individuals to acquire Readen Industries. Several got 19 mil, 8 got 5 mil and a few got 1 mil. Since then, several others have got major share positions most notably Boysen LTD with 70 million shares.
The buyback was from 6-7 individuals. However, there was several deals over the past years that did not go as planned and they are still trying to cancel/clawback those shares. He said that is up to the lawyers to figure out.
Most important to me is that as of Latest Statement, 9/30/20 the public Float of shares is still only 23,786,422 shares and still no word from Hamp who owned 3 million of them....
Hey Jax!!!
Been trying for weeks to get in touch with Hamp with no success.
I'm worried with his age and the coronavirus, he may no longer be with us.
I finally sent an email to Ron S. at his new position to see what he knows and will post here when and if he responds to my questions!!!!
Hey Jax, glad to see you are still around. If Hamp does not show up here soon, I will try and dig up his private email and see if I can get in touch . Would like to hear how he is and what he knows about current events. I know he was totally feed up with Ron and what he had done with this stock over the years. Will post here if I hear anything of interest to you and everyone else.
jaxflguy, jaxflguy, looking for jaxflguy
Are you still in this stock? Or did you use the recent activity as a time to get out???
Do you know anything about hampstead?? Haven't seen a post from him in a long time. Would like to know if he is still around (alive), as well as if he also is still holding or chose to get out?
Finally looks like new management is doing what Ron and the rest never seemed to be able to pull off.
Looking forward to hearing from your input if in fact you see this and are still interested in RHCO!!!!
Is someone using this company like a SPAC (special acqusition company)???
Before I ever heard the term "SPAC" that is currently so popular for companies that want to come public quickly, companies (especially companies from China) used clean "Shell" companies to basically do the same thing. NOHO was basically a Shell that was brought current a few years ago and appeared to be merged/bought by a Chinese company. Nothing has happened since...
Anyone think the recent accumlilation of shares is going towards a new merger or acquisition???
I don't know anything more. That notice just showed up in my email a few days ago since I have a Linkedin account.
Was thinking it might be why there has been some buying in the stock lately but who knows. Certainly has not been any news releases in a long time to let shareholds know anything one way or the other.
Perhaps this has something to do with it.
From Linkedin:
Congratulate Gerardus Ronald Steenbergen for starting a new position as Chief Operating Officer at Daifu Invest HK ltd
What happened to the New CEO, Mr Lee? Did that new position come with an immediate 3 month vacation???
Hello Jax and El Gordo!
Yes I'm still around & have been watching the show.
It's a shame how much Inaccurate information has been thrown out the past week or so. But, I have to blame Ron on most of that for not updating Shareholders for an extended period of time.
For what it is worth, here is what I can tell you I know.
Ron had an accident last August and another ongoing medical issue over the past year that had him in and out of hospital several times. However, he was still working behind the scenes to clear things up and get the company back on track.
Plan since last summer was to sell Altembrouck Hotel but keep the Farm and all the Livestock/Genetics business. Recent Press release seems to confirm that is what has happened.
Regardless of what other businesses the company has been involved with in the past, The focus now is on the RETAIL business surrounding the "Neckermann" Brand Name.
One of the main items on the agenda now is to get the company back current. Then eventually to uplist to OTCQX.
Anyway, Hamp talks to Ron often and I do occasionally but he keeps me updated from time to time.
Everyone stay well and good Luck!
Hamp, was just looking at some old records and see I made my first purchase of this stock when it was BeaconLight Holding Corp. on 5/21/1998. Can you believe I have been watching this for that long. Well actually there was 10 years or so it was 0 bid then Ron bought the shell...
Hamp, was just looking at some old records and see I made my first purchase of this stock when it was BeaconLight Holding Corp. on 5/21/1998. Can you believe I have been watching this for that long. Well actually there was 10 years or so it was 0 bid then Ron bought the shell...
Hey Hamp. Good to see/hear that you and other old-timers are still around. Are you still in frequent contact with Ron? Or, I guess the question is whether Ron has been responding to you.
I have not been very interested in RHCO for some time now since my brokerage firm "screwed" me out of almost all my RHCO stock.
It was in an IRA account that for many years I choose not to contributed to that account.
They charge fees for certain things such as reverse splits, but for many years they just allowed any fees to accumulate until I added to account or sold something.
Since I had a number of penny stocks in the account, there were a few of them that over the last year or so did reverse splits. Next thing I know the firm sold shares to cover the fees without me knowing.
Yes I am pissed but since it was not a whole lot of money at the time, don't really know that I should fight it.
T. D. Ameritrade in case your wondering who.
I'm now the proud owner of less than 2000 shares of RHCO
So for everyone here, good Luck. Perhaps I will jump back in if I ever have reason to believe Ron is back and again trying to make something of this company...
Hey Hamp. Good to see/hear that you and other old-timers are still around. Are you still in frequent contact with Ron? Or, I guess the question is whether Ron has been responding to you.
I have not been very interested in RHCO for some time now since my brokerage firm "screwed" me out of almost all my RHCO stock.
It was in an IRA account that for many years I choose not to contributed to that account.
They charge fees for certain things such as reverse splits, but for many years they just allowed any fees to accumulate until I added to account or sold something.
Since I had a number of penny stocks in the account, there were a few of them that over the last year or so did reverse splits. Next thing I know the firm sold shares to cover the fees without me knowing.
Yes I am pissed but since it was not a whole lot of money at the time, don't really know that I should fight it.
T. D. Ameritrade in case your wondering who.
I'm now the proud owner of less than 2000 shares of RHCO
So for everyone here, good Luck. Perhaps I will jump back in if I ever have reason to believe Ron is back and again trying to make something of this company...
Sorry can't spell. Yesterday I should have said "exciting", although "exiting" might have just been a Freudian Slip!!!