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Yessiree Bob! Another exiting week!
Yea just when I thought we might be close to getting some real corporate updates, they choose to stay quite.
They just still do not seem to get it. That investors want to be kept informed so they feel they can make a decision one way or the other regarding their investment.
And, any potential new investors have no reason to invest if they do not have a clue as to what is happening with a company.
El gordo, what do you know about these Neckermann City Bikes that RHCO has referred in the news release?
Are they selling them or renting them?
If Renting, what is the cost if you might know.
I see on Neckermann.com there are scooters for sale. Is this what the news referred???
Seems RHCO is awakening from it's year long slumber.
Bart seems to be back at work and has made a few updates to the website regarding news and a blog post.
http://readenholdingcorp.com
We have a new CEO and Neckermann.com appears to still be in business.
Ron has said there is more news to come and they are working on updating the financials to bring them current.
Not really on their Website. At least not that I can find.
But they did file a financial update for the quarter ending 12/31/2017.
https://backend.otcmarkets.com/otcapi/company/financial-report/201579/content
Only scanned it, but did not see much to talk about. That was the quarter that the whole tax issue and other confusion surrounding that event happened.
Only thing I can say about it is the fact they filed a financial report which means they are still in business.
Hopefully more news will now be forthcoming as to the current status of the company!
Was promised by Ron that there would be company update weeks (no months ago), still waiting....
Should be getting some news soon!
Cannot say it will be this week but looks like we should be seeing some updates in the near future.
I'm also still here and checking in to see what Ron is up to.
Regardless of what Ron says he has been doing for the past 6-9 months, If I were giving him advice of what to do NOW, I would tell him to file an updated 10-Q to bring RHCO current. There has not been a filing since 11/29/17 for Quarter ending 9/30/17 and anyone that would research the company on OTC Markets, would probably think the company is out of business. Next, I would make a press release explaining what happened last year that caused this whole mess, what the current status of the company is and what is currently being done to move the company forward.
I know there has been alot going on behind the scenes to get the company back on track. But in my opinion, the time has long passed to give an update to shareholders of what is happening with their investment....
No they announced a new CEO on 10/25/17, Andrew Walker. But "Hampstead" says he is already gone. Was just wondering if this new name is for real as there have been no releases of info in a number of months...
Hamp. The OTCmarkets RHCO Profile page is listing the CEO as "Martijn Vink". Is that new information because I do not remember seeing that name before?
Hey Hamp, about a month ago Ron stated someone was selling a big block of stock but it was already over half sold. We have seen well more than that amount traded since then so do you know if that selling is finished???
Also, we need Ron to file latest quarterly financials. They are later than normal...
Glad your back!
Yes, Ron has been promissing a news release for over a month now. I figured if he wants it quite it should stay real quite. I Will redo the Ihub page with current info when I see what that current info actually is...!
I bet Rons friends/associates never believed they could keep picking up all these shares for 3-4 cents for this long!!
Hope the axivate settlement is finalized soon! Thought is was already but guess there can always be delays...
So, I've lived in Metro Atlanta Georgia for 30+ years but went to school at University of Alabama. Tonight I cannot lose but also cannot win if you know what I mean......!!!!!
Seems like someone has been picking up all the cheap shares they can shake loose.
In any event, Gelmon is most probably through with this one and has moved on to his next "Adventure".
Will be interesting to see what happens when and if we ever actually get news from our new Chinese friends at Yaoliu Health Technology....
He's still around. However, IMO bashers either Intentionally or Unintentionally helped Michael Gelmon accomplish what he set out to do at first of last year.
I think Gelmon cleaned this (shell) company up with all necessary filings needed, so that he could sell it.
Since he only owned 111,111 shares (that's $11.11 at current PPS), he was not concerned with share price going up. But, since I believe his goal was to sell the Series A Preferred shares he owned (which control the votes of 51% of ALL stock), keeping the share price at the minimum of $.0001 made a deal to sell, much more marketable... Looks to me like the value in filings of that Preferred stock was $1-2 million. Would be interesting to find out what M.G. actually got for it but we will probably never know.
Thanks! If I do not talk to any of you, have a happy and safe new year!!!
Hamp! It sounded to me like Ron was of the opinion they were very close to settling the Axivate Capital Partners lawsuit a week or so ago (actually alot longer ago than that but we understand a few wrinkles were thrown into the mix). Do you think that is what he is waiting on to announce as news? Or do you have any other idea of why the holdup at least of a shareholder update?
Ron and Hamp are talking frequently and Ron told him they would get an update out last week. That makes twice I have stuck my neck out and told you guys news would be out soon. I told Hamp I will not be doing that again anytime soon.
Hopefully they will see fit to give us a year end update but I'm not making anymore promises!
Well, from what i read, everything seems to be almost exactly as I expected. Only thing I do not know is when Ron/RHCO is planning to make a press release to explain current events.
I have not bought a share of this stock in over 10 years so cannot be accused of trading on any information. But, am more than ready for them to inform all investors regarding current events and developments...
OK Hamp. I'm out of town in case you have sent me an email, but what's the holdup with the news update?
Yea! Looks like a few people believe it's worth picking up some shares at multi year lows. I guess my big question would be that since 2 weeks ago we were led to believe the company was shut down and out of business, and since the stock has been trading almost ever day since, what might have actually changed?
The company is a public company, there is good reason to believe that even if there were an issue with a key person in management the company would most likely survive! No evidence or allegations the companies stated assets are "not" real..
Some meetings going on this weekend so we should hear something first of next week.
Hey Max. Glad to see you're still hanging around here. Can always count on you to provide uplifting support for RHCO shareholders.
Don't give up the ship just yet. Should be seeing something in next few days updating shareholders.
Yes you are missing something about the R/S. You keep thinking the math does not work out.
A Reverse Split only effects the current outstanding shares and can be done by a majority vote of shareholders (at the time, that was M. Gelmon).
A change of Authorized shares has to be a change in the Articles of Incorporation of the company in the state it is incorporated.
Finra could deny the reverse split but even if they were to, It should not IMO, prevent the company from proceeding with the announced plans.
The latest posted filing for asck was a 13g filed on 12/5 for GPL Ventures LLC. (stating they owned 5% or more of outstanding shares), for 2,400,000 shares. However this was for time period of 11/20... At that time, they stated 2.4 million shares were 9.6% of shares so that works out to 25,000,000 shares outstanding.. Not sure what might have happened since...
Hamp, I don't have time to go back and research this right now (But I plan to), but when this news broke, I found and read the translation of a long article that contained much more detail than has been shown here.
From what I remember that I read, I see this as a Huge, Huge, coincidence that Ron had told you that he thought Axivate Capital Partners were ready to make a settlement on the lawsuit and they were still negotiation it... Then less than a week later this happened. I'm just wondering if we are witnessing an investment company playing its final Ace Card in an effort to settle a legal disput.
Good news to hear!
Yep. Unless he's out looking for a new job he could at least answer/acknowledge his emails...
If those possible investors you spoke of awhile back are still interested in buying stock, they are certainly getting a great christmas gift... However, they will probably take a wait a see attitude until future is clearer than it is now...
Hey Moderators, Tony & KS, don't you think it's time to update the appearance of this site to better reflect the current state of affairs???? Just wondering and a suggestion since you are the moderators...
Sure, but Bart posted something on the 7th and it's only the 12th. There just may not be much to update at this point. I have no idea what the legal process is over there as to how long it takes to get matters such as this resolved...
Over the years, I have witnessed many companies have senior management and/or owners not just accused of, but convicted of crimes such as what seems to be alleged here. While it could certainly cause a company to eventually go out of business or possibly have their stock halted, it usually just results in new management taking over. If that is not what happens, it could be that at some point some other company might end up buying the company assets. In any event it is too early to speculate on the end game as it appears things were just beginning to pick up just before all this happened...
On 12/5 when we here were made aware of this "raid", it seemed to be implied that the company had been shut down and the stock would no longer be trading. That does not seem to be the case, as we have been told the CEO is still overseeing the company and there has been a bid/ask on the stock ever since the 5th.
Yes but as of Nov 21st Goldendale city council meeting, the land deal had not closed. Although they stated Auscrete was still working on it.
http://www.goldendalesentinel.com/story/2017/11/22/news/city-auscrete-still-up-in-the-air/9679.html
Stock should make a run if they announce they have closed on the land. But whats the use if they don't????
What makes you believe they even have any land to build on???
Hey Jax.
As for me I bought this stock almost 20 years ago when it was Beacon light mining. Bought more when it was Wellux international. I have never bought one share since Ron and his crew took over. But, since virtually nobody else in the United States knew about this company, I have been one of the only people willing to try to inform shareholders of what is happening as best I could...
I've never lost one penny on this stock. Just have a few shares that have been sitting in an account for about 20 years. Can you say the same?????????
Sorry your dealings with Ron didn't work out as you hoped.
Since this is a public company, seems to me there would be someone appointed to run things until everything is straightened out. Even if current management is guilty of whatever the charges are, that should not necessarily mean the end of the company. On the contrary it might mean new management might take over and if that is the case they cannot do much worse than what Ron and his crew have done for the past 5+ years...