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Next week could see the PPS easily jump back up.
Goldendale City Council meets the 1st and 3rd Monday of each month which means they will meet next Monday night. Since you have already been in contact with the CEO, why don't you ask him if they plan to attend the meeting to re-apply to the city??? Rufus OR is only about 18 miles from Goldendale WA. Not like it would be hard for someone from Auscrete to attend the meeting if they still plan to buy land from the City.
The amount of shares should not be what bothers you. As you stated in earlier posts, if the company were to generate the revenue that you were told and actually made the profit you were told then 15 million, 80 million, 500 million O/S would not be such a big deal it a company were making those revenue-profit numbers.
No, what you should be pissed about is what you were "NOT" told. That the company as of last Monday 11/21/17, had not yet purchased the land from the city of Goldendale.
If I am wrong please correct me. But ASCK was to buy the land from the city of Goldendale. At the City council meeting 11/21 it was stated they had not closed and would have to re-apply to the city to go forward.
While this "small" city would obviously like 50 jobs. I'm not sure they will be so willing to approve of a new deal since ASCK has apparently shafted and embarressed some current members of the city council..
As a current shareholder I was planning on buying a few more shares but have been waiting on certain confirmation before I did. Maybe this interview sort of explained the delay.
As of last week, Nov 21st, Auscrete has not yet "Completed/Closed" on the purchased of the land in Goldendale to build their plant.
If they announce they have, then the stock will easily jump back up to and I think exceed the recent highs. But if not, this is destined to go lower and there is no reason why it shouldn't.....
I Agree, Also the 3Q filing is posted.
http://www.otcmarkets.com/financialReportViewer?symbol=RHCO&id=183444
The Revenue increase is impressive. The large increase in "Cost of Goods" is sort of shocking but in my opinion is much more realistic when talking about Retail.
Have not had time to look at the rest. When I do and if I see anything of interest I will post it later...
From what I have heard, (and I cannot say it will happen), but looks like a few things are coming together to help support the stock.
Most important to me is everything mentioned is to help get the stock uplisted. However, all depends on the lawsuit being settled. Until that happens there cannot be anything "really significant" happen from managements point.... But in the mean while they are trying to increase communication with shareholders to make things more transparent.
Hopefully, mainly Hamp and to a much lesser extent I, have made some impression on management that investors on this side of the "Big Pond" want to have updates to let them know what is going on with their company/investment.....
Appears some people cannot figure out how to get to Readen Holding Corp Website to read what is posted under the "Blog" Tab at the top of the page.
Just click on the following link for the latest Blog Post.
http://www.readenholdingcorp.com/Blog/post/_BLACK_FRIDAY_SUCCESS
Todays Blog post contains the following that sounds encouraging.
Black Friday was a huge success for Neckermann, with the company recording double its average online daily revenue. Neckermann has been reporting a 20% average increase in revenue per month since the beginnings of this trading year and we look forward to sharing the details in our Q3 earnings report next week.
So, for second week in row, Bart posted a weekly update on Friday on the company website under the "Blog" tab. New CEO said he wanted to do better job communicating with shareholders and so far they seem to have been making an effort to do that. Hope we can get a few more eyes on this stock in the near future. It's nice to see daily trades. That going for days even weeks with no trades really sucks!!!!
Could be true. I at least appreciate him posting news as it shows up over there. I can find it and translate/read it if I know it's there. But, I am not going to spend time searching for news in a language I do not speak.
Think it was said competition was not until Dec 7.
Know this might sound like a joke to you but cattle embryo selling is big business and if they come from a recognized champion the price only goes higher.
Here is an example of some "Wagyu" Cattle embryos for sell in the US.
http://www.cattlerange.com/Embryos&Semen/711ES689-201/711ES689-201.html
Hey, you were the one asking about news. I just posted the link to an update. Isn't that what you asked for???
This was dated today!
http://www.readenholdingcorp.com/Blog/post/Bred_For_Success
Glad to see the "STOP" in gone from RHCO and it's back to Pink Limited.
Wonder how long (if ever) we will see them get this off the Pink Open Market system and onto a higher level marketplace?
That would be a game changer..!
Website was updated to at least show the new CEO announcement and that the annual Report had been filed.
Wonder if we could also get an update to the listed Portfolio holdings as to what plans new CEO has for each to increase shareholder value.
Have not heard anything in past as to what plans the company had for the D5 Construction or the 30% ownership of Hitting Media. Is there going to be any effort to expand the WAGU Genetics program? A lot of questions about the Readen Holding Portfolio that is sort of outside the scope of the new direction of the company being almost exclusively "Retail".
I like what I have read and heard about this new CEO and hope he is given the latitude to do what is needed to regain control of this company and again move forward.
So, Ron is working to cancel some of the shares issued over past few years for bad deals or deals that Other side did not live up to the terms!!!! GOOOD!!!!
Since I never understood that "sudden" 70,000,000 shares that showed up as owned by Osman Boyraci, I think that 70 should probably always been included in the Outstanding Shares.
So Hamp. Pains me to say this but believe it or not, although caspary or Max or whatever his name and beside the fact he has a trash mouth, he has a few legit points regarding the annual report.
The main big one for me is that Qtr report of 3/31/2015 showed outstanding shares of 261,467,074. Ron then said they clawed back some shares and since then every report has shown there was a reduction of about 70,000,000 o/s, but there also showed up 70,000,000 shares now owned by Osman Boyraci by Boysen Ltd. That left OS at 190,767,074. Fast forward to latest Annual report and the 70 million are still there owned by OB but now the OS are back at 263,467,074 which are 2 year old figures that includes the 70 million plus the 2,000,000 shares issued since March 31, 2017 listed in annual report.
So either RHCO has more shares outstanding than are even authorized or, there are 70,000,000 shares less outstanding than listed. Either way new CEO signed his name to this annual report.
Way I see it, either annual report is correct which means Ron for 2 years has mis-stated O/S. Or, annual report has mistakes that need to be Amended ASAP...... Ron signed all reports since 3/31/15 and new CEO signed latest annual report. Who is right? Who is Not?
Hey Max, if you have a point to make, you can do it without all the cussing and vulgarities you continually spew. However, if that is just who you are and how you care to be known, then so be it...
Companies listed on the Pink "Open Market" DO NOT have to provide Audited Financials. But, you already knew that. Oh, if they want to be listed as Current, they do have to provide an Attorney Letter for the Annual Report (which RHCO has provided for at least the last few years).
Perhaps it is because those of us old enough have seen many examples over here of tremendous profit being made after Pompous, Egotistical individuals try to run a company but finally realize there are others that might know more than they. Once the right people are in place, turnarounds can and do happen. We are just hoping that is the case here.
That one press release had more information in it than we have seen here for a long time. An explanation of the numbers in the annual report. What the company is focused on now and what the numbers are looking like now and in the near future.
At least the new CEO seems to have a grasp of that concept of communication he promised.
http://www.otcmarkets.com/stock/RHCO/news/Readen-Holding-Corporation--OTC-PINK--RHCO--Files-Financial-Report-2016-2017?id=173307&b=y
Take this info anyway you want but I just wanted to let you guys know what I've been told.
Annual report will be showing up at any time now. The delay last week or so was due to fact there were fees to be paid to file and for some reason for which I do not know the answer, there was a request for additional fees that caused an additional delay. Over this past weekend, it looked as though filings would go through today but Bart says they are having a problem with logging into OTC site to upload filings and they are working with OTCIQ to resolve login issue.
Whether or not RHCO did the 8-9 million in Revs Ron thought they would and Whether or not they do the 40-50 million he hopes to do next year. This is Retail business with relatively thin margins. They may still be showing a loss. But, it is a whole lot easier to make adjustments to try to get to profitability if you are making 50 million in Revenue vs 10.
I know this is total speculation at this point. But, last I heard Ron's stated goal for 2018 was to do 40-50 million in revenue or approximately 5x's 2017 Revs. That was before he announced a new CEO that would allow him to handle day to day activities. Is this still your understanding of the short/intermediate term goals of the company????? I'm taking this with a grain of salt but am encouraged with the new CEO's statements.
Hate to admit it because I'm usually pretty good at keeping up with news releases. But, I totally missed this release until you (Hamp) pointed it out. It didn't show up where I usually look and I actually had to do a google search for RHCO to find the PR. However, that means I had to actually know RHCO exists...... I've been saying for years nobody in the US/Canada has ever heard of this company so why would they know to google/search it to find news?
If I recall correctly, Ron told you he could not get news out without people wanting some percentage of the company or some outrageous amount like $50,000 up front just to write a press release.
Here is a way he and/or the new CEO can reach many 100 if not 1000's of investors for as little as $100.
Start posting your company's news. Only $100 per official company press release!
IHub NewsWire:
https://investorshub.advfn.com/boards/NewsWireDash.aspx
Perhaps you have not noticed, but every time someone clicks to read any posting "for any stock listed on IHub", the news releases of the day will be shown at the bottom of that page.
I say for $100 bucks they should give that a shot...
Yea! That new CEO press release had a dramatic effect.
But I'm not surprised. Not because it wasn't positive. I think it was very positive. But, because nobody read it (expect a couple of us here).
Looks good. Lets hope the communication with the investors happens as described. A RHCO company update needs to be put out ASAP.
http://www.marketwired.com/press-release/readen-holding-corp-pinksheets-rhco-announces-new-ceo-appointment-pinksheets-rhco-2237434.htm
Think you are correct but not sure. From what I read in some of the info I think you provided, only Neckermann.com physical locations were placed in bankruptcy but not the website business. If the court appointed a director or administrator, I would think it would only be for the bankruptcy issue.
However, Rons emails were not clear on the issue and we are still awaiting the official news to be released...
Really doesn't matter about that particular firm. There are many Law firms that specialize in class action lawsuits. Hey, why not, the firm gets at least 30-40% of the settlement with what's left to be divided to the shareholders.
No surprise that they have people either working for them or doing research on companies, looking for the next suit to be filed..
People I grew up with in my hometown area were the ones that filed (and won) the huge class action against the tobacco industry in the US 10-15 years ago. Don't remember the figures but it was huge and a huge payout for the law firm and partners.
So you work for or do reasearch for Rosen Law firm. Guess that says it all, but thanks for one thing. It explains a lot of the posts I have seen over the years on different stocks from people that seemed to show up out of the blue...
Good luck with the class action lawsuit.
Thanks for the kind words and welcome to Investorshub with your new account.
I assure you I do not work for this company and nor does Hampstead.
Although Hamp does email Ron on almost a daily basis and is totally frustrated with this company and its management.
He and I have both owned this stock for many years and I for one have stated many times I wrote it off years ago after it was no bid for years... Since there are only a handful of people on this side of the Atlantic that have ever heard of or know anything about this company, we are about the only source of news or comment people will find about Readen Holding. I and Hamp as well as a few of his investor friends are just waiting around to see if anything actually happens with this company. It won't effect me one way or the other. Don't know about the others here...
Keep this in mind! Lawyer.com states Mr. Gelmon has been a licensed lawyer for at least 29 years, and his status is "in good standing" with no misconduct found.
So, no matter what's been stated here about his previous companies, associates or court filings, he seems to have kept his law license and is still on the outside of a jail cell.
Time will tell.
If this is what has happened, I agree there almost has to be a Large R/S to make this beneficial to the new controlling company and since they would control 51% that can be done now with Gelmon or sometime later without him. GLTA
So, Mr Gelmon knew back at the first of the year he was dealing with this Chinese Company. Therefore, it is my opinion that Mr Gelmon probably cleaned up this "shell of a company" so that it could be sold/taken over by the Chinese Company thru the purchase of the PREFERRED STOCK. Again, that Preferred stock appears to me to be worth 1-2 million dollars based on its description stated in NOHO financials.
If Mr Gelmon is still listed as beneficial owner of the Preferred Stock in future filings, then I will assume I was wrong. But, I think with the September 14th press release about the chinese company gaining control of a public company, it is probably a good bet Mr Gelmon got a very good payday on the selling of this stock to a group wanting a publicly traded company.
Why would someone take the time and effort to "clean up" a publicly traded company when they don't really own any stock in that company???
My conclusion is based on (2) facts. first, whoever owns the 1,000,000 shares of preferred stock controls this company and that is/was Mr. Gelmon!
Second, at the same time Mr Gelmon was filing financials and financial updates back at first of this year, he also applied to have the name changed from Novation Holdings Inc. to.... (Wait for it)... Dragon Life Science Holdings Group, Inc.,. This name change was applied for in Feb., the Press Release about that fact was released about Sept. 14th.
I'm not so sure Gelmon still controls this company. Though he might still "technically" be the president or CEO for the time being.
I also think Gelmon might have "outfoxed" everyone here.
According to most recent quarterly report, Mr Gelmon only owns 111,111 shares of the approximately 8.5 Billion outstanding shares of NOHO stock.
However, he does (or did) own/contral of 1,000,000 shares of Preferred stock that grants the owner 51% voting rights of (all) classes of stock of NOHO.
It also is due a $.01 per share dividend as well as a conversion value of 1-2 million dollars worth of common stock (based on when converted).
Saying they should "kill" someone is a bit strong don't you think?
Even for this board.
When they see his name change and dilution R/S they should kill him right there.
Gelman is a crook
Sorry! Hamp and I were told filings and CEO announcement would be made this week. Went out on a limb and gave Ron the benefit of the doubt that it would actually happen this week although he told Hamp it would be Tuesday. I'm sure it will happen but God only knows when because Ron doesn't seem to...
Yes I agree the buying and price action is welcomed here. Perhaps it is that the new CEO has friends that believe in him and/or his ability to get the company back on track. We shall see...
Guess the attorney letter and fee to OTC did not all get done today as Ron thought. Guess we will see if it happens tomorrow or if we wait till next week.
I've been without Internet for 2 days. Comcast just got through running a new line and hooking me up again. OH look, no news and no financials filed???? WTF is wrong with this bunch. Some things you cannot control but when you say your going to make a news release and file your financials, that is under your contol.