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Got a reply but not exactly to my question. I'll just post it as is (remember the translation is an issue).
"Good morning
it's only on the Long term the gold mine for the people how understand the biz and the company .
In the last years the company has done every thing
communicating the markets
it has cost lots of money but it never had the result so the management is convinced by now that On the OTC it is next to impossible to make people enthusiast other then the standard pump and dump stories so they have been taking all the hurdles what has been a hell of a job but they will uplist to QB and from there see how the market will react."
GLTA!!!
Yea, thank goodness I am not depending on this for my future financial security. I do occasionally talk with someone that owns about a million shares that I heard from today regarding a post I made yesterday on another stock we own. Told him I had earlier today sent message to former CEO (Ronald S) about the good news, "since there are millions of shares owned by investors that "You Know", can't you convince some to occasionally buy and sell a few shares to show people there is some interest in the stock". I have introduce many people to this company and although they see the potential, no volume prevents them from investing due to lack of liquidity.
For what it is worth, News today. Was told new CEO is much younger and was very instrumental in writing CODE for "READIES". Still doesn't matter for share price if there is no trading in the stock.
https://www.readenholdingcorp.com/news/the-partner-up-of-readies-and-opencart%2C-reaching--400%2C000%2B-merchants-worldwide
Hey Jax!
Since just you and me here. Asked Ron few questions yesterday. There have been some management changes that company will be making PR soon. Also, he said some good news should be coming hopefully this weekend. I think you know I am not trying to get you or anyone else here to buy shares. I'm just trying to keep a few people informed as company does not do a very good job.
Nothing new on why no trading in stock. Ron did recently answer my questions with a long detailed update and as always seems promising but has not resulted in anything with the stock.
Here are a few examples of what they are up to: "READIES" is the online payment system they developed. For an ex: Here is an online site that is using it: https://www.pele10.bet
Here is the Co./Site they acquired last year that allows buying/selling "Readies" as well as other Cyrptocurrency: https://finexeble.com
seems there are not many investors these days for small caps. everyone is a short term trader that are use to trading with no commission. As long as RHCO is only Pink, (and cost me $6.95 per trade), Just cannot see much volume all of a sudden. Watched a few stocks less than 10 cents trade over 1 Billion shares recently. but, most trading was for only 1-2 pennys, but commission free. do not know how to overcome this issue as it up to company to take the next to uplist..
Jax You are correct. If you look at the past 4 Qtrs positive earnings, it adds up to about $..01 earnings per share. Being a growth stock one could expect at least 20-25 PE share price or $..20-$.25 . I just do not know how to get this info out. sent to a few investors but they are all waiting to see volume which I have told this bunch many times over past years that without any trading volume, investors in US are not interested as there is no exit when one wants to sell. Guess we will see if we live long enough.
Have now posted 7 consecutive Quarters of Profit. Amazing is still a $.02-$.03 stock. Some day some will discover this company. Generating Revenue (and growing), Posting a Profit, Never a R/S or Offering to Dilute shareholders.
Sept. 2022 Net Income of +$54,316
Dec. 2022 Net Income of +$822,343
Mar. 2023 Net Income of +$1,886,501
June 2023 Net Income of +$2,170,460
Sept. 2023 Net Income of +$363,079
Dec. 2023 Net Income of +$622,351
Mar. 2024 Net Income of +$837,741
https://www.readenholdingcorp.com/
https://www.otcmarkets.com/otcapi/company/financial-report/402981/content
Sent Ron message yesterday about "No trades" even after news. That US investors have no interest in stocks that have no volume and (well I said a lot more).
He responded they are "aware and working on it". I really don't know what that means. But, he told me last year they had spent a lot on trying to promote the stock but it was wasted money. I do not know if that is the plan now or not. Ron always answers my questions but the answer is usually very brief.
RHCO ANNOUNCES APPOINTMENT OF NEW COO AND DIRECTOR OF FINTECH
https://www.otcmarkets.com/stock/RHCO/news/READEN-HOLDING-CORPORATION-OTC-PINK-RHCO-ANNOUNCES-APPOINTMENT-OF-NEW-COO-AND-DIRECTOR-OF-FINTECH?id=439355
Ok that was weird, screed is back to normal today. Think maybe time for computer upgrade:):)
Hey Jax, This site seems to have changed format and I cannot seem to find out how to go back to old screen. Not sure I will be able to post anymore as I was only able to open your message and reply to you. I also post about RHCO on Stocktwits so you might look there. If you know how to go back to old screen let me know how although not sure I would ever get your message.
With PINK status restored, understand the auditors will pick up "where they left off" this week to prepare to upgrade to OTCQB.
Trying to find out more about the Finexeble trading platform and when actually live. Will not be available in US but if they can generate income, I do not care as world is a big place. Lot of opportunity out there...
RHCO went back "PINK" today. Expecting 1st PR as soon as tomorrow.
Something to read while you wait.
Attorney Letter w/ respect to current Information. 4/5 to OTC
https://www.otcmarkets.com/otcapi/company/financial-report/397035/content
Also, Following site should go "Live" as soon as this week.
Visit: https://finexeble.com/
Have been told company has done everything OTC asked so hopefully we hear something this week.
When "yield" goes "pink" and it will, Several PR's should hit soon after.
Read: https://www.readenholdingcorp.com/news/acquisition-of-finexeble-s.r.o.%2C-a-czech-republic-company-with-a-crypto-license
Visit: https://finexeble.com/
Read: https://www.otcmarkets.com/stock/RHCO/news/READEN-HOLDING-CORPORATION-OTC-PINK-RHCO-ANNOUNCES-RESTRUCTURE-OF-TRANSACTION-WITH-ANGELO-MERMER-MARBLE-MINING?id=376782
Not sure what will be released, but heard there will be some pr's once the company regains "PINK" status.
Strong Revenue numbers in Dec 31, Qtr.
https://www.otcmarkets.com/otcapi/company/financial-report/393833/content
RHCO Website has News of filings and additional Statements from Company: Filing of September 30, 2023 and December 31, 2023 Financial Statements with OTC Markets
https://www.readenholdingcorp.com/
Jax.
Have heard (and also from a second source), "Yield" should be removed this coming week. Might have not stated properly in the past, but until OTC recognized the Management change (and I am now assuming they have), Company could not file financial Info. Thus could not get back to "Pink" from "Yield" due to lack of financial info (how stupid is that). We are due Sept. and Dec Qtr financials.
I have made a new contact that seems to know what is going on. He is not is US but watches this site. Asked me to join a Discord for RHCO and ask me to ask you also "without me mentioning you". I'll get back to you on that when I know more about it.
Jax. Nice to see such small volume made such big % gain in stock.
Cannot promise OTC issue will be resolved soon. But, I know all details and has to do with litigation that is really unrelated to current operations of RHCO. New CEO is in fact CEO as stated in this recent PR. Wish I could say more but trust me it will be resolved and when it is there will be good news to follow.
At Least something! Posted on Readen Holding Website:
"Acquisition of Excellentaste International Group in Hong Kong".
https://www.readenholdingcorp.com/
Jax. Thought you would be interested.
As I said before, OTC issue is mostly what "dave8888" stated on 1/30.
Expecting to be resolved soon and company still plans to Up-list once all is resolved with OTC questions.
Company is still doing well and will be interesting to see earnings reports once all is resolved.
Hey Jax! Everything "dave8888" said is true from my talks with Ron. I just did not want to get in trouble for stating "too much" info. However, since he/she did, it is what Ron told me.
I have no idea what might happen here with this stock and company. But, since they were profitable for last few quarters and seems that is still the case, just cannot believe this is a $.02 cent stock.
Have bought more recently and not planning to sell any until this is resolved. Will decide as things develope.
The last week of Dec. was last I heard OTC had requested Info. But, I thought that was the 4th time.
On Jan 11 was told OTC has requested clarification and "they" have sent "5 times adjusted paperwork from the lawyers".
Was told that day before the OTC "mentioned to our lawyers that they are reviewing again".
So answer is no, but they seem to think it should be re-solved soon.
Jax. You're the only one that might read this...
Ron always answers my questions. Translation is issue.
Recently learned the OTC "yield" has more to do with New CEO announced in Sept. Appears previous management had an issue with that.
OTC still asking questions as to management change and previous mgmt. (complaint).
Expects to be resolved soon, but appears cannot file Financials until OTC "recognizes" new management.
Despite that, was told company is still doing very well and all will be OK!
I know nobody follows this stock here anymore, But.
I posted this on another site in August. "company is still working on uplisting with OTC but a law suit concerning a past business deal involving 16 million shares of RHCO stock has delayed that until resolved".
Since then, a New CEO announced but no news since. OTC has had "yield" on company for some time now.
I have been told several times now OTC issue is due to Lawyer letter concerning current status of company. Plus, the lawsuit has been settled so I assume that also has to do with that 16 million shares. They have responded to OTC a 3rd time to resolve issue.
Once OTC issue is resolve, they will release latest Qtr. Earnings. Was told not to expect any news till OTC issue is resolved.
Whether you think that is good or bad it is what I have heard is the current situation.
trading_jeff and anyone else! If you have any legit questions you want me to ask Ron, as long as it is not considered "inside information", I am sure he will respond. I have been talking to this guy for many years. Just wish "Hampstead" was still around as he was the one that really mixed it up with management.
Here is my question from April, to Ron S. the former CEO. Still active in company and still owns about 10% of outstanding shares. Dutch is his 1st language to disregard the grammar.
Apr 19
View Benjamine’s 7:12 PM
Ron, without any updates from your team, there is little hope things will change.
The best thing that could happen with this company is to have the share price go up significantly and have "some" trading volume.
(without it, investor will not be willing to make a significant investment in the company as they see no way to exit).
Not you, but others that work for RHCO would surely like to see the stock price move up. Without news from time to time, what few people that would invest loose interest.
Sorry, but too many small stocks here trading millions of shares a day to keep people interested.
Gerardus Steenbergen sent the following message at 9:59 PM
View Gerardus’ profile Gerardus Steenbergen
Gerardus Steenbergen 9:59 PM
Dear Benjamin
With al the experience we have today to be traded on the pink sheets we work on it but for certain businesses, we just need to grow
We can give BS news but i don't think that make any sense
We are growing and we are working we spent fortunes on promoting the sock last year but in the end, it just doesn't work
on the long term do we want a real company with a real biz or do we want to have like a lot of them just throwing stories in the media
I love to get advice but so far everything we did didn't bring the volume you are looking for
For most part todays RHCO came about in 2011 with change of control and the 100% Acquisition of Readen Industries LTD. (Hong Kong). For approx. next 10 years, HQ was in in Netherlands. Only did business in Eastern Europe and Southeast Asia.
Former CEO gave up position due to health but still active in Company. HQ was moved to Hong Kong, then due to political issues was moved to Singapore.
Company still has No Presence in the United States and that is main reason So few people have ever heard of the company. New CEO has really turned company around and redirected company focus. Evident with most recent filing. Company has been working on Uplisting on OTC for awhile but a lawsuit involving a previous stock acquisition has a large block of stock holding up the process.
Filing of June 30, 2023 Annual Financial Statements with OTC Markets, Earnings Up 364%.
$2,170,460 "2023" vs ( $821,161 ) "2022"
https://www.readenholdingcorp.com/?locale=en
https://www.otcmarkets.com/otcapi/company/financial-report/380364/content
Well I hope Ron does not let me down on the ER. He has always been pretty close on filings and announcements. I am one of the few that will go out on a limb and state when a PR or ER is to be released. He seemed confident that it would be this week. Do not know what else I can say other than hope he is right.
I specifically asked Ron regarding ER being a little late, would there be a filing this week. He said YES. If profit equals or exceeds last quarter I would think the SP should see some improvement. I'm use to being disappointed but if they can show 4 quarters increase in profit. How can that not be significant for a "penny" stock?
Spectacular Expansion of Payment Options, Welcoming Cryptocurrencies and More to Revolutionize Digital Transactions.
https://www.readenholdingcorp.com/?locale=en
Hey Jax,
Talked to Ron last week and he laid out the schedule for a possible PR this week and ER in about 10 days which would be next week. He might be off a few days but he is usually pretty close.
Expecting a PR next week regarding developments in current businesses.
Earnings will be ready and out in about 10 days.
Will they show a 4th Quarter in a row of record Rev. and Profit???
Sept. 2022 Net Income of +$54,316
Dec. 2022 Net Income of +$822,343
Mar. 2023 Net Income of +$1,886,501
3 days straight of trading volume over 10X daily average. Too bad most penny stocks sell-off on Fridays. Maybe trend will continue next week and perhaps we can get a PR.
6 weeks or so ago I asked Ron if anything was happening with the "Angelo Mermer" investment (Turkey's largest holder of marble reserves. Operates an onyx marble mine). As previously stated, they have already shipped a large amount to China for evaluation/inspection. He said they "hoped" for news soon that would result in a significant contract.
www.angelovalentinomarble.com
A few weeks ago I asked about the recent acquisition of the Crypto company and how that would effect the previous plans for RHCO to have their own Crypto Coin (since I bought some in the CPO). He said that is still the plan and they plan to be doing work on that in August as they were currently working on other parts of that technology.
Hoping there may be news soon about either of these holdings and maybe that is the cause of recent trading volume.
Still watching and hoping they get all the moving parts put together..
A little action in SP. I hope I had a part in helping it happen. God knows nobody else seems to try, especially management. However, they are working on several things that might result in good news over next few weeks. As a holding Co. they have a lot of moving parts and currently not enough staff to work on each company in their portfolio. What I can say is there is no way this company should have a market cap of less than $8 million...
Exactly, (and most of those posts you saw was me), I have owned this stock for many years and have repeatedly stated it is virtually Unknown in the U.S. Unless and until it is "discovered", not much will happen because very few of the shareholders in Europe or South East Asia, trade stocks (at least not Penny Stocks).
If this was a US listed stock, it could easily be trading at $1.00 +++. GLTA !
Besides OTC markets and Twitter, there is also:
https://stocktwits.com/symbol/RHCO