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The problem they had with any hype was it just created a pump and dump. Once that happens a few times it makes people weary I think.
Report looks fantastic, they said they had more news later in the week so hopefully it's regarding the deal in France
I can't seem to get an order filled even buying at the ask right now and i know others are having this same issue. I can understand not getting a bid filled but an ask?? It is very frustrating but I firmly hold the belief that as long as the company keeps heading in this direction the share price will reflect it eventually.
It's encouraging I'll say that. The stock is frustrating but I do think the price will start to reflect the growing financials. Eventually
The revenue is increasing at least. I do feel the company is in a much better position than it was during the Neckermann era. The lack of volume is very frustrating. I myself have struggled to get orders filled even at the ask price. I've had orders blocked by my broker even when the stock is at current. I know a few others have had the same issue with their brokers.
As I understand it they can't invest in the otc? Maybe someone can correct me on that
They have their own app stores, not sure about numbers though.
https://www.otcmarkets.com/stock/RHCO/news
READEN HOLDING CORPORATION (OTC PINK: RHCO) TRANSFORMS NECKERMANN ONLINE STORE INTO NECKERMANN DIRECT B2C E-COMMERCE PLATFORM
Press Release | 06/21/2022
READEN HOLDING CORPORATION (OTC PINK: RHCO) TRANSFORMS NECKERMANN ONLINE STORE INTO NECKERMANN DIRECT B2C E-COMMERCE PLATFORM
Readen Holding Corporation (OTC PINK: RHCO), a Venture Capital Corporation which is active in the Fintech, Online Payment and E-commerce industries, today announced that they have transformed Neckermann Online Store into the all new Neckermann Direct B2C E-commerce Platform (www.neckermanndirect.eu). The Company has revived a 70 years old, one of the most well-known retails brand in Europe into a front runner of global E-commerce, providing a platform for Asian merchants and products to enter European market.
Founded in Germany in the 1950s by Dr. Josef Neckermann, Neckermann quickly grew to be the largest mail order company in Europe and once distributed over 3 million copies of product catalogue to households. Over the years, its offering of over 700,000 products along with its credit facilities, made Neckermann a household brand in most European countries. In 2016 RHCO took over a majority in Neckermann in the Benelux and implemented a new strategy to rebuild it to be an online retailer.
In early 2022, RHCO decided to transform Neckermann Online Store into Neckermann Direct, an all-new B2C E-commerce platform which welcome cross-border merchants from Asia to directly sell their products to customers in Europe. The Company realized the market opportunity, as there were tremendous needs from Asian suppliers, factories and merchants to sell directly to Europe, yet the current block of Chinese merchant accounts by E-commerce giant Amazon has forced many Chinese companies to seek other direct selling channels. Neckermann Direct aims to activity bridging the gap, encouraging genuine and high-quality Chinese / Asian products to be offered directly on its platform without any wholesaler.
According to the Shenzhen Cross-border E-commerce Association of China, Amazon has blocked at least 50,000 Chinese merchant accounts since May 2021, and Chinese cross-border E-commerce companies had suffered losses of more than 100 billion yuan (USD$14.93 billion) (up to Aug 2021). It was estimated that Chinas market scale of cross-border E-commerce would hit 14.6 trillion yuan (USD$2.18 trillion) in 2021 and exports accounted for 77.5%.
The transformation was part of RHCOs E-commerce initiative that also included Two Percent Online Store (www.twopercent.hk). RHCO has transformed Two Percent into a comprehensive retail platform for all luxury brands, serving the growing demand for European Fashion, Cosmetics and Body Care Products throughout Asia.
Richard Klitsie, CEO of RHCO stated, Our all new Neckermann Direct Platform is definitely riding on the global E-commerce wavefront. We see that Chinese and Asian merchants are longing to sell to Europe, so the market potential is beyond imagination. Neckermann Direct can provide a trustful platform as the whole Europe knows Neckermann. And our synergy of Neckermann Direct, Two Percent along with OkePay and OkeApp is building RHCO into a strong and solid E-commerce / Online Payment enterprise.
Readen Holding Corp. (www.readenholdingcorp.com) is a publicly traded Venture Capital Corporation, with major holdings in the Fintech Industry and has been increasing its investment in E-commerce and E-payment sectors, such as;
?? Very good
The week has been very solid as well. Still up nicely from the start of the week, today's price action was too wild to sustain though
Was a clerical error it seems. Back to current by next week
Noticed a yield sign this morning. Spoke to both Ron and Richard, seems to be an error on the part of the OTC. They are looking into it.
Yeah for sure. These earnings should be good. The market should pick it up if they're as good as I'm hearing
OK send them a contact request via https://oktoken.biz/contactus
I'll see if I can find a solution for you
Jax have you ever been able to log in or is this for account creation?
I had this issue on my Gmail account funnily enough. I switched to my outlook account and it went through fine. Silly question but have you checked your spam filter?
Yeah when you fund the account it will just automatically be in dollars.
No worries I've been reading up as much as possible, I think I have a decent handle on how it works now. It's actually pretty great the way its set up.
There's no charge when buying direct from the site
Yeah not shifting. OTC seems a bit dead at the moment. It will come eventuall
Yeah according to twitter the earnings are due. The following earnings will be the one to look for though. If we saw 700% increase in January we're in for a hell of a ride
Just a great sense of optimism coming from the company at the moment. Shame it lost that momentum but that will come again.
Totally. It's a bargain at this price. I'm all tapped out with Xmas coming or I'd throw the kitchen sink at this one
Nice early Christmas present for us all
Back to pink current. Finally.
OK so I'm taking a wild stab in the dark and guess you're not a fan then?
Taking their time removing this yield sign
At least we know now and have a time frame. I've been refreshing the OTC website every day ha. Thanks for the update
Some offloading I'd imagine. I don't see this having a run again until the yield is off. Good price to buy in at though.
Yeah hopefully the yield sign issue will be sorted soon. Volume was impressive