Friday, October 27, 2017 2:38:18 PM
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?
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