Home > Boards > US OTC > Food - Beverages > Reynaldo's Mexican Food Company, LLC (RYNL)

Have not heard anything from the company yet.

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creede Member Level  Thursday, 05/07/20 06:45:39 PM
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Have not heard anything from the company yet. I wonder if they know they own this ticker.

OTC Markets lists Joe Garcia as the CEO. I presume when he sold the company to Wisconsin Cheese that knew this ticker existed — but maybe not.

https://www.otcmarkets.com/stock/RYNL/profile

OTCM says the company is not a shell, but OTCM can be wrong about a lot of things — especially when a company has been sold several times.

Thing is, it seems to me, they really need to do something about this situation. The company brand is right here. Plus they must own the old domain because it forwards to their website:

http://www.rmfood.com/

It seems to me they should want to either put this shell to good use (wouldn't that be our dream scenario? R/M their whole private equity firm and all their holdings) or buyout all the shareholders and take the thing private (make it disappear the right way).

If they try to just sieze control of OTCM and wipe everything out they would ruin our value and open up a whole new can of worms — legally speaking.

I honestly bought shares in this stock in large part because of the information listed at otcmarkets.com. I'm sure others did too.

I bet they are saying: "WHAT THE HELL?" at Wisconsin Cheese right this very moment.

Interesting situation to be sure.

GodBless-NoDoubt
creede
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