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Re: None

Wednesday, 08/24/2022 7:44:59 PM

Wednesday, August 24, 2022 7:44:59 PM

Post# of 5571
Regarding: Amendment of Transaction with Angelo Mermer Marble Mining:
readenholdingcorp.com

RHCO Stake in Angelo Mermer is worth $5M USD.
However, Even More Interesting:

"The transaction amount of EUR 2,070,000 (approx. USD 2.4 million) was paid by convertible bond of ANGELO MERMER, and was converted at 50% discount into 200 shares of ANGELO MERMER which equals to 5% of total ANGELO MERMER shares. Based on the valuation report of Baker Tilly (one of the largest valuation firms in the world) as of 31 March 2021, those shares worth approximately USD 5 million. It was calculated from 10% (USD 100 million) of total investment value of ANGELO MERMER (USD 1 billion)"

The $5 million value is based on only 10% of the total value of the company and RHCO owns 5% of total Shares of company. That would be $50,000,000.
GLTA!

Quarterly Earnings report to be released in next day or so. Since they are trying to update on OTC, they have not recently been late with filings.