![](http://investorshub.advfn.com/images/default_ih_profile2_4848.jpg?cb=0)
Wednesday, August 24, 2022 7:44:59 PM
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.
VAYK Exited Caribbean Investments for $320,000 Profit • VAYK • Jun 27, 2024 9:00 AM
North Bay Resources Announces Successful Flotation Cell Test at Bishop Gold Mill, Inyo County, California • NBRI • Jun 27, 2024 9:00 AM
Branded Legacy, Inc. and Hemp Emu Announce Strategic Partnership to Enhance CBD Product Manufacturing • BLEG • Jun 27, 2024 8:30 AM
POET Wins "Best Optical AI Solution" in 2024 AI Breakthrough Awards Program • POET • Jun 26, 2024 10:09 AM
HealthLynked Promotes Bill Crupi to Chief Operating Officer • HLYK • Jun 26, 2024 8:00 AM
Bantec's Howco Short Term Department of Defense Contract Wins Will Exceed $1,100,000 for the current Quarter • BANT • Jun 25, 2024 10:00 AM