Readen Holding Corp. (RHCO)

[CoodBMoney]

My Fear for this Stock!.....I've stated before I would hate to see this company announce a Reverse Stock Split. I've almost never seen that turn out well for current shareholders. My bigger fear (but what I would do if I were in the driver seat of the company) is: considering there are about 259,000,000 shares outstanding after the recently announced acquisition, the total market Cap is about $13,000,000 (@.05).....If you subtract the recent 100 million shares issued for an acquisition, the 100 million shares used to purchase Readen Industries Ltd (July 25, 2011), and additional shares issued for other reasons, the public float appears to only be in the 35 million share range. At a pps of $.05 that is only $1,750,000.......This company could choose/vote to go private and we (shareholders) could do nothing. Investors that hold approx. 35 million shares vs Insiders that hold 200,000,000+ shares. Who wins???? It is well known that if your company stock is undervalued, many times your best investment is to buy back your own stock. That is what I would do as long as I thought the stock was undervalued and the company was generating cashflow to buy... But if the stock increases in value, this option becomes less atractive!!!!!!!!!!!!!!!!!!!!!..................