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Reading International, Inc. Message Board

everaertmich 2 posts  |  Last Activity: Jan 10, 2015 11:35 AM Member since: Sep 22, 2006
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  • everaertmich by everaertmich Jan 10, 2015 11:35 AM Flag

    can anyone scan the report in and mail it or is this illegal?

    thx

  • everaertmich by everaertmich Nov 12, 2014 4:28 PM Flag

    I researched the company, looked promising, but i held off investing due to the enormous intrest rate 2 insiders are charging the company on the 1 million loan last year and the 18% on the loan this year. Unless i'm mistaken they paid around 260k intrest on a 1 million loan.
    What am i missing or do i have it wrong, cause these are not normal intrest rates. A normal intrest rate of 10% on the loan, would have saved the company and the shareholders last year 160k in intrest rates and directly add to the bottom line.

    again, am i missing anything or did i read it wrong, cause i do want to invest in the company, it certainly looks interesting, but for such a little company, the integrity of the management team is crucial.

    can a long term holder give me a bit more insight into this?

    thx

    Sentiment: Hold

RDI
12.21-0.02(-0.16%)Jan 26 4:00 PMEST

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