Category Archives: Business

Topics related to business.

Brands, what do they mean to you…

Brands, what do they mean to you…

At Third Coast Aviation LLC, we are a member of the Alignable website (see our profile).  This infographic was of interested, so I thought that I’d share it with all of our followers:

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Posted by on June 24, 2017 in Business


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OTC Markets & promotional data

OTC Markets & promotional data

Today OTC Markets put out its monthly newsletter today (here is a link to my copy of the newsletter, but you should go here and sign up to receive them yourself) and reiterated that it had purchased, which tracks promotional information and has since 2011.  Now, what do you think that they are planning to do with that data?…

Keep up to date with OTC Markets.

© 2017 by Rhodes Holdings LLC and Robert C. Rhodes, all rights reserved.


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Crypto currencies and making money

Crypto currencies and making money

Crypto currencies, especially BitCoin, have been an interesting research topic of mine for the last three years.  Logically, these currencies make sense as the problem with most fiat currencies including the US dollar, the British Pound, the Euro, etc. is that national monetary policy will effect their value against your local currency.  Crypto currencies that are not aligned with a single national government are a step away from nationalism, but you must be careful and cognizant of the risks, and possible benefits.

Risks & Benefits


The risks associated with crypto currencies are many, such as:

  • Fraud, scams
  • Volatility
  • Acceptance
  • Technical difficulty, and hackers
  • Few protections

I won’t in depth on these because they have been discussed by the SEC in its alert entitled “INVESTOR ALERT: BITCOIN AND OTHER VIRTUAL CURRENCY-RELATED INVESTMENTS” issued May 7, 2017, FINRA’s alert entitled “Bitcoin: More than a Bit Risky” updated May 7, 2017, and the Consumer Financial Protection Bureau (CFPB) consumer advisory from August 2014 entitled “Risks to consumers posed by virtual currencies“.


Let’s face it, there is one exceptional reason for us all to be interested in crypto currencies – making money.  But let’s take a look at some of the other benefits:

  • Transfer fees are  low since crypto currencies are transfered person to person via the internet, without going through a bank or clearing house.
  • The software for BitCoin at least is open source and is open for anyone to see.
  • International transactions are fast and don’t require banks to get in the middle.
  • Your identity can be protected, which is also a risk – national authorities don’t like it when you can’t be tracked.

So how do you make money other than with the fruits of your labors (work man, work)?  Well currency trading of course – buying crypto currencies like BitCoin with a national currency like the US dollar and riding the value of a crypto currency up (like the early part of May 2017 when BitCoin went increased $1,364.05 to $2,348.71, as of this writing).  Of course the opposite is also true when in the last week the price of BitCoin dropped preceiptiously).

Research Sites

I have a lot more to say about crypto currencies, and especially about BitCoin and LiteCoin, which are two crypto currencies that I have gotten into recently.  First, take a look at these sites:

  • – An open source site about BitCoin.
  • We Use Coins ( – Related to
  • – the official website for LiteCoin.
  • – the official website for the ethereum crypto currency, “a decentralized platform that runs smart contracts…

Here are some tools that I use:

  • Coinbase – a wallet that currently supports BitCoin, LiteCoin, and Ethereum.

© 2017 by Robert C. Rhodes and Rhodes Holdings LLC, all rights reserved.

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Posted by on May 29, 2017 in BLOG, Business


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What is the PCAOB auditor process for public companies?

What is the PCAOB auditor process for public companies?

I’ve worked with public companies since 1998 in some form or fashion – either being the investor who provides the equity to “go public”, being the private company who goes through the process of going public, or being the consultant who helps the private companies through the process. One of the most frustrating parts of either “going public” or being public is interacting with the PCAOB auditors. Most of the frustration comes from the process, a good process at that, but a process of completing the audit itself – it’s a process that provides the auditors with the background documents and confirmation that the financial information that they have received is correct.

The Process

For the uninitiated, the process is one that can be daunting the first time you go through it, and can make you hate even your best friend who is a PCAOB auditor, but it is a process that you must be familiar with in order to complete.  Here is the process step by step:

  1. Engagement letter
  2. Requested information list issued from auditor
  3. Information requested sent to auditor
  4. Process information, roll forwards, etc.
  5. First partner review
  6. Client responses to (5)
  7. First audit partner review
  8. Client responses to (7)
  9. Second audit partner review
  10. Client responses to (9)
  11. If 10K, auditor must receive all third party confirmations prior to filing
  12. Partners sign off
  13. EDGAR-ization / XBRL
  14. EDGAR-ized sent to auditor / client for sign off
  15. EDGAR-ized & XBRL filed

Usually after you’ve gone through all of this, it’s time for a vacation because it is a gut wrenching process by which the auditors determine if they have all the detail in order to provide their opinion that the financials are a fair representation of reality.  Remember, this is not an opinion that you have not committed fraud or some other malfeasance, but that you have provided them all of the documentation that they require.


© 2017 by Rhodes Holdings LLC and Robert C. Rhodes, all rights reserved.


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ARSC posts current information on OTC Markets

ARSC posts current information on OTC Markets

21American Security Resources Corporation, publicly listed on the OTC Markets for quotation under the symbol ‘ARSC’ posted current information for the quarter today.  The posting is available at:

OTC Markets’ financial listing service

Other information is available at these sources:

Long time client…

ARSC is a long time client of Rhodes Holdings LLC.  We believe in their business plan, and we believe that they’re going to be successful in the future.  Take the time to call the company’s officers, Frank Neukomm or Bob Farr – they definitely can win you over to their business plan.


© 2017 by Rhodes Holdings LLC, all rights reserved.


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Posted by on May 17, 2017 in BLOG, Business


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Mr. Rhodes to present at the next FundingPost event

Mr. Rhodes to present at the next FundingPost event

Are you looking to meet investors and learn more about raising capital in Houston? You do not want to miss this event. Get registered for the FundingPost Investor RoundTable on Thursday, June 16th, 2016. FundingPost has hosted 350+ sold-out venture events in 23 cities over the past 15 years.

This next Houston event is located at The Work Lodge here. The Work Lodge is a member only shared workspace with modern offices, amazing conference rooms, and a meaningful business community. We will have several investors in attendance and several investors on our panel to discuss the Houston Start-up community and how to raise capital for your start-up.

We will have a panel of local and out-of-town investors focused on pitching to early-stage investors, and what it really takes to get them to write you a check! We will be discussing the things that are most important to them when they are considering an Investment, the best and worst things an entrepreneur can do to get their attention during a pitch, and, of course, the best ways to reach these and other Investors. There will be plenty of time for networking with the Investor panelists during the breaks and networking party!

20 entrepreneur attendees who sign up will get the option to pitch their business idea in 1 minutes or less in front of the investor panel.

Along with the pitch competition, there is an educational and networking component to the event. All attendees will be gaining an understanding of what investors are looking for in the Houston market and what our entrepreneurs are building. All attendees will be able to market themselves (including their products and/or services) throughout the event through networking with one another.


Location: 118 Vintage Park Blvd., Suite W  Houston, TX 77070
Date: Thursday, June 16, 2016
Time: 3:00 – 5:30
– Entrepreneur: $45
– Investor: $55
– Table Sponsor: $500


  • Steve Tinkle, Chief Doer of Sumo Business
  • Robert Rhodes, Rhodes Holdings LLC
  • Cody Cupp, Principle, Founder – UNEE GROUP- HAN Member
  • Jason Kaminsky, Venture Partner,
  • Casey Minshew, Texas Director, – Opening Remarks


Please go to the FundingPost website for more information and to register for this event…


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Getting Started with a new corporation…

Getting Started with a new corporation…

We will take a break from looking at different types of organizations to take a look at the mechanics of creating a new corporation.  Since there have been many requirements added since 9/11, including those added by the Homeland Security Agency and Dodd-Frank requirements, many items are now required that were not required previously before people will accept that you have a “real” organization.


Here is a simplified step by step creation list for people, at least in the Great State of Texas:
  1. Incorporate – file your articles of incorporation with the domiciled state
  2. By Laws – Write them
  3. Incorporation meeting of the board of directors – minutes to adopt articles of incorporation, By Laws, appoint officers
  4. Issue stock certificates – must create a stock ledger
  5. Create a corporate binder
  6. Entity Identification Number (EIN) with the U.S. I.R.S.
  7. Create a Dun & Bradstreet Number (D.U.N.S.)
  8. Get an Internet domain name
  9. Create a website and associate the Internet domain with the website

This was originally on another website,, in a posting entitled “Getting Started with a new corporation…” on October 6, 2015.  Copyright 2015 by Key To Funding organization.
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Posted by on April 26, 2016 in BLOG, Business


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