RCCH Tick-Tock Clock -Clearance first then trading and cover, look out above
credit 15for2 for the post.
Once the SEC and Gendarme settlement is out of the way, then the company can reapply to get it's trading clearance back, until then RCCH is considered to have an illegal issuance of shares, so the DTCC keeps the lock in place to help out their short buddies in the brokerage world. When I spoke with the SEC attorney in the Gendarme case, he told me that it would be up to the company to pursue the remedy to remove the verifiable 2.1 billion naked short shares that Gendarme dumped into the market. To do that Newton simply has to get the clearance back (which could take a bit) then pull the NOBO list and compare it with the DTCC Stock Position Report, compare it to the OS and request the enforcement of the applicable rules already in the market based on the discrepancy.
I assume Newton already canceled the cert(s) that Gendarme illegally dumped, so this poses a real problem for the brokers and market makers that piled onto the volume we saw when Gendarme was dumping, so the naked short could easily be more than 2.1 billion, based on the trade volume I'd say it's 2-4 times higher minimum.
Clearance first then trading and cover, look out above
Read that again, based on vol. during the illegal Gendarme dump the NSS could be 4 to 8 billion short.
Once this opens to trade again guys, remember the numbers.
RCCH has a golden opportunity to have the most epic cover/short squeeze of all time if all the cards play in RCCH favour.
I want to be part of history, what say you?
