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That sounds like an appropriate ruling to me. Maybe Gene can take some action based on that.
DD
Recent ruling affecting DTC and stocks such as RCCH.
http://myemail.constantcontact.com/NIBA-Industry-Alert--SEC-Orders-DTC-to-Adopt-Fairness-Procedures-on-Suspensions.html?soid=1101272616001&aid=hjop6zFr0D8
Rally is NOT owned by RCCH.
jmo
SEC will disgorge any profits made by Gendarme. RCCH will get nothing.
Gene screwed RCCH shareholders by selling deep discounted shares to Gendarme.
Gene got the money for those shares.
The discounted shares would have been sold into the market after one year in any event.
Ask Gene why he sold the shares in the first place.
jmo
A very good point that has not been discussed here.
Yep, hence why Gendarme will IMO settle long before June of next year.
Once this situation is cleared up, Newton will do just that. What's the point of doing it now if people can't buy or sell freely on top of the diluted share structure?
But OP, those shares were to be kept out of the market thus not affecting the value. Gendarme dumped those into the market, not Newton.
And they hoped to accomplish what? Bring in heavy volume for a stock that cannot be easily purchased? Or they showed us that this stock can and did trade at a 500,000% premium to today's price with an asking price that stayed there for a week. Not a day, but an entire week.
its so so ridiculous!!! you guys and gals are arguing about a sec lawsuit that is well over a year away?? and what happens if the sec wins(you notice i said sec,because thats who is going after gendamare). well they will get money, gendamare will pay a fine. YOU DO KNOW THIS WILL DO DIDDLY FOR US!!! like seeker has painstakenly said for years SHOW US YOUR BUSINESSES!!!!!! this situation reminds me when people on this board got so excited about the one week fail to deliver cover!! yea you all remember how ridiculous some of you were talking back then!! this will have the same impact!! forget GENDAMARE, lets see if this guy who has screwed us to this point and actually be honest one day in his life and show us what hes doing to grow the company!! but we all know he wont!!!
Hypehunter does this compute?
And anything independent of RCC and current that shows RCC is Sole Subsidiary?
Rally Biochemical, Inc.
Sole Subsidiary of RCC Holdings Corp.
At present, the main shares are held by Mr JingRu Wei, the chairman of the board, and Mr Xin Chen, who is the vice chairman and the general manager.
Rally Corp is a private enterprise,
This was as of 2008. When was RCC supposed to have taken it over?
Shouldn't as sole subsidiary RCC hold the shares? Confusing to me at least. More smoke and mirrors?
Provide a Link for that, PLEASE!!!!!!!!!!!!!
Quote: "RCCH IS INVOLVED IN AN ONGOING SECURITIES FRAUD CASE
RCC Holdings Inc. (RCCH.pk) Has Been Implicated in a Current Securities and Exchange Commission Stock Fraud Case. (..)"
Nanjing Rally Biochemical Inc
Company Profile
Registration Date: Jan. 15, 2008
Last Updated: Jan. 15, 2008
Company Contact
Name: Mr. ¹âÐñ Öì [Sales]
E-mail: Send Message
Phone Number: 0086-25-58841500
Fax Number: 0086-25-58841227
Address: South ¾©City ¸ßÐÂDistrict пƶþRoad 20 No.
½ËÕProvince South ¾©City 210064
China
Business Nature: Manufacturing of Chemicals category
Company Brief
Nanjing Rally Biochemical Inc., founded in 1996, is a scientific and technological corporation. It is located in Nanjing High-Technological Industry Development Zone, about 20 kilometers away from the City of Nanjing. So it has beautiful surroundings and convenient transportation.
At present, the main shares are held by Mr JingRu Wei, the chairman of the board, and Mr Xin Chen, who is the vice chairman and the general manager.
Rally Corp is a private enterprise, integrated by scientific research, production and trade.
Its aim is to create, develop and marketize the high-technological medicine to make high profits. It is also a medium-size enterprise, majoring in producing medical mediums, nutriment, fine chemicals and Bio-chemical products such as Melatonin Genistein, Daidzein and Calaium pyruvate. In the marketing competition dominated by science and technology, Rally Corp has a research center with first-class technicians, complete sets of testing devices , an advanced detection center and an attached factory. It has a staff of more than 100, amony whom senior and intermediate technicians as well as administrative personnel take up 50 percent.
Rally Corp strictly control its quality according to the international standard, earning numerous clients and extensive marketplace and bringing a great deal of economic benefits, Its products are mainly exported to Europe and America. For many times, the corporation has been acknowledged as a reputable enterprise which stick to contracts and abide by its word.
http://wwwrallybiochemcom.itrademarket.com/profile/nanjing-rally-biochemical-inc.htm
Supply Resveratrol
ResveratrolCAS No.:501-36-0
Synonyms: 3,5,4'-trihydroxystilbene;3',4',5-Trihydroxystlbene
Molecular Formula: C14H12O3
Product Description
Validity
Product Grade Food Grade 98.0%
Capacity 10000Kg
Supply Position Normal Production
Package
Unit Price 6000dollar/Kg
Pricing Terms EX Work
Contacts
Name zhu shirley
Telephone 86-25-58841500
E-mail jerry3204@sina.com
http://rally.en.echinachem.com/EN/free/products_details.aspx?SupplyOrRequestID=253922&CompanyID=32871
Supply Soybean Isoflavone
Soybean Isoflavone CAS No.:--
Synonyms: Soy Bean Isoflavone; Glycine max(L.)Merr
Product Description
Validity
Product Grade Food Grade 98.5%
Capacity 20000Kg
Supply Position Normal Production
Package
Unit Price 750dollar/Kg
Pricing Terms EX Work
Contacts
Name zhu shirley
Telephone 86-25-58841500
E-mail jerry3204@sina.com
http://rally.en.echinachem.com/EN/free/products_details.aspx?CompanyID=32871&SupplyOrRequestID=253919
Description
Product Name: Octopamine
Supply Ability: 20T/year
Specifications assay:95.0%
Price Term:
Port of loading:
Minimum Order
Unit Price:
Octopamine is a phenol amine organism of arterenol. It exists in the bodies of some vertebrates and non-vertebra animals. After catalysis and hydroxylation by dopa hydroxy zyme, tyrosine forms to Octopamine. It is a eka-paranephrine biological product.
Contact Us
Company: nanjing rally biochemical inc
Contact: Ms. zhu jun
Address: 20 Rally Building£¬XinKe Er Road NanJing Hi-Tech Zone 210061, P.R.CHINA
Postcode:
Tel: 86-25-58841500
Fax: 86-25-58841227
Homepage: http://www.rallybiochem.com
http://shirley6600.globalimporter.net
http://shirley6600.globalimporter.net/pod2/2446/242287/octopamine.htm
l-citrulline
Specification: assay:99.0%
Detail: White crystalline powder
select
2
luteolin
Specification: assay:98.0%
Detail: pale yellow crystalline powder
select
3
phlorogluctinol
Specification: assay:99.0%
Detail: White to light yellowish powder
select
4
thiamine monophosphate
Specification: assay:98.5%
Detail: White crystalline powder
select
5
resveratrol
Specification: assay:98.0%
Detail: off white or pale yellow Crystalline powder
select
6
octopamine
Specification: assay:95.0%
Detail: Octopamine is a phenol amine organism of arterenol. It exists in the bodies of some vertebrates and non-vertebra animals. Afte...
select
7
equol
Specification: assay:98.0%
Detail: Equol naturally exists in the urine of horses,donkeys and human. It is also estrogen for plant growing.
select
8
l-theanine
Specification: Jp2000 ,ASSAY:99.0%
Detail: It is similar to L-glutaminate, mainly used as a medicine to improve the function of brain. It can also be used to treat alcoh...
select
9
genistein
Specification: assay:99.0%
Detail: a. anti-cancer b. to deduce blood-fat c. to act as estrogen d. can be used as nutriment or...
select
10
daidzein
Specification: assay:98.5%
Detail: 1,to act as estrogen 2,to relieve the pain 3, to increase blood volume of flow , to decrease oxygen consumption and ...
select
http://shirley6600.globalimporter.net/freeprocat/Pharmaceutical+intermediates/1.htm
you want real, try to sell this stock
JohnW, the CEO of this company SOLD the shares to Gendarme for UNDER .0001, is that not right? - are you listening? that is
acting just the OPPOSITE of the way a ceo should act - in his duty to enhance & grow shareholder value, protecting shareholders, etc.
NEWTON SHAFTED US. his 'quantitative easing' devalued our equity in rcch. he is guilty of being a horrible, careless, miserable CEO.
come on.
jim, seriously? what was it, 319 shares or something? somebody probably bought those just to shake things up a bit - to shock the portfolio, shock the mm's or whatever. it was NOT some reflection of value here. come on, man. be real.
Rally Biochemical, Inc.
Sole Subsidiary of RCC Holdings Corp.
Since 1996 Rally Biochemical, Inc. has been dedicated to research, development and the manufacture of an assortment of other chemical products with an eye on research and innovation.
The Facility, located just outside the City of Nanjing, houses a state-of-the art research center with some of the most advanced testing and detection equipment available, production factory including packaging and shipping and a staff of more than one-hundred of the most talented technicians and administrators in the industry.
Rally’s High standards and in-place quality controls has earn the company an outstanding reputation, which has grow into markets extending into Europe and North America with plans to grow internationally.
Currently, Rally is involved in research of the New Anti/HIV drug Rallynavir.
http://web.archive.org/web/20061030183721/http://www.rccholdings.com/Rally%20Bochemical.htm
Company: nanjing rally biochemical inc
Contact: Ms. zhu jun
Address: 20 Rally Building£¬XinKe Er Road NanJing Hi-Tech Zone 210061, P.R.CHINA
Tel: 86-25-58841500
Fax: 86-25-58841227
Homepage: http://shirley6600.globalimporter.net
http://shirley6600.globalimporter.net/g1_contact.asp
http://shirley6600.globalimporter.net/freeprocat/Pharmaceutical+intermediates/1.htm
Business Type: Manufacturer
Year Established: 2000
Products/Services We Offer: L-Theanine¡¢genistein\daidzein\equol\ Resveratrol \Thiamine monophosphate\ Octopamine\
R&D Staff: 51 - 100 People
Legal Representative / CEO:
Number of Employees: 51 - 100 People
Annual Turnover: US$50 Million - US$100 Million
http://shirley6600.globalimporter.net/g1_profile.asp
http://web.archive.org/web/20061110151508/http://www.rccholdings.com/Aquisitions.html
You seem to have a lot of questions about RCCH, so let me just briefly, as I don't have much time, bring you up to speed on some of the current situations of RCCH, but let me first say happy 1 month anniversary of joining IHub, hypebuster!
The most recent focus has been on the lawsuit against Gendarme Capital Corporation, Ian Lamphere, Ezat Rahimi, and Cassandra Armento. RCCH is just 1 of at least 12 companies that are listed as VICTIMS of this court case. Gendarme allegedly manipulated the system in order to SCAM RCCH and these other companies. View the SEC complaint to get the full details. http://www.sec.gov/litigation/complaints/2011/comp21798.pdf
Some have expressed concern that Gene Newton (CEO) even attempted to get money in order to grow the business by selling shares (a common business practice) to Gendarme.
Some have expressed concern that Gene Newton has not made public PRs in a long time.
Some say that information is being withheld until such a time that RCCH can get out of the "naked short selling cellar boxing" stage.
Some say RCCH has no business.
Some say RCCH has dozens of businesses.
I have invested a small amount based on my own DD. You should also make your own decisions based on your own DD.
Best of luck to you!
You may disagree, but that's how it goes time and time again in SEC settlements. It's not even disputable as you can look up case after case and see exactly what the outcome was. If you or any other investor wishes to sue Gendarme individually or in a class action case, you'd best be prepared to show exactly how they damaged your investment and to what extent. Good luck with that.
Now this is were we disagree, I'm not lawyer but Gendarmes actions damaged OUR RCCH investment (dont nobody say the say line, Gene did tht selling blah blah) stay on point, SEC says Gendarme sold shares..if Gendarme gets fined or settles, RCCH investors were damaged for 4 years..we deserve compensation, in damages from the jury. So I hope RCCH DOES benefit in pps
What will actually happen to Gendarme if found guilty?
They'll have to disgorge the profits they made from selling shares early to the SEC, plus pay interest and fines.
How will this help my investment?
It won't.
Two questions. What will actually happen to Gendarme if found guilty? How will this help my investment?
RCCH IS INVOLVED IN AN ONGOING SECURITIES FRAUD CASE
RCC Holdings Inc. (RCCH.pk) Has Been Implicated in a Current Securities and Exchange Commission Stock Fraud Case.
Note: Posts are not responsible for any loss associated with stocks mentioned on this board. Under no circumstances will authors be held liable for losses incurred due to information presented anywhere on the board. Please do your own research before establishing an equity position in RCCH. Not all stocks mentioned on this site are suitable for your investment needs. Carefully evaluate your own risk tolerances.
Mcokpba, you deserve a better response. Newty is just a small time penny stock scammer. He is not even man enough to list his phone number or email. A true low life.
Now no one forced newty to sell the shares. But he did and it resulted in a trip zip price and a chill. Not to mention being involved in a securities fraud case.
Now we have sec attorneys who know of rcch. At it is time to bring newty to their attention in a major way.
Time to turn the light on this cockroach.
has the ceo made you any profit this year?
what about last year?
when is the last time rcch put out a real pr?
Ok, let's wait for justice to rule. In the meantime I would encourage everyone to email all the attorneys with any emails you have received from newty. Let them know what has been happening or not happening here.
See if they have seen "a fonder heart"
Could you please post a link to the restrictions on the stock? How do you know they would be unrestricted in a year? Aren't there different restrictions that can be placed on stock such as the company reaching earnings per share goals or financial targets?
I’m sorry it’s hard to accept that fact_that_RCCH_is_a_SCAM_and_you’ve_been_FOOLED
...and your INVESTMENT in RCCH is WORTHLESS...
...and that you’ve been PLAYED BY A TWO-BIT SCAMMER
...and that the money you dumped into RCCH is GONE...
But INVESTING FOOLISHLY in RCCH may have a bright side...
Investors won’t be so GULLIBLE the next time...
Maybe if investors did some simple research on the CEO of RCCH (Vernon Gene Newton)...
… and saw all his previous Criminal Activity
(see: http://investorshub.advfn.com/boards/read_msg.aspx?message_id=73484333)
... or Just Google his name...
...they would have known that RCCH is a SCAM
...and NOT INVESTED in RCCH
Hopefully a Valuable Lesson was learned.
GLTY
Gendarme's shares would have been unrestricted in one year regardless.
Gendarme got a DEEP Discount. They would take their profits.
jmo
You [can't and] shouldn't prejudge a victim (RCCH) of a crime. RCCH believed that they had the right to run a business without illegal interference. Shareholders saw their efforts as a good investment and bought it quickly and steadily.
Anvil (post – 104821) – “I guess they [Gendarme] were the lucky one's, that is, 1) being able to sell 2.1 billion shares; and 2) being able to sell 2.1 billion shares at a profit.”
My comment – Well Anvil, I disagree with your opinion. Being named as primary defendant in a SEC securities fraud case for ALLEGEDLY illegally selling 2.1 billion shares at a profit is NOT LUCKY in my book.
I don’t wonder what DD I found that caused me to determine RCCH was a higher risk investment that may pay off in the long run, enable me to live well in retirement and provide financial stability for my children when the bill for U.S. National Debt comes due in the next ten years.
As importantly, the timing of naked short selling of RCCH stock immediately before and for a long time after the end of third quarter 2008. Sorry, I do not have a link for ILLEGAL naked short selling.
How could you know that those shares would hit the market in a year? Please provide a link.
The opinion letters falsely claimed that Gendarme was not an “underwriter,” and thus did not intend to distribute the shares.
That does not explain Gene's LIES about:
- increased revenue projections
- private placements being done @ $1.50/share
- share value of $3.00/share
all while selling at $0.00005 to $0.00007
Quite a Disconnect.
jmo
I agree with you and know that as it is common practice to do so in order to get funds to grow a business.
Gene sold those Deep Discounted shares to Gendarme.
They would have hit the market regardless in a year.
jmo
Rule 504 of Regulation D of the Securities Act exempts from registration certain limited offerings and sales of securities that do not exceed $1,000,000. But a person who has purchased shares from an issuing company with a view to distributing the securities is an “underwriter” under the Securities Act, and any public resales in the short term (within one year for shares of non-reporting issuers) by that purchaser are not exempt from registration.
...
24.
From early 2008 to at least May 2010, Gendarme bought stock from at least 12 different issuing companies and distributed more than 15 billion shares in the public markets. None of the transactions was registered with the Commission. The transactions are summarized below....
http://www.sec.gov/litigation/complaints/2011/comp21798.pdf
No, I strongly disagree. They happened to make the same last second decision on all of the stocks they are charged with illegally selling. I doubt that arguement will fly when (if) it ever gets to trial. Gendarme scammed all of these stocks. However they all had management willing to seek the toxic financing in the first place.
Please remember Gene sold them in the first place!
You can't prejudge Gendarme. They believe that they had the right to sell the stock. They saw it was a bad investment and sold it quickly. I guess they were the lucky one's, that is, 1) being able to sell 2.1 billion shares; and 2) being able to sell 2.1 billion shares at a profit.
I just wonder what they found that caused them to determine it was a bad investment.
As importantly, the timing of their sales to timing of news releases.
I agree that it hurt shareholders and RCCH when Gendarme illegally sold shares that were not for resale.
NO .. RCCH Victimized its Shareholders by selling deep Discounted shares.
jmo
Sadly_RCCH_is_a_VICTIM_in_this_CRIMINAL_CASE_against_GENDARME
I agree with you... It is terrible that RCCH got victimized
Did Gene approach them to sell or did they approach gene to buy?
Sadly_RCCH’s_participation_in_this_CRIMINAL_CASE_is_detailed_in_the_SEC_COMPLAINT
I agree with you… It is terrible that RCCH is involved with this CRIMINAL CASE.
I can see the difficulties in believing in RCCH for year after year after year....
...and then finally realizing that RCCH is a SCAM
...and then coming to terms that you fell for this Stupid SCAM
...and all your investment in RCCH IS NOW WORTHLESS
Yes...It must be difficult...
Yes RCCH was a Foolish investment.....Maybe a lesson learned...
GLTY
Gendarme may settle ... and then the SEC will move on those Issuers, like RCCH, that were complicit.
jmo
I dont understand what you mean? you mean who will settle first?
Holy Crap.
Yes that does sound better.
Go RCCH! Weeeeeeeeeeeeeeeeeeeeeeeeee
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RCCH is now Caveat Emptor (skulls and crossbones) on OTC Markets
ABOUT RCC HOLDINGS CORPORATION
"RCC Holdings, Corp. (OTCBB:PK RCCH) through acquisitions offers consulting, financing and overall business structure in the public and private equity sectors. RCC Holdings, Corp. specializes in finding undervalued small cap and microcap companies with exciting products, services or technology that are poised for explosive growth. RCC Holdings Corp. provides these companies with guidance and strategic counseling to help them succeed. RCC Holdings Corp. is currently in negotiations with several companies which meet these criteria.
The company' mission is to create value for our shareholders by applying strong technical expertise to strategies that will unlock substantial water, oil, and gas resources in areas where production can be achieved quickly and efficiently"
Phone Number: None Confirmed
Company Address: None Confirmed
Website: http://www.rccholdings.com
Share Structure:RCCH Shares A/S 10 Billion RCCH Shares O/S Gagged T/A | Transfer Agent Securities Transfer Corp. http://www.stctransfer.com/ e-mail: help@stctransfer.com 2591 Dallas Pky. Suite 102 Frisco, TX 75034 Phone: 469-633-0101 Fax: 469-633-0088 |
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