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and you think you'll make money from this stock? HAHAHA.
so they have 100 million in assets.
let's say we put them at fair value ... some say $1 or more.
that means a lot of people's investments in this stock added together will be way over the value of the companies own assets?
lol. not a chance without splitting our shares.
let's think here ...
let's say the share price jumps up to a dollar without splitting our shares. now you have a large group of investors (us) who are able to make out with multimillions ... while the secretary of RCCH still has to sit behind her desk and make $40,000 a year.
you have a better chance at winning the lottery than getting rich off this stock. i'm going to buy a ticket right now, wish me luck.
This is business ... and you're talking about trust? In Gene ... who precides over a company that has NEVER traded over a DOLLAR?
Trust no one. Not even Gene.
Bumpy ... I'm a shareholder. I'm trying to be sensible about this.
Yes. And when the uplist takes effect, they will also perform a reverse split so as to not make instant millionaires of us all. They aren't going to let a bunch of .0001's and .0002's go to even pennies in an instant without splitting the shares.
They have a daunting task ahead of them. They have to convince investors that their business is 1) worth the new share price tacked onto the uplist and 2) a good investment that is worth overlooking the extremely low trading range that has been going on for quite some time now.
Chances of an uplist aren't bad. Chances of an uplist that attracts new and bigger investors aren't good.
lol they have done the same thing to so many other stocks. nobody goes to prison. bad theory.
Don't have the funds.
Would like to say congrats to all who are making good money off this one. I looked at it in early November and was SO close to buying in but decided not to. Lucky me right?
Just because their big doesn't mean their smart.
Nope. Actually, you're smarter here than most who think WMI will either be bought out or come out of bankruptcy without issuing new shares.
They would've been bought out by now if it was going to happen. Here is another thought:
This stock has traded at such a low price for quite a good amount of time now. This has given many, many people the chance to buy more and more shares. IF WMI is able to come out of BK, they are going to see a whole lot of people invested at such a low price and realize that if the pps goes up into the low dollar range even that multimillionaires are going to be made all over the place. Most investors would then jump ship and take their money with them, causing the pps to fall off a cliff again and WMI would lose money. Issuing new shares allows them a fresh start and they would be able to set a new share price to buy-in at rather than having to work their way back up.
I Guarantee you they will either issue new shares or there will be a reverse stock split if they come of out BK. People are crazy to think they will allow all of us to make millions from this in a bad economy.
Lol ... enron wasn't always a scam. They were once the world's energy leader in electricity, natural gas, and other areas of energy pulling in 100billion a year. It was until later on that they started getting greedy ... much like many of the wall street companies and banks around the nation are now.
Also think they didn't expect such a downturn in the economy. That imo should set them back another year atleast from any thought of an uplist.
Millions of shares churning for 3 weeks now at this low of a share price is not a good thing.
September 2013 under a new symbol, new shares issued and a new company name.
Agreed.
We're out of our minds if we don't think a high percentage of .0001-.0002 companies aren't worth more than their share price lol.
The interest isn't enough for them to keep from laying off employees that's for sure. Things aren't adding up.
How do you know it's collecting interest?
I agree.
However, two months in bk when you're not making money and having to spend a ton of money can take a good chunk out of your assets.
I think it's more speculation not about some buyout deal, but about both companies working their way out of bk with the assets they still have. Or else I think this would be moving a lot quicker on realistic speculation of a buyout.
Just the market.
Nothing has leaked. It's on a pretty consistent pattern with Lehmq. Nothing is happening there, nothing is happening here. Just an up market for three days now and both of these three stocks have gone up almost identically with it. Same as it has been for a few months now. No .1 on Friday ... maybe .06 where we seemed to have a stronghold at.
If you've watched lehman brothers stock in comparison to this one, the two have almost been identical every day for quite some time now since they have both been in bk.
Buyout rumors ... for months there have been buyout rumors. Now we're struggling to get back to .05. HA ... mark your words.
No prob...
You just repeated what my post said. Thanks.
The shareholder value will remain unchanged ... meaning it doesn't matter if you dump 500 million now or 10 million at the new pps.
Gene's name on a pr means squat.
Or maybe he's a genius! Because now, just because of his name at the bottom, you believe in the company. Go figure...the guy IS a genius! If all I have to do is put my name at the bottom of a pr, heck, I'm starting a company tomorrow and putting out pr's every hour on the hour daily! I'll be rich!
Retorical question for anyone here with a mind for business:
If an uplist were to occur, isn't it more wise for a company to add a reverse stock split alongside of the uplist so as to prevent anyone from selling millions of shares the moment the new share price comes into effect? This causes our shareholder value to remain unchanged until other investors cause the pps to rise or fall.
So, what are their up-to-date financials right now? Let's start with 1st, 2nd, or 3rd quarter financials. Please post link for me too so I can find them.
Take a look at all the other companies in this economy who were trading at 30-60 a share in 2003 who are now in BK. Could it be, RCCH has lost money in a down economy? Chances are good. Just about every company is losing their value right now.
And you expect a company to tell you the truth? Haha. Ha.
What would I expect him to say? "Sorry, don't invest in us because we aren't really moving forward at all."
Yeah, call the company. Listen to what the CEO has to say because he is oh so honest. Don't tell me you honestly called and talked to them? Hahahahaha.
From people that know? People that know?
Seriously ... that's the best you could come up with? If you knew people that know, you wouldn't be wasting your time posting on ihub. And the people that know, don't even have a clue what exchange Rcc applied for. Neither do you. Still just an international exchange ... filed for months ago nonetheless. No audit update, paperwork update, nothing but an Ezee Debt (who?) acquisition. They should've thought twice about telling the general public they were filing for an international exchange so that when every single market in the world went downhill they wouldn't of had to put out b.s. pr's about nothing to keep us from finding out they aren't able to uplist now.
And you're laughing at me? Because this stock is at .0001 regardless of what you don't know is going to happen?
Like any penny stock that everyone thinks is about to change the course of history.
The EPA doesn't give squat about this company. They have thousands of companies they are "involved" in only by way of approving certain products or methods. They don't care what happens in the markets. The government has its hands in so many different companies in one way or another ... this is nothing special. If it were, the government would be bailing the share price out right now.
There are share price requirements to uplist in the U.S. and onto any foreign exchange. Most likely this means a reverse split to reach that share price qualification.
"From what I hear"...what you hear is your own opinion. Best advice, don't listen to it. Good that you admit you could be wrong though, even if you have such confidence in this company.
If something major were about to happen to this company the .0002 would be an afterthought by now. All I see is people flipping the crap out of it before they move on to another short-term lotto.
Not much new going on with these guys. Wonder if they are still cracking at that launch date or if they've given up.
Yes, we will see.
Keeping the general public informed is a major part of good business. So what ... they uplist and don't tell us what exchange they are on so no one can find them except for those of us whose shares were changed in our accounts? It's too shady. Especially with all of the massive volume. Good bet they are selling a heck of a lot of shares into the volume right now.
Ezee Debt Solutions ... try googling them and tell me what you find.
They are moving into RCC's building to do loan management? RCC can't hire their own employees?