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Not if I was "debt free" as you were claiming this morning and many other times as well. Deal with the friggin truth GHCNJ.
Newton took your money gladly and spent it on a variety of things none of which added value to the company as reflected in the current PPS. His trips to Europe, Canada, China are damn expensive in case you didn't know. Now he is apparently off again playing the role of big shot Holding Company executive. I imagin he gets his fair share of laughs behind his back when he comes knocking on doors.
Believe me he would have really put his foot in his mouth permanently if he had any public presentations besides his ill-fated trips to Wall Street.net. He got into trouble he said for those from certain parties. He is a loser plain and simple. He stinks and his performance of the past 180 days is frightening.
Direct quote from our hero Gene Newton:
"SO WHY SHOULD I CARE WHAT A BUNCH OF SMALL TIME MONDAY MORNING PENNY STOCK INVESTORS HAVE TO SAY."
Read this email carefully. Does it answer your question ghcnj. Read the friggen emails from this clown. I have more but I have made my points concerning this gentleman:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=31962847
Mainuh. The one who trashed your stock is Gene Newton....look no further than his door step. But he doesn't give a flying
F* about you or any other shareholder. Why should he when
there are those to defend this debacle. He ran this company into the ground in less than 6 months with a 98% loss to those
who mistakenly put some blind faith into him. He has paid us all back in spades....no question about that. Loyalty means nothing to him....he is all about lining his own pockets...period.
Yes, I just learned that is the most likely scenario ISH. Will give it a shot anyway to have a GTC short sale on the books today for when it does trade. I expect there will be a massive sell-off which takes place. Got to get in the que at least today.
Warren Buffet said about a week ago that common shareholders of Freddy and Fanny would be toast. He was right as ususal.
Perhaps someone should email Mr. Buffet and let him know about RCCH? Wow....a $3.4996 profit on a .0004 investment....got to love it. Bring on the KOOLAID one more time someone.
Nope the SEC would not get involved with such an issue. They deal in securities laws.
We talk about shorting a penny stock such as RCCH but it cannot be done in the USA. However, for those with margin accounts you can put in your orders today to short Fanny Mae and Freddie Mac as I am doing. This is an interesting take from Jim Rogers....a little dated but spot on. There is going to be blood in the streets tomorrow morning in the two securities noted above. Might be a way to make a few bucks to offset losses in RCCH. Just a thought:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=31984856
Depends on when you got in Trent. You have been around for quite a while. You had shares which were much higher. Ok you have averaged down like many have. I do hope my "whining" and "bitching" gets thru to Newton. Would love to have a public debate with the man via emails. But no, he is hiding and unlikely to break his wall of silence.
Good luck Trent.
Logic Box is a Limited Liability Corporation (LLC). Very likely just a shell at this point with the litigation under way. The SEC is interested in public companies. However, they would get involved if common shares were offered to the public which violated the laws concerning such matters.
Slightly OT but relevant. We have not even dabbled in discussions about how the books might look at RCCH. The FED is taking action today on Freddie and Fanny. Shareholders of the common are about to get screwed royally and that is scary when you have the brightest minds in Wall Street deceived.
We are babes in the woods with RCCH up until recently. No one
but a few risk takers in the extreme bought into RCCH including me much to my disappointment. Live and learn I guess:
http://www.bloomberg.com/apps/news?pid=20601068&sid=at2rZoL11_sw&refer=home
We can recover even those with large losses if Newton doesn't come thru. However, to put faith in that man is really drinking some serious koolaid IMO.
I wouldn't call a personal loan from Gene for $800,000 as reported by bag8ger no debt. Think again ghcnj. So far the
batting average is around zero for what you have been thinking.
They called OJ Simpson liable in the civil trial and "not guilty" in the criminal trial. I have seen civil trials lead to criminal trials but usually it is the other way around.
I also know that if the public felt they could buy $3.50 shares for .0004 and make a profit of $3.4996 there would have been a stampede to buy. There never was. The PPS has just gotten cheaper and cheaper. I estimate that at least 200M shares were bought by the public at around .01. So far they have lost $1,980,000 bucks. Divide that up with about 100 people and you get an average loss of $19,800 each. Anyone holding millions of shares should be pissed and trying to contact Newton or visit him or Claude Smith. But do they?
Not much evidence of that.
Perhaps you can explain why the company books show just $800K in a personal loan from Gene Newton at 6% interest per year.
Come on. If he put up $24,000,000 it would say that and there would have been no need to keep raising the O/S every 2 weeks.
Now the Transfer Agent is gagged. Gee I wonder why? Gene's ATM machine is just about to run out of cash and that will happen with absolute finality when investors stop buying his
cheap shares. As long as he can sell them to folks like you he will be happy to oblige. They cost him nothing.
Gene Newton sold shares in May according to one poster. Gosh, I wonder why he would do that when they are worth $3.50. LMAO.
Quoted your words ghcnj. The emails are a fact.
Bogus emails huh? That is a serious matter. Lets look at the bogus email from Gene Newton on April 10, 2008 where he talks about putting up $24M bucks of his own money and dealing with mega-billion dollar companies. Look at this trail for confirmation:
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Message-ID: <9d256e000804101016x69882eaep9b9edd4ef66cbb7a@mail.gmail.com>
Date: Thu, 10 Apr 2008 10:16:05 -0700
From: "Gene Newton" <newtonrccholdings@gmail.com>
To: MARTINGALExxxxxxxxxxx
Subject: Re: rcc
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BTW: I have trails on all Gene's emails GHCNJ. Unlike some,
here who post here, there is overwhelming evidence of Mr. Gene
Newton's correspondence. Unfortunately, I did not tape his phone calls.
Another bogus email re a phone call from an investor to Newton in early May. Interesting. Newton says the stock is worth $3 per share, etc. Just a bunch of hog-wash in my opinion. I am thinking of launching a suit against Newton for Fraud in Small Claims Court. Probably will win but won't collect a dime. Let the court decide the merits of his claims, gross misrepresentations in PR's, emails, phone calls etc:
To: Martingale
From: XXXXXXXXXX
Date: May 5, 2008
Bottom line is a PR next week that wil blow everyone out of the water; Stock is worth over 3 bucks; E-Trade is being sued; might list on a foreign xchg and 1st trade will be 3 bucks or higher! SEC involved; positive cash flow by august; said montana in a month and N.C. is already underway!
----- Original Message -----
From: MARTINGALE
To: XXXXXXXXX
Sent: Wednesday, May 07, 2008 1:04 PM
Subject: Re: calling newton
Well its 10:03amPST. By 11:03am you will still be on the phone is my guess. LOL. Told ya so.
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A picture represents 10,000 words. LOL. You guys talked me out of it....not planning to buy anymore of Gene's shares. LOL. He can sell them for $1.50+ and why should I pay .0004?
Something is seriously wrong with this equation.
Good DD durkk.
If one can believe Gene Newtons PR of Sept. 11, 2007 then IWS is "a sole subsidiary" of RCC Holdings. I am still of the opinion that Newton needs to address the private share structure of IWS and who holds what?
Link:
http://biz.yahoo.com/iw/070911/0300144.html
Lets clear up one issue here with Groves and He. They will not be "convicted" in a civil case such as this. The term conviction is reserved for criminal matters. "civil liability" is the correct term. Read this Supreme Court link to a case which discusses this issue:
http://www.supremecourt.gov.ph/jurisprudence/2005/jul2005/151452.htm
LMAO. Paul Strickland is nearly impossible to defend based on his myraid representations over the years including some very damaging Emails which he made public. His PR's are a joke as well as his NYC statements. His phone calls to investors Forward Looking to the maximum degree and without merit.
Look you can debate this all you want to. People are stuck with a stock which declined for many from the .01 range to .0002. That doesn't cut it in the real world when people have their money on the line.
Will SPZI go under? Well as you said once, "it is a wildcat
stock". Did they drill a dry hole? Well it is too late to
worry about it now for many. At this point a mere launch of their product in the USA or even Europe is going to be met with skepticism. Their financials need to show a drastic improvement to regain any value IMO. How long? Who the heck knows.
Read my post again IW. I said that SPZI dilution did not start in earnest from Sept 15, 2007 to April 22, 2008. That is actually a span of more like 6 months if you throw out the
few hundred million additions to the O/S which occured during that time:
O/S log:
7/10 1,384,740,503
12/10 1,465,630,979
2/12 1,593,619,587
4/22 1,857,696,424
8/01 4,765,100,458
Do you have any proof of your scenario or a reasonable basis to make your point? I haven't seen anything to support such
contentions. Something apparently went haywire at Spooz after
April 22, 2007 with nearly 3 billion shares added to the O/S.
The PPS collapsed from 4-01-08 with a close at .0025 to what it is today:
http://ih.advfn.com/p.php?pid=historical&cb=1220773400&symbol=NO%5ESPZI
I don't think it is a conincidence that the stock lost 92%
in that time frame.
We can agree that there was just a 400,000,000 share increase in the 6+ mos. follwing the conference according to the T/A.
However that still represents an increase of approx. 25%.
What followed was drastic. IMO Paul has burnt his bridge with the NYC investment community which attended that conference in mid-Sept and their associates. Some might call him a clown, a
dummy, a charlatan, a pink sheet scam artist, a visionary, an up and comer, who knows what they might say. Some would just say he is a liar and be done with it if they were less than generous. Whatever they say he has massive credibility problems with many investors.
I would like to listen to his speech once again. It has been nearly a year since I heard it. Would be most enlightening if anyone had a link which was still archieved.
No, Paul Strickland has painted himself into a very tight corner with the investment community. Where's The Beef?
Ok chuck. I don't have a stake in this one way or the other and for your sake I hope RDWG delivers for ya and the others who are patiently waiting. It may be too low to sell and move on if they don't deliver.
If RDWG did a reverse merger with OneFi then you might have something or if they were to get needed verifiable funding from some source.
OT: As far as FRE goes it is in a tailspin at the moment. I am just watching but the liquidity factor is very interesting if you are on the right side of the play. You can instantly cash out no problems at all. This is what makes big board stocks so attractive in general IMO.
With the pennies large positions like with RDWG can be tough to move without volume and MOMO irregardless of the bid and ask. It is the risk one takes in the pink sheets. And the
volitility both ways is simply staggering but of course. If you win it can be very sweet with smaller sums of money. But of course you know all this. Will be watching.
Its all about the semantics IW. You have your fair share of people who are loose with the Kings English to be sure.
Good luck with it all.
However, it is true that every liar caught in a lie will make up an excuse for his conduct. Not saying Paul was a liar but as far as the NYC people go and everyone else that heard his presentation he was flatly dead wrong. That doesn't instill confidence with such people who listen to a fair amount of BS on a daily basis. Usually you have one chance and one chance only and then they write you off permanently. I saw alot of this in Silicon Valley in days gone by. These types of people are extremely unforgiving no matter what label you want to put on it.
Another thought IW. Questions and answer sessions are extemely difficult in a forum before important and you could even say a critical investment community such as he found himself in NYC.
I wondered why he didn't take the opportunity to reach out to these folks when he had the chance and say something like, "We believe Spooz has the necessary funding in place to attain our goals without additional capital at this time. However, we are always interested in looking at other options which may come our way."
That would have gotten him off the hook but the way he said it was mission accomplished. Then he diluted 3billion shares in the span of 10 months. The record shows little dilution until
February 2008 then all hell began to break lose and it was out of control from April 22nd until August 1st.
Nope it would not be honest to call Paul a liar in that scenario. Just massively mistaken if he didn't have an iron clad deal in hand with money in the bank before making such a suggestion to the Wallstreet folks gathered at that meeting.
I am sure he has some explanation but I have yet to hear one from anyone in touch with the man. So point well taken IW.
Did I slip up and say such a thing? Excuse me. I have been out of lawschool for 15 years and I am mighty rusty around the edges.
Definitely. Spooz had no choice but to go with litigation against Groves and He. Purely defensive. It will cost them a pile of dough no doubt and alot of aggravations.
I don't have time today to review your issue at XXIS but it is an interesting point. Could be a positive alright. Read Note 2 paragraph 2 F-1:
http://www.pinksheets.com/otciq/ajax/showFinancialReportById.pdf?id=16966
I haven't seen it discussed on the board.
I read this as Paul is not a "fortune teller"....LOL. Now he has learned his lesson and gone silent and gagged all the people he works with due to these miscaluculations of the past?
Errol Stone is a real buddah in action makes for a very boring time over at XXIS.
Catani. Well if you were ever involved in such a law suit and did not deeply regret it at some point I would be surprised. Even if you have a good case it is difficult and expensive even if you obtain a judgement. You might just be out of pocket permanently as it can be difficult to collect on a judgement when the defendant is broke.
Yes Gbathat. Jame Groves and Peng He threw a huge monkey wrech into Spooz's plans and may yet suffer dire legal consequences from their actions along with Logic Box and anyone who put up money for these folks.
However prior to that happening in September, Spooz had already decided in early August to terminate the arrangement they had with Omniquant and essentially re-design Spooz Toolz.
It did take quite awhile for that information to filter out and actually I was the one who advised the party who told me about it to check in with Paul before he discussed it any further. Of course I sold quite a few shares that same day but held onto 20% until I had news of Groves and He in late
October when I sold the balance.
Played the trading game with spooz a few times after October but never made any real money as the PPS continued to slide in a downward trend.
I do seriously hope Spooz turns the corner and gets back up to the .01 range again some day or perhaps better than that. At this point it is all guesswork. It could linger where it is for years to come I suppose. It will take some real rev's and not forecasted sales to move it IMO.
And sometimes people have information which is useful to a board but most often not.
Sue him huh? Well some people made money on spooz stock. And anyway suing a company like Spooz with their financials would be a waste of time even if you prevailed. Some might do it though you never know. Even if I had a major loss I wouldn't you want defendants with deep pockets if your case has any merit to it and in this case it is questionable. It is the pinks and their disclaimers which they are so fond of tacking onto all their Press Releases is fair enough warning. It would take major fraud to prevail and again if they are broke who cares?
Me of course. I got them. Who else would send them? Get real.
What basis did you form that opinion on besides your DD page which we all know about. Post it again. The EPA news is worthwhile but the speculations about Baida are worthless IMO.
GHCNJ. Those emails from Newton went around the block a time or two. You were just out of the loop as usual. Again, you are opening up a can of worms you have no basis to defend.
You never have any actual communications from anyone I have ever read about whether it was Claude Smith, Gene Newton, or some of the others involved in IWS. You are talking to a very small audience ghcnj and nothing will sway your opinion for now.
If in 2009 we are still on the pinks and sitting below .0005
perhaps you will simply disappear and move on. Discuss the issues not the people posting.
Twin Turbo you certainly don't speak for everyone.
"and I KNOW WHEN I SPEAK FOR THE REST OF THE LONGS HERE",etc. etc. You have an opinion and are deeply invested in being right. Well the truth of the matter is you were dead wrong and the stock is going to be at .0003 on Monday IMO. It can't go much lower than it is. If it does anything at all then you can take some consolation that you were right. Its the gamble you already took and lost big time bro.
I am saying that Newton is a liar and deceptive as all get out.
You never seem to have had any communications with him. Am I wrong on that? If Newton was to disappear and leave IWS to us
we might prosper but I think we are stuck with the idiot. He has been a dismal failure so far and its over....the stock has plummeted to .0003. Thats a fact. It is down 98% in less than 6 months. You have confidence in Newton's leadership Ok
you do. Thats just your opinion. I have zero confidence in him but think there might be something to IWS and he could possibly surprise us and fly right for a change.
Can someone help me with this? I don't seem to be getting thru to my friend the stockbroker:
The only biz will be via smitty; and it was run thru his private company. RCCH will have zippo claim in the long run! Thats why smitty told me many times he just lets newton handle all the stock biz! There was never any real concern re the fat 2.5bil A/S in RCCH. That always remained a huge red flag~ lol
----- Original Message -----
From: MARTINGALE
To: xxxxxxxx
Sent: Saturday, September 06, 2008 11:56 AM
Subject: Re: sell now
Nope not a word. Didn't expect him to. I just wanted to let him know what I thought about Newton. Standby Smith may respond.