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Let me type this slooooowly so you can understand it.
No surprise that you can't understand it, since it never occurred.
Gendarme's financial health has nothing to do with Newton's prospects.
It probably isn't necessary to take over the company, but it should be possible to force a vote on something. It doesn't matter what the subject of the vote is, just that it occur.
Any major shareholder can demand a meeting of the stockholders. If any one person here solicited enough proxy votes from the audience he/she could probably register a request for a meeting and demand a vote on some subject, new board member, share restructure, whatever. Once a meeting was set up and a vote scheduled there would have to be some transparency made public. For a start the number of voting shares in the float would have to be made known in order for a vote count to be tabulated. Furthermore the number of preferred shares and their relative strength would be made public.
Once the process was started it would provide a certain level of information to the shareholders that they do not have now.
Instead of small minor small claims games, why don't you force a shareholders meeting?
There are more than enough shareholders to team up to accumulate enough shares to force such a meeting. If you do that you can elect a new set of board members and take over the company.
Don't be meek, take the bull by the horns.
Stop dreaming.
If Gendarme is fined they will just go bankrupt. There isn't going to be any assets to go after. Triple damages, quadruple damages it is all just pipedream.
Can you prove you bought any of the 2.1 billion shares that Gendarme sold?
Can you make a case that you would be in a better position now if Gendarme had held the shares for the legal time period before selling them?
No you can't. The current state of the pps is NOT due to anything Gendarme did, it is because there is NO BUSINESS and because RCCH IS A SCAM. Even if Gendarme had not broken the law and held the shares for the restricted time period they would be in the market by now anyway. You cannot show that you were harmed in any way.
There are no parties.
It is NOT a cellar box.
A cellar box is when the MM's keep the bid and ask trading range at .0001 to .0002.
That way the trading volume provides them a 100% profit on every trade.
This is NOT cellar boxed due to the FACT that there is NO bid and the ASK is at .0001. The MM's don't have any room to make a profit and so have no motive for such an exercise.
Nonsense.
The deal with Claude Smith was never consummated.
The point being that the DD was done for you on this board.
All you had to do was pay attention and you would have seen the CEO was a criminal. You chose to ignore it. Don't blame anyone else for your decision.
It was always an obvious scam.
At no time in the existence of the company did Gene Newton NOT have a long criminal record. It was always reviewable to anyone who could spell 'DD'.
IWS was NEVER a real company during its relationship with RCCH. It had been stripped of its assets by its former crooked owner Larry Wilcox and the empty shell was given to Smith.
There are two categories of these greedy investors, those who bought into the con on their own and those who were doubly conned by the friends and family members that drew them in based on the trust they had for each other. The first group are doubly at fault. They need to eat their losses abd reimburse those they hurt.
The shareholders have no right to expect retribution. I am so tired of hearing about those wanting the SEC to bail them out of their own mistakes.
And investors who are blinded by greed to the point that even the most blatant criminal activity that shows up with the most rudimentary DD, is ignored.
That is an unsupported supposition.
Do a simple thought experiment.
How many shares do you think the average investor has bought, 1 million? 2 million? 5 million?
Remember that most bought their shares before the pps got down to .0001.
After you are comfortable with your estimate, divide that number into the 10 billion share OS to get the number of investors.
I think that 500 investors would be at the very low end of any estimate.
So, you are saying that Zecco is having no trouble getting certs for RCCH trades?
What does that do to the NSS fantasy?
A very good point that has not been discussed here.
Really?
Get the tense right.
You read it wrong.
OK, I'll type it slow so you can try to comprehend it.
Newton sold 2.1 billion shares to Gendarme, which they then sold 'illegally' into the market.
HOWEVER 2.1 billion shares is AT LEAST 20% of the ownership of the company. The law requires that anyone who purchases over 5% of the company needs to report that ownership immediately to the SEC.
No such report was filed.
There is ONLY one way to purchase such a large share of the company WITHOUT exceeding that 5% limit. The shares HAD to be purchased in smaller lots and each lot HAD to be sold before the next lot could be purchased. That is the only way to stay under the 5% reporting threshold.
So if Gendarme bought the discounted shares in smaller increments than 5% from Newton and then sold them immediately before coming back for more, THEN Newton knew what they were doing. He could not possibly have sold them 500 million restricted shares and then not noticed that they didn't have them when they came back for 500 million more. Furthermore he could not have been unaware of the number of shares being dumped into the market at the same time.
If he sold them more than one tranch of 500 million shares within the restricted time frame of the original sale, then he was complicit in the illegal activity. Once might have been a mistake but there were at least three more tranches after the first one. He knew and he agreed. He is in it up to his neck.
If you cannot understand the process by now, then this is another subject that needs no further dialog. So please stop bringing it up if you are going to refuse to understand it.
Yes there would.
Doubtful.
EVERYONE but you knows how many shares Newton sold to Gendarme.
For heaven sakes people learn how the market works.
How many have asked for or seen a level 2 screen shot?
Even when a stock is trading normally there is a range between the MM with the lowest ask and the MM with the highest ask. Go and look at any other normally trading stock, go ahead.
There are always those MMs in the trenches competing at the lowest level trying to get the trades of the investors, BUT there are always a few MMs who are not currently active but who have a published ask price. Sometimes it is waaaay out of the trading range. It is that way because that MM is not interested in trading at the current market price and is staying out of the way.
Go ahead and check it out. There will be a range of MMs on both the bid and the ask. The Highest ask and the lowest bid over that range will, in most cases be way outside the current range. Those people are registered MMs who do not want to be either buying or selling at that range, but they are still registered on the stock.
This situation crops up when NO ONE wants to trade the stock, but those wildly out of range 'ask' prices are the only people left on the board.
It is NOT a good omen, it means that all of the active traders have left.
It isn't weird at all.
Contrary to popular belief regular investors buy and sell orders have no effect nor any connection to the bid and ask values.
Only the MMs can publish bid and ask numbers. When MMs are actively involved in a trading stock they set their bid and ask values within the current trading ranges. When they are not participating in the stock but are still registered on it, they set their bids and ask way out of the trading range.
Currently the bid is nonexistent as per usual and the ask is set at a ridiculous level to show that there is no trading going on and no MMs interested in participating. Nevertheless if someone were to put in a market 'buy' order, it would be filled instantly at .50. So unless someone has a lot of money to throw away it would be prudent to refrain from any foolish experimentation.
Keep doing it but vary the quantity till you find out the 'allowable' number.
Don't be surprised if it is zero.
Nobody is going to file anything.
It takes serious people with the ability to understand the legal system and the ramifications of a protracted litigation in terms of costs and risks to undertake such an action. Such people do not get involved in childishly obvious confidence schemes in the first place.
You can take this to the bank. Emotional bluster about 'justice' and retribution is just that, bluster. Little else but hot air. Nothing substantial will ever occur.
Really?
You don't really believe that Newton is the only villain in this play, do you?
After you have been involved in the pink sheet netherworld a little longer you will learn to spot the patterns.
There are always those who will 'change their mind' over the course of time, some will swing back and forth like yo yo's. Don't expect there to be any substance to their reversals other than the attempt to generate momentum, in order to create an opportunity to exit. That is the only strategy left here, trying to generate enough buzz to get a bid.
In the case of anyone 'contacting' Newton, you should take any such claims with a large grain of salt. Newton is a convenient source for an imaginary rebirth of opinion but it is doubtful that anyone has any actual contact with him. Don't be fooled. If it sounds too good to be true......... it is.
You should definitely try your little project but you shouldn't expect much reaction. Newton has been ignoring lawsuits his whole life, I don't think your small claims court effort will be any more effective at flushing him out than any of the others have been.
Stuff and nonsense.
At that same estimate (5 billion shares) the capitalized value of the company at the current pps is $500K. Who in their right mind would pay a premium of 50 times the current value to obtain the company? Simply by buying up enough shares to force a seat on the board (less than say $100K) would open the door for a hostile takeover at a minute fraction of $25 million.
These stories get dumber and dumber as the weeks roll on.
Stop it, you are claiming impossible things.
It is not a distraction it is a very serious consideration to any investor.
Proof positive that these announcements work.
Not a rumor.
The wording of these announcements is quite critical and must be read carefully. The announcements are completely misleading but carefully worded to be both accurate and un-actionable.
That is a meeting for coffee that requires only one cup.