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and they wont let you trade at all and etrade has a problem with manipulation to boot, i mean i really wonder what is going on with this stock for those people to say that
just blown me away when we traded 8 billion shares last year if not more and they still cant buy or sell,,,wow and to think that scottrade ceo and knight ceo sat on the same BOD
yes they make a great point about how this stock isnt trading at all and if you wanted to get in or out you cant because its not liquid
Dear Mr. fjdo,
Thank you for your recent inquiry.
RCCH is on our "No Buys/Sells Only" list. RCCH was added to the "No Buys/Sells Only" list due to it being an illiquid stock.
An illiquid stock incurs additional National Securities Clearing Corporation (NSCC) clearing requirements for our FOCUS report. FOCUS reports show the financial condition of the member, include net capital computation and provide operational information. Should a fail to deliver situation arise with an illiquid stock like RCCH (failure to deliver is a situation where the broker-dealer on the sell side of a contract has not delivered securities to the broker-dealer on the buy side), Scottrade's Accounting Department has to take a capital charge on the fails for FOCUS reporting, thereby impacting the yield on our investments and reducing available capital for other business purposes. In fact, the NSCC requires broker dealers to put up capital for security positions based upon the price of the securities and sometimes the charge is extremely large in relation to the value of the aforementioned security.
Take this example into consideration. Imagine that Scottrade holds 38,000,000 shares of WXYZ. WXYZ is an illiquid stock. WXYZ is trading at $0.002 making the market value of the position $76,000.00. Due to the additional NSCC charge on this illiquid stock, Scottrade would be required to put up over $1,000,000.00 even though the market value of the position is only worth $76,000.00.
This is the reason that RCCH is on the "No Buys/Sells Only" list. Please note that it is acceptable for a brokerage house to create a “No Buy/Sells Only” list and their existence throughout the financial services industry is quite common. Additionally, the existence of a “No Buy/Sells Only” list at Scottrade is acceptable under SEC and FINRA guidelines. Finally, Knight Capital Group does not influence our decision to create a “No Buy/Sells Only” list. Market makers are compensated based on order flow therefore, they desire to have as many orders as possible routed through them. A “No Buys/Sells Only” list does not help a market maker’s compensation.
Hopefully this will clarify any of the confusion that you experienced in regards to this security.
If there are any additional questions, please feel free to contact us. Representatives are available Monday through Friday from 6:00 a.m. to 10:00 p.m. Central Time. Branch office information is available in the Branch Locator on our home page http://www.scottrade.com/online_brokerage_firm_locator/ or by dialing toll free 1-800-619-SAVE to connect to the office in your area.
Thank you for choosing Scottrade!
Jessie Salatka Lichter
Stockbroker Team Lead, National Service Center
Scottrade, Inc.
www.scottrade.com
www.scottradeelite.com
you think. with are economy hitting the dumps i hope something gives this stock a shot in the arm
sample,,,im sorry i wish i could believe you on that,,,,we are going to have a very very tough year,,,,people will have never seen how tough this will get
I believe you right what do you think the divi will be 30 per 1000 ,,,what do you say?
But when RCCH merges with the company they will halt if then reume trading which takes 1 to 2 hours then we will see what happens to all MM that happen to sell to many shares
guess im ready for my 2 posts for the day...nice to be here G,,,,hoping for the news soon,,
well i sure hope that this see a movement because with this volume we sure aren't going anywhere
All longs soon the MM will be freaking out when i buy another 10-20 million shares this week and the others jumping in then the merger.
No janice did you miss the merger pr,,,do you want me to send it,,,
i have to say what gene posted the first time might of been done quickly maybe to quickly and people bitched and researched the shit out of it,,,told gene he's wrong,,he did another pr which made certain people not believe him,,,,I believe in RCCH I do, Maybe i shouldn't but it has some great products and or companies.
I just want to say to alot of you thanks for all the hard work and DD you guys have shown me.............I have a stock made over 1000 % last few weeks and looking for more. AQUI,,,,besides that RCCH is my pick,,,,,,,curious how long it will take before Janice and Jim show up,,,,,take it easy,,,,terry
Bishop we have heard you say this stuff many many times,,,we hear what your saying,,,BUT where staying
i jumped in with 200000 shares,,not much ,,,could be but we have been running for 4 days straight.,...you might be right,,,we will see,,,
rcch is Reverse merging through a shell company...im sorry did you not see the pr
relax and lets see how this plays out,,,we hang tight for the rmerge
Miller the beer gives me a head ache,,,switch to bud light,,,might buy a few more today,,,something is happening if we only knew to buy before a week or two ago,,
Did YOU miss the part that that is old..Holding the golden,,,,Lets see how this pans out,,,,soon,,,hang on dude
just did for 99000
You guys and Hash,,,WOW ,,DID YOU GUYS SEE THAT,,,It showed that when one of the stocks was halted 1 hr and 15 minutes later it resumed trading along with a PR.....CHECK IT OUT,,,,THAT WHAT WE NEED TO LOOK FOR WHEN THIS HAPPENS,,,,THANK YOU
You do great work hotdog,,,keep it up,,,i see some have been getting sleep....wonder how with all that is going on one way or another
it would go big if it was that os,,,but uplisting they will have to cover with 2 billion shares in our hands and 2 billion nss what price do you think,,,,soon
correct rayman,,,and no audits were given because no one knows until the uplist,,,they audits will tell the truth
you will have to wait for the uplist
anyone have an ideal about when we will uplist,,,r we seeing before may 1st,,,should get excited next week
can you prove that it has failed,,,,show me,,,show me now
i agree and im sure people will be talking different
just love the pr,,,so much to look forward to,,
lets watch where rcch is going that is why we have surrounded our board members with some great people
No international ,,,wow,,,let me see let me think about this here,,,oh there is no NSS either,,,,
wondering about rcc today,,will hang in there with other sh9t
yep ...yes their is,,,sad one month from the day ,,,okkkkk lets get the other news and see what happens financially,,,,GENE,,,,dont let us down on this one,,,,DON"T
well,,,i hope this is better news then i will receive in a few hours,,,most likely engagement off and i might be a rich man in the same day,,,dont get it,,,,waiting for both news announcements,,,will try to go back to bed,,,,good luck all,,,,,terry
Connie and wise,,,you two are up early,,,wow,,,how is life on bkmp...wise your on alot but being tight lipped in a way,,,when do the fireworks begin,,,,anyday? anytime? will i one day wake up and for no reason bkmp will be trading at 0006...let me know how soon,,,love to see it happen? terry
mm107,,,,That was an awesome post,,,,awesome,,,,thank you
Martingale,
Scratch out a living,,,cmon,,,yes its a real company and ezee debt is doing business,,,alot,,,read more on what is happening with them,,,few more weeks we might be seeing where we are going,,,are you really going to miss this approtunity,,,,really? somehow dont think soooo
Your welcome. Also it was a pleasure meeting with Blockman,,,very cool guy,,,,Martingale also wanted you to know that I think it's so funny how people talk about NSS being illegal but 3 months ago the FED made a PR to the whole trading world that for 90 days their will be no NSS or shorting to banks and financial institutions
martingale ,,,,i personally went to the company in california i saw the office and talked briefly to them,,,,after uplist we will see what happens,,,even after uplist we will see something more then this,,,if the os is 1 billion shares we will see,,,he wont put more then 50% on the market,,,,we will see very soon,,,i think you should put money on the table and put your ego behind you
sir how could they be buying them back when noone is selling them,....