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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.
What pump and dump? Have you lost it? The toxicity alone ensures that the only way to get the price up is for the legal aspects to be resolved once and for all. There is no pump and dump otherwise Newton would be all over it with PR dumps. No one is touching this stock nor can they unless they put in an EFFORT to find a non-DTCC broker. And why would they do that? RCCH outside of IHUB does not exist or does it?
Prove it.
Whoever Gendarme went through AKA IN HOUSE might be thinking something else. Sheesh.
Don't look at the amount traded. Look at the price. 4 cents worth being traded at 159 dollars? What gives?
Exactly. This isn't only about RCCH but several others as well. Do you honestly think they want it to go to trial and face paying who knows who much for it? 50 cents per a share will be a bargain.
Manipulation is not an explanation of what happened last week. Nor are the other excuses here. In house trades don't happen at 500,000% for no reason because whoever traded a stock valued at 0.0001 of a penny at 50 cents is either out looking for a job today or knows something we don't.
Why would someone manipulate it 500,000%? I could understand 100%, 500%, but 500,000%. You get real because what happened last week was anything but manipulation. Someone is scared and I'll even go so far as to say that this will be settled long before June of next year.
It seems to me an in house trade would be at the lowest price possible wouldn't you say? Maybe they should clean house considering they overpaid by what, 500,000%?
Well OK but that those trades last week weren't a figment of anyone's imagination. Nor has anyone explained why they went for that amount. Who paid .50 cents a share and why?
Yep. I stand by my post. If shares traded at 50 cents last week then that's the least I'm willing to sell mine at. Period.
Considering someone BOUGHT AND PAID that price last week, I have nothing to be ashamed about. Tell us oh great one, why would someone pay that inflated price?
Very much so. That asking price was no mistake and no joke. It's what we will be getting per a share if not more.
Didn't hear him complaining when it was at $.50 a share last week.
I'll get you some.
They got a good deal.
All Newton has to do is show the authorized share structure.
That was no goof. A goof doesn't sit at the same price for a week and even more eyeopening, trade at that price. Patience, it's far from done.
That price will be back before you know it.
I'd love to know when I can finally go ahead and start planning on buying a Ferrari with cash. Believe me when I say I was already thumbing through them last week.
The 50 cent ask will come back. Watch and see.
Where are these emails at?
I'm more concerned with Gendarme selling them into the open market. Have you thought that with the amount Gendarme purchased, that in fact he got a quantity discount? And in selling them in such a huge quantity, he actually was the reason for the price falling down? The price of RCCH would've never come down to where it is now if Gendarme didn't dilute the market the way he did.
What did Newton have to gain by selling those shares at a discount merely to watch the PPS implode as Gendarme flooded the market with them? He could've done that himself and made more money if you really think about it.
Hopefully we'll get that answer but it's not illegal. What should really be asked is what were the conditions for the sale of those shares on the part of Gendarme? Did Gendarme violate any contractual agreement in selling them?
Has it been proven that Newton did anything wrong?
Exactly. The defense statement. Nothing else. So instead of coming to conclusions, why not wait for the end when all facts are out before passing judgment on what Newton did or didn't do in regards to how Gendarme acquired and sold those shares.
You don't suppose that's what the defense would say would you? Surely they wouldn't say the opposite.
Patience. Let's see what happens and then come to any conclusions. Right now there's no reason to conclude anything. As I said, the action on the ask this past week is a sign of things to come. No one here can explain why it happened and exactly what an "inside" trade is to cause it. Why would anyone buy this stock at .5002? Anyone?
It's not over. It hasn't even started. Let the trial end. If there is NSS, it's not investors that have to buy but MM's that do.
.5002 - 0.0001.
But it was at .5002 just the other day. Hmmm someone sure got robbed I guess. Must've been a fat finger trade.
At what asking price? Raise it up.
I think some people are scared of that trial. Can't say who exactly, but I'm positive they are. One other stock that is on the same list as RCCH is RBDC. Look at the volume last year and you'll see none except for one day when it spiked up to around 90 million shares. Why?
Wait until the results of the trial. The 50 cent ask is a good sign of things to come.
You should be positive instead of negative. 50 cent asks are a good sign of what's ahead.
Anybody got their shares up for sale?
Like whoa on the bid and ask.