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good point eom
Weil can only bury so much wih paperwork. When the EC asks for current assets. there's really no hiding that, no matter where you bury it.
The ec already said if they are not pleased with the outcome of the pow wow (meet and confer) they will proceed with the examiner as they are tired of delays and so is THJMW
IMO
then again THJMW also said she would rule on 4B ASAP.
I disagree....MM's are forcing this down and daytraders are panicing....same ol wamuq..... NOT FOR LONG!
GO EC
great pic, although you made rosen a bit too buff, he seems a bit more puney. Nice JD tattoo. LOL
I hadnt thought of the possible meet and confer progress. although speculation that the EC didnt fare well in the meet and confer, I have a serious issue beleiving ROSEN/jpm/fdic would risk the examiner. Do they somsething we dont know? Is rosen "felix the cat" with a seemlesly endless bag of tricks?
I just dont see this going to an examiner. I feel the EC filed the motion to put the pressure on for the meet and confer (as suggested by others on the board)
The good thing is, things will take a major step in the next coming days! thats a sure thing!
NICe this answers my earlier questions
rosen clearly stated that the motion was out of her hands (the exainer motion) She thought about reversing her decision and Rosen said she could no longer as it had been appealed. At that point the Ec said that if she was inclined to re-visit the examiner they would withdrwal their appeal.
I dont see her signing this appeal as a good thing. a third circuit court could go either way. If that were to happen can another motion be filed to consider an examiner then?
Does it favor EC if the appeals courts rules in our favor cause jpm/WMI cant appeal?
or does it bury us if the appeals court rules against us and THJMW can no longer appoint an examiner.
She could enforce via cort orders i guess.
Am i way off here?
NO WAY AN EXAMINER GETS APPOINTED! I believe they will be working on a global settlement from here on in. They fought tooth and nail and spent countless hours arguing the reasons why an examiner should not be appointed and this last time stating that discovery and relaese of production documents had no bearing for the EC.
Its clear that they're are hiding something. We all know that and have known that. If the estate were truly out of money Rosen would have made that very clear and would have no problem showing the reasons of his POS POR. Rosen and company's agenda changed once they found the smoking gun and approached JPIG and FDICK. They decided to settle for as litte as possible, the current wamu estate would receive beneficial tax benefits re-organize and exit BK ....who knows even get some kick back money or "investment money" from JPM)
They almost got away with it. Now things have changed and as much as they attempted to bury this the hole was just too deep and things kept resurfacing.
THJMW has ruled in favor of us everytime, whether we see it or not. She is far more ahead of this as we think. The 4B ruling "as soon as possible" helped us in more ways than one....an EC for example and that ruling can still come at anytime and it will come down harder if Rosen and company dont settle, the tax benefits would not be split, and with NOls we are at A>L.
IMO they need to settle now more than ever. An examiner would find at least one smoking gun. Cause IMO there are several.... and they just cant cover all their tracks.
all of us at one time or another have suspected a settlement and have seen them in the filings, i believe we must have been included at one time or another but the winds changed and thank god for and EC we have power, otherwise we would all be using are stock certificates as toilet paper.
IMO the next hearing will either be the death of Rosen/JPIG/FDIC or simply that they are in negotiations with the EC, the EC will confirm that, they scrap the current POS POR and we will see a settlement come out sooner than we expect.
So to sum, I don't see the debtors and JPM/FDIC allowing an examiner. It is sure death.
It wont be smooth, the examiner will be appealed to death...but this case is far from over.
It hasnt looked any better for shareholders than now. Yet we sit at less than .14 amazing.
oh well more buying to be done i guess.
GLTYA, sorry for the long response
AGREED! many of us stipulated that jpm/fdic would not settle unless their back were against the wall....well it's here the wall is cold and they're right up against it.
I don't see them allowing discovery, examiner, and other repercussions that would come from not mending their attempt to stonewall the EC.
THJMW is fed up clearly! I wouldn't risk testing her further than they already have, but then again their tactic maybe futher delays and appeals, but i dont think rosen is that stupid.
yes i heard his voice change many times, and I love how the whole "you cant appoint an examiner now because it is out of your juristiction" totally back fired when THJMW simply advised the EC to withdrawl their appeal...(im summoning it up dont remember verbatim)
Great day in court and it seems better days ahead!
Today was the final stand for Rosen: delay tactics are all but used up. June 17th is d-day now! THJMW is fed up and will not tolerate anymore delays. Settle or on to discovery by force. I LOVE IT
30 million will come form jpm/fdic anyway.... the tab running up is now on them.
lets not get over excited, however, good to have some positive press and filings for once.
Rosen; this little meet and greet party better produce a settlement or your ass is toast!
ITS NEW NOW....why are you trying to bring everyone down. Although its just opinion at this point, very well written and analyzed submission.
GO EC/ SUSMAN/NELSON....and THJMW( you rocked em today, way to step up and challenge the frivolous action by Rosen and Company)
I dont know who did there financial report but the comapny on file with the otc is
http://www.2mycpa.com/
Auditor/Accountant
Simon & Edward, LLP
17700 Castleton St.
Suite 200
City of Industry, CA 91748
I think I have done enough DD to convince myself this company is worthless.
GLTYA
Nope but the fiancials they did file are pathetic, I have more in my cheking account.
Listen we can go back and forth all day long I posted my DD, your only response is: "pinkies dont have to file"
so go ahead and believe this will go anywhere.
I posted my DD for those of us who are not in La la land.
THE TRUTH ABOUT RCCH: DD ENCLOSED!
http://www.otcmarkets.com/pink/quote/quote.jsp?symbol=rcch
click the tabs and find a worl of info.
The above link provides all the information required to be submitted by the OTC. The last filing was in September 2007
http://www.otcmarkets.com/otciq/ajax/showFinancialReportById.pdf?id=12428
This pathetic financial report shows the tru value of RCCH, wish I would have done my dd before buying this crap.
The link below is the original filing to become listed on the OTC, the sponsor comapnay was: Securities Transfer Corp.
You need a MM in order to be registered with the OTC
Contact Information Business Description
RCC Holdings Corp.
1250 Rene Levesque Blvd.
22nd Floor
Montreal, QC H3B 4W8
Canada
http://www.rccholdings.com
Phone: 514-989-3711
Holding Company
OTC Market Tier
Pink Sheets No Information
Primary SIC — Industry Classification
6311 - Life insurance
State Of Incorporation
CO
Jurisdiction Of Incorporation
United States
Year Of Incorporation
1998
Company Officers
Gene Newton, Chairman
Claude Smith, President
Ngai Keong, CFO
Raymond Chin, Intl. Marketing
Number of Employees
5 as of Feb 21, 2007
Reporting Standard
Dark
De-Registered
Yes, as of Jan 17, 2006
CIK
0001143723
Fiscal Year End
12/31
Estimated Market Cap
$2,127 as of May 12, 2010
Outstanding Shares
21,269,835 as of Sept 30, 2007
Current Capital Change
shs decreased by 1 for 500 split
Pay Date: Apr 15, 2003
Company Notes
?Formerly=CLIX Group, Inc. until 4-03. State of incorporation Nevada changed to Colorado concurrent with name change
?Formerly=CLIXhealth.com, Inc. until 10-00
?Formerly=Cardiovascular Laboratories, Inc. until 4-99
?Formerly=Interstate Gold & Gas, Inc until 2-98
Security Notes
?New Issue=9-83 5,000,000 shs at 1 cent (best efforts-2,500,000 min.) in the state of Utah only by the company
?Capital Change=shs decreased by 1 for 500 split. Pay date=04/07/1998.
Transfer Agent
Securities Transfer Corp.
2591 Dallas Pky.
Suite 102
Frisco, TX 75034
Auditor/Accountant
Simon & Edward, LLP
17700 Castleton St.
Suite 200
City of Industry, CA 91748
You can find all the information you need: http://www.otcmarkets.com/pink/index.jsp
Take the time and look through the filings...if you need further convincing.
thats not true. You dont have to file anything with the state of corporations other than your articles. You need to do some DD
the filings i am referring to are financials which have nothing to do with corporate state law...
RCC HOLDINGS IS INCORPORATED IN COLORADO, YOU MADE YOUR POINT I MISTAKENLY POINTED OUT RCC HAD NO CORPORATE RECORDS IN CALIFORNIA.
sO YES, UNLIKE SOME OTHER POSTERS I CAN ADMIT TO MY MISTAKES .... However this by no means makes RCC a good investment.
Anybody can have a corporation in good standing. Is your cars registration up to date? Its the same thing. Pay the fee and your in good standing
Bring it on GENE, those empty threats are useless...My attorney will eat his public defendant for breakfast!
yUP, REAL COMPANIES HAVE LAW FIRMS
Already made my point on that move on. So there in good standing. They havent filed anything since 2007 and shoed initial assets of 66K in 2007
you can beleive what you want...
STUPID IS AS STUPID DOES.....
YES. The $800 per year fee is what the state of california charges to keep a corporation running. Much like a business license. You simply have to file your articles and pay the fee.
In other states such as Nevada and Delaware the filing fee is FREE/NO Charge, but you still have to file your articles.
btw filings for good standing consist of articles of incorporation each year....easily in good standing. but if this makes you feel better .....there are so many negatives....about rcch.
hey lets put this argument to rest and just call the company to clarify....oh thats right they have no number to call....
CASE CLOSED!
a CORPORATION IS IN GOOD STANDING AS LONG AS IT PAYS ITS CORPORATE FEE'S $800.00 A YEAR IN CALI.
Maybe its free in colorado.
oh that renderes all my DD worthless. Sorry my bad RCCH is a legitimate company. LMAO again to each their own..... I am not expecting anything. In fact The persitance of some posters about the profitability of thos company is pissing me off.
I am going to campaign to unfold things. First call. IRS. I'll get back to you with the results.
GLTYA
Not only that The california corporations portal shows the company as suspended and or dissolved.
http://kepler.sos.ca.gov/cbs.aspx
Also one final thouht. If there was a possibility of such income as suggested, wouldnt you want to repaort it, this would bring new investors.
Enough said. GLTA
Yes, you are correct. Without any disrespect, just simply use common sense. A company that reported a loss of 260K in 2007 goes to making 28% profit in 2008 above 5M please!
Yes, do as you wish, I am not here to save anybody nor bring them down. I discovered this sham by my own DD, just thought I would share. Take and do what you want with the info I provided.
My last thought is: If i asked you to invest in my company and I had a loss of 260K the year prior and showed earnings of 5M the next year. I have a horrible website, no contact information, a virtual office. No employees that we know of other than Gene, no equipment or assets, not even a computer or a desk (virtual office is an answering service)
Would you honestly invest in my company?
If you're answer is YES. YOU ARE A DREAMER
If it walks, like a duck and quaks like a duck.....well you know.
it is shameful and down right DIRTY BUSINESS!
modern day crooks. Leeson learned.
as if we had a choice not to hold! our money is long gone! thse shady emails are simply gene's way of making a little cash every month. NO FILINGS SINCE 2007. This stock is dead!
thats posted on there own website! anyone can write whatever they want on they're site.
Anyway. I said my peace and did my DD..... those of you that want to continue to beleive .... beleive!
GLTYA
Like I said> My company has more assets, income and profit than RCCH and we are a very small business. The funny thing is I can afford a secretary, phone, website...etc.
So all those people beleiving in this. Stop kidding yourelf, We all fell for it. I wish i had done DD on my own before investing here.
The ugly truth is stated in my post earlier. Just go to the oTC website and you'll find out for yourself.
These pathetic emails and promises... 5M or 5B? come on? I think those projections are based on Gene palying the lottery.
Seriously, I am not here to bash. I found some time to do some research and found that its very easy to list a pink company on the OTC and since RCCH listed prior to 2006 the restrictions were much less.
Do the DD and lesson learned. Let the pumpers pump. The reality is that Gene filed hos opening balance sheet with 66K .....total assets its on the OTC website.
JUST for your info. I would simply stay away from this stock.
Stop Pumping!!! go to the OTC website and do some reading. You will stop saying that. And if you continue to make such claims ....well you are just dreaming. There's no way RCCH will ever do anything! 5M in 2008? I am still laughing....they had 5 employees in 2007 and grossed -$260,000
Keep on dreaming!
THE TRUTH ABOUT RCCH: DD ENCLOSED!
http://www.otcmarkets.com/pink/quote/quote.jsp?symbol=rcch
click the tabs and find a worl of info.
The above link provides all the information required to be submitted by the OTC. The last filing was in September 2007
http://www.otcmarkets.com/otciq/ajax/showFinancialReportById.pdf?id=12428
This pathetic financial report shows the tru value of RCCH, wish I would have done my dd before buying this crap.
The link below is the original filing to become listed on the OTC, the sponsor comapnay was: Securities Transfer Corp.
You need a MM in order to be registered with the OTC
Contact Information Business Description
RCC Holdings Corp.
1250 Rene Levesque Blvd.
22nd Floor
Montreal, QC H3B 4W8
Canada
http://www.rccholdings.com
Phone: 514-989-3711
Holding Company
OTC Market Tier
Pink Sheets No Information
Primary SIC — Industry Classification
6311 - Life insurance
State Of Incorporation
CO
Jurisdiction Of Incorporation
United States
Year Of Incorporation
1998
Company Officers
Gene Newton, Chairman
Claude Smith, President
Ngai Keong, CFO
Raymond Chin, Intl. Marketing
Number of Employees
5 as of Feb 21, 2007
Reporting Standard
Dark
De-Registered
Yes, as of Jan 17, 2006
CIK
0001143723
Fiscal Year End
12/31
Estimated Market Cap
$2,127 as of May 12, 2010
Outstanding Shares
21,269,835 as of Sept 30, 2007
Current Capital Change
shs decreased by 1 for 500 split
Pay Date: Apr 15, 2003
Company Notes
?Formerly=CLIX Group, Inc. until 4-03. State of incorporation Nevada changed to Colorado concurrent with name change
?Formerly=CLIXhealth.com, Inc. until 10-00
?Formerly=Cardiovascular Laboratories, Inc. until 4-99
?Formerly=Interstate Gold & Gas, Inc until 2-98
Security Notes
?New Issue=9-83 5,000,000 shs at 1 cent (best efforts-2,500,000 min.) in the state of Utah only by the company
?Capital Change=shs decreased by 1 for 500 split. Pay date=04/07/1998.
Transfer Agent
Securities Transfer Corp.
2591 Dallas Pky.
Suite 102
Frisco, TX 75034
Auditor/Accountant
Simon & Edward, LLP
17700 Castleton St.
Suite 200
City of Industry, CA 91748
You can find all the information you need: http://www.otcmarkets.com/pink/index.jsp
Take the time and look through the filings...if you need further convincing.
If any of you beleive anything else about this comapny ...it's on you...you have been educated, as I have been. The sad part is my company is worth more and could probably sucesfully trade. I will look into it.
Can Any Company Go Public? Yes!
Many people ask the question, what are the qualifications to go public? Any company, including foreign companies, can go public. You don’t have to have been in business for a certain amount of time and there are no revenue or asset requirements for going public. So, virtually any company qualifies for going public. This is for companies wishing to go public on the Over-the-Counter Bulletin Board (OTCBB). NASDAQ does have certain requirements which are listed on their website. We can assist you in "Going Public" on NASDAQ, NASD, OTCBB, AMEX, or NYSE but smaller companies will usually prefer to go public on the OTCBB or the Pink Sheets because of less cost and less regulations.
Pink Sheets (National Quotations Bureau)
Smaller companies may also consider trading on the "Pink Sheets". This is becoming an increasingly popular option for companies. The electronic "Pink Sheets" (National Quotations Bureau) do not require regular reporting with the SEC nor audited financial's. There are also no asset or revenue requirements. Companies such as Rolls Royce, Nestle, and Heineken trade there. Many CEO's are choosing the "Pink Sheets" now because it offers many of the advantages of the OTCBB and NASDAQ without the SEC reporting requirements and audited financial's.
To trade on the Pink Sheets is very fast and inexpensive. We take you public and assist you with investor relations and other services after you receive your stock ticker symbol. We are one of the firms the Pink Sheets recommend to assist companies that want to go public on the Pink Sheets.
Enough said. Gene scammed us!
Lets move on. I think I will take my solar business public.....but at least i am profitble, have a decent website an yes...employess....what a concept.
you can start buy swallowing your stock certificates and taking a massive dump ...thats about the only unloading we can do.
write it off your axes my friend. At leat we pay ours, I doubt Gene has contributed from the 5M income in 2008
Funny: you think Gene would have a working phone number....where is this money? I think I am gonna put a call into the IRS, they would love to hear about this amount of money....don;t worry Gene you paid taxes right?
LMAO!
I'll sell you mine..... Are we really going back to the 7-10 days....this stock is pathetic
I want to point out one last thing.... I was highly critisized when I decided early on that Rosen/Weil were not working in our favor, even fish asked me to refrain from critisizing them because they had done so much up until that point.
Here we are ....all hating on Rosen.
I always respect posters opinions even when they're not what I like to read. Of course the bashers make no sense....so I just iggy those guys.
GO SHAREHOLDERS!
No apology necessary. I never take offense to things said on the board. It is the great opinions of many here and on other boards that got us where we are.
I am wamu all they way, I just want to make that clear!
GLTYA