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Yep its clear the shell needs cash assets and then the business (IWS) needs to qualify if it is done in Canada.
Thanks.
No, IWS has to qualify per their disclosure to the exchange
which the Canadian partner provides. Read again.
OK see you in Las Vegas in about 30 days??
Do you have a link handy on the minimum listing requirements
mentioned in your post? I assume this might be different that the listing requirements already posted.
I guess you could call Gene and ask him directly or DD the
Canada shells looking for cash.
Does anyone wonder why the shell was described as needing cash? Why does the shell need cash to qualify?
Thanks for your PM robostock....now I understand....it is a secret supported by facts. LOL
OK. Lets see how this works out over the next 6-12 months.
Something should be known.
Why? I am curious as to how you came to that conclusion.
Excellent. Holding the Golden per Gene....millions to be made. I am excited. Will the UPLIST happen this week?
If they do make a spin-off and merger with IWS and there is no reverse split with RCCH then you might eventually see some profit "IF" they throw you a few shares as a dividend.
Maybe Hess's shells don't meet the requirements such as having
"CASH" whatever that means. If it was wrapped up Newton would have not missed the opportunity to say so....he didn't.
Doesn't bother me but I expect the search for a shell and an
announcement that a deal has been made will go on for months.
Flippers might make some money on a good day but the dreams of making thousands or even millions have vanished by disclosures
made in that PR.
There is no incentive for Gene to put out financials now.
Don't think you will see anything like that and will be left
to speculate as to the real value of RCCH.
International Exchange?? The PR only says "cash shells" without specifying where he might find one. He might look in Canada and not find a match. Then he might come back to the US pinks for a shell. Time will tell.
Funny. Gene made history yesterday.
Looks like those of us who were very skeptical about Travis
since Sept were right all along in more ways than we thought possible at the time. Travis has vanished and bilked inv. out
of a considerable sum of money in doing it.
What happened to Gene's reports of 9 lawyers and accounts working on RCCH uplist package which he kept telling us about.
Looks like he wasted tens of thousands of dollars on his ill-advised scheme to move to an international exchange.
Now investors are back to square one again per the PR. In talks with several shells. All that energy, time and money
apparently wasted. Yeah, Gene shows great leadership skills.
Gene is a loose cannon and could do anything and does. I recall in an email back in May I was giving him a hard time about the increasing O/S and he responded....."well then I will just close the transfer agent and you won't have to worry about it." So about 60 days later he did exactly that.
If he is telling you now that a R/S decision is out of his hands then be prepared for bad news within 60 days. I would like to see how he could explain that an R/S was needed because of an IWS merger? That should not be on the table at all and yet now it is??
IMO Gene is up against the wall and will do what he has to do to keep RCCH functioning including a reverse split. If he is now saying as Kramer reports that it is out of his hands then watch out....he is setting you up for the bad news and putting the blame on the exchange. I don't see a connection between merging IWS into a new shell and him being forced to reverse split....what am I missing? Could it be that they are not related but he will do it anyway? Wouldn't surprise me at all
if he followed the path of many other stinky pinks who R/S,
rinse and repeat.
Why is Newton getting so honest all the sudden?
Per mm107 RCCH is in the 7th year of a 7 year plan. LOL
You might hear something on the merger this summer.
Good luck with college.
You ever play musical chairs? While you are trying to come up with reasons why your stock will stay pay off the music stops
and so does the opportunity to get out with something. My guess is that their are billions of shares which are going to be sold by retail in the next 60 days if they can find buyers.
It was a lotto play and the lotto fizzled today. Next?
The "mistake" has been going on for about 8 months now if you are referring to the uplist. Hess is new but that PR today was not generated solely by a call from Hess IMO.
Just funning you. Gene won't change the PR of today because in all liklihood he was forced by some unseen power to do what he did.
I think you will find that there are billions of shares in weak hands after today. Anybody holding this stock knows that nothing could happen for 6 months and then the outcome is uncertain. Do they want to leave their money in RCCH with that type of future or will they move on? You will see in the next 30-60 days.
If you believe you can make money by sticking with this for 6-12 months if not longer go for it. Nothing will happen with
RCCH until the proposed merger happens and then you might get
a nasty surprise and get very few new shares for the RCCH common. That is the chance you take.
Something happened in the past 24 hours which scared him enough to come out with the truth. If that hadn't happened
he would likely have just carried on with the uplisting charade
for quite awhile. It would take a team of psychatrists to figure out Gene Newton once you have seen how he operates from close up.
This isn't kindergarten. Gene told you the truth. Live with it.
Read it again bag. It says very clearly that the reference to the "uplisting" had to do with this proposed merger. The uplisting thingy is history.
Well for what its worth I gave him a real thrashing in emails last May and his response was basically,
"Yes you are right about one thing I put my money into RCC
and I will do what I want with the company."
Then he went on to call me a Monday morning quarterback who
didn't realize his shares were worth "$3.50".
Bottom line is Gene has a thick hide and looks out for himself number 1 and foremost. What he is thinking about is how to raise money when his well goes dry and people stop buying his shares. That does scare him big time.
No I mean evaporated. Many of the folks who jumped into RCCH in the past 90 days of its popularity were looking for a quick
hit and don't give a hoot about the fundamentals of IWS like you do. You have alot of patience and have experienced a good deal of pain watching the pps tumble from .015+ down to where it is now. Good luck.
Why not their JV partner up in Canada? The name slips my mind been around for awhile.
Well you didn't make any money on your 1's when all the hype was saying this stock would make history and was worth dollars per share via the short squeeze and all the rest. What is there in this story now to move it in your opinion?
Why would the imagined shorts play chicken with Gene when the
PPS bottomed out at .0001 and they could go there way? I don't
think there has been any financial incentive for shorts to concern themselves with for the past 3-4 months. Billions have traded at .0001 so don't say that shares were not available.....you could buy as many as you wanted to as all
these new longs would assure you.
RCCH is going to remain on the pinks this is clear after todays PR. IF there ever was a short position there is no
reason now to cover if I follow your logic and there never will be either. Months from now a few might suggest it but
it would not hold water then nor does it now.
It could all be a lame excuse and they haven't talked to any
potential shells yet but would be sure to start this morning
to cover their tracks.
The "gag" seems to be very selective in what he can or can't say. I think he made it up in his emails to avoid discussing
the true facts.
It was a shock when Gene threw a wet blanket on the RCCH party we have been having. What you have to look forward to as a
proposed merger with one of several candidates under consideration. The term "uplisting" should not be in your
vocabulary.
I will never forget the posters who insisted on putting up
the fact that Gene has never lied to anyone and could be
trusted. Apparently some authority has put the lean on him to put out the truth.
They are "quickly moving thru the process to the Intl Exchange". Hopefully the longs will give him an earful now.
I am sure his emails are full of indignation and will be for weeks to come.
Because all the hundreds of millions of dollars which were supposed to be made on the "uplist" evaporated this morning.
The "uplist" bonanza has been thrown out the window by Gene
in his PR.
Investors need to be convinced that holding shares of RCCH/IWS
makes sense if it means they may be waiting for months or years to make any money.
Do you feel like lightening struck you today after Gene disclosed the true situation with RCCH? Honestly I could not think of a worse PR which could have come out.
Of course if the SEC booted Gene over to greys for misrepresentations made over the past year that would be worse.
Now you are left with the way things were in April but this time all those approvals and so on from the EPA and others
have not resulted in any new business for IWS which Gene has
PR'd about. Why hasn't IWS gotten any new business in almost a year? That is not very encouraging and I wonder why anyone would merge with a business like IWS that was going no-where in terms of making money.