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flyingangle,
when the stock moves to the new exchange it will be listed in whatever currency they use on that exchange. Our accounts here should reflect the proper currency exhange rate relative to the USD after conversion~
For example, if the stock is listed on the LSE at 10 BP, then the approximate USD value would be 15$, with the exchange rate the way it is now.
Each broker is different though, best to call and ask a few questions.
No matter though, it's easy to figure out the rate of exchange for any currency~
thanks Blockman and TT~
pieces of the puzzle all coming together nicely :)
tic toc shorty haha!
unbelievable,
this stock was at 70$ yesterday, and it hit 90$ today, cash dividends will do that to a stock, lol!
1.5 million OS doesn't hurt either~
Going to see about picking some of this up..........
I like it too, lol~
and remember, the website says the overseas potential is 10 times what the US market is, so ...........we're golden!
welcome back mm107~
and a very nice summary I might add!
lmao f1fans,
I like
UPLISTING far more, and it looks like BCIT is getting ready to do that, shorts will be scrambling hahahahahahaha!
OTCBB with one friendly mm for 30 days, gotta luv it!
Bring on the Rule 203(b) enforcement, those fed margin calls sure can leave a mark if you're short ;)
anybody else thinking that the pr
tomorrow is going to be a doozy, AND we get the cutover one we want next Wednesday on the 24th, as a Chritmas present?!?!
ya never know ;)
thanks dale_w!
and all the best to Sophia and family~
yw cigarguy~
and I'd also like to thank all the posters out there for their kind words both public and private that have been sent to me, I appreciate it!
I believe we are fortunate to have found RCCH, it is unique in many ways, the process going forward should surprise us all, imo ;)
We're all in this together, all the best to the shareholders and the company!
Looking forward to having a cigar with you and TT and a bunch of the others here, it ought to be a riot!
cigarguy,
if the only way to get the spinoff shares in that scenario is to buy RCCH shares, then yes, they would have to cover it.
No matter what happens here, a short will have to be covered, until we see the pr telling us just how this is going to unfold we can speculate till we need more cigars and drinks, lol!
lmao zxc!
that was fun though.........and soon to be resolved too, imo ;)
on another note, let me say this about that when it comes to mm's and what they are doing here with RCCH:
I've seen the question posed as to why don't they just cover when the pps is where it is. The answer is simple, they have the money in margin to let it ride at the moment.
Upon the uplisting announcement, and the cutover date is known, then they have to square up the books.
The other reason is if they did buy to cover it would casue an uptick, and they cannot have that at this time, once one mm breaks ranks and decides to cover, then up it goes, and fast. The group of mm's controlling this stock are just churning it to get out of reporting the naked short they carry, so they move it back and forth daily to avoid having to report it correctly, and it doesn't show up on the SHO list like it should or the SEC ftd report, like it should~
that all sounds good to me!
can't wait to see what they finally roll out for us~
Speculating has been fun though ;)
some thoughts,
after a LOT of digging I have yet to find another company that has done what RCCH is about to do, and that is significant imo.
As has been discussed before at length, the only way to make this kind of move is to have the assets to do it, and apparently our little RCCH does, consider yourself lucky to be holding shares long in your account~
Leaving the US Exchanges altogether is going to force shorty into covering, this is going to be a sight to see when it starts. If the company was to leave any part of RCCH behind on the us exchanges then they would suffer at the hands of the naked shorters forever. This move is a brilliant way to put an end to this nonsense churning everyday in the quest of shaking out shares from us longs.
As far as how we could possbily hold more than the OS? Easy, the only thing in our trading accounts are electronic entries, IOU's basically. When the notice goes out (and it will) from the regulatory agencies and the DTCC to reconcile the books, the share count will be tallied, from the nobo/obo lists and then compared to the DTCC's list, the difference is the short position, naked and legal, that has to be covered. The only place to get the shares neccessary to cover will be to buy them back from us. And most likely more shares are held than what is available, shorty will be scrambling to buy what is offered by us.
I don't care if it has never been done before, it will be done here, period.
This will get cleaned up, or the mm/brokers/competitors that shorted RCCH will be held responsible for cellar boxing this stock in their effort to kill the company.
Newton is very smart to move this out of the US exchanges and the corrupt DTCC's hands. My guess is the NYSE offer was made to keep the company here where they could crush it after uplisting, but thankfully Newton turned them down and has a much better plan.
imo of course~
hey TT,
in that scenario, yes~
I do not think that's the case though, my opinion is Newton wants out of the pinks altogether, we'll see~
ditch72,
you say and I quote:
"Not logical, but might explain why some would be upset with the PR."
And I agree, lol, and my siggy says it all when it comes to BCIT~
(see below)
no change in share count in Nevada....
https://esos.state.nv.us/SOSServices/AnonymousAccess/CorpSearch/CorpDetails.aspx?lx8nvq=qOsJlTJVMStlCK2sa1Q2HQ%253d%253d
;)
cdnkid10,
they'll be filling their shorts with something lol!
Probably be a sale on Energy Source bricks :)
hey H2,
news, now that's been a long time coming, haha!
And an aquisition to boot, AND the short STILL has to be covered, imagine that!
;)
well lookee there, news, lol~
and it's imminient news at that!
Oh no shorty, BCIT gonna trade again *gulp*
bwahahahahahhahahahahahahahaha!
if they find that bridge ghcnj,
they ought to do themselves a favor and jump off of it, lol~
RCCH/Newton made them look really bad today, even more so than usual!
I'm thinking the same thing ghcnj,
Newton is just full of surprises, lol!!
I luv it!
just imagine the conversation at
shorty central today........
"did you see RCCH just lowered the AS today.....oh no!"
"we were doing good until .....oh no!@"
"anybody got any maalox?"
"oh no!!!!"
"what do we do now!?!?!"
"OH NO!"
where are all the naysayers now?!?!?!
The AS gets chopped in half and no comment from the short gallery?!?!
It's almost like it was a coordinated effort in the last 24 hours to say this was a diluting typical pinkiie pos, but Newton just proved otherwise in a big way.......come out from under your desk shorty, man up and admit you was totally WRONG, again,lol!
bwahahahahahahahahahaha!
Go RCCH!
awesome!!! lmao~
thanks durk,
shares get lent out from margin accounts daily, and even though brokers won't admit it, they get lent out from cash accounts too. This causes those shares to be duplicated several times, and it dilutes our pps.
Getting certs is a way of straightening things out, but most investors don't want to deal with it. Another thing that does help is to tie up the shares in a GTC sell order far above the days trading range, each broker has different limits as the how high you can put it up. As long as the shares are in margin accounts though, they can be lent out as per the agreement you sign when you open the margin account, best to move RCCH shares to a cash account, imo.
If Newton takes my free advice from awhile back, he'll issue a cash divi as soon as they uplist, that will really screw the shorts, especially the ones that borrowed against the original position, lol.
the audit is the key,
after we get to check it out, then we can figure out the Book Value of the stock. Of course, that will just be the starting point, on the new exchange the institutional investors will be able to buy the stock, and then we should get a proper market multiple, say 10-30 for a growth company like this one, imo~
ThSeeker,
per your pm, in that scenario, whoever oversold it will have to buy it back for whatever pps the shareholders are 'asking' for it.
Typically the bid gets raised substantially to pry those oversold shares out of the longs hands, as it's the only way to get them to sell them back.
After the short buys the oversold position back, it is then 'retired' and taken from the count. This goes on until there is an equilibrium of shares sold to actual OS, those lists are compared yet again to see what is held and what is available. This is done over the course of two weeks, there is a set time involved, and if the short still isn't covered, then the broker or broker dealer/mm can lose there trading license if they do not have the proper margin to 'let it ride'/
They will cover onthe way up, else lose the way they make their money.
RCCH seems to have that situation, more sold than what is actually available, that's why we see this cellar boxing, imo~
ThSeeker,
there will be an enforcement of Rule 203(b) issued by the SEC.
If you bought shares at any time and they have settled by the legal T+3 timeframe, those shares are yours, nobody can take them from you and they are very real.
If your broker just filled your order with naked short air shares, then it's their problem to deliver to you what you paid for that settled.
If they bought them from a mm, they force them to deliver what they sold.
There are two set of lists, one at the DTCC and the nobo/obo lists that the brokers keep, the numbers are compared, and then the oversold position is discovered, then these laws get enforced.
RCCH is moving off the US Exchanges, so there will be a "reconciliatation" of the oversold postion, to say the least.
There is no way around it either. There will be a couple week timeframe most likely to allow for this short to be 'bought-in' properly.
That time draws closer everyday.
do some dd,
you don't have a clue about this company, imo.
Uplisting to an International Exchange, (not dual listing) has never been done by a pink sheet company. There is only one way to do it, and that is to have the assets/revenues/contracts to make the move based on valuation alone.
This company apparently has it, the audit has been submitted, and us long time shareholders are now waiting for the audit to be released, showing those assets/revenues/contracts. Once it is out, there will be a brief period of a couple weeks before the company 'cutsover' to the new exchange. During that time the huge naked short here WILL have to be covered. If it doesn't get covered, when the new mm's on the new exchange set the pps by the Book Value, the margin call to the shorts will be well deserved, and they WILL have to cover it, period.
And this is a holding company with several businesses, not just wastewater treatment, but the IWS portion of the company has the only EPA approved system in the world, but you'd know that if did the slightest bit of dd.
This is not a typical pinkie no matter how many excuses you make to benefit your flip, and telling people when to sell is against the law unless you disclose your broker credentials, afterall, you are giving investment advice in a public forum, so keep that in mind, you are pushing the legal limit with your rantings, imo.
I'll pass them along to the SEC just to make sure, OK?
I like that thinking dumar~eom
Go-Gold, yes.......
a filing with the state they are incorporated in and those new AS go away just like *poof*
no muss no fuss~
lol camper9,
I noticed that too, and we even got some showing up to warn us this is a pinkie (oh no!)
Their concern at this time of year is touching, reminds me of a song my buddy SupermanSeesAll penned awhile back: (paraphrased of course)
There goes NITE and DOMS
hanging from a tree
they should've known better
than to screw around with Gene!
VFIN and VERT them dirty little dweebs
hope they choke on weeds!
OH~
jingle bells jingle bells
jingle all the way
oh what fun it is to see
shorty cry all day!
zxc,
no, I don't think it is an anti-takeover attempt, but it will allow the company to prevent one if there was an attempt.
I believe it's more along the lines of meeting the market cap requirement of the new exchange, and now the mm's cannot delay it by keeping the pps at .0001.
imo of course~
I have to tip my hat to zxc.....
after a quick search of pinksheets:
http://www.pinksheets.com/pink/quote/quote.jsp?symbol=rcch
it shows RCCH stock has a par value of .001! (not .0001)
With the AS of 13 Billion total the company now meets the market cap requirement of the Hong Kong GEM exchange, as 13 billion times .001 = 13 million US~
Coincidence? Maybe, but I doubt it lol!
I think we're going to the Hong Kong Exchange now~
tic toc!
This prevents the mm's from delaying the uplisting, haha!!
lol!
"How would you like your mm?"
"Well, how about a broiled VERT with a side order of deep fried VFIN, and serve it with steamed NITE"
banchrima,
he probably cannot comment on much right now, gag orders are like that, and I see him sticking with the rules.
Once they uplist then we might get the rest of the story......
nope, not suspicious at all.....
what is suspicious is the daily share churning by the mms and not letting it really uptick like they should.
Today was a start, and Authorized does not mean Outstanding, period.
that's what I thought ghcnj,
but you can be assured we will hear all about the increase like it was Outstanding, these clowns will try and make the connection that Authorized means Outstanding, like they always do~
Just think, they can cancel them when it gets re-valued on the new exchange, won't that cause a stir!
close was .0002~
last trade during trading hours shows
1,450,000 @ .0002 @ 15:38 on my screen
t-trades show a bunch after 16:05 @ .0001, so they don't count for the official close~
ghcnj,
I wonder if the increase was to satisfy the market cap requirement of the new exchange?
imo, that's all it is~