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Well there are billions of shares to unload on someone if you are not sticking around for the potential of IWS to make good someday. Reminds me of some others stuck at .0001 which dwindle to little interest and no volume.
What happened to all those who were claiming that Gene was not disclosing information because he was gagged by the international exchange he was uplisting to?
Then those who said the TA was gagged to fool the shorters?
Well now he is no longer gagged so perhaps he can tell everyone the true state of RCCH? I think no possible way.
If you can find a buyer for em serge. Gene put an end to hopes of a quick payoff today and you may find that as time drags on there will be more sellers than buyers and then you hit a stalemate with hardly any volume.
Buyers are needed who are willing to park their cash in RCCH for months to come with no guarantees as to eventual results.
The sizzle which attracted many to RCCH is now essentially gone and everyone is beginning to realize they are not going to make bank on an increasing share price due to all the hype
from reasons made previously.
Why didn't he say that specifically johnny? He alluded to "several" merger candidates. Lets not get another rumor started without any basis other than a feeling. Also, the PR said Hess would come on board if a merger candidate was found which met his conditions. Doesn't sound like Hess has clue one as to where this is going IMO.
Hey bud. Well we both have known for nearly a year Gene was a total screwball. I still laugh at the things he used to tell us on the phone. LMAO. It wasn't worth what it cost us to find out the truth but it still was a bummer. Gene got to fly around the world playing a bigshot for a couple of years off us share holders but now I wonder if he can find new investors to pay for his next airline tickets to China, Guam, London, Africa, Canada, etc.
Hope all is well with you.
When you are investing with the pink sheet companies you are dealing with the absolutely the lowest forms of life in the
world financial scene. They all have their stories but most
of what CEO's disseminate to the public is misleading or just falsified.
There are dozens of stinky pinky CEO's who are worse than Gene Newton. Should you trust anything which comes out of him? Hell No. Today he has told investors that the uplisting amounts to a possible merger yet to be determined. From the wording in the PR it does not say the merger partner is even of an international nature. It came from his email that it had something to do with Canada. At this point I don't see
how it makes any difference if it it Canada or the pink sheets.
The whole idea was to uplist all of RCCH. I think he tried and got the response NO CAN DO. So now he is spinning this
IWS merger out there. RCCH will stay on the pinks and die
a slow death IMO. The IWS merger may provide Gene another
vehicle to sell shares with and I think that is the only reason he wants to spin it off. Why not keep it as it is
otherwise.
Thats what I meant about "education" Josh in my exchange with you. Don't forget what happened here on this board. There were thousands of posts made here which had no basis in fact or common sense as the truth about this PR of today begins to sink in.
The NSS squeeze won't happen.
RCCH will not uplist to an international exchange.
IWS is looking for a merger partner with cash and is going to take months and months if ever.
Newton has mislead investors big time.
There is not going to be any cash windfall coming from owning RCCH stock as hoped.
There is no incentive now to publish the financials of the company and other disclosure documents.
For those Holdin the Golden they will have the rest of 2009
to consider all the money which slipped thru their fingers.
I am sure Las Vegas will be disappointed to hear that the RCCH
gang won't be coming this year because of this stock. LOL
I bet you end up waiting 6-12 months to see if a merger partner can be found.
Agreed. He spun me for 4-5 months before I could figure him out. But it cost me $8,000.
Not bad gail. Good luck
Yep and all those Yes's are full of holes. Maybe you weren't
around when it was shown that the IWS vido was basically a scam which Gene bought into. Reportedly paid $20,000 for it
(the going price) got a 5 minute production which was shown
to a couple east coast TV locations at 6:00AM.
Gene was convinced this would be one of the biggest things which ever happened to RCCH and put his name on the map. He
even said they were the featured company and that over $50,000,00 in advertising had been sold for this episode.
He couldn't control his excitement and he fell for this scam lock stock and barrel and essentially wasted his money.
As the truth became known he would not talk about it in his emails. This reminds me of the statement he allegedly made
that RCCH "was invited" by an international exchange to list.
But hey this is the type of thing which Gene is well known for by those who maintain contact with him over time.
Gene is one of those who chases the golden ring wherever he
thinks he might find it and he is unlikely to change. Now he
needs to find a clean shell somewhere with cash to continue on with his plans and be an international jet setter. So far I have never seen one of his trips result in any revenues. The workhorse at RCCH is Claude Smith Pres. of IWS.
Yeah but it matters to her. Hope she finds a buyer soon.
The thing is these 1's today are no different than the 1's people were scooping up by the billions in the last 120 days.
If there were any shorts they reached their goal of .0001 long ago and would have closed any open positions IMO.
This news today only proves that the market was right in valuing RCCH where it has been. Now the question becomes how many longs will bail at the revelations made today realizing
nothing is going to happen for months if ever. Then, like Gail found out....will there be anyone who wants to buy the
1's next week, next month and so on. Some folks wanting to sell and move on may not be able to do so in the future.
Thats when you know your lotto play has gone upside down.
I don't read on this board people screaming advice to sell.
It is coming to grips with the misrepresentations which were made by Gene that he has admitted to so far. I think the true share structure would show the next lie to be exposed...Gene:
I am not selling shares. LOL.
Sorry it worked out this way Richgrizz but the hype surrounding this board for the last 6 months appealed to those who did not know Gene very well. His emails of today to people are typical of him and show the type of unprofessional mentality you are dealing with here...misspellings and all.
Well it is a disappointment for many who unrealistically thought they could get $1-$70 per share out of this thing.
I have seen these proposed mergers take months to ever come to fruition and in this case they are not just looking for a clean shell but one with "cash". That may turn out to be a
very hard thing to find.
I think the key wording in the PR centers around finding a
merger candidate with cash which suggests to me they don't
have any just as I have been pointing out for a while now.
I have enjoyed following this story and hope it doesn't completely dry up and blow away. But basically that PR today put this stock back to where it was last May before the uplisting hype started. But the basic problem remains the same, they need cash to operate and IWS is not completing
any projects to provide funds. That issue will carry forward into the new merger if there is one and then you are betting they can turn IWS into a money maker. There must be some
reason why IWS had completed contracts in 2005-2007 but nothing since. Something is definitely wrong with that picture
but those who feel like IWS will eventually produce have to do some serious DD to find out why it appears to be so weak.
"Bill Hess is definitely on board".
The PR says he will join the board if they find a shell to merge IWS with. Thats a big IF. Right now Hess isn't on
board and is just one more example of the truths which Gene
often tells.
The way I read the PR it does not state that the shell they are looking for is necessarily in Canada. Maybe it turns out to be another pink sheet. He does say Canada in his email
message but then again his track record has serious flaws.
Like I pointed out yesterday Gene is not to be trusted on basically anything he says. There is always some thread of truth to his statements but basically his conclusions are wishful thinking.
All those who said the secrecy surrounding the so called "uplisting" was because of international exchange rules have been proven wrong, wrong, wrong.
Those who said the audits and all the paperwork for the uplisting "have been submitted" and "this is a done deal"
were wrong.
Those who said there was a huge illegal naked short position
were obviously misguided and with these developments are unlikely ever to know the true share structure of RCCH. I
said Newton was selling shares to stay afloat because that was common sense and it was clear that any shorts had been given
ample opportunity to cover over the last 3 months. The truth is IMO there are billions of shares held by retail and over
the coming weeks it will be interesting to see if they will be able to recover any of their money.
My thought is that RCCH is flat broke and to continue selling shares is not feasible so they are trying to save the one asset they have (Intl Waste Water) by merging it with another trading vehicle which would allow them to sell more shares on
the market and keep the doors open. I can think of no other
reason they would split off the one asset they have that had
potential. This would leave RCCH itself basically an empty
shell.
Newton massively deceived investors for months with all the talk about moving RCCH to an international exchange and IMO
the reason he has at last come clean is that he was feeling the heat from the SEC and other governmental agenicies to
support his claims made in PR's or recant. So he recanted.
I think if he had his choice he would have let all this speculation continue for months while he continued to sell shares but obviously something put his feet to the fire.
LOL. I thought you heard about that. Remember that Wash.DC Conference last year....he said he would PR it then and several of us were eagerly awaiting the news which never came.
Durkk thats not how the business arrangement was laid out by Gene. They bid the wastewater componenet of the project to
someone like a developer usually. They have an umbrella contract which includes the total cost of their portion. RCCH then subcontracts out the work that needs to be done and of
course buys all the materials. They don't get paid until their portion is completed and that is done by the developer.
In your example I think you are saying they are selling the components to someone else who then bids the deal and they get paid at that time by this person. Thats not the way it works and if I recall correctly the last portion of the RCCH payment does not come until they have hooked up the septic and water system.
Seems rather basic and don't know why your two hours on the phone with Gene didn't cover that topic??
They had placed a bid, it was accepted, terms were agreed upon and they had a valid construction contract in hand. According
to Gene this was taking place multiple times per month starting in April and he would PR this great news. He never did. And still hasn't. As the pps continued to fall he clammed up.
So, I went to Claude Smith for verification of Genes claims
and while he did confirm there was bid activity on several fronts he would not back Gene up as to these so-called contracts he said he had.
A real classic was the $30,000,000 (5 contracts) he said he had from England which he would PR back in May. These were done deals he said. Several of us discussed it via PM's,
emails and IM. It never materialized.
Contact by PM profcw and stocrates to start with. Include your email addy.
I can tell you for a fact that he did claim 10 contracts per month and was bidding on 30 and I told a bunch of people about it via PM's. And I was not the only person he made claims to.
Perhaps you did not ask the right questions. If you did spend 2 hours with him on the phone then there is no possible way he
did not bubble over with optimism. But hey you beat my record for a single phone call at 2 hours....the most I ever talked to him at one time was an hour and a half. LOL
I said zero completed. No revenues. Bag8ger was in touch with Lew Burton more than a year ago and I don't question
that if he says they have 3 projects pending then they do.
But there is no way to estimate with precision when they might be completed if ever. Are they caught up in the credit squeeze like everyone else? Who knows.
Yeah and back in April Gene said they were booking 10 IWS contracts per month and since then they have PR'd zero.
And 300 clients per quarter is not 9,000 you would need to support your DD claim of $26,000,000. If they were doing
100-300 per quarter then you would have an income source.
Newton also said they would do $15,000,000 with IWS in 2008
in a PR of projected revenues. That went away and there hasn't been a word about it since. Was the fearless leader
who is a genius been off by a factor of 100%? The offical
word out of the company is that ISW hasn't done anything in the way of project completions and in fact hasn't booked a new IWS contract since the North Carolina deal last spring.
If they are the industry standard as you have claimed seems like we could have booked at least one new contract in the last 10 months. Either the business sector is dead or your
interpretation of IWS's stature is grossly off the mark of
the realities taking place in the field.
the stock.
Potential to generate income is always a part of any investment decision. There must be more than 100 wastewater companies world wide who will be bidding as well including
those like Siemens. This industry is not stagnant and a good product today can be obsoleted tomorrow. RCCH has to deal with that fact as they compete for business among much larger players who have established themselves. Its not easy to be a start-up and convince folks that you offer the best return for the money spent and can deliver a quality product per bid.
I agree that a considerable sum of money will be spent in wastewater management in the next decade but so far RCCH has
not shown itself to be a part of the payoff. No idea if IWS
has what it takes to make money in the future but I guess thats why the market has it priced at this level.
Maybe you can verify the $26,000,000 per quarter than EZEE is
making as reported in your DD. LOL.
We never stopped looking actually just didn't devote the entire day to it. Was using a super computer with a university professor. Go ahead and try we came up with dead ends to this date.
What you are describing is not a completed project which puts any money into the RCCH treasury. Perhaps these three deals
will happen in 2009 and perhaps not. Look at their PR's for all of 2008 and you will find another major project in North
Carolina.
Putting potential projects into a prospectus without any history of income is not going to be real exciting to foreign investors asked to pay substantially more than $100-200 for a
million shares of RCCH as you have been doing. You are betting on a get rich quick scenario and their views will be different. But you must find a buyer for your shares and that will take some serious convincing and a lot more facts about the true nature of RCCH than is presently known.
Yes, EZZE has moved into Gene's suite but no one knows how
much money they are making with their efforts. It is pure
speculation to guess on it since we have nothing from the
company to go on.
I don't think there is a short squeeze in the works and people
are thinking that foreign buyers are just going to magically
jump into this stock if it uplists and pay top dollar for a
story which has no history of making money. The market including folks here have placed the value on this stock recently down in the .0001-.0002 range. Why would foreign
investors pay what this market is not willing to pay when
the chances of RCCH producing exciting financials are virtually nil.
Its insignificant in terms of real income per conversations with Gene.
Personal email communications with Gene do not inspire confidence.....erratic thoughts come to mind and an unwillingness to address fundamental issues like income sources.
Yep that about as far as we got last year in trying to find out anything about CPIC and we looked hard for several days.
People seem unwilling to take the risk to go for the .0002 shares based on their DD and discussions from this board and
other places. Most people don't want to invest in a company which has not shown that it is made any money in over a year
and their filings for 2007 likewise showed no income.
The pink sheets are full of companies with a good story on how they will make money but very few actually produce anything and fewer still actually can show a profit. Income producing companies are not at .0001-.0002 but those with stories and
promises unlikely to be achieved are rampant.
Since no information is forthcoming from RCCH/IWS you are left
with a story minus any facts to support it. If the belief is
that IWS will eventually (a year or two or three) start making money that I would not dispute as I think their product has merit. If RCCH uplists they will need to convince potential investors that they are more than a story or the PPS will
totally collapse as it has now on the pink sheets.
This PR was like the ones announcing contracts signed in the spring of 2008 and all have faded into obscurity and not been discussed again publically. In fact RCCH has not announced a
new construction project for coming up on one year and no words at all on what they supposedly booked. This is why I say that IWS has had essentially no revenues since projects were completed in 2005-2007. Some feel (hope) their financials will pull them out of the well and IMO this is extremely unlikely. I believe in time folks will find that their income for 2008-2009 was derived from the selling of
shares....makes alot of sense when you aren't making money
thru your business operations. I think expectations need to be toned down substantially by some investors here as tempting as it is to hope and believe in new found riches via RCCH.
Its easy for some to say they have "no debt" and they are
"profitable" but we all know there is no valid proof for such a position based on the structure of the company as reported.
It is well documented that IWS has a legitimate product but the problem is it is not translating into income to the company. EZZE remains an unknown factor and may or may not
work out to expectations which Gene holds. IWS is the flagship asset of RCCH and as johnnyfibre pointed out recently they haven't put a new system into place since 2007 that we know of.
I think you will find that Pierre Morin is the same guy who
was in the RCCH press release of the spring of 2008 in which
he was an assistant to the president of Carribean Private Investment Corp. Subsequent DD on CPIC turned up little and
nothing more on Morin. Connection to the Royal Bank of Canada
were checked out and ended up going no where in calls to Canada and the U.S. offices of RBC.
This was a classic development as Gene had claimed that there
was substantial DD available on CPIC via the internet and he
failed to come up with any valid links to this organization after promising he would. To this day CPIC remains a mystery
in large part.
Fair enough. Good luck to ya.
You sound pretty sure about them having cash to pay the bills without selling shares. What leads you to that conclusion?
I know that it is unlikely RCCH can be driven to bankruptcy
and I seriously doubt that the so called shorters believe they can do that and risk their money to try and accomplish it.
And in a BK there is always some value still attached to the
shareprice. If RCCH was driven to BK then you are saying the
PPS would drop to less than .0001 and I don't see that happening in your scenario.