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zxc:
one way a company can get the required market cap with equity securities is to have a class of "prefered" shares with a "par value" higher than the par value of the common shares ;)
Typically the prefered shares don't trade like the common shares and they can be assigned a value far different than the common, which usually have a par value of .0001 to .01.
RCCH just happens to have a class of prefered shares, lol~
(Let's say for example the prefereds have a par value of 1$ for easy figuring, not saying it is, but it could be) with this set-up they meet any exchange requirements if they have 50 million Prefereds...........
And if one class of prefereds don't get them over the 'hump' market cap-wise, then another class can be created with the approval of the 'Board of Directors', and didn't a new BOD just get hired?!?!
Prefered shares can have a higher conversion rate than 1 for 1 also, so the AS may have to have been raised for that scenario, works as an anti-takeover measure as well!
Keep in mind that shares authorized do not mean shares 'issued and outstanding', but they do count towards the market cap~
IMO, the company meets whatever market cap requirement of whichever exchange they are going to, and if they don't they have the answer with a stroke of the pen, since they own the majority of shares, period~
thanks for the pm mcokpba,
made my day!
And I do appreciate the feedback~
RCCH doing it right ;)
I believe so ditch72,
that's why I think they are worth a lot more than where it's setting today, lol~
There's only one way to skip the otcbb altogether, and that is to have the assets/revenue/market cap to do so.
Apparently RCCH has the goods, and the audit is the key.
TT, big board and heres why:
if they turned the NYSE down, then they have to be worth at least $3 a share, so they should qualify for the big board over there as well as the big board here, imo.
Now, if they cannot get on the big board and have to start on the AIM for awhile before moving up then that's great too, as either exchange does not allow naked short selling period.
If they have the assets/revenues needed to bypass the lesser exchanges then to the top it will go from the start~
hey Striving,
all is well on this end ;)
I have to agree with mcokpba's post about the fireworks happening here soon, say by mid month or possibly sooner.
Keeping an eye on the LSE list just in case RCCH gets uplisted there~
one new addition on the "New Issue" List today
on the LSE, but it isn't RCCH..........dang!
http://www.londonstockexchange.com/en-gb/pricesnews/prices/newissues.htm
Another day closer though, tic toc!
And thanks for the .0001's mm's, I couldn't do it without ya, lol~
hey mods...........
shouldn't this be called the "Energy Source" board now?
The name has changed awhile ago even if the symbol hasn't yet~
makes sense Durk,
get cutover date a couple weeks before, and start the New Year off on the new exchange and leave the US altogether, make it nice, neat and tidy~
A perfect time to make a transition.
All shares then are accounted for, and short positions 'bought-in' as they should be, could be a wild last couple weeks of the month here, lol!
reading between the lines......
at least they got to talk about the uplisitng, instead of just saying it was on schedule as they did in previous pr's.
Tells me the lawyers are now letting them speak more and the uplisting is a done deal, just waiting for the exchange to make the announcement, then the company will be free to pr more details, imo~
You wouldn't need a board of directors that can handle an internaitonal uplisting if the company wasn't uplisting ;)
It's all good!
that's the best line of the pr, imo!
anyday now..............uplist~
could happen TT,
especially with the brokers that have contracts with specific mm's, like ST has with NITE. Other brokers that don't contract with specific mm's and go into the market and buy from whoever is selling will be fine, they will just demand delivery and will get them.
Going to be fun to watch, haha!
looks that way Stock.....
add all those figures up plus what's obviously happened since and you get the scenario ghcnj was talking about awhile back, more shares being held in hands than what is supposed to be out there, now just how are they going to cover?!?!
By paying UP, of course lol!
looks like a good day to throw this
data at the SEC, we've had bigger volume days lately, I can just imagine how big the ftd's are now. Off the chart imo.
Can't wait for this to uplist, shorty is screwed~
great idea TT,
and maybe we all ought to send this link with the data to the SEC enforcement division and ask them just what the hell do they plan on doing about it?!?!
And carbon copy the complaint to NITE/VFIN/VERT/ST just to let them know we know, lol~
the last entry is for over
15 million in one day!?!?!
CROOKS!!!
wow TT,
huge amount of ftds up as far as this goes, just imagine if you add what's been ftd's since the end of September this year........
SETTLEMENT DATE CUSIP SYMBOL QUANTITY (FAILS) DESCRIPTION PRICE
20070927 749318101 RCCH 25068 RCC HOLDINGS CORP 0.02
20070927 749318101 RCCH 25068 RCC HOLDINGS CORP 0.02
20070928 749318101 RCCH 25068 RCC HOLDINGS CORP 0.02
20070928 749318101 RCCH 25068 RCC HOLDINGS CORP 0.02
20071009 749318101 RCCH 10000 RCC HOLDINGS CORP 0.02
20071009 749318101 RCCH 10000 RCC HOLDINGS CORP 0.02
20071010 749318101 RCCH 11500 RCC HOLDINGS CORP 1
20071010 749318101 RCCH 11500 RCC HOLDINGS CORP 1
20071011 749318101 RCCH 18000 RCC HOLDINGS CORP 1
20071011 749318101 RCCH 18000 RCC HOLDINGS CORP 1
20071012 749318101 RCCH 11500 RCC HOLDINGS CORP 1
20071012 749318101 RCCH 11500 RCC HOLDINGS CORP 1
20071015 749318101 RCCH 11500 RCC HOLDINGS CORP 1
20071015 749318101 RCCH 11500 RCC HOLDINGS CORP 1
20071016 749318101 RCCH 11500 RCC HOLDINGS CORP 1
20071016 749318101 RCCH 11500 RCC HOLDINGS CORP 1
20071017 749318101 RCCH 11500 RCC HOLDINGS CORP 1
20071017 749318101 RCCH 11500 RCC HOLDINGS CORP 1
20071018 749318101 RCCH 11500 RCC HOLDINGS CORP 1
20071018 749318101 RCCH 11500 RCC HOLDINGS CORP 1
20071019 749318101 RCCH 11500 RCC HOLDINGS CORP 1
20071019 749318101 RCCH 11500 RCC HOLDINGS CORP 1
20071022 749318101 RCCH 11500 RCC HOLDINGS CORP 1
20071022 749318101 RCCH 11500 RCC HOLDINGS CORP 1
20071023 749318101 RCCH 11500 RCC HOLDINGS CORP 1
20071023 749318101 RCCH 11500 RCC HOLDINGS CORP 1
20071024 749318101 RCCH 11500 RCC HOLDINGS CORP 1
20071024 749318101 RCCH 11500 RCC HOLDINGS CORP 1
20071025 749318101 RCCH 11500 RCC HOLDINGS CORP 1
20071025 749318101 RCCH 11500 RCC HOLDINGS CORP 1
20071026 749318101 RCCH 11500 RCC HOLDINGS CORP 1
20071026 749318101 RCCH 11500 RCC HOLDINGS CORP 1
20071029 749318101 RCCH 11500 RCC HOLDINGS CORP 1
20071029 749318101 RCCH 11500 RCC HOLDINGS CORP 1
20071030 749318101 RCCH 11500 RCC HOLDINGS CORP 1
20071030 749318101 RCCH 11500 RCC HOLDINGS CORP 1
20071031 749318101 RCCH 11500 RCC HOLDINGS CORP 1
20071031 749318101 RCCH 11500 RCC HOLDINGS CORP 1
20071101 749318101 RCCH 11500 RCC HOLDINGS CORP 1
20071101 749318101 RCCH 11500 RCC HOLDINGS CORP 1
20071102 749318101 RCCH 11500 RCC HOLDINGS CORP 0.02
20071102 749318101 RCCH 11500 RCC HOLDINGS CORP 0.02
20071105 749318101 RCCH 11500 RCC HOLDINGS CORP 1
20071105 749318101 RCCH 11500 RCC HOLDINGS CORP 1
20071106 749318101 RCCH 21500 RCC HOLDINGS CORP 1
20071106 749318101 RCCH 21500 RCC HOLDINGS CORP 1
20071107 749318101 RCCH 21500 RCC HOLDINGS CORP 1
20071107 749318101 RCCH 21500 RCC HOLDINGS CORP 1
20071108 749318101 RCCH 21500 RCC HOLDINGS CORP 1
20071108 749318101 RCCH 21500 RCC HOLDINGS CORP 1
20071109 749318101 RCCH 21500 RCC HOLDINGS CORP 1
20071109 749318101 RCCH 21500 RCC HOLDINGS CORP 1
20071113 749318101 RCCH 21500 RCC HOLDINGS CORP 1
20071113 749318101 RCCH 21500 RCC HOLDINGS CORP 1
20071114 749318101 RCCH 21500 RCC HOLDINGS CORP 1
20071114 749318101 RCCH 21500 RCC HOLDINGS CORP 1
20071115 749318101 RCCH 21500 RCC HOLDINGS CORP 1
20071115 749318101 RCCH 21500 RCC HOLDINGS CORP 1
20071116 749318101 RCCH 21500 RCC HOLDINGS CORP 1
20071116 749318101 RCCH 21500 RCC HOLDINGS CORP 1
20071119 749318101 RCCH 21500 RCC HOLDINGS CORP 1
20071119 749318101 RCCH 21500 RCC HOLDINGS CORP 1
20071120 749318101 RCCH 21500 RCC HOLDINGS CORP 1
20071120 749318101 RCCH 21500 RCC HOLDINGS CORP 1
20071121 749318101 RCCH 21500 RCC HOLDINGS CORP 1
20071121 749318101 RCCH 21500 RCC HOLDINGS CORP 1
20071123 749318101 RCCH 11500 RCC HOLDINGS CORP 1
20071123 749318101 RCCH 11500 RCC HOLDINGS CORP 1
20071126 749318101 RCCH 11500 RCC HOLDINGS CORP 1
20071126 749318101 RCCH 11500 RCC HOLDINGS CORP 1
20071127 749318101 RCCH 11500 RCC HOLDINGS CORP 1
20071127 749318101 RCCH 11500 RCC HOLDINGS CORP 1
20071128 749318101 RCCH 11500 RCC HOLDINGS CORP 1
20071128 749318101 RCCH 11500 RCC HOLDINGS CORP 1
20071129 749318101 RCCH 11500 RCC HOLDINGS CORP 1
20071129 749318101 RCCH 11500 RCC HOLDINGS CORP 1
20071130 749318101 RCCH 11500 RCC HOLDINGS CORP 1
20071130 749318101 RCCH 11500 RCC HOLDINGS CORP 1
20071203 749318101 RCCH 227500 RCC HOLDINGS CORP 1
20071203 749318101 RCCH 227500 RCC HOLDINGS CORP 1
20071204 749318101 RCCH 337500 RCC HOLDINGS CORP 1
20071204 749318101 RCCH 337500 RCC HOLDINGS CORP 1
20071205 749318101 RCCH 337500 RCC HOLDINGS CORP 1
20071205 749318101 RCCH 337500 RCC HOLDINGS CORP 1
20071206 749318101 RCCH 337500 RCC HOLDINGS CORP 1
20071206 749318101 RCCH 337500 RCC HOLDINGS CORP 1
20071207 749318101 RCCH 464500 RCC HOLDINGS CORP 1
20071207 749318101 RCCH 464500 RCC HOLDINGS CORP 1
20071210 749318101 RCCH 639500 RCC HOLDINGS CORP 1
20071210 749318101 RCCH 639500 RCC HOLDINGS CORP 1
20071211 749318101 RCCH 829500 RCC HOLDINGS CORP 1
20071211 749318101 RCCH 829500 RCC HOLDINGS CORP 1
20071212 749318101 RCCH 829500 RCC HOLDINGS CORP 1
20071212 749318101 RCCH 829500 RCC HOLDINGS CORP 1
20071213 749318101 RCCH 829500 RCC HOLDINGS CORP 1
20071213 749318101 RCCH 829500 RCC HOLDINGS CORP 1
20071214 749318101 RCCH 829500 RCC HOLDINGS CORP 1
20071214 749318101 RCCH 829500 RCC HOLDINGS CORP 1
20071217 749318101 RCCH 829500 RCC HOLDINGS CORP 1
20071217 749318101 RCCH 829500 RCC HOLDINGS CORP 1
20071218 749318101 RCCH 727500 RCC HOLDINGS CORP 1
20071218 749318101 RCCH 727500 RCC HOLDINGS CORP 1
20071219 749318101 RCCH 200000 RCC HOLDINGS CORP 1
20071219 749318101 RCCH 200000 RCC HOLDINGS CORP 1
20071220 749318101 RCCH 200000 RCC HOLDINGS CORP 1
20071220 749318101 RCCH 200000 RCC HOLDINGS CORP 1
20071231 749318101 RCCH 65000 RCC HOLDINGS CORP 1
20071231 749318101 RCCH 65000 RCC HOLDINGS CORP 1
20080108 749318101 RCCH 100000 RCC HOLDINGS CORP 1
20080108 749318101 RCCH 100000 RCC HOLDINGS CORP 1
20080110 749318101 RCCH 30000 RCC HOLDINGS CORP 1
20080110 749318101 RCCH 30000 RCC HOLDINGS CORP 1
20080111 749318101 RCCH 30000 RCC HOLDINGS CORP 1
20080111 749318101 RCCH 30000 RCC HOLDINGS CORP 1
20080114 749318101 RCCH 30000 RCC HOLDINGS CORP 1
20080114 749318101 RCCH 30000 RCC HOLDINGS CORP 1
20080115 749318101 RCCH 30000 RCC HOLDINGS CORP 1
20080115 749318101 RCCH 30000 RCC HOLDINGS CORP 1
20080122 749318101 RCCH 30000 RCC HOLDINGS CORP 1
20080122 749318101 RCCH 30000 RCC HOLDINGS CORP 1
20080123 749318101 RCCH 30000 RCC HOLDINGS CORP 0.01
20080123 749318101 RCCH 30000 RCC HOLDINGS CORP 0.01
20080124 749318101 RCCH 30000 RCC HOLDINGS CORP 0.02
20080124 749318101 RCCH 30000 RCC HOLDINGS CORP 0.02
20080125 749318101 RCCH 30000 RCC HOLDINGS CORP 0.02
20080125 749318101 RCCH 30000 RCC HOLDINGS CORP 0.02
20080128 749318101 RCCH 30000 RCC HOLDINGS CORP 0.02
20080128 749318101 RCCH 30000 RCC HOLDINGS CORP 0.02
20080129 749318101 RCCH 30000 RCC HOLDINGS CORP 0.02
20080129 749318101 RCCH 30000 RCC HOLDINGS CORP 0.02
20080130 749318101 RCCH 30000 RCC HOLDINGS CORP 0.02
20080130 749318101 RCCH 30000 RCC HOLDINGS CORP 0.02
20080131 749318101 RCCH 65000 RCC HOLDINGS CORP 0.02
20080131 749318101 RCCH 65000 RCC HOLDINGS CORP 0.02
20080201 749318101 RCCH 30000 RCC HOLDINGS CORP 0.02
20080201 749318101 RCCH 30000 RCC HOLDINGS CORP 0.02
20080204 749318101 RCCH 44686 RCC HOLDINGS CORP 0.01
20080204 749318101 RCCH 44686 RCC HOLDINGS CORP 0.01
20080205 749318101 RCCH 49686 RCC HOLDINGS CORP 0.01
20080205 749318101 RCCH 49686 RCC HOLDINGS CORP 0.01
20080206 749318101 RCCH 30000 RCC HOLDINGS CORP 0.01
20080206 749318101 RCCH 30000 RCC HOLDINGS CORP 0.01
20080207 749318101 RCCH 30000 RCC HOLDINGS CORP 0.02
20080207 749318101 RCCH 30000 RCC HOLDINGS CORP 0.02
20080208 749318101 RCCH 30000 RCC HOLDINGS CORP 0.01
20080208 749318101 RCCH 30000 RCC HOLDINGS CORP 0.01
20080211 749318101 RCCH 30000 RCC HOLDINGS CORP 0.05
20080211 749318101 RCCH 30000 RCC HOLDINGS CORP 0.05
20080213 749318101 RCCH 23171 RCC HOLDINGS CORP 0.01
20080213 749318101 RCCH 23171 RCC HOLDINGS CORP 0.01
20080227 749318101 RCCH 18638 RCC HOLDINGS CORP 0.02
20080227 749318101 RCCH 18638 RCC HOLDINGS CORP 0.02
20080306 749318101 RCCH 15050 RCC HOLDINGS CORP 0.02
20080306 749318101 RCCH 15050 RCC HOLDINGS CORP 0.02
20080311 749318101 RCCH 11008 RCC HOLDINGS CORP 0.01
20080311 749318101 RCCH 11008 RCC HOLDINGS CORP 0.01
20080325 749318101 RCCH 118946 RCC HOLDINGS CORP 1
20080325 749318101 RCCH 118946 RCC HOLDINGS CORP 1
20080326 749318101 RCCH 55699 RCC HOLDINGS CORP 1
20080326 749318101 RCCH 55699 RCC HOLDINGS CORP 1
20080328 749318101 RCCH 14287 RCC HOLDINGS CORP 1
20080328 749318101 RCCH 14287 RCC HOLDINGS CORP 1
20080331 749318101 RCCH 12849 RCC HOLDINGS CORP 1
20080331 749318101 RCCH 12849 RCC HOLDINGS CORP 1
20080401 749318101 RCCH 1941045 RCC HOLDINGS CORP 1
20080401 749318101 RCCH 1941045 RCC HOLDINGS CORP 1
20080402 749318101 RCCH 904995 RCC HOLDINGS CORP 1
20080402 749318101 RCCH 904995 RCC HOLDINGS CORP 1
20080403 749318101 RCCH 971912 RCC HOLDINGS CORP 1
20080403 749318101 RCCH 971912 RCC HOLDINGS CORP 1
20080404 749318101 RCCH 963489 RCC HOLDINGS CORP 1
20080404 749318101 RCCH 963489 RCC HOLDINGS CORP 1
20080407 749318101 RCCH 843489 RCC HOLDINGS CORP 0.02
20080407 749318101 RCCH 843489 RCC HOLDINGS CORP 0.02
20080408 749318101 RCCH 643489 RCC HOLDINGS CORP 0.02
20080408 749318101 RCCH 643489 RCC HOLDINGS CORP 0.02
20080409 749318101 RCCH 174544 RCC HOLDINGS CORP 0.02
20080409 749318101 RCCH 174544 RCC HOLDINGS CORP 0.02
20080410 749318101 RCCH 95600 RCC HOLDINGS CORP 0.02
20080410 749318101 RCCH 95600 RCC HOLDINGS CORP 0.02
20080411 749318101 RCCH 20094 RCC HOLDINGS CORP 0.02
20080411 749318101 RCCH 20094 RCC HOLDINGS CORP 0.02
20080414 749318101 RCCH 54594 RCC HOLDINGS CORP 0.02
20080414 749318101 RCCH 54594 RCC HOLDINGS CORP 0.02
20080415 749318101 RCCH 58805 RCC HOLDINGS CORP 0.02
20080415 749318101 RCCH 58805 RCC HOLDINGS CORP 0.02
20080417 749318101 RCCH 55600 RCC HOLDINGS CORP 0.02
20080417 749318101 RCCH 55600 RCC HOLDINGS CORP 0.02
20080418 749318101 RCCH 62197 RCC HOLDINGS CORP 0.01
20080418 749318101 RCCH 62197 RCC HOLDINGS CORP 0.01
20080421 749318101 RCCH 77092 RCC HOLDINGS CORP 0.01
20080421 749318101 RCCH 77092 RCC HOLDINGS CORP 0.01
20080422 749318101 RCCH 417090 RCC HOLDINGS CORP 1
20080422 749318101 RCCH 417090 RCC HOLDINGS CORP 1
20080424 749318101 RCCH 18360 RCC HOLDINGS CORP 1
20080424 749318101 RCCH 18360 RCC HOLDINGS CORP 1
20080425 749318101 RCCH 638161 RCC HOLDINGS CORP 1
20080425 749318101 RCCH 638161 RCC HOLDINGS CORP 1
20080428 749318101 RCCH 25100 RCC HOLDINGS CORP 1
20080428 749318101 RCCH 25100 RCC HOLDINGS CORP 1
20080429 749318101 RCCH 25100 RCC HOLDINGS CORP 1
20080429 749318101 RCCH 25100 RCC HOLDINGS CORP 1
20080430 749318101 RCCH 56085 RCC HOLDINGS CORP 1
20080430 749318101 RCCH 56085 RCC HOLDINGS CORP 1
20080501 749318101 RCCH 308585 RCC HOLDINGS CORP 1
20080501 749318101 RCCH 308585 RCC HOLDINGS CORP 1
20080508 749318101 RCCH 71634 RCC HOLDINGS CORP 1
20080508 749318101 RCCH 71634 RCC HOLDINGS CORP 1
20080509 749318101 RCCH 158701 RCC HOLDINGS CORP 1
20080509 749318101 RCCH 158701 RCC HOLDINGS CORP 1
20080512 749318101 RCCH 505278 RCC HOLDINGS CORP 1
20080512 749318101 RCCH 505278 RCC HOLDINGS CORP 1
20080514 749318101 RCCH 25201 RCC HOLDINGS CORP 1
20080514 749318101 RCCH 25201 RCC HOLDINGS CORP 1
20080515 749318101 RCCH 22700 RCC HOLDINGS CORP 1
20080515 749318101 RCCH 22700 RCC HOLDINGS CORP 1
20080516 749318101 RCCH 42943 RCC HOLDINGS CORP 1
20080516 749318101 RCCH 42943 RCC HOLDINGS CORP 1
20080519 749318101 RCCH 31314 RCC HOLDINGS CORP 1
20080519 749318101 RCCH 31314 RCC HOLDINGS CORP 1
20080520 749318101 RCCH 26071 RCC HOLDINGS CORP 1
20080520 749318101 RCCH 26071 RCC HOLDINGS CORP 1
20080521 749318101 RCCH 23071 RCC HOLDINGS CORP 1
20080521 749318101 RCCH 23071 RCC HOLDINGS CORP 1
20080522 749318101 RCCH 23071 RCC HOLDINGS CORP 1
20080522 749318101 RCCH 23071 RCC HOLDINGS CORP 1
20080523 749318101 RCCH 23467 RCC HOLDINGS CORP 1
20080523 749318101 RCCH 23467 RCC HOLDINGS CORP 1
20080527 749318101 RCCH 442146 RCC HOLDINGS CORP 1
20080527 749318101 RCCH 442146 RCC HOLDINGS CORP 1
20080528 749318101 RCCH 94822 RCC HOLDINGS CORP 1
20080528 749318101 RCCH 94822 RCC HOLDINGS CORP 1
20080530 749318101 RCCH 119855 RCC HOLDINGS CORP 1
20080530 749318101 RCCH 119855 RCC HOLDINGS CORP 1
20080602 749318101 RCCH 119855 RCC HOLDINGS CORP 1
20080602 749318101 RCCH 119855 RCC HOLDINGS CORP 1
20080603 749318101 RCCH 119855 RCC HOLDINGS CORP 1
20080603 749318101 RCCH 119855 RCC HOLDINGS CORP 1
20080604 749318101 RCCH 528938 RCC HOLDINGS CORP 1
20080604 749318101 RCCH 528938 RCC HOLDINGS CORP 1
20080605 749318101 RCCH 1389855 RCC HOLDINGS CORP 1
20080605 749318101 RCCH 1389855 RCC HOLDINGS CORP 1
20080606 749318101 RCCH 77987 RCC HOLDINGS CORP 1
20080606 749318101 RCCH 77987 RCC HOLDINGS CORP 1
20080609 749318101 RCCH 98878 RCC HOLDINGS CORP 1
20080609 749318101 RCCH 98878 RCC HOLDINGS CORP 1
20080610 749318101 RCCH 30878 RCC HOLDINGS CORP 1
20080610 749318101 RCCH 30878 RCC HOLDINGS CORP 1
20080613 749318101 RCCH 7996485 RCC HOLDINGS CORP 1
20080613 749318101 RCCH 7996485 RCC HOLDINGS CORP 1
20080616 749318101 RCCH 14096008 RCC HOLDINGS CORP 1
20080616 749318101 RCCH 14096008 RCC HOLDINGS CORP 1
20080617 749318101 RCCH 4106008 RCC HOLDINGS CORP 1
20080617 749318101 RCCH 4106008 RCC HOLDINGS CORP 1
20080618 749318101 RCCH 12585057 RCC HOLDINGS CORP 1
20080618 749318101 RCCH 12585057 RCC HOLDINGS CORP 1
20080624 749318101 RCCH 10569 RCC HOLDINGS CORP 1
20080624 749318101 RCCH 10569 RCC HOLDINGS CORP 1
20080625 749318101 RCCH 2091512 RCC HOLDINGS CORP 1
20080625 749318101 RCCH 2091512 RCC HOLDINGS CORP 1
20080626 749318101 RCCH 4371525 RCC HOLDINGS CORP 1
20080626 749318101 RCCH 4371525 RCC HOLDINGS CORP 1
20080627 749318101 RCCH 4896525 RCC HOLDINGS CORP 1
20080627 749318101 RCCH 4896525 RCC HOLDINGS CORP 1
20080630 749318101 RCCH 6593665 RCC HOLDINGS CORP 1
20080630 749318101 RCCH 6593665 RCC HOLDINGS CORP 1
20080701 749318101 RCCH 14800 RCC HOLDINGS CORP 1
20080702 749318101 RCCH 14800 RCC HOLDINGS CORP 1
20080707 749318101 RCCH 382342 RCC HOLDINGS CORP 1
20080708 749318101 RCCH 1222342 RCC HOLDINGS CORP 1
20080709 749318101 RCCH 1584342 RCC HOLDINGS CORP 1
20080710 749318101 RCCH 2282342 RCC HOLDINGS CORP 1
20080711 749318101 RCCH 2411380 RCC HOLDINGS CORP 1
20080714 749318101 RCCH 5700487 RCC HOLDINGS CORP 1
20080715 749318101 RCCH 12075125 RCC HOLDINGS CORP 1
20080716 749318101 RCCH 13943487 RCC HOLDINGS CORP 1
20080717 749318101 RCCH 18559737 RCC HOLDINGS CORP 1
20080718 749318101 RCCH 18559737 RCC HOLDINGS CORP 1
20080721 749318101 RCCH 22229737 RCC HOLDINGS CORP 1
20080804 749318101 RCCH 596495 RCC HOLDINGS CORP 1
20080805 749318101 RCCH 1575689 RCC HOLDINGS CORP 1
20080806 749318101 RCCH 3807906 RCC HOLDINGS CORP 1
20080807 749318101 RCCH 3375000 RCC HOLDINGS CORP 1
20080808 749318101 RCCH 6990000 RCC HOLDINGS CORP 1
20080811 749318101 RCCH 14781046 RCC HOLDINGS CORP 1
20080812 749318101 RCCH 18941000 RCC HOLDINGS CORP 1
20080813 749318101 RCCH 20841000 RCC HOLDINGS CORP 1
20080814 749318101 RCCH 22791000 RCC HOLDINGS CORP 1
20080815 749318101 RCCH 27000000 RCC HOLDINGS CORP 1
20080818 749318101 RCCH 29788585 RCC HOLDINGS CORP 1
20080819 749318101 RCCH 35001495 RCC HOLDINGS CORP 1
20080820 749318101 RCCH 35000000 RCC HOLDINGS CORP 1
20080905 749318101 RCCH 5602776 RCC HOLDINGS CORP 1
20080909 749318101 RCCH 820000 RCC HOLDINGS CORP 1
20080910 749318101 RCCH 14634995 RCC HOLDINGS CORP 1
20080925 749318101 RCCH 2481772 RCC HOLDINGS CORP 1
20080930 749318101 RCCH 15384666 RCC HOLDINGS CORP 1
I agree camper9,
could be a significant rush of companies moving over, DTCC will not want their records looked at, but the light of day should shine on those hidden books and reveal the true extent of naked shorting.
I bet they (the DTCC) do NOT want that to happen, especially with Energy Source, lol~
camper9,
by chance did those saviours that recommended you to sell RCCH at a specific pps show you their brokerage credentials? Afterall, if they are dispensing investment advice in a public forum such as this they have to be qualified to do it! If not, they are breaking the law, lol~
Save those posts and pms ;)
nice stuff mastaflash!
did you see this awhile back?!?!
DTCC will have competition for clearing, just imagine if Energy Source signs up there and gives the finger to the DTCC, lol!
Nasdaq OMX aims to cut US trading costs with clearing service
Published on October 15, 2008.
Exchange group Nasdaq OMX is planning to launch a US equities clearing and settlement service next year, pitting it against the Depository Trust & Clearing Corporation (DTCC) and introducing competition into the post-trade space for US equities. The group expects the new service to launch by mid 2009, with testing beginning in Q1.
Nasdaq OMX acquired the Boston Stock Exchange Clearing Corporation (BSECC), a registered clearing agency, when it bought the Boston Stock Exchange on 29 August. It plans to rename the unit Nasdaq Clearing Corporation (NCC) and file updated rules with the US Securities and Exchange Commission to operate NCC as an equities clearing agency.
The new service will provide continuous net settlement, act as a central counterparty to guarantee trades, and link to the US Depository Trust Company (DTC) and settling banks.
“Nasdaq OMX intends to lower the total cost of trading by driving efficiencies in US equities clearance and settlement,” the group said in a trader alert posted on its nasdaqtrader.com site. It argued that the existing single-agency model has no competition to drive cost efficiency.
Nasdaq OMX plans to compete on pricing, service and innovation with NCC. The new service will offer reduced, transparent pricing to allow for accurate forecasting. The group also said the service will reduce the complexities of clearing and provide the opportunity to shrink expenses in related operations.
The exchange group will use its INET technology to process all the core functions of NCC’s offering. It also stressed that the service is open to all on an equal basis. Membership or market centre of execution will not count for or against a participant with regards to access or pricing. “Nasdaq OMX expects the introduction of competition to make trading US equities less expensive on all venues, including Nasdaq OMX exchanges,” the firm said.
I like the sound of that, lol!~eom
I don't see it that way bag8ger,
sounds like an opportunity at the right time was jumped on, now that a bailout for that industry has been established in the US, it should reap rewards far beyond the cost to aquire it in the coming months/years, imo~
thanks workerturnedtrader,
that is a possibility I didn't consider~
trent777,
the new aquisitions were most likely included as "pending" when the audit was completed, so they should have no effect on the exchange giving the 'thumbs-up' to RCCH uplisitng imo.
As long as they met the requirements initially when the audit was presented, then anything afterwards would be considered as the normal course of a growing business and therefore wouldn't be a hindrance to uplisting, in other words they would have no detrimental effect on the process.
The timeframe we are waiting thru is normal as far a I can tell, just need the exchange to put out the pr and give us the official cutover date.
that's the best part ditch72,
once the cutover is announced and the exchange puts out the pr, game over for shorts, they have to pay what we want for our shares.
I might even call ST and NITE up and offer them a whole bunch of shares for a few bucks a piece after the audit comes out, lol!
TwinTurbo,
in that scenario the only way to get the spin off shares would be to buy RCCH shares, or buy the IWS shares on the new exchange for the uplisted pps, so either way they would have to buy (cover) the shares, there's no getting around it........
Of course, there is always a 'cutoff' or 'ex-divi' date they have to be bought (covered) by, so the buy pressure WILL be there, lol~
It's a Catch-22 TT, and we have what they need, the only place to get it is from us shareholders, since the company is not selling shares ;)
they won't call me TT......
my gtc's are already in, so they know what I want, lol!!!
banchrima,
one real good advantage if you hold your stock in cert form is when a divi of some sort is issued, such as a cash or stock, the dividend gets mailed directly to you, not your broker, so if your broker is short the stock they cannot stall the delivery of the divi, as they have no part in your holdings at the time, and the company sends it to you as you are one of the first in line after the prefered stock holders if there are any~
If it's a cash divi you get a check based on the amount of shares times the rate of the divi, and if it's shares you then get a cert delivered to you~
One thing about it, you don't miss the divi, like what happens with some brokers I've dealt with who somehow get out of delivering whatever the divi was/is.
kramrer,
I got a couple delivered two weeks ago that didn't cost me a cent, different situation as it was restricted stock.
But anyways, I'm thinking of pulling a bunch of my RCCH in a cert just to help shorty out a bit, one good turn deserves another, and my broker isn't short RCCH at all, unlike ST and ET, lol!
getting a cert is an easy process,
it's not difficult at all, no matter what the FUD'sters are saying here lately.
Your broker should get it to you in 5-7 days sometimes up to two weeks (if not, get a lawyer or contact your State Securities AG, it's free) you then put it someplace secure, such as a safe or safety deposit box. When you want to deposit it back into a brokerage account, you mail it certified/registered/insured to your broker of choice. They then turn into the TA and then within 5-7 days upon verification of legitimacy you will then be able to sell it or leave it in your brokerage account.
Simple process that just takes a few days each way, unless your broker is short the stock then they will say, "we'll get your cert in 4-6 weeks", at which point you need to demand delivery, with the help of your State AG.
Brokers have different fees for pulling a cert, from 50-100 bucks, call first to find out, imo~
As far as the excuse of you can't sell it quickly, I see no need to worry about that once the audit is out, the book value of the stock will be known and it won't trade under that at all, imo. This could have legs for months to come when they start putting out the news that has been held back..........
let the SEC know what you think about NITE:
enforcement@sec.gov
all this churning of shares at the bid just has to be illegal, imo~
here's a few,
London:
http://www.londonstockexchange.com/en-gb/
Toronto:
http://www.tsx.com/
Singapore:
http://www.ses.com.sg/
Hong Kong:
http://www.hkex.com.hk/index.htm
Australia:
http://www.asx.com.au/
NewbieAtThis,
it could happen anytime between now and then, imo~
I'd be happy to see any official pr with more details the better, asap, lol!
Sounds like the exchange will be putting the pr out, and they all open at different times, so that's why I'm checking a bunch of them from here on out.
One of these days..................
don't know dale w,
so I've been using different variations of RCCH/IWS, the LSE site has "Recent Listings" and "New Listings" for tabs, so I've been checking all of the choices on there and you can see the company officers, so Newton and/or Smith should show up if it goes to the LSE.
Don't know where else to look until the actual exchange puts out the pr we want to see, lol~
been checking the different
exchanges around the world today for new listings, so far RCCH/IWS hasn't shown up yet. Searched these exchanges:
Australia
Canada
Hong Kong
London
Tokyo
Singapore
plus the US ones too just for fun~
Looking forward to when whichever exchange puts out the pr giving us the goods, lol!
maybe we show up here this week:
http://www.londonstockexchange.com/en-gb/about/Newsroom/newissues.htm
yes it can TT,
and to follow up on my previous post, after doing some digging..........
I'm wondering if the company is just going to dual list 'temporarily', meaning they get accepted on the new exchange, but don't trade right off, then a cutover is announced here, and the short gets 'bought-in' as it's supposed to by a certain announced date, then trades on the new exchange exclusively for awhile. If all goes well then Newton and the Board of Directors could then decide if they want to list as an ADR here down the road for more exposure~
lalapalu,
yes it does make sense, as most brokers have trading desks on all the major exchanges around the world.
They are refering to a 'dual listing' where the stock is listed here on a US exchange and elsewhere, a lot of stocks do this and is not unusual.
Whether RCCH does this remains to be seen though~
TT,
if they still haven't covered by the time it uplists, then they get to pay a higher price on the new exchange, and there is no getting out of it, period.
I still haven't gotten a concrete answer about notification timeline, just that the brokers have to be notified at some point, my thoughts were they would have 10-13 days to cover as they normally do, but this talk of uplist to new exchange overnight with no cutover date doesn't make much legal sense.
Of course, we could see the new exchange pr accepting the company to their exchange, then a couple weeks of trading still here on the pinks while they get the shares they need to cover, whcih would drive the price way up imo during that time. If the cutover date is announced that would be the final day on the pinks, and the day when all short positions would have to be reconciled by, else they get to pay the piper in merry old London town, lol~
ditch72,
I did that today, lol~
Schwab says no problem at all placing a trade on the LSE, the fees might be more, but they have a trading desk there and can route the order easily fwiw.
I think the word has gone out......
just got off the phone with a friend who put a buy order in this AM at the ask of .0002 thru optionsxpress, and he came home and found they only filled him a partial of 100k shares, he didn't have AON on the order either, so for some reason his broker couldn't get more shares during the course of the day fwiw~
Things that make you go hmmmmmm................