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Former shareholder who took a licking because of an unfounded belief in Gene's statements. He has really toned it down in the last 6 months but for quite awhile he made some outrageous statements about the progress of IWS and RCCH. None of it came to pass.
I would buy some shares if he would quit dumping them for .0001
day after day. At some point that game has to end and usually it is the shareholder who takes the hit.
Yeah, I know bumpy. Good job I was talking to your partner who went with you.
Digger. IMO RCCH is too young a company to go to an international exchange. They would not appear to have any history of profitable business. You have your shares cheap
and there is the hope you can skim out a profit somewhere along the line but if it doesn't happen you won't lose anything.
I missed your answer Trent sorry.
I am looking for an excuse to buy.....can it go any lower for me or is this it?
Based on what you are waiting for you know virtually nothing about the company and yet you want people to believe they are making money. LOL. That is your opinion only and you have
nothing to back it up. At .0001 you won't have to prove it but at higher levels you will.
Thats the whole point mm107. There is NO PROOF that rcch is profitable. NO claims of profitability by PR and certainly no filings to go on. You are taking the position that RCCH is profitable because you want to believe they are and this is the cornerstone of your beliefs around that premise and is really risky.
If RCCH had any revenues which they actually claimed then I
wouldn't say they were selling shares to pay operating expenses. Knowing Gene as I do he would be the first to say
that they had made money and he has been silent on that subject. Heck that is the main point of being in business
and its what real companies talk about on a quarterly basis.
Well no one can tell by a couple of visits to a front office of EZEE if they are doing "alot" of business or not. Maybe
they can make a go of it. At this point we don't know until
Gene comes out with the facts and that could take awhile. For all we know they could be losing money on a monthly basis right now. Just because they have 12 employees doesn't mean they are profitable nor does an expansion to two other cities although such a move would look promising if it really happens.
Thanks for pointing out that Gene has the power to increase the A/S. The point is why did he do it and then change his
mind. Its not like he thought about doing it,,,,he actually did do it. None of us know what was behind that move and I
haven't heard anyone offer an explanation from Gene. But we
have established one truth, he can raise it at any time without explanation or shareholder approval.
You keep saying they were "invited to the exchange" and you place alot of weight on that supposition. What have you done to convince yourself and this board that this is a true and
factual statement? That is not DD when you have a second hand statement from someone in contact with the CEO and there could
be many explanations and understandings derived. But to just
say "THEY ARE INVITED" like saying EZZE has $24,000,000 in rev's per quarter. You can say whatever you like I guess but
don't hide behind the 100% Verifiable Info when you mix these things in with real DD.
Well how many flippers are there playing $5K (50M) who want to ride it for a week or two and then bail at what they paid for them. Some churning also comes when it runs to .0002.
I think it is extremely suspicious that Gene raised the A/S to
10B and then dropped it back to 5B. I cannot speculate as to why he may have done that but obviously he had second thoughts.
There is always the chance that he exceeds the 5B A/S and takes his chances with it but that is risky but not unheard of.
Then he could be close to the 5B and back off but you can bet
he will be back for more if he needs working capital. He may
have good intentions but no choice in the matter.
I don't think RCCH is a scam. Just a company trying to scratch out a living as best they can given what they have to work with.
Gene is going to need a huge Investor Relations campaign in place if he gets to a foreign exchange to get their attention
over there.
You see people everyday posting that they were buying shares so obviously they are getting them from a share pool. It could be people who want out, and it could be RCCH but there is no way they are NSS or air shares....that defies all logic.
Since it makes no sense to sell airshares for .0001 when you
probably can't buy them cheaper that argument holds no water.
If the TA weren't gagged then you could see what is going on
but that option was closed by Gene. So you find yourselves
in the position of trying to explain away how a company with no reported revenues is keeping its doors open and a massive supply of cheap shares available each day at .0001. Also, the
shares of this board have not proven to be air shares and can
be sold without difficulty or complication.
Yes, you can take your chances on an international exchange and hope that the story is better received there but those folks are going to want to see revenue results on a timely basis. A story alone won't work if you are expecting people to pay a $1 a share. It does work when you can get people
picking up cheapies at .0001 and thinking that somehow they
have found a seriously undervalued stock. I see alot of buyers at .0001 but when it goes to .0002 the interest fades fast. Ever wonder why? Then imagin who in a foreign country is going to want to lay out some serious money for this story
and buy your shares from you at higher prices than you paid.
There has to be a real good reason and you are betting that
the sizzle on this stock will bring in fresh money. It might just get onto a foreign exchange and die there the way things have been going the last 18 mos. or so.
And if somehow RCCH actually qualifies for an intl board you will still have Gene to contend with as he will need to sell shares there for working capital until IWS turns some contracts into cash. EZZE is an unknown quanity without any revenue projection from management so I don't consider them
a factor at this time.
Why do you say that no one was selling when obviously someone
(IE RCCH) has to supply those shares that everyone is accumulating down here. So far I have not heard anyone say they had a problem selling their shares or that they were "air" shares or somehow illegal. Heck we had a guy today who just bot 4M and dumped them a couple of days later and then rebot them again. Did he somehow magically avoid the air share phenomena? If we had a bunch of people posting they were having problems with test sells and so on then I could see your point but as it is there is no evidence that all the shares being held by the RCCH investors aren't legitimate.
Well we really don't know if the accumulation has overwhelmed the shorters. You guys are saying that it has not and there is still a short position to cover. I am saying the shorters
have already closed their positions with all this volume you have been seeing and the only reason your pps isn't higher with all the buying is because of a massive number of shares
dumped into the market at .0001.
My take on it is that if you could have somehow tied Gene's
hands back in July and prevented him from selling shares then you would be back in the .0025 range where this was with some reliability. As it is Durkk I think the bad guy in all this is Gene but you cannot blame him for raising working capital by selling shares to obtain money for overhead....thats whatthey do with fledgling companies.
Hope it works out for you Durkk....would like to see you make a killing but I am not sure this stock is going to get you there.
Any real shorters could have covered at any time once the pps went into a free-fall. I am not saying that there has never
been those who shorted this stock at some point but I think once it got to .0025 or something there was a lack of interest.
I saw the pps decline from that level over several months....back and forth and up and down but generally in a downward spiral. The billions of shares traded was a new
phenomena which started in August 08 right after the TA was
gagged. The PPS subsequently collapsed. It is exactly what you would expect to see if Gene was raising working capital.
A decline in the PPS due to dilution.
If I am right as I expect I am there will be no NSS position to cover in the days ahead because it doesn't exist. I would like to give you the benefit of the doubt but no one can convince me that any securities professional would short an
.0001 stock for any financial reason. There is always a time
when any short covers and that time has been the last couple of months when the shares were available at the lowest price
they could ever reach. Someone was wondering who was buying
all the 1's if it wasn't retail? Well guess what it could
be those nasty shorters closing out their positions and leaving you all to hold the bag.
Even if you can tie EZZE with RCCH with DD no one has any idea if this company is making any money or not. There have been no PR's from Gene establishing any money was made by any sub
he may control in 2008. Since there is no mention of any subsidiary except IWS and EZZE in his PR's in the last 18 mos. I think it is safe to say that this is all there is to the company.
I find it interesting that since Gene took control of IWS there has not been one reported construction project that has
been completed and PR'd or even claimed by emails etc. In other words zero revenues from IWS. The Montana and Idaho
projects that are frequently referenced were completed by the
old management before Gene's time.
I am not saying that IWS cannot perform at some point in time but since Gene took over they have yet to show they can make
any money on their contracts. EZZE might work out too but as of now no one knows if that business will work out or not and
certainly no estimates of income have even been made by mgmt.
But the shorting game is played to make the difference between the price sold at and what it is replaced with. Seems logical that any shorters would simply have covered in the past few months at .0001 as there were billions of 1's to be had. It
would make no sense to artifically hold down a pps on a stock
when you can cover and be out of the trade at the rock bottom.
I think you need to come up with another reason as to why there would be any shorted shares left in the RCCH story.
If your pps was still .0005 or something I could see that shorters would stay with an open position hoping it would drop further before they covered but RCCH has been in the 1's for
quite awhile with large volume giving them a chance to scoot.
It really makes no sense that anyone would sell air shares for .0001. Logic says it is RCCH doing it because they need
the money like all the other .0001 stocks out there. Every time the pps goes to .0002/3 there is a new flood of .0001
shares again day after day.
I have seen no convincing argument that anyone outside of
RCCH is selling these 1's on the market. If that was not
happening you could be at .0005 or something as there is quite abit of interest in the story.
Wow I am impressed. You visited the RCCH/EZZE HQ a few times
and were able to discern that the corporation was solvent and making money and had no need to dilute. I am sure your observations make anyone who was concerned about the billions of shares traded at .0001 feel much better. Why does Gene need an auditor, etc. with you there to instantly dissect their business condition from a mere look see? LOL
Lets see if I understand this NSS business. Billions of shares were sold by the shorters for .0001 to investors and
they expect to make a profit somehow. But to confuse the issue they never cover but just trade shares back and forth
for the fun of it. So they never make any money on these
activities and do it because they are criminals and really
don't care about making a profit.
No one seems to ask the question who could gain anything on
endless .0001 shares? Obviously it is RCCH and they have given the shorters (if there ever were any) amble opportunity to cover at the lowest price they can get and for any quanity which they desire.
Some poster commented in his 100% verifiable DD report that
EZEE was generating $24,000,000 per quarter. Where did that
piece of data come from? Did I miss that PR or filing?
A lot of folks are relying on Gene Newton being truthful about not selling shares based on his unoffical comments to some
posters. He made these same comments from Jan.08-July08 before the TA was gagged and yet we saw a steady upward increase in the O/S during that time and he always got a lot of flack about it. Then he gagged the TA and the volumes increased dramatically. What has he done to earn your trust
that he is not selling....just curious.
Its been discussed endlessly about why Scottrade has a no buy position. Ultimately it simply doesn't matter when you are talking abouting something which affects just a few of us and
we could open up another brokerage account if it really mattered but it doesn't.
Discussion of other issues would prove more useful.
I guess the brokers have issues with RCCH but this has been going on for quite some time. There seem to be plenty of shares available lately at .0001 for any interested. For now people will buy them hoping for a miracle to take place.
Surviving for long with no revenues is unlikely if no one will buy stock from them to keep the doors open.
RCCH could then play the reverse spit card and see how that works out....it would buy them some more time and they may have no other choice before them. Its a total certainty that they need money from somewhere to keep the lights on.
Ok if you say so bag8ger. Did he tell you that? Trying to get to the source of the rumor if possible. Not saying he didn't say it but would like to kick it around a little.
Take care.
Do you recall how that statement concerning "he was invited"
ever came up? Is there any substance to the rumor. Not sure at this point if he even made such a statement.
Well its discouraging for many to see a "no bid" and an ask of
.0001. As long as the lotto players have some money to throw at it then Gene can continue in operation by selling shares
from the treasury. But eventually even that avenue of financing will dry up as people lose patience and conviction that their lotto ticket is a winner or could be one.
Be careful what you wish for dumar. If Newton starts pulling
restricted shares it means his tenative JV deals have fallen apart. And at this point No One Knows what is involved with
any restricted shares except Newton and he's not talking so
once again investors are staring into a black hole armed with
few facts to go on.
I have been following this stock since Dec. 07 and have yet to
see any claims that the company has made any money in this
enterprise. There are claims of contracts awarded, nice projections for income but none of this has been followed up
by any filings or PR's even which could give comfort to investors.
With each passing month I question how deep a hole has RCCH
dug for itself. What would ever intice a major international exchange to consider taking on such a company given the facts
we are aware of? Also you have to wonder what breed of investor would put out money for a stock with no proven revenues. Investors like to see profitable companies and from
what I have been able to see, read, do DD upon and talks with
the CEO on numerous occasions RCCH is a company with grand
designs but hasn't figured out how to make money yet in the
real world.
Well since we don't know the exchange involved there is no way to check out Newtons statement. As it is we have a general
statement without any specifics and then others voice the opinion that this explains the silence and the reluctance of
many skeptics to except such explanations especially from a triple zero-one pinky.
Some have suggested that the PPS would be arbitrarily set by
the new exchange but in truth there is no evidence that RCCH
is making any revenues whatsoever. We know that IWS hasn't
made any money or they would have PR'd it. Having a handful
of contracts awarded in the past means nothing if those projects cannot find funding to pay contractors such as ISW.
In this environment spec housing projects are not being funded
as they were prior to 2008. Newton was saying they would have revenues from IWS by June 2008 but that has not come to pass
or they would have PR'd it since obviously that issue is the
main key to a companies survival or failure.
IWS has potential but who knows how long it will take to ever start making money and the way they have been going I don't
think their presence is going to help an uplisting since they
offer no income streams. JMO.
How did it come from Gene Newton? There is no support for such a statement from him offically and so I take it as an
unsubstantiated rumor. One would think if it were true he would identify which exchange the target is and the fact that they were invited but there is only silence.
Where is the offical statement that any enity has an audited
financial statements from RCCH. You don't even know the targeted exchange and yet you say "they have the filings".
Fact is you don't know given Newtons lack of transparency.
I am saying that the CEO's word on anything cannot be relied upon based on past history. Where is the link saying they were "invited" to a higher board? Many people seem to believe
it but I must question why when there is no offical statement to that effect.
There is no proof that RCCH was invited to a higher exchange.
Please show the link which pertains. I think you will find that it is simply unsubstantiated word of mouth spawned on this message board.
Bottom line camper is he didn't deliver on anything.
Yes Ok stock explorer its an opinion. I read alot of opinions but I don't see any facts to back up the fundamentals these
opinions of future wealth are based on.
I am just saying take any profit you can wrangle out of this lotto play and don't be taken in by statements which paint the company in a favorable light that promise wealth if you hold
this security. Since Gene has been in control of IWS they have done nothing to translate value to shareholders.
Here ya go and then review those posts on the message board
from August and September. Sometime later someone injected into the conversation on the board about this usally taking 3 years and Newton was going to do it in one year. That was a
rumor which got started and is still kicking around.
http://ih.advfn.com/p.php?pid=nmona&cb=1232411343&article=26331197&symbol=NO%5ERCCH
But why kick this around when you have a statement from the CEO in an email from May that RCCH was worth $3.50 a share?
And here we are 8 months later and it is worth .0001. That
is a considerable credibility gap.
Look at the message board in August and September.
So Newton is moving to a higher profile international exchange with this type of history of not reporting income or share
structure?
He most likely cannot qualify for a higher exchange so I don't think he will need to change his behavior and the matra of having secrets doesn't play well to future investors.
He PR'd that in the very beginning. We had many posters who
were betting on dates of August and September if you go back and read the posts. The PPS fell after it didn't happen.
Key would being "projections" and nothing since on any actual
revenues or the status of projects PR'd in the spring of 2008
as bringing in rev's not later than July 2008. Didn't happen.
To have any value a company needs to be making revenues and
Gene Newton has not PR'd that they have had any for the past
18 months. So how are they paying the bills?
I think it is fairly obvious that the shareholders who have been buying the stock are meeting their cash flow needs so far as demonstrated by all the signs of dilution which are apparent.
Its what most of the penny stocks do but at least some of them
do have revenues which they PR. This stock has zero in the way of PR rev's. The market agrees with my view and is why you are at the very bottom of the PPS chain. This is a process which has been going on since 2007 and over that
period of time Newton has not delivered on his projections or
promises.
I have yet to hear one logical explanation of how RCCH is supposed to qualify for an uplisting to a "higher" international exchange based on their condition and PPS.
Some claim IWS is worth money but how can that be when they
have failed to put one system in the ground since Newton took over and been paid for it.
A verbal statement from a CEO thru unoffical channels is a thin reed to hang your hat on Ely. But of course it's all a big secret including the sharestructure. Newton also said the uplisting would be completed not later than Q3 2008 so what he
says about uplisting has been proven wrong historically.
Those who were fortunate enough to get in at .0001/.0002 might as well let it play out they don't have much to lose.
The only company RCCH has acquired since it has been cellar boxed is EZEE Debt. Between that and the IWS acquisition it has been JV deals.
Gene Newton has not PR'd that the company has ever made any actual money. He has PR'd that they are bidding but that has been going on for more than a year.
You have to ask yourself what "higher exchange" would take on a company that is trading on the American pinks for .0001. The PPS can't offically go any lower.
Those who claim the company is worth millions are missing the point of reality and just guessing there is something of value
to RCCH. Likewise the claims of being debt free when they have produced no income since they began the IWS/RCCH venture.
If they had even one project I am sure Newton would have PR'd
it. His cliams of a year ago have not come to pass and nothing is said anymore about them.