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Your assumption require a huge jump in imagination to think that there is going to be any interest in this company by buyers. What you will have is a huge influx of sellers all trying to be the first ones out of the game if it does uplist.
At the present evaluation of .0001 I would say there is a zero chance of any uplisting. Since Gene took over the company in
August 2007 they have yet to PR that they have made any actual revenues. Some here say they have made millions but the company has said nothing to that effect.
The market has spoken and said the true value of this company is as low as it can offically get and yet we have people day after day trying to convince newcomers that this is the next hot stock. It is a lotto play plain and simple and most likely nothing will come of it as the story plays out.
When a company gaggs the TA that is the "Kiss of Death" to
penny stocks and those that reacted to that information in
July 08 and sold their shares got 25 times more than they are worth now. Those that held ended up holding the bag and losing most of their investment.
I see no other option for the CEO to take but to do a reverse split to try and artifically increase the value of the stock
prior to any uplist. At .0001 it qualifies for no exchange
on the face of the planet which could be considered "higher".
Hey alibi. This RDWG story has played out exactly like we thought it would since we posted on their prospects from August. Actually I didn't think it would get this bad for shareholders but the market has decided there is little of value here and Travis has turned out to be a real snake.
Looks like he has washed his hands of this stock and is trying to avoid legal liabilities to One Fi for breach of contract.
Hope you have a good New Year.
I don't see a buyout going on here from Freeport McMoran. GMO has already sold approximately 1/3 of their first years moly production and are negotiating to sell more. Last I calculated they had at their two sites in Nevada approximately
$40billion in moly deposits and I seriously doubt this management team is interested in selling that very valuable resource for 1/40th of its ultimate value. I look for more
a buy-in to the project from those already involved if it were to happen at all.
Looking good the past couple of days. In 2007 it ran from $2
to $7 in about 6 weeks and then came up to $12 before losing steam. I expect that in the next year or so it has the potential of reaching those types of numbers. Good luck to all.
Actually I bailed on rcch in May after spending hours of time on the phone with Newton and coming to the reluctant conclusion he was looney tunes and that was verified by some of the emails he sent me along the way.
I agree it is strictly a lotto play, one of hundreds which exist on Ihub but this board does go off the deep end with all the excuses being made for Newton.
Bottom line is the man is a crack pot and if you ever talked to him for 30 minutes to an hour then you would know that is a fact. Why anyone would do business with this idiot is beyond my comprehension but enough said.
Let the lotto players have their fun I guess because the realities will soon enough become apparent when the interest dries up.
Camper why are your shares and those of all the others who have gotten in on this terrific stock real and the MM's or the make believe shorters can't get real shares like the rest of you? That makes no sense at all.
Although I believe Newton will R/S this before April 2009 I still don't think rcch has prayer one of getting on board with an international exchange. They have nothing going for them other than their DEQ approvals and right now, in this environment banks are not lending to spec builders.
CNBC said today that you need a FICO score of 720+ and 20% net equity to get a prime loan. The spec builder is up the creek
without a paddle and I am talking about spec builders not contractors working with legitimate home buyers. I think this scenario is playing out all over the world right now so the current is definitely against making headway in that type of business IMO.
With stinky pinkies the gagging of the TA means one thing and that is dilution. It is never good news and the decline in the PPS from .0025 to .0001-.0002 in the 5 mos. since the genius Newton did that is valid proof of what happened here.
All these theories about NSS, lots of rev's, they were invited to an international exchange is just nonsense in my view but
good luck carrying the torch nevertheless.
Well this must be the one golden deal in the history of the stock market for 2008. Imagin you can buy a million sharesfor $200 and they are worth in reality $1-$3.50-$10-higher....take your choice might as well say they are worth $10,000 a share
or lets say it is worth $100,000 per share like Bershire Hathaway A shares. LOL.
Why didn't the shorts cover at .0001 when billions were sold at that level? That is as low as it gets. What logic would
have them covering at a higher price when they can do so at the rock bottom now? The NSS theory defies all known reason.
In support of Newton selling there is this:
1. They have no revenues from any of their projects PR'd.
2. They have monthly expenses and must cover them some how.
3. They are a stinky pinky and that ilk sells shares period.
4. The huge volumes of shares available are Newton dumping
out of the treasury and explains why he raised the A/S to 5B.
5. He tried to raise the A/S to 10Billion but there was some kind of problem with that but he wants to do it again and may have run out of options to do anything else.
This is just taking a look at the other side of the coin and probably explains why a relative handful of people put up less than a thousand bucks to become instant millionaires. LOL.
Do you have any link to provide for the NSS position? The reality of the stinky pinkies is that 100% of the time they sell shares to pay for overhead plain and simple. Name one project RCCH has executed on and gotten paid for in 2008.
There are none. What you folks have is a flim flam CEO who is always talking about big contracts and yet delivers zilch as you will discover in 2009. Logically speaking it only makes sense that Newton has been selling shares since he gagged the T/A back in early July when all this volume began and the PPS tanked big time. Back then the PPS was holding at around .0025 or in that range but that quickly erroded down to where it is now. Then you look at the volume and any reasonable person has to ask themselves if its not Newton selling then what could it possibly be? If there were any shorts (which I seriously doubt) they would have covered at .0001 when it was down there in Q4 2008. That would be logical but some seem to think they did not do this....LOL.
The stronger argument is that it has been Newton all along
selling shares to cover the monthly expenses the company is
needing to cover.
Someone posted that they had $40M in rev's. That is the biggest flight to fantasy I have ever heard. They stated back in Q2 they would do $15M and then the lights went out and they have given no revenue projections since.
I think they reduced the A/S from 10B to 5B because they discovered some irregularity involved but I expect them to raise the A/S to back to 10B and continue to stay on the pinks as no international exchange would have them.
$17.50 a share huh ghcnj? I think that tells volumes about what a fantastic CEO Newton really is with the pps sitting now at .0001-.0002. Anyone who has known Newton and invested in RCCH in the past 2 years has lost money in spades until very recently when it hit the bottom.
Question for you guys though. There is a lot of talk about "fake shares" and "air shares" and yet people continue to buy these fabricated shares with the belief that for some reason the shares they are buying are for "real". I don't understand this logic at all. The reality of situation is that Newton has been selling shares on the open market to pay the overhead because all his IWS projects have been put on hold. I think the O/S is probably around 5 billion shares at this point in time thanks to your CEO's marvelous business accumen.
You got to ask yourself what legitimate international exchange would consider taking on RCCH with a pps that needs a pop of
50-100X just to reach a penny a share.....answer none without
a massive R/S of say 1:1,000 and even that only gets it to
10cents a share hardly what international exchanges would get excited about.
But anyway good luck the board is quite etertaining as everyone counts their millions in advance.
Well Newton had me fooled from Jan 15, 2008 until April 15, 2008. The truth is the man is dilusional in the extreme and it cost me a good deal of money to learn that truth about him.
And he is a liar as well. He personally told me on the phone and by email that CPIC was linked to the Royal Bank of Canada.
A complete fabrication when I checked it out thoroughly. In
fact the only thing he knows how to do is to sell stock to those willing to chase the golden ring of illusions.
Durkk put me down for Sept. 31, 2009. By then everyone here will realize Newton has taken you on a long ride to no where.
That video was a joke and to think it cost him $20,000 for that as it could be put together in about 3 hours. That tells you more about the true character of Newton. Oh yeah, and lets not forget he told us he had a law degree from USC...he
doesn't another lie by your fearless leader.
And why should I warn you now? I was doing that when the pps was at .0050 and all the way down to .0025. Newton took care of the rest of it and ran it into the ground down to present levels. To believe newton is a fools quest but what have you got to lose if you bot in at .0001 except a reverse split which he might still pull off to get a little more traction, then rinse and repeat.
I predict his companies will not earn $1 in profit in 2009.
His only hope is selling more shares to newbies who get caught up in all the hype surrounding this stock.
I was reading the board today and saw that you seem to have a
grasp on reality here among the few who do. There is no short position.....why would anyone bother with it you have to ask yourself? The plausible explanation is that newton has run out of money and is selling shares to whomever will buy them to pay the overhead. That is the reality here. He is never going to uplist either with all these shares outstanding. Next March there will still be people here predicting an uplisting based on newtons proclamations. The shareholders here are boxed in and that is not going to change. Eventually you will go to no bid and stay there with the ask at .0001.
Then it will just die from lack of interest. ALL IMO.
Yes dart is a friend of mine and you would be wise to listen up twin whatever you call yourself. What else is new with you people? All I see is Newton dumping more shares in mass to whoever has a few bucks to buy them. I check back into another month or so and I'll bet the same people will be talking up Las Vegas just as you were in August. Now its nearly December and you are still waiting for the mythical "update". You can definitely count on dilution, no
question about that cause Newton can't finance his company any other way and they have zero cash flow. So pay the bills guys and continue to praise the architect of all this nonsense.
Good luck with it.
Well I decided to get back into GMO again when the PPS dropped down to $1.09. Previously in 2006 after they uplisted to the AMEX I bought a couple thousand shares at $2.15 and sold them in 2007 for $11.50, so I made a 5 bagger on this stock before.
Since then the company has come a long ways but still needs to
finance the rest of Mt. Hope in this difficult economic climate. I think eventually they will be successful with it.
Nice post
I really don't understand Gene Newton's mind set. I was a psychologist at Fresno State for my BA degree but I have never worked with folks like him before. In my experience I was dealing with electro-shock therapy for Veterans Administration hospital patients with some success. But many reverted in a few months. Sa La Vie they have gone now one and all. No one can continue that type of lifestyle and prevail. I would like to see Gene's medical files....perhaps there is a clue there.
He was a sports finantic and I think it has carried over to his business except he forgot to take Business 101 and its attendant course Business 103A Investor Relations. GLTA
Mucho's gracias for that farmboynate. Al Fitta Sane for now.
Mantos de Vecta de Salamonous Unsta Sacca de Villa sends regards. GLTA
Yep and if you folks are niave enough to believe in what Gene Newton says so be it. I tell you as President and CEO of my own company for going onto to 27 years now we do not operate this way. Our reports are crystal clear and we file routinely with Dunn and Bradstreet so creditors have a clear picture of what is going on. In fact I filed today with D&B because our info was out of date.
Anyone whatsoever who hides behind the pinksheets non-reporting rule is going to pull a fast one on you. The evidence is abundantely clear on all this. If he would fly right you could make some money if they have any damn business but he is worse than a drunken fighter pilot on a strike mission. Nothing will work in those circumstances IMO.
Its because Newton is so incredibly lame that he does not list the name of the corporation involved. As usual it is all smoke and mirrors and investors are left to guess who is actually involved just like CPIC. This is another Red Flag and he can deny in a court of law anything whatsoever. You guys especially gchnj need to hold his feet to the fire and demand to know who is actually involved. If I didn't know better I would swear that Gene Newton was trained by the CIA but they are NOT DUMB WHATSOEVER. If they choose to disclose something you can better believe they do it intelligently while Gene Newton continues to flounder in obscurities and half truths. As I said, Newton is dilusional and I would not believe a single thing he speaks about or any of his press releases based on his history of absurdity. GLTA
No Trent I am not saying that the EPA approvals are invalid, as far as I know they are valid however I am saying that you guys just endlessly sit around and speculate on issues you simply do not understand because there is not enough information available to you to make an informed decision one way or another. When information is this hard to get it is a bright white flag with bright RED letters and it says "Warning Travel at your Own Peril". This is my position on Newtons organization and it is certainly not worth the $3.50 per share he was claiming in May in his emails to me. Heck you can buy 1,000,000 shares for $300 not $3,500,000. That is a huge discrepancy and why I say that Newton is dilusional he is simply not based in reality at all and that is another giant Red Flag for those who might be of an inquiring mind. But you guys and gals do what you will with it and I do wish you luck.
Ok Mr. S. have it your way then. And no I don't know the O/S after the TA was gagged in July. You got to ask yourself this logical question if it was good news going on then why not leave the TA open and why does the TA refer all questions on the stock structure to RCC Legal? Something is very rotten in Denmark S.
Stephen that is a mistake my friend. You need to get a cool head and pull out most of your money and forget this nonsense from Newton. I tell you clearly again, the man is grossly dilusional to the extreme. What more proof do you need? He has raised the authorized shares to 5 billion what possible purpose could that serve on God's green earth? The answer is none whatsoever. Their business is caught in a massive economic slowdown affecting the entire housing market and of course all speculation housing development. You really need to let this go or for sure you are going to throw what money you have left down the toilet. Sorry to be so blunt my friend but believing in Newton is like thinking Sarah Palin would make a very good President of the United States.....simply an impossibility.
Go to Costa Rica next year and forget this nonsense is my advice to you. Check out AVF currently yielding 35% on your money paid in quarterly dividends for an alternative that is real and profitable.
Good luck to you sir.
Good find professor. Many thanks.
Call your broker for the instruction set that goes with margin calls. You have about 72hours to pay up or they simply sell you out.
Jim Cramer said that the hedge funds took out something like $138billion in credit swaps against AIG and that was a form of insurance which must be paid on Tuesday Oct.21st. He did say the common shares would be driven down and it was a SELL, so travel with the common at your own peril.
Newton continues to lie to us. His press release states the uplisting is "on schedule" and how can that be when Sept. 30 has come and gone.
Thanks much appreciated and just as I thought a non-event.
Thank you professor for your great DD and following the evolving story. Who said that the state of New Hampshire was
just a drop in a rain puddle anyway?
Hi wes. I want to buy but my funds will not clear until Thursday due to a technicality on purchasing stocks below $4 in value but I will be there for sure. Your pal....Nick
I'M not bashing your stock dale. What makes you think that is my intention here. Quite to the contrary as I have stated.
I do want to worthless though to support my case so .015 would not work well but I would sue newton none the less.
Wrong dale. I want the pps to climb up a bit more so Newton can afford the judgement I am about to take on his crummy azzz.
Good post MOS.
I don't have or want 500M shares to dump on the market but your fearless leader Newton certainly does as he dilutes your holdings to nothing every 2 weeks to cover overhead and legal expenses. As I said before ST does not allow any buys on this stock and I would certainly not touch it at the current PPS but at .0001 it was attractive to me as I figured it was not completely dead yet. That is to come in the future I imagin but good luck with this Newbie and I hope you and your son make a 50% gain on your purchase.
Yeah right stockwinner, Gene does not know the machinations of restricted shares and that supposedly is his stock in trade.
It is early morning out on the West Coast but that comment gave me the first good laugh of today....LMAO. You people are dilusional if you believe in Newton. I am just about ready to pull the trigger on him myself as I see the stock has some temporary value and I want my share back out of his azzzz.
Yes keep us posted Auburn University dad as the hunting season is nearly here time to sight in those deer rifles. I shoot a 7MM mag myself and like it better than the 300 Weatherby. My brother shoots a 375MM H&H. We want to buy a 450Cal for a trip to Africa we will take together next season....No elephants though they are simply too intelligent unless they just must be cropped because of crop and habitat damage.
We do want to go after the Cape Buffalo's we have all of the films from Chapstick we calls him....he died but his videos are great and we like to watch them from our remote hunting camp in the Salmon mountains where we brought in a propane generator to heat the place and run the electronics. We have our satelitte cell phones now so we don't need to rely on radio waves anymore.
Hey daiello you guys in Connecticut going to do anything this year in basketball. You got one of our Oregon kids from my home base playing forward he is a sophmore this year and doing pretty damned good on team 1 as I recall from last season....I think his name is Kyle something or rather.
Real damned sorry to hear Conn. lost one of their very best citizens in Paul Newman but now he can entertain Eternal God in His Kingdom.
LMAO daiello that is a good one buddy. What state are you in?
I need a few laughs after what I have been doing lately.
Ginny Craig is calling him daiello! LMAO but still I would not dare say that in his presence my friend especially if he had been sipping the bubbly and telling a few war stories. Those guys don't take no shit off anyone whatsoever.
Hey TRT did you happen to read the book Good to Go The Life and Times of a Decorated Member of the US Navy's Elite Seal Team Two by Harry Constance? Man what a dude that guy is.
My choice in the Viet Nam era was either join Army Intelligence for 2 years in Viet Nam or travel the world taking photographs. I chose the photos because I could take my foxy girlfriend with me to Africa and Eastern Europe. Got nailed in Bulgaria for shooting pics of the Missle Base in Turkey of all places and had to make a run for it but ended up missing the road to Greece with the MP's in hot pursuit and ran the Bulgarian border instead. What a trip that was. 20 Years in Siberia said the Russian colonel.....I was in Yugoslavia within 36 hours.
We should talk about this in PM's I am working on several National Security Issues which could use a good man in particular with Saudi Arabia and the Kingdom there....just starting it up it will be a joint NSA and DIA issue.
You are the 3rd or 4th Navy seal I have met. My hat is off to you sir I could never get thru your physical whatsoever as I simply am too lean.
TRT see my posts under the RDWG board today. I am basically retired now but still in the American Security Council...google it for further info if interested.
I too was in Special Ops. What were you doing exactly if you can disclose it? Let me guess, dropping submarine detectors into the Amazon River in 1984-85. Maybe I know you but actually that was the USAF I forgot....forget it but tell me what you were doing. I will hook you up with this new guy in town...he doesn't know anyone out this way but has interests in making money for sure as his health physical has deteriorated and he can no longer fly jets for Walmart corporate.
Howdy Real Titan.....its me Kodda. I have this for ya:
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Listed & Nasdaq | Insurance | American International Group, Inc. (AIG) AIG Quote - News - Chart
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Posted by: martingale Date: Wednesday, October 08, 2008 8:25:49 AM
In reply to: The Real Titan who wrote msg# 1141 Post # of 1143
Welcome Navy Pilot. I met the son of a former Top Gun Navy Flight Instructor last nite who has just moved out to the West Coast in the past week from Arkanasas. What carrier group were you with? Thanks.
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