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No product, no sales, no management, no financials and no bid are also getting very old.
Does BAA:
1. Offer super biggie sized extraordinary dividends?
2. Does it have a website?
3. Does it have a slogan of "Drill Baby Drill"?
4. Does it have a criminal as a promoter?
5. Does it have a lawsuit pending?
6. Does it trade on the grey's?
7. Does it have a CEO who has publicly said that the company is destroyed?
8. Does it operate out of mail box drop?
The above make this stock such a good investment! LOL
Find it funny that some are so satisfied with having things happen in 2010 or later. Satisfied with bouncing between no bid and .0002. Hoping for quicker movement but have been so disappointed in the past, unwilling to say there is a sense of urgency or that things have not gone according to plan (i.e. gene's pr's).
It does not take this long to move exchanges. Certainly it shouldn't for a $15 billion conglomerate
Vendeta1950:
this is not a knock, but you may want to research the subject. Pedro is absolutely correct, par means nothing when it comes to converting or having Gene issue discounted shares. If gene wanted to, he could issue 99% discounted shares from today's price.
I tend to agree with you Pedro. Even if gene gets the mine up and running in Aug., I think it is too little too late.
I called the building and got routed to the leasing management office, no record of RCCH, yet? Also asked them to look under Gene Newton or EZ Debt, Nope.
If you don't believe me, call for yourself.
how do you know what the real float number is? I second Turbo, if your group has found a way to raise this up from ashes, it is great for shareholders.
kaz:
You would be surprised to see how long it takes for the SEC and/or DOJ to take action. Many stocks that have been temporarily suspended languish on the greys before the next step is taken.
It's a shame and the SEC should be quicker but I wouldn't let time sway into believing that HGLC is out of the woods. IMO, the only real indicator is a release from the SEC ending the investigation (see EXBX) or approval of the 211.
From what I have been told by IR, they needed to find a contractor that issue a performance bond to the city to ensure the work is completed. Not sure why Beacon or RRD couldn't issue one, but my guess would be they are not financially sound enough to issue a bond of this size.
IMO, August is the do or die month for Gene. If he doesn't have a good solid month of production, I don't think the judge will approve the plan.
I see the other RCCH website has not been updated with this terrific news.
Unfortunately for jean, Canada does extradite criminals to the US.
I will call on Monday and see how much space Jean leased. Or maybe some here may think RCCH bought the whole building.
Another great week to be a RCCH shareholder. LOL
Any veterans out there that can play "taps"
If I were Gene, and let's say he can't get anything going and doesn't want to issue the financials (which are probably poor). I would create some excitement by offering a restricted dividend in IWS or EZ Debt. He could milk at least three months out that pr before he would have to do it.
The stock would probably go up and some frustrated loyal followers could exit.
Then repeat the uplist strategy and hopefully do something with it.
A reverse merger into a shell on any exchange can't take 6 months or more. Let's be realistic.
op:
I went through the process, not with tsx but the venture exchange. Jean, if he is in the process, is intimately aware of everything. From negotiating with the shell owners, accountants, and attorneys. All the head people (i.e. Jean #1, #2, #3 etc.) would be involved.
Again, timing. Takes accountants max two months for audited financial statements. Of course you run paralell, with attorneys in negotiating the shell purchase agreement and filing with the TSX.
And that's the rub, if Gene, on behalf of RCCH or "ANY" of its subsidiaries have filed for a listing on the TSX, the shell and RCCH would have to issue a pr. Them's the rules.
Great volume today, this is a winner!!!!!!!!!!!
$15 billion in assets !!!!!!!!!!
All the employees named Jean!!!!!!!!!!!!
I predict a increase in share price similar to what we have experienced the last 3 months!!!!!!!!!!!!
haven't heard much from smaz, i think his continuous miner has broken down, so I wouldn't count on him to dig anything up.
Another great day for this $15 billion asset company. Jean you are doing yourself proud!!!!!!!!
"Who is selling ?"
Maybe Ranger Rick
That's why I posted on the blog. It was not negative, just asking if anyone at the conference has heard of IWS or RCCH. Let's see if anyone responds.
good link, i posted on their blog to see if anyone know of this scam. You can check for yourself.
Paunch, you know that is only $75.
yeah, vernon gene is that an alias for Jean Newton? BTW, Vernon Gene is Chairman of RCCH. Isn't that's jean's title?
ILVMNY:
The scheme started a couple of months ago. Note the new poster(s)
If RCCH has all those assets, why would jean need to merge IWS into a TSX shell with cash? He could just buy a shell, lots available, and merge. Takes 90 days.
There are many pinksheet listed securities that trade $$$$MILLIONS of dollars a day that don't file anything and have the "Caveat Emptor" (skull & Bones) as a warning sign.
Which pinkie trades millions of dollars a day? Facts please
Dr. Stock:
I agree with most of what you say, with exception of the last line. This is a pinkie, no doubt. My only issue is when people post stuff that is so far fetched and unbelievable (i.e. Pacific Nakon or $15 billion in assets). I would suggest that RCCH, in its current form, had nothing to do with anything on that website.
RCCH, in its current form, has some portion, possibly 100%, of IWS, EZ Debt and some other odd ball companies.
Lastly, I am not suggesting the stock is dead as I have seen triple zeros emerge, usually on bs pr's or a momo group. Usually, after the spike, it goes back to triple zeros.The trick is know the exit point.
Johnny:
Great due dili. I guess those that believe we own a part or all of Pacific Nakon will have to admit that RCCH owns a company that willingly has been involved in fraud.
Dr. Stock, that FBI Affadavit should be in the IBOX.
kojak, what did you do for the mines? where were W. Va, ky, ill or out west? Just curious, would like to compare notes.
Cashor (LOL) I thought we discussed that yesterday. Look, I don't care about your investment or anybody else's. You obviously are content at .0001.
Buck:
Not an electrical expert and plugging in a computer is the extent of my knowledge. No, I did not inspect the ventilation system and yes I did call the shed dilapidated. My basis for the comment was based soley on other coal mining properties I have reviewed, which are upwards of 50.
But you are right, it could a beauty in the shed. I can't offer any insight into the violations, other than what MSHA stated.
What I can opine on is the fact that this is a decent punch mine that for some reason is not being mined to its optimum or if all. That's the fault of the mining company and ultimately Gene.
dahbmw:
See the accountants report on the financial statements I posted earlier. They could not issue an opinion as management did not keep books or records and could not validate ownership of any of the holdings or value them.
Also, that RCCH site someone posted is old, last updated in 2006. The phone number listed has been disconnected (although it is a 909 area code)
Also absent on the site is any mention of jean.
If you read the SEC filing for Nacon, all their projects with exception of one were in development.
These asset backed bonds are nothing but a scam. They are collateralized by assets of no verifiable value.They are just used in some other scam venture.
Jean, get real, show us the financials and prove me wrong. At least return my calls and or emails.
Buck:
I have been to the mine and know the former owner, Albert Anderson. It is a decent small mine. From what I understood and posted here previously, is that they were using the continuous miner that was cutting too large a strip and resulting in the roof falling.
Now my understanding that Bobby Blackburn is a good miner, but not sure where he is in regards to Everett Hampton. The heads of these coal mine companies are stubborn and want to do things their own way and you put two together (Blackburn & Hampton) and you are going to get conflict and different ideas on how to mine.
Recently, Gene said they were buying another miner, but that also is the wrong size.
As far as what caused the suspension, I have no idea other than what has been reported. But I do think, that unlike last year, they are really strapped for cash and Tarun is no dummy, he will not advance more funds than he recover in the worst case scenario (liquidation). My guess is that they are at that point and Tarun can't be counted to loan (on a dip basis) anymore money.
Discounted shares, another story.
Dr. Stock:
It is interesting that there is no such ticker for econnect. Also when I opened your pr link and tried the links for nakon and econnect. None of them worked.No ECNC or ECNT (pr). And econnectholdings.com is a feeder site for other services.
Pacific Nakon International, Inc.
(A Development Stage Company)
Financial Statements
Fiscal Year Ended June 30, 2000
Independent Auditor's Report
To: The Board of Directors and Shareholders of Pacific Nakon
International, Inc.
We were engaged to review the balance sheet of Pacific Nakon
international, Inc. as of June 30, 2000 and the related
statements of income, stockholders' equity, and cash flows
for the fiscal year then ended. These financial statements
are the responsibility of the Company's management.
The company did not maintain complete financial books and
records for the fiscal year ended June 30, 2000 and for the
previous years since inception and thus none of the books
and records were available for our inspection. Management of
the Company was unable to provide adequate substantiation of
assets and liabilities appearing on the Company's balance
sheet at June 30, 1999, and such assets and liabilities were
carried over to June 30, 2000, Company issued 400,000 shares
of common stock during the fiscal year ending June 30, 2000
and management provided limited information for the dollar
values of such stock issuances. Consequently, the Company's
common stock capital as well as the related assets at June
30, 2000 were estimated by the limitation of such
information, and stock values are estimated at $11.24 per
share at the close of our review.
Due to the lack of books and records, pertinent financial
information and evidence in substantiation of the Company's
assertion of assets, liabilities and stockholders' equity at
June 30, 2000 and its operating results and cash flows for
the year then ended, we were not able to apply other
auditing procedures to satisfy ourselves of the existence
and correctness of all items presented in the accompanying
financial statements. Therefore, the scope of our work was
not sufficient to enable us to express, and we do not
express, an opinion on these financial statements.
Samuel H. Wong & Co., LLP
Certified Public Accountants
San Francisco, California
August 23, 2000
The common stock of the company is privately held. The
articles of incorporation allow for the issuance of
10,000,000 shares of common stock, of which 5,000,000 shares
have been issued. Eighty percent of the issued shares are
controlled by Lamar N. Jensen, who also serves as the
company's Chairman, President and Chief Executive Officer.
The remaining 20% of the issued shares are owned in equal
amounts by four other individuals.
Cashor:
Won't take my time to sift through all the doc to prove you incorrect. Rather, I will let the Florida State Attorney General's office see if they are real. They very most helpful on a couple of other now defunct pinkies.
Btw, why does the spanish speaking guy at EZ Debt not know who the president or main contact is at IWS? HHHMMMMMMMMM
Monthly financial to BK court late again?
Cashor,
I think may want to verify RCC in those posts:
EPA's Resource Conservation Challenge (RCC), a national effort to conserve natural resources and energy by managing materials more efficiently.
That website was last updated on Aug. 2006. But it does list RCCH as a strategic partner. Sent him an email, see what he says.
Yes, i saw that, no public filings for the company since 2002. Checking to see if they were delisted.