Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Seriously HMS BOUNTY?
That's your metaphor?
The ship that was hijacked by criminal mutineers while the loyal crew was set adrift half way around the world from home.
Couldn't agree more. A stolen ship manned by traitors and mutineers. perfect. LOL
Nonsense.
People, do you not understand that your 'ownership' of shares in the company only exists within the control and constraints of the regulated market.
RCCH is NO LONGER constrained or regulated by that market. They have been forcibly ejected from it.
it no longer matters if RCCH is a scam, a multi-billion dollar enterprise,a victim of a multi-billion share naked short attack, or a subsidiary of a huge global conglomerate. You no longer have any connection to it.
Pretending that the share structure is somehow being maintained outside of the regulatory environment is just imaginary.
If, and this is a huge if, the company is not a scam and is, as the true believers say, a working, revenue acquiring entity, it still doesn't have any connection to you. That bond was broken when they were ejected from the market. There is nothing, absolutely nothing, preventing Newton from teaming up with someone else (the Baida guy for instance) and moving their new gem to a new exchange. as far as RCCH is concerned you no longer exist.
I understand that, but the crew can't be so sure. They need to make sure their safe exit is assured.
My point is that if investors want to pursue claims against Newton and his crew, they have little time left to do it.
Why do you think you are being strung along for all these months?
You know the company has ceased to exist as a financial entity so why is it keeping its web presence alive? What is the motive? Why not just walk away?
As long as there is conversation and speculation occurring, investors are still waiting to see if there is anything to build hope upon. As soon as it becomes clear that the rats have abandoned the ship, investors will start to consider their legal options. If those options can be avoided for a few more months then the 'blow off' will be complete and the crew can walk away unscathed.
Here is a reason why this operation continues.
Shill
noun
1. an accomplice of a hawker, gambler, or swindler who acts as an enthusiastic customer to entice or encourage others.
So you see that Newton initiated the Inc vs Corp ploy some time ago.
You also see that the ploy is still in play along with many other versions of reality.
Do you understand the role of shills in a con?
What you 'believe' is irrelevant.
This is a huge point and one that should have been made earlier.
The specious argument over whether the shares were 'bought' or 'acquired'is a waste of time and is irrelevant.
The inescapable fact is that the shares were issued by the company.
They weren't issued by Gendarme, they were issued by the company. They were legally issued by the company.
SEC did not have a problem with the shares, they did not have a problem with RCCH or with the sale of shares. Their issue was with the legal instructions provided by Gendarmes lawyers to the issuing agent.
2.1 billion shares were ISSUED. It doesn't really matter if they were bought, acquired, traded for, ransomed, or gifted. Regardless of the transactional details between Gendarme and Newton, 2.1 billion shares were issued by RCCH.
That statement does not make sense.
All this talk about the mythological Naked Short Sale (nss) and the eagerly anticipated short squeeze does not take into consideration a few key points.
First of all, regardless of the hundreds of companies that claim to be the victims of the mythological nss there has never been a single instance of a naked short squeeze benefiting the innocent shareholders.
Second of all, why is it only companies with poor business plans, no meaningful revenues but excessive stock dumping that cry out that they are being shorted?
Third and most significant. How valuable would a small company be to a well funded corporate raider, even if it had zero prospects for success, if it had a major naked short position?
Think about that carefully. It would be like finding your very own goldmine. Simply by buying up a large position in the company and then announcing some interest in taking the company over, he would immediately force a squeeze. Even if he had no interest in the company at all, he would make a fortune on the stock he owns.
Such companies would be searched out on a daily basis by the equivalent of old time gold prospectors. Millions would be made, fortunes would be obtained...... Yet it never happens.
Are corporate raiders stupid?
Has no one considered the possibilities?
Or is the truth what every sane person keeps trying to tell you. NSS is a myth.
You have provided a long and convoluted exercise in nonsense.
The pertinent word in the phrase is not 'acquired'.
I don't have any insider information cosmic, I just seem to pay attention more than you do.
Dan Gannon was an uninformed investor from Oregon who came into a lot of money quite suddenly. (google?)
He dove headfirst into DNAG without listening to a single word of caution from those who tried to warn him but bought into the hype from those who would not admit their mistakes. (cosmic?)He was a negligible individual in the dying days of the company and had absolutely zero effect on the plight of the existing shareholders.
After the company was completely dead.
-After the big three had printed all the shares they had and diluted the pps to nothing.
-After they had traded away ALL of the IP and remaining assets to Dutchess.
-After they had exhausted every avenue available to keep their money machine alive.
-After they had walked away.
The company was nothing but an empty shell that was seven million dollars in debt. A clean shell would have been a possible asset worth a few tens of thousand dollars. Being $7 mil in debt made it nothing but a liability.
The shareholders had NOTHING left at that point. No claims to the IP, no share of any future business. Everything of value was OWNED by Dutchess, who had paid for it fair and square.
Only then did Dan Gannon enter the picture.
You can dig into the death throes all you want and you can work through all of the machinations of Gannon and his investor group, but you will find not a single thread on which you can hang any liability to the existing shareholders.
His ridiculous promises to 'save' the company and his 'secretive' cabal to obtain the worthless IP might give you some fodder for a scapegoat, but whatever he did, he did AFTER DNAG was dead.
Hire a lawyer if you want, hire a detective, but don't expect a single 'crime' to be discovered, or any possibility of redemption for the lost investment.
Gannon is and was irrelevant.
Hello Cosmic,
I see you have returned with a 'slightly' different viewpoint than when we last spoke.
Let me caution you on your list of "what we know and can prove..."
1) DNAPrint is a dead company.- PR - DNAPrint Genomics Closed Business 2/2009. TRUE
2) Dan the Man Gannon was centrally involved in what happened to DNAPrint Genomics and to DNAG shareholders: NOT ENTIRELY CORRECT.
- Dan was a latecomer to DNAG, he arrived long after the company had completed it's death spiral and all the assets had been claimed by Dutchess. His involvement was only peripheral to the death throes.
A) Dan the Man bought millions of DNAG shares to become a majority DNAG shareholder to get some control of DNAPrint Genomics. NOT REALLY.
- Dan bought millions of shares alright but did his best to avoid becoming an 'insider'. Only after he was forced to file his ownership of greater than 5% with the SEC was he drawn into the management mess. Until that time he was convinced that DNAG was a real company with valuable assets.
B) Dan the Man started an investor group to buy DNAPrint's IP assets from Dutchess Capital to save DNAPrint Genomics. ARGUABLE
- After Gomez, Frudakis and Gabriel realized they couldn't squeeze any blood out of him, they walked away, washing their hands of the whole scam. That left DAN, as the largest stock owner as the only one left for Dutchess to negotiate with.
-Dutchess know the IP was worthless (else why wouldn't Frudakis et. al. have leveraged it to obtain continuation capital?) and they also knew that Gannon was a sucker.
-They offered to sell him the IP and convinced him he was getting a 'deal'.
C) Dan the Man was on DNAPrint's board when they gave away ALL of DNAPrint IP assets to DDC... and screwed DNAG shareholders. DDC WAS Dan Gannon et. al.
-The shareholders were already screwed, they had lost the DNAPrint IP long before that to Dutchess. The shareholders were completely out of the picture by the time Dutchess screwed Gannon.
D) DDC ended up with all of DNAPrint's IP assets in an "exclusive worldwide license" that shut out DNAG shareholders. SEE ABOVE
- DNAG shareholders were shut out long before the DDC license.
-The 'exclusive worldwide license' hasn't netted DDC a single cent above their investment. They are just as screwed as DNAG shareholders. In fact I would bet that if you talked to them they would be more than glad to sell you the IP for pennies on the dollar compared to their cost. LOL
E) DNAPrint is now dead and has absolutely no IP assets. DNAG is a toxic ghost shell with nothing but debt. TRUE
- BUT DNAPrint was dead the day after it entered ito the death spiral finance deal with Dutchess. All the management knew what they were doing. They knew the IP was worthless and all they could do was suck the juice out of the stock price, which they did.
Frudakis was a disgraced scientist who was fired from his job in Seattle. He moved to Florida to live with his parents and took up with a stock swindling outfit as a tout. His posts and multiple aliases on the Raging Bull boards are all evidence of his past. He was given the empty shell that he used for DNAPrint by his boss.
They were given a SNP machine by (Orchid?) as a loss leader in order to sell the expensive kits (much like HP sells cheap printers so they can sell you the ink cartridges) With tat he started the company. It was all smoke and mirrors as they discovered absolutely nothing on their own. They eventuall licensed AncestrybyDNA and the forensic stuff from an associate professor at a university that was created bu his grad students.
Frudakis had nothing at all but he kept the swindle going until he convinced the shareholders to let him increase the AS from millions to billions. Once he had those shares to sell, he took up with Gabriel and they printed shares as fast as they could sell them. The resulting empty shell is the result.
Nice talking to you again,
See you.
For your information ENSSFM does NOT exist.
If on the other hand you believe it does, then please tell us. Such a revelation will help firm up the level of credibility assigned to your other opinions.
Good, you are finally getting it.
Took longer than most but as long as you got there in the end you have no reason to be ashamed.
That's the problem. The inability to distinguish between opinion and facts.
Here are the indisputable facts;
Newton sold billions of shares at a huge discount to the fractional penny market price.
Newton, at exactly the same time, was telling the public that the shares were worth dollars.
These two facts define lying and cheating.
Ergo Newton is a liar and a cheat.
There are three ways of reacting to these facts;
1. Accepting that Newton is a liar and a cheat.
2. Refusing to accept facts. (Basically the definition of ignorance)
3. Privately accepting the facts but publicly moving forward, denying these facts in order to promote a private agenda.
Not opinion, fact.
Exactly.
Everyone has their own message. If you are going to continue with your own, you don't get to try to silence someone else.
And you have beaten your's to death as well. Lay off.
There is no decision to be made here.
Of course you have to guess.
Transparent and obviously desperate pretense.
Everyone knows that the only way to get this stock trading again (so those with large positions can get out with some fraction of their investment) is to generate some public interest. Any type of positive information would be shouted out from the rooftops not just posted on this board.
Pretending to have positive information but keeping it secret is a childish schoolyard tactic that even seven year olds figure out in the second grade. Those pretending to have secret information are specifically the ones on this board who would be most anxious to share any positive news they had.
Pathetic.
Castell,
I have a question regarding a short squeeze.
Since every bottom dwelling stock says that it is the victim of a naked short conspiracy, and since all of these strategies (new exchange, reverse merger, new cusip number etc.) have been available since the dawn of time........... Why has there NEVER been a single short squeeze on a stock with a naked short claim in the entire history of time?
How is it possible that if such guaranteed strategies are available to every single stock claiming a naked short attack, that there has never been a squeeze?
What is your explanation?
No it's not real!
Where have you been? Have you learned nothing yet?
There is no way on God's green Earth that there is any substance to this latest line of crap.
Guaranteed!
It sure would have been fun. A war against the 'shorts'. It would have been historic, as there has never been, in the history of the world, a short squeeze based on naked short selling.
Isn't it incredible that such a thing has NEVER happened? It makes you go hmmmmmmm.
Nevermind it is all a lot simpler now.
According to the web site it was written by 'Super User', so you may be right. lol
How short are your memories?
This is fascinating.
That is not what I find so hard to believe.
More misinformation.
More nonsense and misdirection presented as facts.
Bankruptcy is NOT the same thing as going out of business.
Bankruptcy is the process of being protected from creditors while a company tries to STAY in business. There will be no bankruptcy for RCCH since that would require making the books public and showing them to a judge. There would have to be PROOF of business and a viable recovery plan. None of which are possible.
It is worth noting that this point has been made several times in the past and yet the intentional misinformation continues. The question was specifically about going out of business, bankruptcy is exactly the opposite of going out of business. Pay attention to who is trying to mislead you.
Once shares are issued they take on a 'life' of their own from the company that issued them.
The chill list isn't your problem. RCCH was 'no bid' long before the chill was imposed.
There is an ongoing court case involving the sale of over 2 billion shares from RCCH to Gendarme.
That fact alone is enough to show that the 21.27 million value you believe in is untrue.
Sorry.
Sorry friend, but that ship has sailed.
Nonsense.