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Nonsense, there is nothing 'diminished' about the value of the car. That is the exact point, the cars are exactly the same whether the 'dealer' has registered or has not.
The registration (or title) of the car is a totally different item than the registration of the dealer. The new owner would have a registered and legally titled car in either instance.
The same is true of the RCCH shareholder. As soon as Newton sold the shares to Gendarme at a discount they became legal shares. The buyer was free to keep them or sell them at any time. IF he sold them he was required to report the sale to the SEC (via registration) but the sale and the shares were legal in either case. The 'crime' was in the dealer not registering the sale.
Quite clearly it is the intention of the crew to try to confuse these concepts and I expect that if you guys work a little harder you will manage it, but I am still disappointed in the quality of the effort.
Do you seriously think that applies?
RCCH was NOT required to file such a form as they had already filed the 504 form allowing them to issue up to 1 million dollars worth of shares without registering them.
Does some one need to show you the link to that filing?
Does someone need to help you with the math?
(One million dollars at a pps of .0001 is.... lo and behold 10 Billion shares) What a remarkable coincidence that happens to be exactly the number of shares Authorized by the updated AS filing that was published EXACTLY half way through the time frame of the dumping activity.
Half way through being just about the same time that the previous 5 billion share AS was used up. LOL
Catch a clue.
Pay attention.
I was explaining the lack of requirements for stock to be 'registered'. Stocks themselves are NEVER registered. Only the sale of the stock needs to be registered so that the SEC can track who is underwriting the various stocks.
Consider the person who buys old cars and fixes them up to sell.
Up to a point he is free to buy a car fix it up and sell it on the open market. However at some point depending on the local regulations and the number of cars involved he must REGISTER as a used car dealer in order to continue to do business.
If he doesn't register with the authorities he has broken the law and can be fined, on the other hand anyone who bought a car from him after he passed the local threshold for cars sold, still has a 'legal' car and has not been victimized in any way. If he is caught and fined, no one is going to recall any cars that he sold or define them as being 'illegal' cars. LOL
Shares go into the public market 'unregistered' all the time.
For instance shares sold via a 504 do not have to be registered.
Registration is merely the reporting the sale to the SEC. There is no difference between a registered and an unregistered share.
Only the "SALE" of the share is reported.
It is only semantic shorthand that describes a 'registered share'.
There is no such thing as a registered share.
A Fantasy?
It is a company with zero revenues and a 10 billion share OS. It is only a stock with a pps of .0001 because the system won't list a lower price.
Given that it has zero assets, zero revenues, zero employees and a history of lost lawsuits and failure to pay it's rent and the judgements against it, what would you estimate its 'real' price?
It is explicitly stated.
I agree, I think it is amazing the outright falsehoods being put out that are 180 degree polar opposites to the actual and simple English text of the SEC document.
Hook, line and sinker.....LOL
What do you mean 'caught on'?
High posting volumes, high transaction volumes............. possible bid if the P&D is successful.
Bid won't last very long.
Oh you'll get a bid back, after all there isn't any reason fro this elaborate effort if the parties involved can't create any exit opportunities.
The hardest part will be taking advantage of that opportunity.
The whole basis of a pump and dump is to get the 'mob' moving in the same direction while the instigators use the momentum of that movement to hold their exit window open for as long as possible.
The momentum is based on emotion, not reason. The excitement and energy will keep most of the investors glued to their seats until long after their ability to take advantage is long gone.
As I explained to you before, the scenario is unfolding exactly as I told you it would. If you want to go back and read that post, feel free.
Don't worry if you don't take advantage of the exit opportunity, the lesson learned when it is all over will be well worth the expense.
You'd better hope not.
An excellent point has been made. It is illegal for anyone to own more than 5% of the OUTSTANDING STOCK without filing 'insider' status documents.
That means that Gendarme must have purchased their shares in smaller increments than the 2.1 billion share total. That is obviously why the deal took several months to complete.
Think it through to the next step. If Gendarme bought 4.999% of the OS from Newton with the stipulation that the shares were restricted, how could they possibly return for more unless they had sold their previous allotment?
Even today with the OS at maximum 10 billion shares, the largest amount Gendarme could buy at one time would be 499 Million shares. It would take several iterations of purchase and sale to complete the 2.1 Billion total.
Not only did Gene know what was happening, he must have approved, otherwise he would have refused to continue the transactions.
Take it one step further. Who is the SEC really after?
Gendarme is the first and easiest target for their process. What will the Gendarme principles do when the SEC offers them a deal?
DO you suppose it will take them more than a heartbeat to roll over on their partners in crime? LOL
Guess you didn't read that the 2.1 billion shares came directly from the AS and were sold to Gendarme legitimately. That sale put those shares into the OS, it doesn't matter what Gendarme did with them after that.
Yes, that is what has been said for years.
The AS is a matter of record, the float is derived from the volume that has been sold and settled since the Transfer Agent was gagged.
AS 10 Billion, OS close to 10 Billion, Float the same as the OS.
No price manipulation involved outside of the dilutive effect of RCCH increasing the OS.
They are making a case because of the manner in which the legal shares were released.
He is completely whole.
Do you not understand how the market works?
LOL perhaps.
On the other hand the identity of RCCH has always been in question and the understanding du jour of what the real name is seems to be as flexible as the wind.
DO you even know the real name of the company?
Exactly. Parse the English as it is written.
Actually it does.
I don't think you understand what is happening yet.
I guarantee it.
I'm pretty sure he is complicit. You can bet the other 8 billion shares travelled through similar conduits.
It looks like the SEC is closing down on a fairly extensive and thriving industry. These companies providing the cover for many many shady companies to liquidate their Authorized Shares.
What I have to give him credit for is the ability to make lemonade out of what should be pretty bitter lemons. LOL
Gotta give a guy credit for piggybacking a P&D on what should be a lynch mob atmosphere. LOL
It is all a flurry of distractions from the main salient points.
Number One - Gene voluntarily diluted the share structure by selling 20% of the Authorized Shares at a discount.
Number Two - Gene knew what happened to the shares. Whether he was in on it from the start or realized it afterwards when the shares hit the market, he knew but didn't tell the investors he continued to hide behind the NSS nonsense.
Number Three - (Most important) this is just a Pump and Dump event being masked by the traffic and excitement of the news.
Actually there isn't.
Everyone named in a complaint/report whatever, whether as the complainant or the victim or just a reference person, is given the courtesy of a preliminary review before it is published. All the legal representatives of all the parties are kept up to date about the information and the publication dates.
I have never said RCCH is incompetent. I have always pointed out how successful they are at getting your money from you.
Other's complain about how Newton is failing in his ability to run the company, but that 'failure' assumes that Newton has any intention of running a legitimate company. I hold no such assumptions. I think he is a very successful con man, liar and crook, with no intentions or motivations to run an actual business.
I specifically told you this was coming. You have even suggested that you are looking forward to it. Don't fail to observe it carefully and don't fail to learn from it. It is unfolding exactly as predicited.
Are you serious?
They didn't issue it, but they knew it was coming and when, and they had their spin story ready.
Are you starting to see the P&D emerge? LOL
This is obviously the predicted event foretold by the 'gut' feeling.
It is why the control of the board had to be maintained by Newton's people into the new year.
Look at all the new voices that have appeared and the specific (and nonsensical) talking points that are shared by those voices.
The effort is obviously in full swing.
Watch and learn. Hold on to your wallets and don't fall for the hype. LOL
No, you get the fact straight.
No. It means that if you unknowingly bought a DVD from a store before it's original release date because the store owner was taking advantage of the situation, it doesn't mean that you can demand your money back a year later.
You weren't hurt by the transaction. The DVD is still the same DVD before or after the 'legal' release date, and the studio got it's money for the sale of the DVD anyway.
The 'crime' was in the timing of the sale, that's all.
For what?