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Or meaning that the 'official cert covered OS' was just a part of the scam just like the 'official' 300 odd million OS that has been constantly reported here has been a part of the scam.
We now know that all the time there was supposed to be only a few hundred million shares in the OS that Newton was dumping billions of shares directly into the OS at discounted rates.
You can point to as many 'known' short events as you want to, but isn't it interesting that no one can point to a short squeeze that has ever occurred.
Why is it so easy to believe in the former when the latter has never EVER occurred?
It shouldn't be a surprise how this stuff works.
They are your shares that is absolutely correct. You can do what you want with them (up to a point) if you want to keep them in a box under your bed no one is going to interfere.
However, if you want to trade them you are going to have to move them to someone who wants to trade them. If a broker doesn't want to deal with them THEY DON'T HAVE TO!!!
Industry Restriction as in ......... Global Lock.
Pay attention now this is the hard part...
Zecco might still trade shares in RCCH on a small 'trade for trade' scale but they clearly do not want to accept them due to the lock.
What happened to the premise that this 'lock' only applied to the three stooges.
We have recently heard from Option Express and Zecco, who else does the lock include ......... (hint: everyone)
Interesting perspective, but I'm not sure where you are going with it.
Take it one step further. If the shares you bought so long ago were air shares and they can be covered with the same, how are you to get ahead?
Or, if the powers that be have condoned the air shares in the first place who is it you are depending on to set things right?
Or, if there is no covering going on, then how could there be a short position in the first place?
Or, if the regulators don't accept there is a naked short position how can there ever be any forced resolution?
The list of questions goes on.
LOL Good One!
I didn't catch the absurdity of the spin until you pointed it out.
We have a constant gripe about the 'short' listing on a day to day basis to support a NSS claim, while at the same time we have the claim that the recent volumes (also with the same 'short' content) being touted as covering volume.
Pretty funny.
The significant FACT to be gleaned from the Overstock story that is relevant to RCCH is the source of the evidence that is presented to support Byrne's claim.
Byrne points to the SHO list and the FTD lists to PROVE his claims of 'short' activity. He offers the FACT that the short activity (illegal as it might be) is captured by the FTD and SHO lists.
What RCCH investors fail to grasp is the FACT that 'short' sales are exposed by those mechanisms. The lesson being that if they ain't on the list.............. they ain't short.
Jim,
I'd be happy to explain to you exactly why all that stuff is going on now after months and months of nothing.
Late last year as the SEC investigation came to a head, it became obvious to Newton and his cohorts that the game was just about over. Newton found himself in a tight spot because he had been paying all his minions in stock and the promise that they would be able to sell them eventually.
As it started to sink in to those people that they had been taken in even worse than the normal investors that they had helped to swindle, it also became something of a panic when they realized that years of work was going down the drain and they were never going to get paid.
It doesn't require a rocket scientist to see the desperation in the recent behavior of the associates. We have had a continuous string of sorties, each one trying to generate a little buzz. None of them successful and none of them being played out for more than a couple of days each.
The latest one is going to collapse tomorrow as the new rules will come and go with no effect.
The reason for the 'promise' of financials is part and parcel of the same mad scramble to find something that might strike a chord.
So far nothing but a minor blip that died as quickly as it appeared.
The volumes are due to all of the minions desperately trying to unload their free shares for whatever they can get before the stock is halted.
Do you understand now?
Castell,
Don't worry about your inexperience in such things and don't make any decisions based on any false assumptions about those you consider veterans. LOL
Provide the link that says that the settlement suspension applies to only a select group.
There is none because it is a lie.
Ample evidence has been presented to explain that a global lock does not prevent trading. I just makes those that wish to trade have to work a lot harder.
It is black and white and it is posted in the stickies. The DTCC has suspended settlement services Globally.
Any one suggesting other wise is lying.
As the moderator you should be monitoring those lies, not encouraging them.
That is an outright falsehood. And you know it.
Instead of playing semantic games you should try discussing the actual state of affairs and not hide behind obfuscation.
The people that are the beneficiaries of the DTCC settlement services are the ones who used the term 'global lock' to describe the "NSCC's exiting positions form the Continuous Net Settlement System. Not me.
If you are more of an expert than them then please provide your CV to the board. LOL
Furthermore, whether the decisions made by brokers to refuse to trade RCCH shares or in other cases to even 'accept' transfers of shares from other brokerages is due to the term 'global lock' or due to the term 'global chill' or due to the term 'locked chill' or any other variant, is by and large irrelevant. The important point is that these brokerages have stopped trading shares due to the DTCC's action in regards to refusing to settle RCCH shares 'GLOBALLY".
Brokers are refusing to trade shares, they are refusing to accept share transfers, it is because of the DTCC action to suspend settlement services. It is a BAD THING for investors. Trying to divert attention from that FACT by arguing over the terms is disingenuous.
So I ask again, "Do you understand what the DTCC is?"
Furthermore, do you understand the effect it is having on the ability to trade RCCH shares?
Last but not least, "Do you understand that the process is evolving rapidly as more brokers refuse to trade?"
The case in point is exactly the opposite of what you are spinning.
Someone tried to transfer his shares to a broker who was not trading those shares due to the global lock and would not accept them.
The immediate spin from the gallery was to condemn the original broker for not 'allowing' them to be 'released'.
It was nonsense then, it is nonsense now.
If a broker will not trade the shares, they do not have to accept the shares. The poster tried to transfer the shares to 'Option- Express' who would not accept them due to the global lock.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=60255677
Don't try to spin the facts.
Of course they can.
Assume all you want. There is no balance sheet and there will be no financials.
Nice try, but they would still have to file. LOL
Unless you are suggesting that Baida is a crooked company as well.
On the other hand Baida would certainly qualify for the second option. LOL
(Figment of imagination.)
Well whoever he is (wink wink) he is a crook too. LOL
For a shareholder to be considered a 'control' shareholder he must own a majority of the outstanding shares. Regardless of the actual OS anyone who owns more than 5% of the OS is obligated by law to publicly register with the SEC his position.
The fact that no such filing has been made means one of two things, he is either a criminal or he is a figment of Gene's imagination.
I personally vote for option two. LOL
Seeker,
The value of the 2/28 timeframe is it is a 'date' that some excitement can be built around.
The benefit is not in the mechanism of the rule change, it is in the perception of the audience.
If enough investors buy in to the excitement then some movement can be generated. It need only last for a few hours to be effective.
Watch and see.
Both as in BOTH.
If a broker won't accept shares in a locked out company then your broker can't very well transfer them can they?
I don't know why this seems to be so hard to understand.
As explained the blips will be (if they occurs at all) due to investors buying enough shares from their brokers to cause him to try to obtain shares within his clientele.
The only such investors are those that have bought into the expectation of some imaginary squeeze and don't want to miss out. It is doubtful that any of them are willing to pay much for the opportunity. Additionally there are more than enough investors trying to sell their positions to immediately swamp out any bids that occur.
The blips are the result of the incredibly restricted market caused by the global lock. Anyone thinking that there can be any high volume activity clearly doesn't understand what that lock means.
The blips (if they occur) will be transitory and rare and will be the result of the few brokers still trading RCCH shares among their own clientele on a 'trade for trade' basis as authorized by the DTCC.
If you are looking for an opportunity to get out of this investment you have only one option, transfer your shares to one of the dwindling number of brokers still willing to trade shares in the face of the global lock and put in your gtc at .0001. Realize that the opportunity will be fleeting, another week or two and the whole thing dies.
You have been following my predictions so far and even though you disagree with the reasoning, you have noticed the accuracy of the predictions. Note this one then in the same vein. The new regulations going into effect on 2/28 will have zero effect on this stock except that when nothing occurs it will be the final nail in the coffin of the run manufacturing effort.
Go to their web site. Knight is not just an MM, they are a huge trading firm handling transactions for their own clients as well as transacting trades as an MM.
They can easily clear their own in-house trades if they want to.
The global lock applies to ALL transactions that require external settlement services, it does not apply to in house trades as it states in the posting from Kramer in the 'stickies'. It is quite clear.
Are you seriously suggesting that you don't know why there was a bid?
That is an intentional misrepresentation of the facts.
LOOK IT UP.
Don't pay any attention to the spin.
You have seen yourself (in your published post) that the brokers have told you there is a global lock. If there were not such a lock you would have hard evidence for fraud.
THERE IS A GLOBAL LOCK.
It is why several brokers will not trade the stock because the DTCC WILL NOT CLEAR the transactions.
Trading can still occur as long as brokers can find BOTH ENDS of a trade within their own control and don't need an outside clearance.
Realize that ONLY customers of the few remaining willing brokers can still buy shares and clients of those brokers can only sell to buyers at the same brokerage. As those trades dry up the number of brokers will decline as they will not be able to trade in house forever.
Anyone telling you the DTCC has not issued a global lock on crlearing RCCH shares is lying to you.
If you read the announcement.
Do you understand what the DTCC is?
Why are people surprised that brokers can't transfer shares to other brokers?
All the shares the brokers hold for their clients came to them via the DTCC. All the shares that are transfered from one broker to the next either have to have the certs hand carried from broker to broker, OR THEY HAVE TO CLEAR THROUGH THE DTCC.
If the DTCC has specifically stopped clearing RCCH shares, why is it a mystery that the brokers won't transfer the shares?
DOH!
It is make or break because time is running out. The DTC action threw a huge monkey wrench into the effort. Why do you think there is so much 'advice' about moving shares from broker to broker RIGHT NOW?
The phony 'volume increase' last week was straight out of the playbook. The huge positive group reaction over this weekend is totally unprecedented in the last couple of years.
This either breaks out a bid this week or it dies. The number of brokers that will support trades is diminishing by the week.
It isn't a coincidence that such a concerted effort is underway today. LOL
Are you paying attention Castell?
Remember what I told you. Look at the activity this weekend, have you ever seen so much traffic on a weekend? Can you see who it is?
Watch and learn.
Tomorrow is the make or break for the effort. Volume last week, hyped to the limits all weekend in an attempt to cause a flurry of activity when trading starts. If they can't get anyone to join in it will fail, if they can muster up some excitement they might cause a blip. Should be interesting.
Doh!
And my 'gut' feeling is that this effort is not going nearly as well as expected. It has dragged on way too long and the only people buying in are those behind the curtain.
If legitimate new voices (as in not just returning veterans) don't start to participate, this is going nowhere.
So less than one half of one percent of the float has traded this week huh?
And that is good news?
Since the DTC shut down all but trade for trade services, now those who want to sell, get to sell whenever there is some one who wants to buy. As opposed to only selling when market makers could make a profit.
Every trade now looks like a buy, even when it is SPECIFICALLY people on this board ANNOUNCING they have just sold their shares. Isn't anyone paying attention? How many posters have announced their sales? How many of them show up as sells? How many show up as buys? Catch a clue!
Isn't anyone tired of trying to spin the devastating end game of this stock into 'happiness and light'?
This is the most fascinating chapter yet in the soap opera.
I think you have it wrong.
Yes I did.
Not even that.
It's called rewritting history. It happens all the time. SOP.
No one has ever said there is no such thing as naked shorting of stocks. Never.