Been holding 500k shares for a few months now, just waiting :)

This. What about this company FUNDAMENTALLY has changed since .19 to now? Nothing. If anything, the company has improved its outlook showcased via their audited fins. If your then research led you to buy into the company at the price you bought in at, has that research all of a sudden changed? Nope.

Quiet period leads to no news leads to no volume which means, in the OTC, the price will go down. Simple as that. But once (not if) we get volume, price will go back up. Selling right now would be foolish. Just hold and add more if you wish (and if your funds allow it).

I'm holding a good amount and have bids set for if the price dips further.

Your statement is false. The company has publicly stated they are in a quiet period: https://imgur.com/a/xfH7DMB

Caco Rangel runs IR for the company.

Caco (IR) has reiterated and confirmed time and time again we are in a quiet period. Mars was likely forced to resign because she didn’t abide by quiet period guidelines in saying too much, so I’m not surprised nor expect RXMD management to speak much about anything until the confidential S-1 goes public. Hopefully that occurs soon.

LOL, I'm relatively new so that number is a little higher for me but I think your goal is definitely achievable!

Wise rule to follow with your job/career as well!

I LIKE THE STOCK

Fundamentals always prevail.

Holding long & strong!

$RXMD

Gotcha, was about to say that would be super helpful to have right now lol

Definitely agree with your assessment INSTA, btw what app/website are you using in your screenshot to see the historical T trade data/transactions?

Someone wanted to dump their 300k shares, so dumb

Personally I don’t think they’re gonna PR anything unless it’s related to the S-1 status/approval

The fundamentals have not changed. Holding long will reap you the benefits :)

You’ve been here 5 years and you’re only starting to worry now when literally everything is about to come together? Pull it together dude, final S-1 is coming any day now. R/S proposal also expires in June which means things are going to happen.

Soon.

FYI between 3/19 and 4/6 outstanding shares stayed the same and did not increase according to OTCMarkets so there was no dilution during that period

Agreed. I'm setting and forgetting. There won't be anything to complain about a year from now.

I consider myself very bullish on this stock but no way it opens at .20 lol

Bruh I haven’t been here long but I have noticed the regulars have all been posting consistently. At this point just waiting on earnings and audited financials which should be released likely by the end of March, latest early April.

Bad news: https://www.cnn.com/2021/03/22/politics/us-eu-china-uyghur-sanctions/index.html

IMO seems like dilution is still on-going. But the fact that we’re currently still holding between .12 - .14 despite that only gives me reassurance that once the dilution is done and we get some catalysts and momentum, this will pop big.

Found this response from presumably their IR (reply to an email from a Discord I’m in):

“Thank you for your message. We are undergoing our annual financial statement audit, which we expect to have completed by March 19. We will file our annual financial report with OTC Markets shortly thereafter, but no later than March 31, 2021.”

Any reason why you think there will be news tomorrow specifically?

Seems like a combination of a huge sell that triggered additional stop losses on the way down. Price action is weird. Not worrying long term.

Yep, I’m really liking the patterns I’m seeing. Setting new lows with each step up. Let’s see slow, sustainable growth over time with strong supports as we climb!

I’d be happy if we close at/above .17

Started a position in RXMD last week, seems like this is just the beginning! Had a question for the longtime holders in here.

Has the reverse split been 100% confirmed to happen? Or is there a possibility no split will occur if the PPS can reach the desired threshold? Not sure how feasible/realistic that would be, but it seems this stock is gaining momentum quickly with each day.

I tried to warn you guys. Hope it works out in the end... I guess only time will tell now.

You're correct, it can change at any time but there is no guarantee. I guess it's up to you if you want to gamble.

Those terms are synonymous, your statement doesn't make sense.

Thank you for being a voice of reason. I also sold at a loss, you will bounce back! Good luck to you as well.

There are a few things wrong with this post and I don't want wrong information to spread.

First, the shares we are currently holding ARE ADSs. An ADS share is what we purchase as U.S. shareholders. An ADS share is a U.S. version of a non-U.S. (in this case Chinese) stock. The relationship of ADS shares with their underlying ordinary share counterparts is defined in the ADR facility. So when we are talking about the share conversion, your broker SHOULD either give you the option to participate in the ADR termination or you have to tell them you want to participate. At least for TDA, this is not an automatic process. If you are given the option to participate by your broker and you choose to do so, your broker will facilitate the process of converting your ADS shares to the underlying ordinary share. Since the ADR will be terminated, this conversion is necessary as the ADS shares will hold no value upon ADR termination. So in this case, you should be granted 16 ordinary shares for every 1 ADS share you own.

Second, I think your statement is wrong ("People are selling because they do not want to convert to ADS'S"). Assuming you meant ordinary shares instead of ADS's, the fact is that I am being told by TD Ameritrade that they CAN NOT convert the ADS's to ordinary shares. The conversion cannot be done by them. The reason they gave is that the EO is blocking them from doing so. So if you hold onto the ADS's through termination with TDA, they may end up worthless since those ADS shares cannot be converted, and additionally cannot be liquidated post-termination since the only way to do that would be through their local market, which cannot be done since CCIHY is not traded publicly on any local exchange.

Please see my previous post for further details: https://investorshub.advfn.com/boards/read_msg.aspx?message_id=161335334

Again, I can only speak on what I've been told by TD Ameritrade. Please speak to your broker if you have questions. This post only applies to what I've been told by TD Ameritrade. If you don't believe me, call them yourself and verify the information (regardless if you believe me or not, I think it's wise for everyone to do this for your own benefit).

I am also reiterating that this post is not intended to create fear for no reason. I am trying to let people know about an issue I believe to be real (with TD Ameritrade, at least), and the possible negative consequences that can result.

Here is what I know, I tried to distill it down to the basics:

- CCIHY is a Chinese company.

- When you purchase CCIHY shares, you are actually purchasing a U.S. version of them (ADR).

- The (ordinary) Chinese version is usually traded publicly on a local (Chinese) exchange.

- The ADR agreement is going to be terminated on February 5th. This means the U.S. (ADR) shares will be de-listed, meaning you cannot trade these shares any longer. Note that this does not affect the ordinary shares.

- Usually, your broker (in my case, TD Ameritrade) will allow you to participate in the termination and exchange your ADR shares for ordinary shares before the termination date. This means they will exchange your ADR shares for ordinary shares.

- Ordinary shares belong to their local (Chinese) market so they cannot be traded in the U.S., but holding these ordinary shares still allows you to be a shareholder in the company.

- If the company decides to re-list again in the U.S., you will be able to convert your ordinary shares back to the U.S. equivalent.

The issue I am currently trying to bring awareness to is the fact that TD Ameritrade is currently claiming that they cannot convert our ADR shares to ordinary shares.

This means that if you're still holding ADR shares past the termination date, TD Ameritrade first will try to liquidate (sell) your ADR shares, presumably by selling the matching ordinary shares in the local (Chinese) market.

However, it seems like the ordinary shares for ChinaCache are not traded publicly in any local exchange, meaning they are privately held ordinary shares.

Since TD Ameritrade is claiming they cannot facilitate your participation in the ADR termination, this means there's a possibility that:
(1) your ADR shares cannot be converted to ordinary shares, and
(2) your ADR shares also cannot be sold in their local (Chinese) market as they are privately held

So where does that leave you? If you hold your ADR shares through termination and the above two points hold true, then your ADR shares may end up being worthless. Which means you lose 100% of whatever you invested in purchasing the shares.

Note that I can only speak on TD Ameritrade. I don't know the policies of other brokers.

To answer your question, it may apply to other Chinese companies. Per Executive Order 13959:

"858. In certain cases, the names of the entities published in the Annex to E.O. 13959 or subsequently identified pursuant to E.O. 13959 as Communist Chinese military companies do not match the names of issuers of publicly traded securities. How do I know which entity is subject to the prohibitions under E.O. 13959?

The prohibitions in E.O. 13959 apply with respect to publicly traded securities (or any publicly traded securities that are derivative of, or are designed to provide investment exposure to, such securities) of an entity with a name that exactly or closely matches the name of an entity identified in the Annex to E.O. 13959[url][/url][tag]insert-text-here[/tag] (effectively January 11, 2021) or subsequently identified pursuant to E.O. 13959 (effective 60 days subsequent to public notice). To further implement E.O. 13959, OFAC has published a list on its website (PDF; CSV) containing the names of entities identified in or pursuant to E.O. 13959 as Communist Chinese military companies, along with additional identifying information where possible. See FAQ 857 for additional information regarding subsidiaries of identified entities."

Source: https://home.treasury.gov/policy-issues/financial-sanctions/faqs/topic/5671

Basically (per the red bolded section above), even though EO 13959 doesn't specifically list CCIHY as a banned company in their list, the EO allows them to interpret any companies with similar sounding names to also be affected. This is what I was told by TD Ameritrade.

If you have a specific company in mind, I suggest you call them and ask.

Update from TD Ameritrade.

Also, before I begin: I am not fear mongering. I am just speaking on the information I have available to me and letting others know in case they want to be aware. Do with it as you see fit.

Spoke to someone at TD this morning (again) and they said the executive order is still preventing them from processing the ADR termination. They also said if I am holding any shares past the termination date, those shares may end up worthless.

I realize that things can change within the next week. It's possible BaishanCloud or ChinaCache can release more news, filings, or information confirming their plans. I am well aware of that.

However, at this point I feel the risks outweigh the benefits. I am not comfortable with TD's answers and there are too many unknowns heading into the final week. Therefore, I have liquidated my position at a loss and will move on. I feel lucky that I at least have made some gains from other investments recently that can offset the loss I sustained.

I sincerely hope it works out for everyone still in. Good luck to you all!

P.S: From speaking with TDA multiple times over the past week, I have gained a lot of insight into the current situation. There is a reason I liquidated my position. If anyone has further questions or thinks I am posting this in bad faith, I am happy to discuss further with my reasoning and the basis of my decision.

I think it depends on the broker. From my understanding, I don’t believe your shares are converted automatically if your broker is TD Ameritrade.

I believe you’re with Fidelity? It seems like they are allowing the conversion, which TDA is not allowing at the moment.

The ADR is still being terminated so conversion is still necessary.

The TD person I spoke with said they sent a request to their compliance department asking about GL 1A and will contact me if there is any update. Best case scenario GL 1A overturns EO 13959 which should then allow us to participate in ADR termination and convert our ADR shares to the underlying ordinary shares.

Hopefully I get some positive news back from them. Regardless, I will likely follow up with them every day within the next week.

GREAT NEWS, especially for TD users! Thanks for sharing!

If you guys are with TD Ameritrade please contact them to let them know about this! I am attempting to get on the phone with them now.

This new General License 1A SHOULD directly resolve the issue TDA is referencing with respect to the Executive Order 13959 blocking them from converting the ADR shares. I emphasize SHOULD because TDA has been anything but helpful or clear about their reasoning and directives so far.

Per Reuters: "The United States on Wednesday updated its ban on investments in certain Chinese military companies by delaying until May the application of the directiveâ s restrictions on companies with names similar to those that have been blacklisted.

In a statement posted on the U.S. Treasury Department website, the Biden administration said most investments in companies â whose name closely matches, but does not exactly match, the name of a Communist Chinese military companyâ would be allowed until May 27, extending the deadline which was originally set to Jan. 28."

More sources:
(1) https://home.treasury.gov/system/files/126/ccmc_gl1a_01272021_1.pdf
(2) https://home.treasury.gov/policy-issues/financial-sanctions/recent-actions/20210127
(3) https://home.treasury.gov/policy-issues/financial-sanctions/faqs/878
(4) https://www.reuters.com/article/us-usa-china-sanctions/u-s-treasury-amends-investment-bans-on-chinese-military-cos-website-idUSKBN29W1JK?il=0
(5) https://www.ft.com/content/d4af927a-8800-4d2d-8b52-2e71339e8827

Thank you!

I have definitely considered that as well, risky like you said but I'm not sure I have many other choices if it comes down to it. Still trying to explore my options at different brokers and may still follow up with TDA one more time...

Would you happen to have the phone number for the International Trade Group department at Fidelity?

Thanks for the reply rich, what you explained is exactly what I was expecting to happen with TDA though by their indication this is something they currently cannot do.

Can you confirm if you're located in the United States? If not, where are you located? If you are in the US, I'm wondering why it seems the executive order is preventing TDA from performing such actions whereas Fidelity doesn't seem to have that issue as your situation proves.

Since the ordinary shares are not traded on any local exchange, the conversion from ADR shares to ordinary shares would indeed result in you holding shares in the privately held ChinaCache. The fact that Fidelity was able to confirm they will hold these for you is great news for you.

Although once your ADR shares are converted they are technically "worthless" since there will be no market for them post-termination, if you are confident in the BaishanCloud-ChinaCache merger happening, then you should assume the stock has a good chance of being re-listed at some point. In which case, it's value would likely increase.

I would definitely explore Fidelity as an option to transfer my shares to if I could, but after speaking with them it seems like they require a minimum share price of 25 cents for any security you want to transfer to them.

You definitely make a great point regarding the 8k, hoping for that as well. Congrats on getting more shares in on a great price as well