What happens to those 2.1 B illegal shares is another matter.
There's nothing illegal about those shares, they were bought and paid for, RCCH received the money for them. They're in the float and that's where they'll stay. Gendarme sold them early without the proper exemption, which is why the SEC nailed them. To believe anything else would mean you have to ignore what the SEC wrote in their complaint.
Populus vult decipi, et decipiatur
"The people wish to be deceived, so let them be deceived."