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Re: None

Tuesday, 05/27/2008 2:59:32 PM

Tuesday, May 27, 2008 2:59:32 PM

Post# of 118239
I have been reading and researching as much as I could on the subject of up listing to an major International Exchange. These are some of the things I have found that RCCH would have to do to complete the process. It is extensive.

-Submit a formal and excepted application. After the Exchange does their review and due diligences RCCH would have to supply the following.

-Interviews with all key personal (in person).

-History and background check of all key personal.

-Audit financial statements.

-Audited contracts (all signatures verified) legal letters of opinion

-Audited assets

-International gold medallion signatures in person. They do not take notarized signatures. What is this you ask ???? Basically it is the backing of a listed financial entity....A medallion signature guarantee may be obtained from a domestic bank or trust company, broker, dealer, clearing agency, savings association, or other financial institution which is participating in a medallion program recognized by the Securities Transfer Association.

-Audited transfer agent

-Nominated Adviser (Nomad). Must have continuous oversight and advice by the issuer's underwriter, referred to as a Nominated Adviser (Nomad). Nomads are liable for damages from tolerating misdemeanors on behalf of their supervised companies, including the loss of reputational capital.

-Must complete all the above not just one.

So to summarize my findings if RCCH is only 90% there at the present time and finishes this process up within the next sixty (60) days we are golden. I think PPS will be in dollar land. They must have been working on this for quite some time. RCCH has never put out a PR that hasn't happened. These are my findings.




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