InvestorsHub Logo
Followers 39
Posts 2158
Boards Moderated 0
Alias Born 10/31/2006

Re: banchrima post# 22450

Monday, 09/15/2008 3:24:16 PM

Monday, September 15, 2008 3:24:16 PM

Post# of 118239
I don't get any enjoyment out of what Newton has done. I expect next he will try to walk with the privately held IWS shares from that Florida filing along with Smith so they can keep personal control of it.

I think Newton's personal loan to RCCH for $800,000 is basically lost. The interest alone of $48,000 a year exceeds the market cap. He is going to try and milk the last few bucks out of RCCH IMO then walk. I see no tender being made now and certainly no uplisting to a foreign exchange.

Newton is toast and he knows it. Why the continued silence in light of the collapse of his company? I think he has made himself a legal sheet hole that he can't crawl out of easily if at all. Who wants to spend the money to go after him? Probably no one here. I sure don't but might go to small claims court as this plays out. Need to do some more research into jurisdiction and so on and need more history as well.
Join InvestorsHub

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.