RCC Holdings Corp fka RCCH

[Mr. Bill]

Ha LMAO. GVRP. OS=11 Float=1. Company admits Oops - we sold the ONE share 138,000 times. Geez we have a 3,000,000 to 1 FS too!!!

Guess what! Do you think the SHORTS covered?

Makes RCCH look like an anthill next to a huge mountain.

Nope! The SEC stepped in and assisted the company in crafting an illegal resolution- ie a RS "off the books" which was not sanctioned by the SEC. A partial insider only FS for the folks who sold (on purpose), and lots of free shares for the other "10" shares - which were also changed from a common share into a supercommon share which was immune from their informal unsanctioned RS.

Just got the brokers (who were in a bind along with the MMs too) to go along with it and went and did it.

To heck with the rules and regulations!!!

Of course the NASD and SEC referenced the events with GVRP (but not the symbol itself LMAO) in calling for more powers! They abused the powers they had, why do they need more?

If MMs and brokers have a problem here you will get screwed. The stocks that run are ones where traders have made a mistake and MMs have inventory.