mainuh's Christmas special for you guys!
Listen up, this one is a good one to buy and hold into January and beyond, imo:
RCCH
b x a is .0001 x .0002
Company is UPLISTING(not dual listing, big difference) to an International Exchange, best guess is either the LSE or the Hong Kong Exchange and leaving the US exhanges altogether because of the naked shorting.
No r/s either.
Last known OS was 340 Million before gag, gag was done for uplisting purposes.
The new exchange has yet to put out the pr that will tell us which exchange they are moving to. I expect that pr after the new year, possibly sooner but unlikely.
Stock was at .95 before the shorters stepped in and killed the pps.
Uplisting process has been ongoing since before the May 15, 2008 pr where they declared they were going to uplist.
Volume has been over the AS in trades, recently the AS was lowered, but best guesstimate of the OS will be from 340 million to 500-600 million after uplist, we still do not know, but all signs point to that share structure, imo.
Word is the company turned down offer from NYSE to uplist there, and you have to be worth 3$ to list there, so...........it could be a fantastic run when the cutover date is announced, which could come anyday now, pr's typically come out Wednesday at 10:00 AM EST, may not see a pr because of holidays. If so, expect one the first week of January hopefully with the cutover date.
Company is a pink, and there is only one way to leapfrog up to a big board exchange and that is to have the assets to make the move, apparently they do have what is required, as the audit has been submitted to the exchange for approval. We have yet to see the audit at this point, but should by the time they uplist or shortly afterwards imo.
There's a ton of DD on the ihub RCCH board ibox, please review it all.
Scottrade is not allowing buys of the stock, some other brokers are making you call in the buys, ST/NITE is short big time apparently, so they pull the no buy bs.
There should be a two week period before the move and cutover to the new exchange where the short has to be covered, and as of now, some shareholders collectively hold more than the last known OS, so the covering should propel the stock when the final tally is done and the books HAVE to be reconciled before the company leaves the US exchanges. Company is not selling shares either, and approximately 75% of the OS is restricted,(not sure of this number btw) and the restricted shares sold for 1.50 we have been told.
Check it out and do your DD~
Merry Christmas all!
You can tell who's hit by who's hollerin'
