The shares are just as valid as any others. The crime was in the timing of the sale nothing else.
They are authorized shares from the AS, they were sold voluntarily into the OS. Once in the OS they became a part of the capitalized share of the company.
Whether they were held by the purchasing owner or whether they were sold to someone else they are 'legal' tender in regards to ownership of the company. There are no restrictions on the current owner of the shares, in fact there is no possible way to differentiate them from shares sold legitimately.
No current owner has been harmed in any way.
The dilution and the dilutive effect of the share release happened when RCCH sold the shares to Gendarme. Once they were sold the shares entered the OS and the dilution was already accomplished.
The subsequent movement of those shares into the float had zero effect on their value, they just increased the liquidity of the market.
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.