RCC Holdings Corp fka RCCH

[frogdreaming]

Pay attention.

I was explaining the lack of requirements for stock to be 'registered'. Stocks themselves are NEVER registered. Only the sale of the stock needs to be registered so that the SEC can track who is underwriting the various stocks.

Consider the person who buys old cars and fixes them up to sell.

Up to a point he is free to buy a car fix it up and sell it on the open market. However at some point depending on the local regulations and the number of cars involved he must REGISTER as a used car dealer in order to continue to do business.

If he doesn't register with the authorities he has broken the law and can be fined, on the other hand anyone who bought a car from him after he passed the local threshold for cars sold, still has a 'legal' car and has not been victimized in any way. If he is caught and fined, no one is going to recall any cars that he sold or define them as being 'illegal' cars. LOL