RCC Holdings Corp fka RCCH

[frogdreaming]

Well that seems to be the 'defense'.

Took me a while to catch up on the good ship RCC Hopeless. So old newton sold a minimum of 2.1 billion discounted shares to a scam outfit. (LMAO)

The scammer gets scammed!!!!!!!!!!!!!!

The spin seems to revolve around the possibility that Newton had no idea who he was dealing with although it does make him look like a complete idiot. According to the SEC the transactions between Newton and Gendarme took place over a span of several months. This time frame is clearly required in order to transact so many shares without exceeding the 5% reporting threshold. So it means that even though Gendarme had to keep selling the shares in order to come back to Newton for more and stay under the threshold, he was still completely oblivious to the sales and kept selling what he considered to be restricted shares. How anyone could be so foolish doesn't seem to be part of the spin, just that Newton is innocent of any wrong doing. Hard to pretend he is an innocent dupe under such circumstances but any other interpretation is so much worse. LOL

RCC Holdings, Inc. (“RCCH”): From September 2008 through January 2009,
Gendarme acquired RCCH shares from the issuer.