RCC Holdings Corp fka RCCH

[johnnyfiber]

What I will point out is the trade settlement process that seems to be so elusive to some. Posting "day of non-settled trades" has nothing to do with the actual settlement of shares.

T+1
NSCC’s guarantee of settlement generally begins midnight between
T+1 and T+2. At this point, NSCC steps into the middle of a trade
and assumes the role of central counterparty, taking on the buyer’s
credit risk and the seller’s delivery risk. This guarantee eliminates
uncertainty for market participants and inspires public confidence.
T+2
NSCC issues broker/dealers summaries of all compared trades,
including information on the net positions of each security due or
owed for settlement.
T+3
T+3 is settlement – the delivery of securities to net buyers and
payments of money to net sellers. Broker/dealers instruct their settling
banks to send or receive funds (through the Federal Reserve System)
to/from DTC as NSCC’s agent. Securities generally do not change
hands physically. DTC transfers ownership between broker/dealers’
accounts by book-entry electronic movements.

http://www.dtcc.com/downloads/about/Broker_to_Broker_Trade.pdf