RCC Holdings Corp fka RCCH

[frogdreaming]

Are you seriously suggesting that you don't know why there was a bid?

I believe your insight and commentary on the recent development of a bid (albeit temporary) would be of interest to those that follow the board.

You do now that the DTCC has placed a GLOBAL LOCK on the clearing of any shares of RCCH, don't you?

You know therefore that brokers can't buy or trade shares for their clients between brokers or between any entities that require the transactions be cleared, don't you?

You can then assumably deduce that even those brokers willing to trade shares for their clients have a seriously limited market in which to practice their craft. They can't buy shares from other brokers, they can't buy shares from MM's who might be selling off the RCCH printing press they can't even trade shares with other like minded brokers who are willing to support their clients in the face of the global lock. They can't trade shares with anyone that requires the transaction to be cleared (pretty much anyone).

They can only trade the already cleared shares they have within their own clients portfolios. Such a limited market limits the supply. If there is a resident client willing to pay a price that supports a spread, the broker can present a 'bid' to his in house clients to complete the deal. Those shares do not need to be cleared as the broker controls both ends of the trade.

As the trading market shrinks due to the number of brokers being unable to find in-house deals the volumes will shrink but the pps will see little blips. The unfortunate result is that if the broker providing the 'bid' is not your broker you will be unable to take advantage of the situation.