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Re: mcokpba post# 98684

Monday, 06/27/2011 11:59:52 PM

Monday, June 27, 2011 11:59:52 PM

Post# of 118239
That is another misconception that supports the NSS mythology.

RCCH does not appear to be going bankrupt.



Try to explain what possible difference going bankrupt would make?

It is a part of the mythology that if a company can be driven into bankruptcy by a short attack, then there is no reason to cover a short position. This is nonsense. A company going bankrupt has no effect on the continued trading of the shares. The shares are traded by the investors who own them OUTSIDE of the company's existence.

DNAG for example ceased business operations, the management walked away from the company and the creditors ceased all the assets of the company and sold them to get what ever they could. The company ceased to maintain its registrations and has not been in existence for several years yet the shares still trade (ironically at higher prices to RCCH). If those traders somehow manipulated a boost in the pps or a pump and dump run any nss would have to be covered. If someone came along and bought up the (still trading) shell they could force a squeeze.

The truth is that shares never lose their ability to trade. The only thing that would force trading to halt would be if the SEC shut them down and that would only occur if the company itself broke the law.

There is NO way for a short attack to ever cause a situation where the position would never have to be covered. SO we get back to economics. No entity with even two neurons to rub together would ever be stupid enough to short sell shares at .0001 per share. There is NO possible way to make any money since there is ALWAYS the threat of having to cover and since the cover would have to occur at .0001 or higher there is no margin for profit.

RCCH has NOT been naked shorted. The entire dilution dump occurred at .0001.

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