RCC Holdings Corp fka RCCH

[mcokpba]

For new investors and guests on the IHub RCCH Message Board a review of some recent posts.

On August 5, 2011 The Depository Trust Company issued an Important Notice with the Subject : Clean up of Aged Fails in Select Globally Locked CUSIPs
DTC will support a program to facilitate the industry's clean up of aged fails in select globally locked securities. This notice details the information necessary for firms to participate in this program, which is scheduled to occur during the period August 15, 2011 through August 19, 2011

.............Despite these improvements, Participants and DTC have a legacy issue of accumulated trade fails that occurred prior to these enhancements.

http://www.dtcc.com/downloads/legal/imp_notices/2011/dtc/set/0846-11.pdf

RCCH, the subject of this IHub board, was number 40 or 95 Locked CUSIPs listed in the Important Notice.

My comment – As guests on this board you will quickly notice that there are two dominant camps of thought about RCCH. In my opinion it is not an exaggeration to say that the two dominant views are strongly opposed to each other.

Andy e (post 100760) - NAAAAAHAHAHAHAHAHA...!!!!!!!
RCCH is the biggest turd on Ihub. Some of the lucky ones managed to dump this POS when we had a bid! The ask will never get past.0002 ....

Jimthorpe (post 100771) - RCCH is golden...(post 100784) - U CAN SELL RCCH, DONT LET FEAR AND DOUBT HELP YOU SELL,(post 100726) - countries are tired of shorting stocks what happens when they go after NSS

Frogdreaming and ThSeeker squarely place the blame for the current situation on the company and RCCH CEO Gene Newton.

Frogdreaming (post 100833 ) - Anyone here presenting the rational outlook to the board has no interest in what existing investors do with their shares, they are only interested in countering the obvious and unethical attempts to convince new (and existing investors) into buying any more shares in a worthless and corrupt company.

ThSeeker (post 100344) - You are blaming the wrong people. This is totally on Gene. It is his business and as far as I can see there is no business. Just fluff, smoke and mirrors. So what if Gene dumped billions of at a discount thinking that the one he dumped to would hold the share for a year. He still dumped billions at a discount at a time when many here claimed RCCH was fine and would do fine and had many healthy businesses and worth dollars...etc. RCC business sucks and has so for a VERY LONG TIME. The blame belong on GENE PERIOD. As we are seeing we cannot blame NSS and should not BLAME DTC. If Gene would get his ass in gear and get TONS of business we would do well. I say tons of business not just one contract because of the severe dilution that has taken place the since the days he said RCC was worth $3+.

My comment - I disagree with ThSeeker and frogdeaming and place the blame on corrupt forces outside the company. To remain within the IHUB TOU policy I will limit my discussion to RCCH only.

Trent777 squarely places the blame for the current situation on Naked Short Sellers.

Trent 777 (post 100513) - Longs keeping hold tight. TA gagged and there is going to be a cover soon. They hoped RCCH would have been buried and out of business by now so no need to cover. The opposite has happened, RCCH has got stronger just check out the website. This is Federal now, games stop. You have to settle or you pay back huge......GLTA jmo

My comment – I once had a message board discussion with ThSeeker about Due Diligence on RCCH his reply follows. I cite his second post as a brief( in his own words) summary for his pessimism.

ThSeeker (post 100673) - Agree there is a third way to DD. Total pessimism. Some do that.
Which is worse. Total optimism or pessimism when it comes to RCCH.
Both bad aren't they? Which is more justified though based on last 3 years, including recent events?

ThSeeker (post 100386) - Very very slowly the die hards are beginning to see that wild speculation just is not working for them. One by one the things they were putting stock in are being shown for that they are, imagination and wishful thinking. Each twist of the truth fails to come true. NSS forced to cover, PRs on real business, financials, uplist, new contracts, law suits and on and on. Just nothing of substance ever result from these opinion and misinterpretation off what is posted.
Each thing must be objectively judged. But that always give an answer they do not like and thus it gets twisted around until the words fit the pro agenda.
Maybe next week we get something that is truly positive with no twisting of facts or meaning. Boy would that be refreshing.
Awesome $1-3 stock ???? Never could figure how the math works for that prediction.

My comment – I understand ThSeeker's objective arguments for pessimism. I am not happy about the slow progess either.

ThSeeker (post 100828)- That said I am holding my shares.

My comment - I continue to remain optimistic and will also continue to Hold my shares LONG because I see a larger picture at play and with patience my investment will end with a life changing positive result. In post 100676 Anvil said “Yes, I am capable of posting some constructive info on RCCH.” Anvil, thank you for that post and I provide the link directly to the web blog, MicroCap Strock Crisis and What You Can to Avoid it by Tom Allinder 17 July 2011.

http://www.hotstockchat.com/micro-cap-stock-crisis-and-what-you-can-to-avoid-it/

Part 2 of the article is here,

http://www.hotstockchat.com/stock-crisis-part-2-helping-micro-cap-companies/

I realize and am fully aware that RCCH is on the DTCC list. Someone called the list, “the parade of stock debris.” I would agree that this list is not a list you want to see your investment on.

I believe (I can hear ThSeeker screaming you are just speculating again!!!!!!) RCCH will be an exception to the general rule and will get clearance from DTCC to trade again. As the Allinder blog suggests the transparency, both camps agree is needed, is coming. RCCH is a non-reporting pink. The TA is gagged. This situation is causing as much consternation to the naked short sellers as it does to me as a retail investor. All Newton has to do is file the once a year state filings and do the same with the SEC once a year. Thus far he has done so.

I am waiting for Court Judge K.J. Mueller to rule on the Defendant’s motion (filed in May 2001) to strike/dismiss in U.S. District Eastern District of California cv-00053. You can follow the case by registering with pacer at [e-mail]. If that motion is denied discovery would be the next procedural event. I could be wrong but I do not see this case going to discovery. When the Gendarme Capital Corporation Case CV00053 is resolved it is my opinion that Gendarme will plead no contest to all the allegations. I believe Gendarme” sold” more shares than they “acquired” from the issuer. The restricted shares that Gendarme sold violated SEC rules IMO. Cassandra Armento, (Gendarme’s attorney) allegedly issued fraudulent letters concerning the status of the RCCH and other pink listed company shares. I believe RCCH will be able to rescind the original business transaction between themselves and Gendarme. There are many ways that a company can achieve a full accounting of their respective shares on the market. One possibility is for CEO Gene Newton to ask for a “NOBO” list (see below). When the DTCC NOBO list is pulled it will indicate a true picture of what is outstanding and what is sold short. Then Shortstoppers (Lux and Essman) will file papers to enforce a Rule 203(b) buy in.
Until the legal environment becomes clear my own personal cost-benefit analysis leads to my current strong HOLD investment decision. In my opinion, CEO Gene Newton is waiting for the legal timing to be right before releasing the financials. I believe he is protecting my investment and I am willing to wait for all the legal events to occur to see how this all plays out.

Disclosure (My first investment in RCCH was at .02 // My cost average is .0006 // I do not receive any compensation (money or shares) for posts // I am a retail investor with no affiliation with any company except my current employer a transportation company)