RCC Holdings Corp fka RCCH

[frogdreaming]

You read it wrong.

The way I read it is that if the shares were restricted and had no voting rights, then RCCH would not be in violation of the 5% rule.

The shares were restricted from sale, that's all. They still had the voting rights.

RCCH would not be in violation of the 5% rule in any case as it was Gendarme who owned the stock. The point being made (and intentionally missed) is that Newton would know how many shares Gendarme had and how much ownership they had obtained. His silence on the matter is the 'smoking gun' that we are discussing. He either enabled the sale of multiple tranches of RCCH stock in a conspiratorial effort to circumvent the 5% rule or he sold the entire 21% of the company to Gendarme at once and then did not inform the SEC when Gendarme violated the law by not filing the necessary paperwork announcing the acquisition. In either case he is complicit.