Dom, that's a tough one. There are definitely the serial pinksheet players which are scams. By players, I mean those that control numerous shells, install new management, concept and dilute. I would say that is 50% of the market.
Then there are the ego driven CEO's that take over a shell, and don't mind making ridiculous claims, dilute and the stock quickly crashes and burns. Call that 35%.
Then there are CEO's that really are trying to build a company. After realizing how the pinksheet market works, that is, investors down here don't want to hold a stock long term, so they volatility and constant press releases and pay for promo's, issue fluffy press releases, etc.
The other way to go, is more painful, and the path I prefer, just stick to a business plan, provide meaningful pr's, dilute only when necessary and keep in touch with shareholders. Unfortunately, this recipe makes it tough to raise capital and not many pay attention to your stock. It does create a core group of longs. Very few Companies that follow this path make it.
In terms of RCCH, my honest assestment is that Newton was not a very smart person or versed in the OTC market. One look at the failed S-1 demonstrates this. He was successful at buying EZ Debt, but unfortunately, charging upfront loan fess was illegal. After that, I think IWS was good, but IMO, he made promises to fund it that he could not keep. He then choose the BS fluff route, dilution killed the stock and then getting caught in the Gendarme fiasco, was the nail in the coffin.
At this point, IMO, we will never hear from Newton again and this shell will sit for years only to be delisted.
News 
Market Data 
Discover 
