Replies to post #30749 on RCC Holdings Corp fka RCCH

[ghcnj]

Fake shares have to be covered...Period. I had spoke to a retired broker from Merril Lynch. His opinion was most shares on the OTC are fake shares and never have to get covered because the companies will go BK, R/S and change the ticker to try again or just disappear. It is very rare that Pink Sheet companies actually have income and don't depend on selling shares to meet their monthly obligations. Since RCCH is one of those extremely rare companies they will have to cover at whatever price they can....Period. International Exchange will demand clean certs based on the audited share structure. NSS can't get around that. GL.

[mainuh]

NewbieAtThis, since you asked..........
if more shares are held by guys like us,then when this uplists there will be a "buy-in" of the oversold position, and there is a specific set of laws/Rules that govern how that is handled. Rule 203(b) is enforced, causing a fed margin call to the short brokers and broker dealers/mm's.
If you are holding shares long that have settled T+3 then you have nothing to do or worry about, but those that sold your broker the shares have to deliver what they sold, and the clock will be ticking for them, especially with this stock as it will be audited and uplisted.
The price is determined by the mm(s) on the new exchange, if they list this at Book Value at first without a market multiple, then once the audited numbers are known we can know what that Book Value is, and is where the stock will start from. If the shorts here woke up to a pps jump from the triple zero's to dollars then they will be scrambling (to say the least) to get good shares to deliver, they will be forced to pay what we're 'asking', period, they have to either get shares from us or the company, and if the company isn't selling stcok then we basically along with the new mm set the pps for the stock.
Of course, if news is put out concurrent with the uplisting that spurs new buying interest, then watch out shorty, lol!
Hope this helps.......