Replies to post #31032 on RCC Holdings Corp fka RCCH

[Stock_*Explorer]

Well he is peeeezed at the pps, I know that.

[dahbmw]

Some things are not always what the seem to be.
Keep in mind that the main priority of the SEC and the DTCC is to protect their own at all cost, shareholders be damned. It's a lesson that can take some years to grasp, but it is proven true over and over again.
Also, you'll discover that sometimes being illegal has no bearing. They will do what they please with impunity.
Granted this concept seem great but be cautious financially and emotionally. Hope the CEO can not be bought. Most can.

[mainuh]

morning ghcnj et al~
I haven't gotten a definitive answer on that subject...yet....but durk could be right.
This is totally different than most any other pink uplist that goes to the otcbb first. In that scenario the company always notifies the shareholders of the uplist a week or two in advance, as it is a big step. In RCCH's case, going to an international exchange and skipping the otcbb altogether is unusual but most likely has been done in the past, we just haven't found an example. Regardless, why I say the company will notify the world of the cutover date is because all the agencies that oversee the market, SEC/FINRA and the DTCC have to be notified when the company wants to make the move. Whether we hear about it or not remains to be seen. Our brokers will get notified by the DTCC and SEC with the notices they send out, and typically they require a week or two to get the word to the brokers so they can make the changes and cover their short if they have one. My assumption is the changes will get listed on the Daily List the day before it's official as is standard, but we should be notified a week or possibly two in advance via pr. The symbol and cusip will change most likely, and the number of shares/certs will be accounted for, any short discrepancy will have to be bought in, because once the move is made to the new exchange the new mm's will support the pps much higher than it is, you can count on that,lol~
If there is a legal way where the company can just uplist and no waiting for cutover, then more power to them, the shorts would have no choice but to pay the uplisted pps to start for covering.
Either way is good for us, one would just give them a bit more time to get shares while on the pinks, the other would decimate them overnight, imo, we get the cutover date in advance so they have a chance to get shares before the move. The stock will fly during that time too~
I haven't asked Newton and doubt he could answer while he is gagged during this time, so I am trying to find out from elsewhere, no luck yet, will post if I do find an answer~