Subterfuge?
In what way? Trying to mislead the SEC, the investors, who?
Not exactly a reasonable response but let's continue.
One of the main arguments given here is the value of IWS. Several people including you have stated that they aren't interested in any 'short squeeze' or uplist, but are here because of the potential growth of the IWS systems. Others quote the EPA certifications as proof of the viability of RCCH. Given those facts, what are your assumptions regarding the connection between RCCH and IWS? There doesn't seem to be any paper trail that connects them other than a few PRs. The filings suggest that nothing changed hands during the alleged 'merger/takeover/purchase'. So what do you think is the connection?
On Aug. 27, 2007, the virtually penniless RCC announced that it had entered into a non-binding letter of intent to purchase International Wastewater Systems (IWS). Two days later, the deal with the wastewater treatment company was reportedly completed and IWS quickly became the centrepiece of RCC's promotion.
Exactly how cash-strapped RCC managed to pay for IWS is a mystery and no clues as to either the amount or type of payment can be found in any of the company's fluffy news releases or in the last of the so-called quarterly financial statements that the company issued on Nov. 6, 2007.
How did they buy it? With money? With stock? Gentleman's agreement? Handshake? Do they really own it? Does it even still exist? Is it the ghost of a company that once existed, but ceased operations? What is it?
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