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funmaxus

09/20/09 9:33 PM

#72963 RE: EarnestDD #72956

In your prior post you wrote, "The TSX Corporate Finance Manual is VERY Specific about these types of deals. Unfortunately RCC has not EVEN completed any substantive negotiations with a CPC Shell that require an announcment. So any TSX listing is MONTHS away ... if ever. jmo "

Hasn't this already been explained?

"... It is a FACTUAL CONCLUSION that it is possible to complete a Qualifying Transaction in 7 days from the date that the exchange "approves" the "Agreement in Principle" (which has been under review by the exchange), the PR is released, simultaneously, proper filings are made with Sedar, 7 days later the "Final Exchange Bulletin" is released, (with exchange approval)."
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=41275201

and

"...The maximum allowable time for a CPC to complete a Qualifying Transaction once it has released an "Agreement in Principle" is 75 days. The minimum is 7 days. It is recommended that:


The Exchange recommends that a pre-filing conference, as contemplated by Policy 2.7 – Pre-Filing Conferences, be held by a CPC particularly where the Agreement In Principle or proposed Qualifying Transaction may involve unique or unusual circumstances.

In short: all your ducks are in a row. The CPC simultaneously releases the "Agreement in Principle" and files with SEDAR.

If shareholder approval is required, additional filings are made. IMO shareholder approval will not be required as Hess kept himself at "arm's lenght" by not being appointed to RCC's board.JMHO

The exchange then approves the transaction and authorizes the release of the "Final Exchange Bulletin". "
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=41262889

and

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=41254854

and

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=41253462

and

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=41252419

Here are some additional interesting links to ponder as well...Enjoy!

http://74.125.113.132/search?q=cache:HjxGNWu9mrEJ:www.frontlinecompliance.com/compliance_consultant_resources/7-09IA%2520Week%2520issue%2520Amy%2520Lynch%252007-06-09.pdf+rcc+holdings+corp+failed+to+deliver+report&cd=14&hl=en&ct=clnk&gl=us

http://www.sec.gov/comments/s7-20-08/s72008-179.pdf



http://investing.businessweek.com/research/stocks/private/board.asp?privcapId=28202772

http://investing.businessweek.com/research/stocks/private/people.asp?privcapId=28202772

http://www.businessinsider.com/henry-blodget-wall-streets-latest-trading-scam-that-costs-you-billions-2009-7

http://www.hotstocked.com/companies/r/rcc-holdings-corp-RCCH-insiders-68945.html

http://finance.aol.com/company/rcc-hldgs-corp-colo/rcch/nao/insider-transactions-insider?tf=3&pn=1&IID=16192274

http://www.1clickmoney.com/personal_finance/ca_ontario_personal_finance.shtml

http://www.scribd.com/doc/11997957/Las-Vegas-Hollywood-Magazine-Cannes-Film-Festival1


fun