It seems to me that many more are finally coming to grips with the reality that this company is never going to achieve anything. Clearly there has been no information from RCCH in many months. There is no activity on the market side, things are gradually grinding to a halt.
Several of you are beginning to accept the possibility that the company has failed and are trying to understand the reasons why. There is a faction that still believes that it is poor management that has caused the failure and are therefore upset with that management.
What I find interesting is that there are not more voices questioning the very validity of the company in the first place. There is ample evidence to suggest that this was a scam from the start. I expect that those people who were fooled by the facade are more willing to accept the possibility that a viable company has failed rather than the possibility that they were misled from the very beginning.
Look at the evidence.
Newton has been sued countless times for reneging on contracts. He has even been arrested for passing bad checks. In real life none of you would deal with him if you knew that about him.
There are obviously scandalous 'claims' in the various archives suggesting that the company owned up to 15 billion dollars in assets. What valid company makes such claims?
According to our resident expert DD master johnnyfiber, the company has no (as in zero) employees. How can any commercial waste water company exist without a sales force, an office staff, a design staff, a project management crew, etc.?
There is no documented evidence that RCCH paid a penny for IWS. In fact, according to johnny, Claude was 'given' IWS, as an empty shell with no assets, by Larry Wilcox. All evidence suggests that Claude and Gene got together and pooled their blue sky resources to see what they could do with them.
All of the intangibles (EPA etc.) that IWS is leveraging with the investor base predate Claude and Gene getting together.
All of the supposedly grand news releases are insubstantial. They consist of the possibilities of associations with other fairly tenuous entities. Someone go ahead and contact EZ debt for instance. Keeping in mind one of the tent poles of the pumpers tent was the 'visits' and phone calls' to EZ debt.
The emails and messages from Newton are enough, by themselves, to send any rational investor running for the hills. They are incoherent, misspelled, and contain no rational content. What possible credibility could such a person have in the real business world?
It will take a lot more time I'm sure until the opinion of the board swings far enough to consider these facts but I think it will eventually happen.
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