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ghcnj

01/08/11 4:53 PM

#89798 RE: wjbatt07 #89797

Don't know what will happen with the more then 2.1 billion shares that were illegally dumped on RCCH. All I know is if they are forced to buy them back I don't know how that would happen unless they have a HUGE E & O liability policy. I think more float shares are held tight then would ever be available. Just waiting for additional news to come out like everybody else. At least the SEC verified that illegal dumping took place on RCCH by one company. I think there are more. IMO. Good luck to most.
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EarnestDD

01/08/11 10:12 PM

#89836 RE: wjbatt07 #89797

Newton quite likely helped Gendarme by issuing RCCH press releases that allowed Gendarme to sell into volume buying.
Gendarme had to stay under the 5% rule and could Never have bought all 2.1 Billion shares at one time.
Share purchases and sales were done in a series of transactions.
Gene knew or should have known what Gendarme was doing.
jmo