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frogdreaming

01/08/11 7:26 PM

#89812 RE: ditch72 #89811

They are making a case because of the manner in which the legal shares were released.

not valid RCCH shares, they are illegal, the SEC is not making a case out of this because they are "legal"


They are NOT illegal shares. The timing of the sale made the sellers criminal.

This is a victimless crime. It is a circumvention of established process, not a sale of illegal shares.

No one was hurt in the violation, there is not and will not be any redress, just fines for the culprits.

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EarnestDD

01/08/11 10:17 PM

#89838 RE: ditch72 #89811

The SEC is only making an issue of the TIMING of the RCCH share sales.

The RCCH shares are legal and outstanding.
jmo