Replies to post #2542 on RCMW Group Inc (fka RCMW)

[jkl146]

Jack he is back from where ever he was. We are a week and a half away from the 60 days from the initial LOI. Heres hoping!!! We need news.

[palmspringsbum]

If true, the implication is those 26.25M mystery shares are restricted. So who owns them?

BTW, I wasn't far off. What's 20M shares in the scheme of things?

Trading 120M shares in one day is rather suspicious if the float is only 129M shares. But it's not all that impossible. Everyone had just had their shares tripled, and the stock had run up enough that they could sell their stock dividend at a substantial profit...and hold the 'original' 3rd of their position.

When a stock is on a run like that a lot of shares get flipped in one day - buy in the morning, sell in the afternoon at 25% (or more) profit...