Replies to post #98684 on RCC Holdings Corp fka RCCH

[frogdreaming]

That is another misconception that supports the NSS mythology.

RCCH does not appear to be going bankrupt.

Try to explain what possible difference going bankrupt would make?

It is a part of the mythology that if a company can be driven into bankruptcy by a short attack, then there is no reason to cover a short position. This is nonsense. A company going bankrupt has no effect on the continued trading of the shares. The shares are traded by the investors who own them OUTSIDE of the company's existence.

DNAG for example ceased business operations, the management walked away from the company and the creditors ceased all the assets of the company and sold them to get what ever they could. The company ceased to maintain its registrations and has not been in existence for several years yet the shares still trade (ironically at higher prices to RCCH). If those traders somehow manipulated a boost in the pps or a pump and dump run any nss would have to be covered. If someone came along and bought up the (still trading) shell they could force a squeeze.

The truth is that shares never lose their ability to trade. The only thing that would force trading to halt would be if the SEC shut them down and that would only occur if the company itself broke the law.

There is NO way for a short attack to ever cause a situation where the position would never have to be covered. SO we get back to economics. No entity with even two neurons to rub together would ever be stupid enough to short sell shares at .0001 per share. There is NO possible way to make any money since there is ALWAYS the threat of having to cover and since the cover would have to occur at .0001 or higher there is no margin for profit.

RCCH has NOT been naked shorted. The entire dilution dump occurred at .0001.

[EarnestDD]

Mcokpba ... I think we have a disconnect as there has NEVER been one iota of proof of any Evil Naked Short Sellers from Mars or any other nekkid shorters on RCCH.
Can you be so kind as to provide a verifiable link showing these dastardly shorts you speak of??
As to nervousness ... Gene is probably the only one feeling the heat for having "conspired" with Gendarme to violate numerous laws including the 5% threshold limits and removal of restrictive legends. The SEC has Geno in the crosshairs I would think.
Have a good evening.
RSVP next time.
jmo

[ThSeeker]

...NSS if any exist of course. lol) is jaw dropping huge at .0001 pps Yeah and they is why they probably covered already. If anyone "knew something" it would be the NSS folks.

[enaduotria]

This is a superb post and many feel this way. Great summary and as I've said before, each passing day here things are getting better and better!

[Anvil]

. I think CEO Gene Newton et al are being very smart waiting for the SEC decision and a legal foundation to be laid down before announcing financials

What SEC decision? Many people have posted that the SEC was not investigating RCCH, others said RCCH has been cleared. Looking at the court document in the matter of SEC vs. Gendarme, that case is really just got started and will be a long time to conclusion.

So if your are referring to the Gendarme case concluding before newton releases the financials, that could years.

If you are referring to another action the SEC has with RCCH, please share.

TIA

PS: Please share your thoughts on how 21% of A/S gets sold to Gendarme and newton doesn't make sure Gendarme reports its owneship.