Replies to post #98685 on RCC Holdings Corp fka RCCH

[mcokpba]

Corporate Bankruptcy Mythology by the Securities and Exchange Commission.

Note: Investors should be cautious when buying common stock of companies in Chapter 11 bankruptcy. It is extremely risky and is likely to lead to financial loss. Although a company may emerge from bankruptcy as a viable entity, generally, the creditors and the bondholders become the new owners of the shares. In most instances, the company's plan of reorganization will cancel the existing equity shares. This happens in bankruptcy cases because secured and unsecured creditors are paid from the company's assets before common stockholders. And in situations where shareholders do participate in the plan, their shares are usually subject to substantial dilution.

The BOLD is by the SEC not mcokpba.

http://www.sec.gov/investor/pubs/bankrupt.htm

My turn, frogdreaming can you please explain what "cancel the existing equity shares" means?

Hint - The naked short sellers NEVER have to cover Federal Bankruptcy Court cancelled shares.

Note - I am still limited to only one post a day.

[Jimthorpe]

What happens if they shorted it from 1.50 years ago, boy is that allot of money that they made. I think it would be hard to cover some 3-5 billion shares but when that happens, KABOOM, GEne will make them cover and we will succeed in the making, Short stoppers, iws, a1 films, baida, mining,yantzee, airplanes, golf clubs,flowers, pharma, livestock, trucking, contracting, research and developent, lawsuits, NO SEC OR DTCC INVESTIGATION IN RCCH, THEY WOULD OF DONE THAT WITH GENDMANE, WE WILL FLY FROG, YOU SHOULD THINK ABOUT BUYING SOME,, You want my shares 1.00 plus,,,I want millions and i will wait it out,,Anyone see the crown on Biada,,anyone know if rcc holdings inc is a part of us,,IN EVERY STAte, just a thought,,,I think next we should make a movie of how MM and hedgies had to cover, I am looking forward to a great year,,,