Replies to post #99968 on RCC Holdings Corp fka RCCH

[Minnesinger]

And you, too, are correct…

It has been obvious from the start that this is a minor housekeeping exercise, but as in every past event, the hype has no interest in reality, just looking for a situation to exploit.

This is, and will be, a non-event. Although, as you say, certain related to the company will attempt to exploit the DTCC action to perpetuate the NSS fable that many have attributed to RCCH. I haven’t read all of the jibber jabber from the weekend, but two thoughts come to mind.

First, as I alluded to when I first brought the DTCC action to the board’s attention, I hope that after the (non-)event week passes with meager volume, some of the faithful begin to realize that, indeed, the NSS conspiracy related to RCCH is nothing more than a fable perpetuated by the company in an attempt to mask egregious dilution. I mean, after all, if broker/dealers are given an "amnesty period" to clear their supposedly lopsided books and volume for the week fails to eclipse 50 million (100 million?), shouldn’t that send a clear message that the NSS conspiracy on RCCH is a fallacy? Shareholders with 100s of millions of shares in their brokerage accounts have rationalized their holdings as "air shares": Newton purportedly has claimed not to have diluted and they bought in hook, line and sinker.

Yet, they seem willing to sweep under the carpet of their conscious the well-known fact that Newton was soliciting private pledges, offering to sell shares direct. I’ve read a testament of such action on another forum where a RCCH shareholder states that after getting off the phone with Newton, he made a trip to the Post Office with haste to meet a deadline imposed upon him by Newton himself. This was in 2009. Was there an event in 2009 that transpired which I somehow missed? Or was this event a non-event…?

Then, of course, there’s Gendarme. I’ve no need to elaborate here as even the most deluded supporter cannot refute that Newton sold millions – and perhaps billions – behind shareholders backs. All the while claiming that the company was receiving revenue and not needing to sell shares to meet obligations.

My last thought on the matter is that, somehow, some way, I bet the company will trumpet the DTCC action as a victory on their part. They’ll probably spin the action as a consequence of their effort (Short Stoppers?) to combat NSS, despite the fact that the DTCC action applies to nearly a hundred other companies. In fact, I’ll wager that this is nothing more than a conciliatory gesture on the part of the DTCC to appease those companies who have beset regulatory agencies with cries of “NSS”. I suspect that, after the fact, this will be an instance of throwing a party and nobody showing up. For those RCCH shareholders anticipating billions in volume for the week and direct phone calls from broker/dealers seeking your shares, I hope you have a comfortable chair. You have a long, long wait in front of you.

Can't wait to hear the spin after August 19th; should make for a keen study in the art of fiction...