Replies to post #101300 on RCC Holdings Corp fka RCCH

[centflaparrothead]

AS IT PERTAINS TO BUSINESS..
rcch has none. unless you have a link to show revs.

[S-BEES-BUMBLEBEE]

Poor souls they are.. wonderin` also!!! ;-)

I wonder how some people get through life without knowing the meaning of a simple phrase as in the case of the RCCH PR ???

Use of the world “Sole” means - Being the only one.

AS IT PERTAINS TO BUSINESS..
Upon reaching a decision to organize or acquire a subsidiary corporation, the business enterprise parent controls its subsidiary by being its sole stockholder. By holding, i.e., owning all of the subsidiary's voting stock, the parent has the power to elect and remove the entire board of directors.

To maintain control of a subsidiary and at the same time allow the subsidiary to operate as an independent entity under the direction of its board of directors, a parent business enterprise should: (1) be the sole shareholder;


... Use of the world “Sole” means - Being the only one.

... "Subsidiaries" is plural (I hope that word is known) LOL.

It’s like saying: “I am the sole owner of 20 cars”

Stating “Sole Subsidiaries” in a Press Release speaks volumes. It means RCCH is the sole owner of many companies. Hope this helps educate.

Look it up.

You`re so right with that, bro.. ;-) ~jmo~

[frogdreaming]

My apologies, I now understand your position. You have stated more than once that 'sole subsidiary' means the same as 'sole' owner'. Since most of us know that a subsidiary and an owner are two distinct and separate entities it stands to reason that there is room for confusion on this point. Obviously in normal usage the terms are not interchangeable. However, given your obvious intimate familiarity with RCCH and the the known fact that all of the recent acquisitions are merely inventions of the owner it is an arguable premise that the 'owner' and the 'subsidiary' are the exact same entity. Making your argument, if not correct, at least understandable. LOL