Replies to post #103399 on RCC Holdings Corp fka RCCH

[GJones]

JT says: RCCH O/S = 42 BILLION+

“Gerdame...i still don't see RCCH being Sued by SEC for selling 20 percent of shares...

Why is that..

Could it be because RCCH didn't sell 20percent but 5 percent or less,,,HMMM,,

Source: http://investorshub.advfn.com/boards/read_msg.aspx?message_id=70251448

Really that’s your final answer?
Are you sure you don’t want to use one of your life lines ?
You want to phone a friend first?

So…..

Your “current premise” is that Gendarme sold less than 5% of the outstanding shares of RCCH?

Less than 5 Percent…..Really???

Gendarme sold more than 2.1 BILLION shares of RCCH, according to the SEC.

Here’s the relevant section of the SEC Filing:



The latest info on RCCH indicates that they have a share structure that authorizes up to 10 Billion shares.
(It’s in the iBox- you know that right?)



So you now say that…

Gendarme sold 2.1 BILLION shares of RCCH and….

2.1 BILLION is LESS than 5% (1/20th) of RCCH’s Outstanding shares.

So that means:

RCCH’s Outstanding Shares = 2.1 billion x 20 (or more)

RCCH’s Outstanding Shares = 42 BILLION+

Wow.... RCCH is certainly a water-downed POS now.

Thanks for your excellent DD JT.

(video)