Replies to post #105090 on RCC Holdings Corp fka RCCH

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Minnesinger, regarding your question, yes, newty could have sold shares to Gendarme to repay a portion of RCCH's note due to newty personally.

There are, of course, other possibilities. Newty could have converted his note into shares (after a one year period) and sold those shares himself in addition to selling the 2.1 billion to Gendarme.

Not sure if some of the web releases have been removed. I spent only a couple of minutes and could not find the web release where it stated that newty would be releasing financial statements, RCCH is only a development stage company and RCCH was issuing preferreds to the control person, so they would be in control of the company.

What I mean is maybe, newty converted some of his debt to preferred to solidify his control of the company.

There are many possibilities, but without a share structure, it is impossible to tell what has gone on and who owns what.