Bancorp International Group Inc (fka BCIT)

[SevenTenEleven]

BCIT - All the brokers need do is contact the electronic shareholders and negotiate private settlement to close out the naked short interest in their accounts. No certs required to do so, and no delivers needed.

They are attempting to do this through misinformation in the "twitter speak" and through communications with uninformed and unaligned shareholders. What they are attempting to do is get settlement at $1 for the entire position held in electronic form, not the $1-plus per share that I believe the naked short interest is worth.

The longer they wait to buy locates and/or close out open interest in private settlements, the more expensive it is going to cost them, and the more value will be created in a possible one-time dividend distribution by the company.

I hold shares in a number of other similarly targeted OTC Pinks. My going price for "closeout" and "settlement" currently $1/share as well.

Tic Toc