Bancorp International Group Inc (fka BCIT)

[SevenTenEleven]

BCIT - Shareholders, PLEASE BE ADVISED!

What Choice Trade is THREATENING to do is ILLEGAL!

Their switching clearing firms should have ZERO effect on the shares you are holding in your account, regardless of what they are worth. If their new clearing firm does not want to clear trades for these securities that meet, or don't meet, a specific criteria, so be it. But trades that should have been cleared through another clearing firm days, months, and years ago have no bearing on a new clearing firm being brought on. It's your right to hold and own these securities!

Please contact FINRA and contact BCIT to advise them is this has material impact on your current position with Choice Trade.

Action Required on Low Price Stocks



We have just been informed by our new clearing firm that they will not be able to accept penny stock positions valued at less than $0.003 per share, nor any Non-DTC eligible or Non-trading penny stock, as part of our conversion to them.

As such, if you wish to maintain your account with ChoiceTrade we must ask that you take one of the following actions:



1. Close out any stock position that you have that is valued at less than $0.003 per share.



Or



2. Write-Off such positions that you may deem to be worthless. To do so, log into your account, click on the red “Messages” button and download the form which has been made available and follow the instructions provided.



Or



3. Transfer such positions to another Broker. You must verify with them in advance that they will take your positions. If they do not, then only options 1, 2 or 4 will be available to you.



Or



4. Request a stock certificate to be issued to you. Obtaining a physical certificate will be quite costly (several hundred dollars per position if it is even possible). If you do not have sufficient funds in your account to facilitate this, you will have to have a minimum of $700 per position of available cash in your account to cover this request. Additionally, even if it is possible for a physical certificate to be obtained, it will take quite a while for this request to be completed.



It is imperative that you address these positions by no later than Wednesday, April 17, 2013. After this date, if your account contains any positions that cannot be transferred to our new clearing firm, such positions will be liquidated without further notice, if liquidation is possible, or appropriate action as we deem necessary to remove the position from your account will be taken by us.

Thank you and we regret the inconvenience caused.