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Arkait try this
The angle your source should take is the following:
Goldman and Morgan have a monopoly over the US Economy because they control Wall Street. They control Wall Street for many reasons, but a big reason is their control over the DTCC.
The DTCC is the clearing agent of all US Stocks. If you control the clearing of the stocks you can manipulate the Market if you are a broker or a hedge fund. Goldman and Morgan are both brokers/hedge funds/banks.
How do you manipulate the US Market? By creating counterfeit stock (NSS) anytime you want to drive down any company you want (supply overwhelms demand) and they make a boat load of money doing it. But the most important thing for them is the control.
An example of NSS is BCIT (interview Megas). 500 million shares NSS proven in BCIT by the BCIT Proxy vote. Yet the SEC refuses to look at the counterfeiting, maybe in SEC land counterfeiting is not a crime. Even worse after 4 years the DTCC is trying to kill the stock by preventing it from trading via a Global Lock. Kill the stock kill the evidence of NSS. Is not covering up a crime, a crime? Not with Wall Street.
How do Goldman and Morgan control the DTCC? Very simple.... they control the DTCC Board. Look who makes up the DTCC Board of Directors. It is made up of all the big banks/brokers.
Morgan = David Weisbrud
Goldman =Robin Vance
Citi etc etc
So we are allowing the large banks/brokers to police themselves when it comes to clearing shares. Talk about the wolf guarding the hen house. Any questions why there is NSS.
Janice and Jim are right, this is only about filings. The Judge will not listen to or care about the DTCC blocking BCIT trading or anything other then the filings. Megas needs to update the fillings to the SEC satisfaction. The good news is if he does, the DTCC will not have much of a leg to stand on to keep blocking this.
Now I know the SEC is corrupt. The brokers own the SEC. Why now, when everybody knows Megas is working to update the fillings. So if Megas updates the filings then what? Instead of this trading we wait 120 days for some paid off judge to revoke us anyways. So the SEC is trying to kills this so the brokers get away with their counterfeiting of our shares.
Here is some good information regarding the entire NSS issue
http://www3.law.nyu.edu/journals/lawbusiness/issues/uploads/5-1/NYB103.pdf
My take on things is:
As of now the DTCC is untouchable regarding NSS damages because they are goverened by the SEC, as they point out numerous times in court. So they are saying its not our fault there is NSS it not our job to regulate, its the SEC job. If this is the case, then for BCIT, if the SEC says it ok for BCIT to start trading (once the filings/TA are done) then the DTCC can't hold up BCIT from trading with their own global freeze. The DTCC can't have it both ways.
Either can the SEC, if Shapiro gives her blessing on BCIT fillings/TA she can't defer to the DTCC and allow them to keep the bogus global lock. The SEC has authority over the DTCC according to what the DTCC has gone on record to say in court.
Burns job is to protect the BCIT shareholders! A nasty email has no impact on what Burns does, he is a professional. He told me that himself.
When Megas gets the fillings done we trade. That is what Burns expects to happen. Now if we still don't trade then he will ask the head of the SEC and the head of the DTCC why not. He told me that they are just about out (SEC/DTCC) of excuses.
Again this is straight from Burns.
zing but he is not walking away. Sorry. He will get the fillings done. If he walks away now the naked shorts win, this is more about prinicipals to him now. Nice try.
LOL kruy keep trying. When Megas updates the filling this trades. If it doesn't Shapiro will have egg on her face. Which in these times, after Madoff, she and the SEC can't afford to happen.
So sorry Kruy, sorry DTCC, the days of stealing are over. The DTCC should of allowed this to trade when Megas agreed to the reverse split. Now thats off the table and we trade regardless.
Can someone bring me up to speed on the forced buy in rules. I know the forced buy in rule was suspended for BCIT way back when. Was there legal justification for this or was the SEC/NASD/WHO EVER ELSE not following the rules. If it was a case of not following the rules then Burns needs to be made aware of this. So when this is ready to trade the force buy rule is ready to be enforced.
I have no problems calling him but I need more information of the forced buy situation.
Let me simplify things for everyone even the bashers. Thanks to Burns all Megas has to do now is to get the filling updates and get a TA and this will trade. RS is not needed either.
The ball is in Megas court.
Please everyone email whistleblower@finance-rep.senate.gov. this week.
I was told that PERSONEL emails work the best and not the identical block email. Even if its just a few lines.
I would ask that you make it clear you are talking about BCIT and how we the shreholders are victims of Broker Fraud (the brokers never delivered real shares to us). Include how the DTCC is covering up the fraud with their on going Global Freeze and how the SEC refusal to look at the FTDz. All this violates our rights as shareholders according to these existing laws
Rule 15C6-1-the settlement cycle rule
Rule 15C3-3- the customer protection rule
Rule 10B-10 the trade conformation rule
If you could then follow up your email by calling Grassley office at 202-224-3744 and inform who ever picks up that you just sent a whistle blower email and you would like a response to your email in short order.
Thanks everyone
Go BCIT
With NSS now coming to light, thanks to yesterdays emergency sec rule protecting the Financials from NSS. All Megas needs to do is PR an open letter to COX asking where our protection has been for the past 3 years and why he ignored the rules in place, and why there is a DTCC global lock on a stock with over 300 million NSS shares. Now is the time to go public while the iron is hot.
Karbin what happend to your PR prediction?
Please fill out a complaint to the SEC if you could not vote because of broker runaround.
Art you know anyone that is going today?
yep I got mine in the mail last week from TDA and voted by phone.
Whonose you want to double date. I will take Susan out and you can take Janice S. out. What do you say wingman.
Thanks Molson, yep usually the SEC hides behind their investigations.
Anyone have the number for Susan Youn from the SEC, I would like to give her a ring.
There are only two scenarios as I see it.
1.) Megas, SEC and the DTCC got together and all made a deal that will clean this up and we will get some kind of fair fund payment or control cover before RS.
Or
2.) Megas, SEC and the DTCC got together and all made a deal that will clean this up but at out expense. Which would mean the SEC acted in a criminal manor.
What is interesting to me and the reason why I think a deal was made, is the timing in all of this. Megas must now that in May/June the SEC will vote YES to the law that will make NSS FRAUD and in August/September that law will be made legal. The brokers would have to cover or go to jail. The DTCC could not cover their backside anymore, as this would be perpetuating a criminal act. All the leverage would be with Megas and us now.
If anything I would of thought Megas would of postponed the RS (unless a deal was made) and wait until the NSS fraud law became effect. Once effect you can make BCIT very very very public, there would be no way they could hide this then.
Megas has waited 2 ½ years why not wait 3 years when you will hold all the card with 4 ACES.
Very Very Rare then why does Cox say its a big problem?
Janice several compaines will be paid and some will never make that list. NSS has always been kept on the down low ..... have you not gotten that yet.
I liked you better when you were telling the world there was no NSS and anyone who believed in NSS were idiots.
Its pretty simple to me.
The good new is this looks like it will end soon. I hope Megas will announce some valuation between now and the end of the month. We shall see.
We maybe part of the Fair Fund act as I think this is a real possibiliy. Janice please don't answer as I already know your answer blah blah blah no blah blah. You already lost all face with your biased opinion aganst naked shorting. News flash Janice even Cox is on record saying NSS is a very big problem. Yep you were 100 percent wrong on that one.
If this does go bad however, (I still think we are ok)I wil be the first to organize a shareholder lawsuit aganst the DTCC and Brokers ever if all we ever get is some publicity out of it. Somethings you have to fight for and this is one of them.
Can someone direct me to the paticular place in the filing where it mentions about the DTC global freeze. Thanks
Lets go people make the SEC accountable for their inaction. OIG@SEC.COM
Attention: I think its important that as many BCIT longs as possible email the OIG@SEC.COM. Ask them how it is possible that the DTC has the power to place a global freeze on BCIT and how its possible the SEC can ignore the buy in rules.
Also ask them what the SEC has been doing for the last 2 plus years to help the BCIT shareholder. Remember the OIG is investigating the corrupt sec.
Also left a message with TA to find out if they no what party has the 205s
yes I talked to Legacy.
Legacy is not the issue the 205's need to be released either by Megas or the DTC. Once the 205's are available all brokers will use LEGACY either directly or indirectly through a series of MMs until the trade is made. No worries about Legacy.
ATTENTION: Just talked to Legacy and they are not making a market with the 106 certs. They can't, they only have approval for the 205's.
They are not sure why Etrade allowed trades with the 106's as that is aganst the security laws and they were no part of it.
So we wait for the 205's before we trade.
Kruy that is why I want to call Legacy and I hope someone can give me their number.
Art you have Legacy number.
Kruy that is BS they can go through Etrade to make a trade see my previous point.
Ameritrade says that there is no market for BCIT. We need to confirm this with Legacy.
The Ameritrade guy tried routing my trade (106) through etrade but said there is no market. I guess they don't use Legacy but can go through Etrade.
So with what Ameritrade told me which is always suspect they placed the blame with either Etrade or Legacy for not making a market for my trade. We need to stay on top of these guys.
Anybody have Legacy's number. TIA
I think we might see a nice 8K soon with some mega valuation.
ohbull if you have time can you give Mark a call and see what he thinks when we will trade with these new developments.
Art any idea when the 8k will come out?
Janice good I am glad you are going to stick around. I have faith in Sir Thomas because he has followed through with the fillings and I am sure he will follow through on valuation too.
Janice you going to stick around and see what valuation Megas puts in this puppy. I want a big congratulations for all us longs when he does.
Ok Janice ignore the DTC global freeze and the NSS shares. Ok your right and so smart.