I recall something about a "temporary suspension"
of Rule 203(b) or was it an indefinite suspension, back when (05, I think). That was certainly irregular...Does anybody else remember
something like this, regarding the buy in rule?

No, thst was Schwab, that was 60 mil short, as I
recall, no confession by Scottrade to that.

Update, Scottrade compliance officer told me today
that all BCIT shareholders requesting certs will be
getting an official letter from Scottrade legal
department by "next week"

Chas, Me too, I don't want just a refund. I want interest
or certificates, preferably the latter.

Lextrader, thanks for update. Scottrade compliance
dept is due to respond 9in writing to my request for certs no
later than tomorrow (Oct 15). (They already told me by phone I will not be getting certs because BCIT is
"A RESTRICTED STOCK". But I want them to state so IN WRITING.
I am expecting
I will have to send them a nudge and will probably
do so via email, tomorrow.

Carlton, I appreciate your take that, if I get a
refund "at least [I] ... havn't lost". but that's not my idea of victory. I want to own ES stock, be on board
for the entire play, not eliminated early. So I will
give Scottrade a cut off date for the refund, with your
approval,.

ItsMikie, are you dealing with Scottrade also?

Blind Squirrel, thanks for sharing your experience
with Scottrade. I am reluctant to ask for a refund,
as stage two of dealings with them, rather afraid they will eventually give me a refund and I will lose
my shares. So, I am thinking of asking for a refund
and interest at 21% per annum compounded annually(sounds like a credit
card type of math, about fair). This comes out to a 325% increase in my original trapped
funds/investment. Whatdaya think?

I sent Scottrade a request for certs which they
acknowledged getting Oct 5th, but said they would not
give me their refusal in writing. Their compliance
dept promised me a hard copy denial in 7-10 days.
I am still waiting. Meanwhile I sent an electronic
request (email) asking for reply in writing. It is
now Oct 13th. Two more days I write them again.
This time, I don't include my phone number.

I hope everybody is writing also?

*I got a PHONED reply from Scottrade within a day
or so of my CERTIFIED request for certs. However, I
am still dicker to get WRITTEN reply (denial that is,since according to phone conversation, BCIT is
a "restricted stock" hence no certs , only electronic
listing. I asked why so, and am awaiting Scottrade
compliance letter (7-10 days, compliance said).

I got a phone call from Scottrade saying they could not send me certs because "BCIT is a restricted
stock". I asked for this in writing. I am awaiting
a letter, or at least an email (I sent both snail
mail and electronic request for certs less than a week ago). will post when I get something in writing

MOLSON, once you see the word "Commission" you are
a mile from fairhanded dealing ... we need a Judge
who has not been bought, a rare item. Or a jury.
I believe Overstock is going to get a jury hearing.
It can only help our cause, if they do, immensely. But the trial is at least 2 months away, now for Overstock.

dear, dear, it's late to debate Ms Shell whether the brokers
knew the mms were short or not. seems to me
the brokers knew enough to hang themselves. I.
ll let Master hold the fort. bon soir

OH YES, Oh yes, Oppy, there was a real ragged end
to what was developing as a short squeeze, where
the brokers who were the most short, allowed only
sells and no buys, and the brokers who were not short,
allowed buys and sells, and then eventually only sells, and the price plummeted while many were trapped many others reaped profits. It was a real
Venus fly trap with shareholders as the victimsL:one shareholder promised he could sell the next day,
and then, bang, he discovered he was in glue and had
been lied to (since the broker who told him he would be able to sell had already decided to freeze him
down, BEFORE THE SEC HALT). It was dirty pool and
still is.

No, my point is the US market should NOT be like Vegas, and it isn't , it is LESS fair, and far more
favorable to the house players.

No way buying BCIT should have resulted in getting
deprived of what I bought (certs) or the benefits
of a stock allowed to trade at fair value determined
by the open market.

In Vegas if I buy chips, I can redeem what I don't hold. Not so, with this broker free for all.

Excuse me, Janice, but when was it stupid to speculate in the market? I thought purchase stock
at inflated prices was always speculative. But why is it OK to punish
speculators by unfair freezes of some brokerages,
while others allow sells to pour in, as was the case
before the SEC halted trading in BCIT.

There were so many unfair things that, frankly,
speculation by retailers on Wall Street is less
an even playing field than a slot machine in Vegas,
imho, and that's a disgrace to small companies trying
to raise long term investment capital.

Do don't be laying a guilt trip on people who bought
BCIT in order to catch the brokers at a classic
phantom stock free for all.

Can somebody help me: I am an unfortunate shareholder who bought all my shares late (post 16 Aug 05) from Scottrade. I have been in the hospital
a lot this summer (open heart surgery and 2 post op
complications) so have had a hard time following
all this between hospital stays. But the template
offered me from CH's office: to merely request a refund of my original
investment,m seems ridiculous. Are there other shareholders like me who only hold post Aug 16th 05 shares and what are their reactions to this humble
template requesting only a refund, which would let the brokers off the hook and end the long and glorious hope for justice, here?????

TREY 1965, I find it suspicious you have just been
born, here, and are so cynical. where have you been for the past 6 years, or are you hiding behind a new
identity?

Really, I am still here because I find it hard to
allow such blatent thievery to go unnoticed for
so long.

Carlton, lol, it sounds like you share T. M.'s
healthy contempt for crooks.

Molson, if there is a delay to justice, it will be
due to legal push back from brokers and DTC et al,
not Megas. imho

Well, let's hope CH HAS finished the investigation,
and we will see some action before too long.

Sir, I am confused by one matter: it had seemed to
me that the Oklahoma law suit had provided Mr. Megas
with extensive information regarding the shareholders
and where and when and how many shares they had
purchased of BCIT. I know I sent in my information
at the time. Why do you now need this information,
again?

I am thankful for your responsiveness to other questions, here, because we have been crawling in the dark for years, regarding this criminal outrage.

This is the best thing to happen since we last
tried legal action (long time). Please let the UK
firm have the information they need asap, all.

I'll take a $3/share settlement, or higher.
After six years of bs, the inconsistency of shares sold to shares issued has to be addressed, eventually. GO BCIT Six years of compounded interest
alone......

I believe Megas, also. It's that simple. Those
who live day to day, don't see how time can be our
friend, if it choses to.....

I have other irons in the fire, but one of my favorite
irons is the injustice of DTCC and brokers and the
sweet feeling it could bring me to see justice done, at last.

GO BCIT

We crawl forward. Not over until fat lady opens her
mouth....not yet. IMHO.

Hang onto your shares, Oppy, and let time be your
friend. It will all come out in the wash, imho.

Insulting Megas' manhood does not serve anything.
He is in the same boat as we, and I do not believe
he has given up, because he said as much.

GO BCIT

The SFC was following the SEC who was following the

DTCC who was not to be trusted. More expensive
filings were wanted, with no promises. Megas had
already gone that route, hence the wonderful wanker
letter.

I believe there are other avenues..... imho

Carrot, the STC had relegated our complaint to
an assistant who had no idea what was going on at
the SEC and DTCC, sort of like asking Madoff if
there was any chance of malfeasance under the SEC's
watchful eye. And there is no graceful way to
tell an assistant that he is being stupid.
I wish I had told him myself. At least a chance to
let the SFC what dolts they were about the situation.

Despite all the problems with the US economy,finally,
in 2011,
the justice we are owed on BCIT may well outshine
every venture we all are attempting, imho

GO BCIT

Yes, quiet operations against tyrannical powers
is the best mo. imho

I am happy to read the article you posted. I also
was gratified this past week to see Elliot Spitzer using his new
TV forum (Parker/Spitzer) to invite the Rolling STone guy,( Matthew
Tabieu is his name?) to discuss his recent RS
article aimed at the glaring question, why is
nobody in GOLDMAN SACHS, etc, in JAIL for the
shenanigins that brought us the financial crisis.

Even a tokan punishment of ONE guy, would go a long
way to curtail abuses, it was suggested. Hear hear.
GO BCIT!

2late, I couldn't have put it better. I am too
tired, so will let your post stand for my sentiments,
tonight. Thanks for your optimism.

backaway: not so blindly. Just patiently. (Plus
we all have live to live outside of this pursuit,
anyway).

Yes, indeedy indeedy, Allez, lol

jODA, CHAS, good to hear you guys crowding Kruy
off just a little bit, so we can actually discuss
things optimistically rather than be weighed down
with witless repetitive cynicism.

I do believe this is the year for firework from
Megas. I do believe....

GO BCIT

That's really interesting, Alan, thanks. SOmebody
at the DTC getting nervous? lol

I even feel guilty Having advised Megas to get legal
help---back when the DTCC was suggesting he had to
sue his own shareholders to make discovery. These Wall Street boys have the legal route
pretty much out of bounds, witness the long chase
Overstreet is having to take.
But, now, as AlanC so well points out, the legal
situation is slowly changing regarding NSS, and
with our records nicely frozen in time, someday
all this will bring justice, I firmly believe.
At any rate, if my broker tries to remove my
shares from my account, I shall raise hell. I want
justice, eventually. No matter how long it takes.

bobby, As far as I can determine, Megas gets a lot
of suggestions. IF he likes one, he'll usually \
comment. If it is something he is going to pass on,
he might not comment. My experience with Megas, that is, has been like this. I think he does appreciate
suggestions he hasn't already examined. imho