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hahahahahaha. em
lol. em
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Hmmm, new theory, eh? em
dkgross, let it go, man. :) This thing has been subjected to every possible bad scenario under the sun. And yet it just keeps kickin' a$$. It's time to get your faith back.
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Yes, but is his sister a lawyer? em
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Reckon how many hundred posts you have used to say this over and over and over?
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pshaw. em
Megas is Gandolf. We anticipate what he already knows. em
Thanks latestart. Wanted to contribute for a change. em
OT: LOTR... I read all three books to my son before he himself became a voracious reader. We attended all three movies on their premier nights. We own all three dvds. Every time we have an LOTR viewing weekend, I catch something new that increases my appreciation for Peter Jackson.
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mikeymac: Thanks for email. (Can't respond privately.) em
mastaflash: excellent, realistic perspective. em
Forgive me, Bwana. em
Appreciate it, harbecu.
Hear, hear. Sometimes justice requires imagination. em
Ouch. Guess you told me. em
maverictx, thanks for affirming feedback. em
blind squirrel, thanks. Love your moniker. em
Thanks, zxc. em
Testimony: Enough is enough...
(sorry folks, but this is a long one)
For years, I have regarded iHub as an excellent forum for mounting stock alliances and sharing information. In the past few weeks, however, my faith in the iHub way has been waning.
I'll get back to this point later, but first a little about my story with BCIT.
I've never been very active in posting, more of a reader and occasional commentor. I am a small-time trader, always on the hunt for credible information that might lead me to the rarest of rare penny stock gems. One day in August 2005, I picked up on the buzz about BCIT and came to this board. It was also the day I discovered the great Art2Gecko.
I had been trading pennies for about ten years, gradually wearing down the little pot of wild money my wife had allowed me to spend on stocks. Occasional gains had always been overshadowed by larger losses proving out the conventional wisdom from mainstream investment advisors that pennies will always eat your lunch in the end. I had also permitted emotion to fool me more than once, convincing my wife to allow "just a little more" to invest in the latest "sure thing." She would agree to it because she wanted to show me that she believed in me, had faith in my intuition. But I have come to realize that she didn't really expect to see the money again, rationalizing it as a sacrifice to the longevity of our happy marriage.
So that August in 2005, I put all of what little I had left in BCIT. Scottrade gladly made the transaction and to this day I own those 120,000 shares (whatever that actually means).
A few months later, my wife asked how I was doing in my little world of pennies, so I had to tell her the sad truth about how all my remaining funds were frozen in BCIT. She thought surely I might see this as a sign that I need to give up stocks all together. It just never had panned out and she didn't want to throw away any more money.
I agreed with her, and I basically wrote off BCIT, figuring I would never see it trade again. I would occasionally check in on this board for any possible developments, and then in November of last year (I think), it became apparent that Megas was not going to go away when we learned of the new CUSIP number.
Like so many others I started fantasizing about how much money I might make if BCIT were allowed to trade. I began watching the board religiously every day, always seeking the next morsel of information, often in the form of an email passed on from Megas.
Somewhere along the way, I decided that if I tried to explain any of this to my wife, she would just shake her head in disbelief. And so my dreamy secret of potential windfalls for my family was born. I kept it to myself until one day we received two cards in the mail, notifying us of individual certified packages waiting to be picked up at the Post Office (we are joint owners of the Scottrade account).
Suffice it to say, a certain soul mate wanted an explanation. So I told her the what I believed was the closest thing to truth, that this seemed to be one of BCIT's last resorts to document fraudulent shares as a prerequisite to trading again. My wife has never been interested in the details of stocks, so I only spoke in terms of getting our original investment cost back. To this day, I still have trouble articulating how the circumstances of a "short squeeze" can cause a stock to run up, so I simply didn't go there.
I sent in our response, and as far as I can see, things are moving forward positively. Especially since counts 2-6 were dismissed, I have no fears about some dark force pursuing and ruining my name.
And I'm still dreaming. I still fantasize about a day in the future when I take my wife on a date and ask her across the dining table if she remembers all that fuss about that little stock called BCIT a few months back. Slowly, I explain the events that led to its trading again and about how the short squeeze really did happen. And then I tell her how much money we have made and watch her surprised reaction with utter joy.
That's a snapshot of where I am today with BCIT and how I got here. I wanted that context to be known as I assert my original point that I am close to giving up on my faith in iHub as an upholder of fair play.
In recent weeks, we have all seen a dramatic increase in posts that attack what I have basically described as my little dream.
At first I tried to overlook these posts, assuming the rightful place for other points of view. But I soon came to see what I believe anyone with common sense could observe: Agendas to prevent BCIT from trading are systematically being executed on this board.
So I began a small effort to draw attention to this issue by making posts that questioned the logic and patterns of rhetoric used by certain posters. Apparently I got too personal, because I started noticing several of my posts getting deleted. I learned that the posters I was trying to refute were steadily using Matt's posting rules against me, reporting me for violations. I reviewed the rules and had to admit that, technically, they were right. Because I hadn't shielded my thoughts in the guise of on-topic discussion, I was a sitting duck to these veterans of endless counterpoint.
But this morning I reached another turning point. I logged on to the board to catch up with the previous night's posts. I was disgusted to wade through the outcome of an effort by Art to engage the nay-sayers with his usual good-natured "benefit-of-the-doubt" attitude. This may sound corny, and it is only my perception, but I believe Art takes it on himself every so often to debate the nay-sayers as his way of standing up for the rest of us.
Again, I was disgusted. Because it appeared to me that's Art's give-and-take had only served to unleash a shark fest from the opposition. Here's the guy whose honesty and intelligence and wisdom and sincere good intentions cannot be questioned by anyone in a right mind. And yet these people (in my opinion) treated him with ruthless disregard.
This is the forum that Art created for people who bought BCIT with hopes of making a profit. There's nothing wrong with considering the pros and cons of our endeavor, but anyone who defends the invasion of this board is simply in denial (in my opinion).
iHub is supposed to be a civilized alternative to Raging Bull. Instead, iHub is allowing bashers to prevail under the travesty of equal protection.
I beg iHub to consider change. These orchestrated efforts are making a mockery of fair play. I know that many others here are hoping BCIT will yield a dream-come-true. Where is it written in the rules that sharing a dream has to include unrelenting abuse?
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Sorry - your right. Not sure why Yahoo listed this as a news event at 9:04 this morning.
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Yahoo updated BCIT's income statement this morning. Here's the link:
http://finance.yahoo.com/q/is?s=bcit.ob
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serf: You're saying it won't trade again? em
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chisox: Got no problem. lol em
RDG: Don't believe anyone's taking it lightly. em
chisox: Again? em
chisox: Got the point. No need to repeat. em
av inv: You wish for the company to save face? em
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kenco: And you're questioning our judgement? em
kenco: Now repeating actions that got you sued before? em
kenco: Lots of words = gobbledygook. em
f1fans: nice one. em
Rex: Says who? More hogwash. IMHO of course. :] em
Amen. Knowledge is power. em
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JanShell, that's utter nonsense. em
ronjon, why "scream" after so many explanations? 00 eom
Balderdash. 00
Poppycock. 00
No, oh twister of the simple facts.
Anyone following the simple line of thought expressed in the chain of messages you are commenting on would have gleaned the following:
If you don't respond that you bought your shares on the open market from a broker, the plaintiff may continue to sue you.
What you said:
If you don't give up your shares they will continue to sue.
Very different concepts. My how clarity suffers under the hand of subterfuge.
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