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You are right! But, Megas holds the cards. When he does what he said he was going to do, then I will pony up. My major request is that Megas holds a phone conference with the 'fake shareholders'. I do not believe this is asking too much of Megas.
Understand. But Megas, IMO, has shot himself and all owners of BCIT in the foot by doing things his way and not working with the 'fake shareholders'. Almost five years, and he is still an arrogant man. Noone on this board expected to be in this position after five years, especially by those who are suppose to be watching out and protecting the investors. But it appears there is a stalemate, the DTC, SEC, and now even the SFC do not care about the United States of America investors, including Megas who holds the key to unlocking this mess. He had the ball and fumbled it. Again, SEC may have played the revoke card, but Megas was advised to keep filings up to date. He didn't so he is responsible for unclogging the mess. The still has possession of the ball. No way will I invest until he demonstrates he is a man of his word.
We could have had strength in numbers if Megas would have teamed with the 'fake shareholders' and brought the those responsible to justice with a class action suit. Why didn't he? Does Megas really have something to hide? If he had information that would have exposed all of this, why did he choose to go the way he did? I am beginning to think he has something to hide that filing may expose the real truth, and then opens himself up for the BCIT investors to possibly go after him. That would seem to explain his silence. He uses people on this board to reveal only what he wants to.
You are so right. I talked to ETrade securities personnel - they called me. They were miffed that I was constantly emailing negative responses to their customer relationship inquiries regarding my decrease in purchase activity. We had discussions regarding BCIT and they stated they had no control over BCIT stock performance. I basically told them if they were so concerned about their customers, they should be pro-actively helping their customers resolve issues the market has been facing, like BCIT. I just implied they won't because of the potential of exposing their association in the BCIT-like messes. They still refused to respond to their participation of the sell in December 2007, when a global lock was in place, that caused the price of BCIT to fall from .15 to .05.
Class-action lawsuit sounds like the only recourse with the brokers, but they seem to be protected by the arbitration clause everyone signs when you open an account.
I guess you forgot that someone on this board said Megas needed to keep filings up-to-date. Megas did not listen then. His response by an email thru someone else demonstrates Megas cowardliness of facing the people he referred to as 'fake shareholders' and then sued. IMO, Megas is a very arrogant and proud man that feels he is above everyone that has anything to do with securities in the U.S, whether a broker, investor, or regulator.
Pride comes before the fall.
Surely, the truth will find you out
From what I recall, Megas has been his own worst enemy. He was reportedly rude to the DTCC and the latest rude to SEC. I understand sometimes life just isn't fair. But instead b handling this his way from the beginning, we are now delisted. He supposedly has spent $800,000 to get this trading. Where did he get that? Was he involved in the panic buying and selling? He tried to sell BCIT to Mario for $2 million. Oh that's right he was just kidding. Because of that, Megas delayed reporting to the proper authorities. Big mistake. One miscue after another by Megas, IMO.
He had the opportunity handed to him thru Grassley, Senate Finance Committee, and blew him off rudely.
I understand that DTCC made first misstep in this, but Megas has made too many himself.
As to helping myself legally, I do not have the money. Tax write-off is an option, and I have given ETrade my thoughts on their participation in this mess. As I stated, I was ready to donate if Megas would have done what he said he was going to do in the PR. Or was that really written by him? Was that PR hijacked like the last one? Noone knows who is really running BCIT. IMO, it is not Megas.
His silence over the last four years is deafening. Megas needs to man up and take responsibility to communicate with the ones he has called 'fake shareholders', especially if he wants any support from me. I am tired of the Megasites blaming everybody else but Megas.
In summary, Megas, as from the beginning, does not care about the "fake shareholders". Never has, Never will. It is all about him, noone else.
All I was expecting was for Megas to do what he said he would do. Then I was ready to contribute to the fund. He did not perform as a real leader would have done. Sounds similar to another leader that said there would be transparency on the healthcare debate.
What is it with the so-called leaders of today that think they can say one thing and then do another.
Proof is in the pudding, and the pudding has solidified. Not only is BCIT not trading, it has now been delisted.
Thank you Megas for being a real leader.
Agree! I bought in a stock at .0021 a few years ago and it took three years to hit six dollars. I believe BGNN has more momemtum and pps should be greater!
I have owned IVOT/BGNN since 11/2008. Not unreasonable to expect one dollar by 2010 year end.
Etrade shows my BCIT as 100% loss with Cusip number 05968X106 and no symbol. I guess different brokers play by rules that benefit them the best.
I am looking at fall for this to go big. This gives a little over a year for the true cost of ownership for the product to be determined and hopefully some tax incentives for businesses to make investment in preventive care will be available.
One has to understand this type of technology is very sensitive to maintenance costs over time. Meaning what is the operational downtime for maintenance repair and can a healthcare business risk acquiring only one. IMO, every healthcare business needs to be concerned about scheduling and then rescheduling when,if machine is down. This is a customer centric society now. It appears that with global healthcare as a major issue, that customers in US will not tolerate a social healthcare system like the ones implemented in other countries.
Of course this is my opinion.
Sorry my prior post was in regard to another stock I have been monitoring. As to BGNN, I am looking for great things in February as to financials for year end should be available. If not, end of 1st qtr 2010 or end of March '10.
IMO, a lot of flippers here causing turmoil and anxiety in short term wanna be rich traders. Remember there are traders and then there are investors. I have done both. I choose to invest, understanding some money is left on table, but I do not have the time during the day anymore to watch this as traders do. I play the long, but if I see something that can turn quickly may opt in.
I am looking at fall for this to go. This gives a little over a year for the true cost of ownership for the product to be determined and hopefully some tax incentives for businesses to make investment in preventive care will be available.
One has to understand this type of technology is very sensitive to maintenance costs over time. Meaning what is the operational downtime for maintenance repair and can a business risk acquiring only one. IMO, every healthcare business needs to be concerned about scheduling and then rescheduling when machine is down. This is a customer centric society now. It appears that with global healthcare as a major issue, that customers in US will not tolerate a social healthcare system like the ones implemented in other countries.
Of course this is my opinion.
As I had stated last year, a global company like Whirlpool ensured that B Green could supply their customer base before they would make Vibe-Away a catalog item.
This is, IMO, a no brainer of an investment. Patience is required.
I bought a stock a few years ago at .0021 and three years later sold out at $6.30. Patience is a virtue.
I really do not expect any major news until February at the earliest. IMO, this is typical and all the pieces have been falling into place, sloooowwwwwwwwwwly.
I continue to stand firm with patience and belief that this will work out soon. All up and green from here.
Looks like he's suspended until Feb 4th 2 days after ground hog day. Then he gets to do it again
Agree! Durango will also be out of jail then
Going out green!
Merry Christmas to all. Everybody wins in 2010, but only if you are in.
I'M IN!!!
Chas:
While I do hold Megas partly responsible for this mess as the CEO of BCIT, I do agree with you that the system allowed the harm to occur to the BCIT shareholders whom the system is supposed to protect from the type of activity that occurred by allowing the bogus shares in the system initially.
Chas: Nowhere does it state that the SEC, DTCC or any government agency responsible for oversight will be investigated. Seems SEC, DTCC, and those responsible for oversight are "exempt".
"We will be relentless in our investigation of corporate and financial wrongdoing, and will not hesitate to bring charges, where appropriate, for criminal misconduct on the part of businesses and business executives."
Where is the reference to those that have oversight of the securities fraud?
Even if the name change occurred, sometimes it takes the brokers additional time to change the names in their customer accounts. Another potential level of frustration for those concerned about a name change.
Never say "never"
I guess .0004/.0005 last year at this time to .0025 is not good enough. It has beat the DOW and NASDAQ. Sorry you are not getting this growth daily. If it was that simple, everybody would be in on it.
Durango - I am glad you are at helm as moderator. I do like your energy even though we may not always agree. But we can agree to disagree agreeably. I started a new project today that will only enable me to tune in periodically during the day as systems I will be working on are very secured. This may be good news to some on this board. I am long on IVOT and who knows when, not if, this hits a $1, I can retire early and not think twice about the project. I am not a flipper, but believe in taking profit as pigs get slaughtered.
m:
I have to give Megas some credit for success as I do not know a man who fails that can reportedly go around the world. Of course, Bernie Madoff was considered a successful business man at one time also. Everyone has different definitions of success in life. One bumper sticker I recall is "the one with the most toys wins". However, there is one reality in life, no matter what you gain while living, you cannot take it with you when you cease to exist. Therefore, success is not determined by what you have in life, but by what you do with what you have, IMO.
kruy:
On this we agree. I do not know Megas' heart as some claim to on this board. Did Megas in some way participate in the buying frenzy that occurred during August 2005 thru the halt by the SEC? Is that how he funded the supposed $800,000? With Megas living outside of the United States, many hedge funds operating overseas, and a successful business man, it is possible there may be connections to some of the trading activity that occurred. And who has access to that trading information? The DTCC of course, and they do not divulge information easily. One of the best kept secrets is the opration of the DTCC, including the Federal Reserve. Hmmm, interesting coincident?
There are still some on this board wanting only there voice to be heard.
The truth will eventually be exposed. Time will reveal the truth. And I do have time, just as much time as everyone else and choose to spend my time how I want, like everyone else in this still free country, where freedom of speech is still law in the land.
2late:
Continue to dream because there are some on this board that do not want others to have any vision other than theirs. So, don't let others try to create your world for you because they will never create it big enough.
And you know a company like Whirlpool did their homework to ensure that IVOT/BGRN can meet their inventory requirements before signing a deal. This took time in itself. Last thing Whirlpool needs is to place something in their catalog and then have to remove it.
Here is what I got. I decided to stop using ETrade and now because of the delisting, I will now be charged a monthly fee by ETrade because value is now below the $2,000 minimum. Thank you Megas.
Get Megas to come out of the closet and be honest is the only way to win and get support from most BCIT investors.
I did not call it dead either. Read the posts again.
As anyone on this board, you are entitled to your own opinion and you have a right to be wrong. We are still in America that is still land of the free where freedom of speech is allowed.
Word of wisdom:
Put your trust in "no" man.
Again remember the words of Megas, time is your friend.
The BCIT case is already before the Judge, but those who have been given authority over protecting the innocent, have not or refuse to understand His judgement that will be handed down.
The ultimate Judge will have His day. However, those in search to please self through the financial gains of theft from others have lost their fear of the ultimate Judge. That is why I choose to understand that in this world there will be trouble, but in Him(the Judge) there is peace.
2late:
This position on how the judge should view the case makes sense. However, in my experience with judges, understand they rule on precedence. To my knowledge, no judge has accepted the NSS argument as precedence. I understand that Megas has evidence, especially after the law suit of "fake" shareholders. However, those that have communicated this can be viewed as insiders with privy information, similar to Martha Stewart where the difference is trading cannot happen based on the "insider" knowledge. Maybe that is why Art2Gecko seems to have disappeared.
This case will remain unresolved for unknown years to come. Remember Megas words, "time is BCIT friend". Waiting is the only game in town. Except, I did email ETrade several times telling them I was a "VERY" dissatisfied client. I kept emailing them even though they requested I email another department. I finally sent an email telling them if they are so concerned about customer satisfaction they should be calling me. They finally called, expressing concern about me using the secured email as a forum to post my complaint. They said there is nothing they can do. I asked if it is their obligation to protect the investor. The person stated yes. After several minutes of discussion, I was asked what I thought Etrade should do. I stated since it is agreed that ETrade is supposed to be protecting the investor, that I was amazed that no stock broker would assist the small investor with this type of situation against the SEC/DTCC and ETrade/brokers should partner and demand protection and proper oversight from the SEC/DTCC. It was stated they have not received many complaints like mine, especially against BCIT(is that because they put up such a defensive wall on these types of requests, the customer gets so frustrated and gives up).
Anyway it has once again been recorded and emailed my frustration with ETrade on their non-support of the customer they are supposed to be protecting.
I like the BGRN that someone else posted. Symbols on NASDAQ are usually 4 characters, but not limited to. I believe this will move to the NASDAQ soooonnnnn!
should have stated previous post #10124
see post #10079
Read my next post.