Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
I'm trying to actually think of a time when you were wrong in matters like these...
Maybe we can relive the 'On Demand will never work' conversations :))
yes..the BS needs to end, but, sadly, BCIT isn't going to be the one to do it. Hell..if Overstock can't do it, what makes you think some BS Shell with no revenue can?
Frankly, I'd be thrilled to get my money back with reasonable interest. And, IF (when the freakin' cows come home), this ever DOES get in front of a judge, I bet that's all that's awarded.
Maybe in some pollyanna world of truth and fairness, one would hope that The Big Boys get their comeuppance, but...it's time to face REALITY.
at this point, we're all victims of Megas' Fail to Deliver on his promises of the PR, and allowing BCIT to get revoked. The rest...well...water under the crooks bridges They got away with it. And a few other bridges of potential help are burned to a crisp now.
can't help but wonder if ANYONE has actually here has actually MET Megas.
there ya go. Pretty much sums it all up. This is DEAD. Megas officially put the fork in it by NOT SIMPLY RESPONDING. I don't give a crap what all the Illuminati of the Private Board THINK is going on, but this will simply NEVER trade again, as it exists.
Sure, Megas can start a new company, new shell, whatever..but the SEC/SFC/DTC and pretty much anyone else with any athority has put the BCIT stock on Black List with its 'non-transferable' status, and the brokers will now simply just let it rot in the accounts as numbers on a ledger than can't be transferred, sold, or whatever, other than being able to be closed out for $1.
even with all the blah blah blah here about Form this and that, other companies that have been 'unrevoked', the FACT of the matter, even with all the 'potential' ways for that to happen, the SEC, etc STILL HAVE TO APPROVE it for being unrevoked.
GUARANTEE you...Megas has pissed enough people off that NO MATTER WHAT he does now, somone somewhere will find another 'oops, you didn't do xxxx', and he will be DENIED clearing status to trade.
The stupid lawsuit was bad enough, even though it's almost understandable...But IGNORING a Request for Response is simply boneheaded, lame, ignorant, and obviously the kiss of death with trying to get ANY sympathy and help from the Govt Authorities who are SUPPOSED to help 'victims' of fraud.
so...why did he let it get Revoked then??? Really. How damn hard could it have been to ANSWER with a simple 'we're working on it' email/letter?????
where in this timeline does it say he ran off with the $$???
on sept 29 megas establishes a legal fund to go after the DTC, he then receives the OIC letter on october 5th, he failes to answer the questions or otherwise defend the action, he takes off for the solomons while the SEC revokes the registration.
yup...that's apparantly pissed a lot of people off..people who've never posted before, holding out hope that SOMETHING good and right would finally happen. Pretty sure the last thing anyone expected was for BCIT to be revoked, and shareholders left hung out to dry.
plenty of people espousing various theories that 'that's the plan'...well...seems lame to most people here. Nothing to do now but wait..not that there's any choice in the matter.
I don't justify crap.. I also don't jump people's crap when they show up to voice an opinion, just because it's the first time they post. I have FIRST HAND experience with a number of 'investors' who have NEVER posted on iHub, are KNOWN to read it regularily, and are just fed up. I completely expect to see a new opinion or two.
NOW..back to the point at hand..was there incorrect information posted in that timeline? If so, please point it out. Otherwise, it's as valid a post as any. And until we HEAR something...well..we're REVOKED, and the Brokers aren't going to do crap...not that's any different from the past 4 years.
there ARE people who have been 'lurking' here (a few shareholders I personally know) who have NEVER posted before, but are so f'n pissed about being revoked, it won't suprize me to see some new posts.
that sounds like a pretty accurate description to me. No $20k raised, he said the hell with it and let it go into default and be revoked. buh bye. Sucks.
That's the way it's going to be. The brokers are fed up, the DTC is fed up.. The buck will continue to get passed around until it's just a big dead moose. Which it pretty much is.
Still haven't gotten a reply from TDA about the 'why did BCIT trade in 2007" question.
I asked TDA to explain the '07 trades. no reply.
agreed..but THEY say the DTC says the stock is non-transferable, therefor, no certs.
Really..I really see no way for us to win this, especially with revokation and Megas' continued silence.
pretty obvious that his intentions were to let it get revoked and just walk away from the madness.
TDA's response to my Cert Request:
Thank you for your inquiry regarding the security BANCORP INTERNATIONAL GROUP (BCIT) that was suspended from trading effective 08/31/2005. According to the Depository Trust Company (DTC), this company's stock is considered non-transferable and cannot be transferred. This includes transferring ownership from a brokerage account to a certificate. A certificate for this company is not available through TD AMERITRADE.
Sincerely,
Adam Russell
Reorganization and Safekeeping, TD AMERITRADE
Division of TD AMERITRADE, Inc.
(KMM64822866V47365L0KM)
TDAmeritrade:
The symbol you entered, BCIT, could not be found, so we've tried to look it up with Symbol Lookup:
I'm still showing all my shares at .05 thought...wtf
judging by the fewer and fewer posts here, it appears lots of people have 'seen the light, that being of Megas's tailights off in the distance.
Meridian Medical Inc. Expands Distribution in Florida
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 11/10/09 -- Meridian Medical Inc. (MMI) North American Exclusive Distributor for Meridian Co., Ltd. (OTCBB: MRDAF), a company engaged in the research, development, manufacturing, and sales of advanced medical devices is proud to announce further expansion of its sales distribution team in North America.
MMI is excited to have signed an Exclusive Distribution Agreement with TP Meridian Medical LLC to represent the Lapex BCS LipoLaser in the state of Florida. TP Meridian Medical LLC (TPMM) is a privately held Miami based company specializing in the commercialization of medical and surgical healthcare products.
TPMM brings a unique combination of global business capabilities around the successful commercialization of science-based innovation in the medical field. The TPMM Team has built industry leading product solutions for the physician channel and end consumer globally. The core principle of the company is to drive superior innovation, efficacy, and global market execution. By doing so, TPMM's efforts center on delivering transformative business strategies in the field of medicine.
"Brian Tuffin, Co-Founder and CEO of TPMM, paired with an exceptional team of executives and sales managers in the medical device space are a great fit for the LipoLaser, and we are proud to have joined alliances in the State of Florida," says, Robert J. Krznaric, President/CEO Meridian Medical Inc. "We are looking for special and innovative ideas from Brian and his team, and feel this is a perfect fit for both Companies, and Meridian's products," Krznaric goes on to say.
"Meridian Medical Inc.'s partnership is a great addition to TPMM's global capabilities in the medical device space. The combination of TMI's industry defining technology and our proven track record in the commercialization of medical devices has further solidified our endeavors to be a transformative force in providing improved patient care through superior innovation," said Brian Tuffin, CEO, TP Meridian Medical LLC.
This press release may contain certain forward-looking information and statements concerning the company's operations, performance and financial condition. These statements are based upon a number of uncertainties and contingencies, many of which are beyond the control of the Company. Actual results may differ materially from those expressed or implied by such forward-looking statements. This document is not intended to be and is not an advertisement for any securities of the Company.
Contacts:
Meridian Medical Inc.
Warren Cudney
1-877-738-8119
all I know is that you should call Pete and ask him.
those are questions for Pete and Anna. As fas as I can tell, Korea tied Anna's hands as far as releasing any financials, info, etc. I'm sure there's a lot to the story that we don't know about (like Korean investors dumping shares), but until we can get some official info, we won't know. Maybe you should talk to Pete again sometime and see what he says.
actually...the PPS was at its highest with Anna. The massive decline has happened since she was screwed over by the people running it now. I'm waiting too see how this pans out after the end of this year.
sure as hell wish we could get some clarification from the company on exactly WHAT, as shareholders, we actually have shares IN. Sheesh. I miss Peter and Anna.
"I see no justice and theft being viewed as ok until it costs the thieves to much."
we agree. REALLY...we do. And one would hope a judge sees it that way as well..but, as a matter of LAW...if NO CHARGES are ever brought against the DTC/SEC/FINRA and whomever else, then the judge has nothing to rule on.
the worst part of all of this...IF it gets as far as getting before a judge..the LAWYERS are going to be the ones making all the freakin' money...not the stuck shareholders.
I think the war will simply be this: HOW do you prove you've been 'damaged"?
I honestly think that ANY judge looking at all the facts will indeed see the massive abuse, naked shorting, blah blah blah...BUT...
the simple fact: BCIT has NO revenue. NO Profits. No Product. NO NOTHING. It's a shell with no assets. There's nothing to prove that shareholders lost out on any potential profits, because there is no P/E Growth, revenue, projections, P&L Statements, etc.
IF this ever gets in front of a judge, it would be VERY obvious to him/her where the abuses are..But,proving damages would be impossible You could hope for a sympathetic jury, vendictive judge wishing to 'punish the system', etc...BUT..let's be honest with each other..On the Scale of Shit That's Wrong With The Market, BCIT is but a tiny grain of sand, quite indicative of HOW f'd it is, but, minute. (Madoff, et. al. come to mind).
. I very much see a scenario where a judge tells the brokers to REFUND your original purchase money, WITH Interest for the years your money was tied up (as if it were in a Money Market Account). We did indeed purchase something that was never delivered (and obviously can NOT be delivered). Some feel we're 'entitled' to more...Some don't.
I really don't ever see it happening this way. I think it really falls into the 'too big to fail' scenario (even tho it's BLATANT fraud). I think, at some point, the order will come down to simply REFUND peoples money that they spent on BCIT stock so nobody 'looses' money on the deal, and the books get closed on it completely. Then, if Energy Source wants to create a new CUSIP/Ticker and do brand new issuances, then so be it.
I dunno, Egor..I think the pissy cranky letter to the SFC was right up there with suing shareholders.
"Megas needed to file in order for us to have an inkling of hope to trade again! The SFC will no longer be in our corner either as they can simply say "sorry, the CEO chose not to file".... "
100% correct.
THAT is an excellent point!!!
thanks for the link..So does that mean it doesn't apply to the current BCIT situation>?
I'll send TDA an email requesting a Cert for my BCIT shares and see what they have to say.
thanks for that info.
In some cases, the Board may impose a revocation that expressly provides that a firm may reapply for registration after a fixed period. In other cases, the Board may impose a revocation with no such provision. "
and who exactly controls The Board? the people Megas pissed off with his cranky email? The people who want to protect major losses by brokers? Who?
I see that as irrelevant. All that matters as far as brokers are concerned is the CURRENT status. If 'the plan' is for us to go after the brokers again, it simply wont happen. The brokers will simply say "Sorry..the company failed to file, the SEC Revoked the stock. it's dead".
Of course, there are those who keep posting that it will get 'un-revoked'.. We'll see.
awww come on..i've had other good posts :)
so that begs the obvious question. What is there to exchange? Certs held in Street Name? Brokers simply say "sorry, BCIT was revoked. Your shares are invalid". Then what?
and how do you suppose our BCIT share will be converted to Energy Source shares, since BCIT is revoked?
the only thing I smell is the smell of burning rubber as the SEC, et. al beat feet away from the festering BCIT pile while laughing at Megas for letting BCIT get REVOKED.
WHOOHO!!!! Game on. Wonder what ol' Ronnie Welch is up to..Hope she enjoyed here big plasma tv.
:)