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ET and some other small brokers were on the list being served, don't know if they were the shorter's or not.
No, they just did what most Americans have been brought up to do,run to a lawyer and sue! Pick up a phone book and see the list of lawyers in there,sad.
And now he has written proof of NSS in a locked boxed!
Not using the hub name? Please post at will over there, we still need all the help we can get with any feed back on letters to the AG's.
Why are you not registered on the L-B-T website yet?
Yes we all live our lives each day but we saw what was right and a handful decided to dedicate some of their life to fight for it.If you chose to give up then please do not come on here asking for help wanting to know what has been going on in one post.That is the lazy way out,like some chose they want to sit out of the fight ,but once the rewards of the fight become available they want to be part of the group that fought.
Sorry you are not the only one checking in here now that the fight is under way and can see us being the victor in near term.
Please find out which of the AG's have been contacted, go to:
http://let-bcit-trade.com/
The question for a lot is,why did you just leave us here and not try to get involved?We have been here since day one talking and emailing all this time.The ones that have chosen to just give up and leave us here, in my book deserve nothing.
Sorry for being to the point,but you should understand if you don't help push the apple cart, you don't get any apples.
Companies make mistakes all the time, Have you heard of insurance?
Brokers have insurance just for this situation.Make them pay!!!
Straight from Mr.Megas it was around 300k!!!
And I own all of them, ET says so!
We put it to a vote a long time ago, and Vegas won out.But the bingo hall is looking good especially on chipped beef on toast(S.O.A.S) night at the buffet!!
The BCIT party has already been penciled in for Vegas, now the longer it takes to have this party we might end up moving to bingo hall down the street for some all night bingo until dinner time at 4:30pm Ha Ha
We have been acting now and the day before that and the weeks and months before that.We are moving at the pace that is placed upon us.
I'm going to stop there because with your earlier post about you saving us all 10k tops any list that we could produce on here,LOLOLOL!!!!
Well, where shall we start this long line of Kruy's predictions that are completely wrong:
1. Mr.Megas covered all shares,LOL!!!
Please feel free to stop us from adding to the embarrassing list before it gets to be at 100.
Great digging there MONEY,to bad we won't see any responses from him until we all are asleep and he comes out to post.He likes his posts to be only one sided argument.
That is a mystery to us all.We are mostly all on here pulling BCIT up the hill to the SEC's door steps and we still have some dead wait to drag along.That is why the more that grab this rope the easier it is to pull.
This is a proven naked short stock with help from all who sent in their proof of shares to the OK courts, I think we will be can throw out any records of any stock on the market to compare to.
No, Kruy owns BCIT so it wouldn't be him trying to stop BCIT from trading, right Kruy?
You realize that getting BCIT to trade is a good thing right? If anyone has been in this stock for almost four years and are trying to stop it from trading can't be very smart.Buy something then try to throw it away before you try to sell it.There are places for people like that and they ride the short bus to and from their house.
Very important updates are posted here, please sign up:
http://www.let-bcit-trade.com/mailing-lists/mail.cgi/list/bcitcal
What does trading mean,LOL been along time here with words like that!!!
That is in good but what we really need is someone from the SEC to come aboard for BCIT,does that Shapiro lady have anything going on before July 27th? He He He.
You are pulling our leg Bull!!
Kruy said Mr.Megas covered ALL shares, and he is never wrong,are you sure this is right?
I guess even if you are right someone will just sweep it under the made up rug, LOL!!!
What is market for BCIT? .01? 50.00?
Are you saying there is a live chat and stuff about BCIT on there??
From a popular poster from another forum:
Here's the state AG stuff that has been set-up and used. It was designed (by one of our very own) after talking with his state AG. It can be used AS IS because every state AG will be asking for the same info and using the same process.
There is no file # established just yet, will probably take another week but we felt this should be out there to be used. Hoping to get a few of you good people to "piggyback" along and get 6 to 10 other states on board.
It's pretty well explained but I don't know if the highlites etc. will come through; but please give it a look over and continue to add fuel to the fire building. It's a piece of the whole and is meant to supplement all the other efforts.
Thanks
On June 29th, 2009 two separate complaints were filed with the Arkansas Attorney General’s office. The two individuals named in the complaint are as follows:
Robert S. Khuzami, Director
Division of Enforcement
SEC Headquarters
100 F. Street, NE
Washington, DC. 20549
(202) 551-4500
Isaac Montal
The Depository Trust and Clearing Corp.
55 Water ST. FL 49th.
New York, NY. 10041-0004
(212) 855-3253
I would assume most complaint forms are very similar among all of the State AG Offices. They don’t leave much room which is why some attachments are necessary. All should be able to download the forms online and send them in if need be. I chose to pick up the form in person and speak to an investigator to put a face with the problem. This was also done because I work in the same building as the Arkansas Attorney General.
Here are the basic questions asked with my replies. Information has been sanitized at my discretion:
* Did you sign a contract? Yes, with my broker.
* Name of salesperson- Mytradz
* Product or service involved- XXX shares of BCIT stock
* Have you consulted an attorney? No, but the CEO of the company has.
* Who? Conner and Winters LLP
* Is there court action pending? Not to my knowledge
* Estimate of dollars involved- $XXX invested, but last official trade at 15 cents = $XXX
* Your view as a fair resolution to this matter- Let the stock trade by lifting the “global freeze” or pay last official trade of 15 cents a share to the shareholder. (This amount was required for the filing )
You are then given space to explain the circumstances and provide documentation. The investigator told me to keep it brief, but I mentioned the web site in my attachments for him to get more information as needed. Besides the introduction letter and the list of laws not being enforced, I included my brokerage statement showing when I purchased the stock. I also showed a screen shot of when my account showed the 15 cents a share to show what monetary damages I had incurred because I am not allowed to sell.
The process is as follows:
You file a complaint with your State AG Office. They forward your complaint on to the parties that you named. They give them a “reasonable” amount of time to reply. You are forwarded their reply and given a chance to refute what they have said. The AG office represents you and tries to help you receive resolution to your problem. Will your State AG Office sue the SEC or the DTCC? Probably not, but the more pressure we apply from all angles, the better chance we have of trading. We have to keep our situation in the limelight, and this pressure with Grassley’s and Burns will keep the heat on them.
TEMPLATE FOR LETTER; USE AS IS
Dear …., (Your state AG’s name here)
I am one of approximately 1500 investors who have been harmed in an investment of my hard earned dollars. Unfortunately, it seems lately that many investors have been harmed while chasing the “American Dream” on Wall Street. However, myself and everyone else that invested in Bancorp International Group, Incorporated have been harmed by circumstances that I believe are very unique, (or at least I hope so for the sake of this country and it’s financial well being).
We were not harmed by a greedy, unscrupulous CEO that ran his company into the ground through poor business practices. We were harmed by those entrusted to protect us and by those entrusted to ensure that the shares purchased were legitimate. And as of this date I, and my fellow shareholders have not received what we paid for; our shares or stock certificates. We all feel that four years should have been plenty of time to secure what we have already paid for.
Below is the current situation explained in brief. Please visit the website http://www.let-bcit-trade.com/ to obtain all of the details on this matter.
As the Securities Exchange Commission (SEC) claimed in Litigation Release No. 20466, Energy Source, Inc. (formerly known as Bancorp International Group, Inc. - BCIT), was a victim of corporate identity theft in 2005. The Fraudster flooded the public market with 41 counterfeit stock certificates representing hundreds of millions of shares. These counterfeit certificates were actually cleared into the public markets by the Depository Trust and Clearing Corporation (DTCC), the private corporation mandated by Congress for the clearing and settlement of security trades, even though the number of these counterfeit shares exceeded the easily verifiable legal outstanding share count by a factor of more than fifty.
Due to the appearance of these counterfeit shares, the DTCC ultimately suspended clearing services on August 11, 2005 and on August 31, 2005 the SEC suspended trading in the company’s shares. Through no fault of their own, Energy Source, Inc. has since spent almost four years and nearly $800,000 dollars to correct the problem created by the fraudster and facilitated by the DTCC.
The company has since satisfied its regulatory requirements with the Nevada Secretary of State, the SEC, and the Financial Industry Regulatory Authority (FINRA) to resume trading. The DTCC though, to obscure their negligence and liability, has unilaterally stonewalled the company’s efforts via a “Global Freeze” on trading, and has refused to remove this “Freeze” or advise the company why it still remains.
We as a shareholder base, have not seeked out a lawyer to help remedy our problem as the CEO, Thomas Megas has already done this at great expense and to no avail. We feel that filing a complaint at the state level with those entrusted to protect their citizens as one of the final means to help remedy this situation. This is where we seek your help and guidance to help make those at the Federal Level, the Securities and Exchange Commission enforce the laws that are already on the books. Please see attachment #1 for the laws that are not being enforced in this matter.
We also seek assistance in getting the Depository Trust Clearing Corporation (DTCC) to do their job. The DTCC failed to provide the following key services:
1. Not properly vetting the fraudulent Transfer Agent (Pamela Thompson), who was not authorized by the company to introduce new stock certificates or represent the company in any way whatsoever.
2. Not properly vetting the stock certificates which were an older version of the certificate, bearing an officer's name who was no longer an officer of the company.
3. Allowing the stock to be Naked Shorted to an abhorrent level for over a month, even after being informed by the rightful CEO Thomas Megas that the certificates were fraudulent.
All I ask is that these organizations due what is required of them by law and let this trade. Or at the very least, offer a settlement of 15 cents a share which is the price of the last legitimate trade.
I appreciate your assistance in looking into this matter.
Sincerely,
Xxxxx xxxxxxxxx ( Your name)
ATTACHMENT: #1
Which laws are not being enforced when "fails" are effected or persist?
The list of violated and unenforced rules and laws is long. The basic ones are:
1. Rule 15c6-1, the settlement cycle rule. This is the first line of defense and is the foundation of the market. It spells out the settlement date delivery requirement of securities. As long as the contracted for securities are delivered by the settlement date, all is good and all is as it should be. When delivery does not occur by the settlement date, there is a "fail to deliver".
2. Rule 15c3-3, the customer protection rule. This rule requires broker-dealers to promptly obtain and securely maintain securities, even in the event that securities are not delivered by the settlement date. Doing nothing is not an option.
3. Rule 10b-10, the trade confirmation rule. This SEC rule requires broker-dealers to confirm the identity, quantity and price of securities obtained on behalf of customers. When the brokers receive nothing but "fails to receive" rather than the contracted for securities, the brokers should not confirm the trade and confirm the quantity of the contracted for securities, because none have been obtained. When "fails" occur, broker-dealers confirm the trade to customers anyway, creating a false confirmation statement.
4. Section 9 of the Securities Exchange Act of 1934. This statute makes it unlawful to create a false or misleading appearance of active trading in any security registered on a national securities exchange, or to create a false or misleading appearance with respect to the market for any such security, and to effect any transaction in a registered security which involves no change in the beneficial ownership. False and misleading statements are also unlawful under this Section. Trading, confirming, taking money for and crediting fake and undefined securities in place of the real contracted for securities are violations of this federal statute.
5. Section 6(b)(5) of the Securities Exchange Act of 1934. This statute limits the authority of the SEC and the SROs by prohibiting them from regulating and selectively enforcing rules and statutes, in a way that is discriminatory against equity investors and issuers in favor of others. By "allowing" fails to occur through selective non enforcement of existing statutes and rules, the SEC and SROs are doing exactly that.
6. Section 17A of the Securities Exchange Act of 1934. This statute requires that settlement and clearing of securities be linked and that they happen promptly and accurately. It also requires that trades effect the transfer of record ownership of securities. When trades fail and phantom securities are delivered instead, these requirements are all violated.
7. Fiduciary duty to customers by broker-dealers. Among these are FINRA Conduct Rule IM-2310-2. Taking money from customers for the purchase of securities (they're supposed to be a broker), but not actually obtaining them and misrepresenting this failure to obtain securities by misrepresenting the identity and quantity of securities in customer accounts and filing false trade confirmations, is against the interest of the customers.
The reason we are not contacting the State Securities Dept. now is because they only tend to deal with issues in state. If you bought your shares online (as most of us did) the State Securities Dept. really is not effective.
Stick to contacting your state’s AG office with a note that you want to “piggyback” onto what is underway in Arkansas. There unfortunately won’t be a file # to reference yet until a response is gotten or a follow-up for a response is filed. That maybe another week or so, so getting started now seemed right.
Your state AG should contact the Arkansas AG’s office if needed to confirm their involvement.
A lot of people do not have the funds to purchase your shares,And yes they will be worth many times what your asking for.Sit tight and go back into hiding and let the true longs work on this for you.
Is this one those secret email things again about BCIT? LOL you are going to get someones panties in a wad.
P.S. like what I'm seeing over there, where? over there!!
Who has 1m shares? Kruy?
Wow sitting on a big fat gold mine when BCIT/Energy Source trades and it will, just don't know the day or year yet but it will.
You forget that Mr.Megas had his hands tied while the DTCC was telling him his best alternatives were.
99.99% all agree on here that Mr.Megas did not cover the shares, we have only one left now fighting this AND HE IS A SHAREHOLDER!!
Crazy world we live in.
Could it be that we have someone on here that works or getting paid under the table by the horrible,dreaded,nasty,meanies at the DTCC?
Stay tuned to find out as we unearth this impostor, soon!
Why would someone keep posting that Mr.Megas covered all the NSS and Pino shares?? Go to any website that covers stock info and see for yourself that all shares are not covered.
Why would a shareholder post this,unless he has something to hide?
The huge cat has been let out of bag now!!
Great work all of you on the website!
Lets keep a list updated here on all the false allegations by the drive by gang that helps out here when they notice our little BCIT stock gets attention:
1. There is no statute of limitations on fraud(thank kruy for that one)
2. Naked short selling, why yes it is very much alive and well in the market place( thank Janice S. for that one)
3. No our shares will not go POOF if BCIT was to get delisted( thank clarity789 and all his alias's plus davexv19 and jim bishop)
4. Mr.Megas covered all shares? (kruy thanks again for that big false one)
Any other ones we need to add,feel free to add.I am sure I missed a bunch since we have such a great crowd here to help us out with our BCIT.
Good news,now we can put our BCIT shares going poof to bed.But we all know that will not stop some here,sad.
Mr.Megas was going by a to do list set up by the DTC and his lawyers to get BCIT trading.
What? No "POOF" to BCIT shares like our great hub voyeurs want it to be?
Read the sticky notes above this post.