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Hold on people, read the 8k carefully, it does NOT say that the meeting has been canceled/ moved this month, it says that there has been an amendment to set the ANNUAL meeting to June.Anyone else see this?
zdon
From the def14:
"Our management and major shareholders possess the majority of the votes entitled to vote on the proposals at the meeting and intend to vote in favor of each of the four proposals. As a result, all four proposals are expected to be approved at the meeting."
trsabslation: the reverse split will happen, the name change will happen.our vote cannot affect the outcome in this case.
all imo
Zdon
anyone..
ok, ive been lurking in the backgound ,monitoring events here. First there where the lawsuits, there now done, then there was pause, then there was the proxy wait, apparently thats done, now another pause, last sec filing "hinted" at trading before june, so what are we waiting for now?.. the official proxy vote??
all imo and tia
zdon
sorry.. posted by Art Gecko
RE: Schwab
From: Thomas Megas (tpm14@hotmail.com)
Sent: Tue 10/23/07 3:44 PM
To: art gecko (aphoenix31@hotmail.com)
If schwab can deliver legit certs to the transfer agent bcit will immediately pay any fees due for the issuance of new certs. bcit is more than willing to pay for expense related to the issuance of certs. Schwab cannot deliver , Schwab has already indicated to the company they are 60 million shares short.
tm bcit
From: Art Gecko [mailto:aphoenix31@hotmail.com]>
Sent: Tuesday, October 23, 2007 9:47 AM>
To: Thomas Megas
Subject: Schwab
> Interesting what Schwab seems to be telling people now... jeez.>
http://ragingbull.quote.com/mboard/boards.cgi?board=BCIT&read=50787
> By: sharonb> 22 Oct 2007, 09:20 PM EDT> Msg. 50787 of 50797> Jump to msg. #
> Schwab response to my request for certs.
> Dear Ms. BXXXXXX:> Thank you for your email regarding the certificate you wish to order.> Unfortunately, you may not order certificates for worthless securities such as Bancorp International Group since the issuing company has no money to pay the Transfer Agent for ordering out the stock. We sincerely regret any inconvenience this situation may cause. If you are interested in having the position removed from your account, please let me know and I will be happy to let you know how to proceed.> Ms. BXXXXXX if you have additional questions, please feel free to reply to this email. We greatly appreciate your business.> Sincerely,> Bruce Cerski> Investment Specialist> Guard against identity theft by avoiding email and Internet fraud: Be aware that Schwab will never request or disclose your personal information (account number, login password, Social Security Number) in either a non-secure or unsolicited e-mail communication.> NOTICE: All email sent to or from the Charles Schwab corporate email system may be retained, monitored, and/or reviewed by Schwab personnel.> (c) 2007 Charles Schwab & Co., Inc. All rights reserved. Member SIPC - - - - - -
per email posted by akirat:
Schwab has already indicated to the company they are 60 million shares short.
A Pause.. To remember Those who lost thier lives on this day 6 years ago..
Zdon�
Bobby why issue new shares if they wont clear them?.. there are other clearing houses, maybe he's leaving his options open, the only way i see this resolving is to re-open the case , and get a declatory judement against carter. the lawyers have laid the platform for this, see my post from earlier today. Megas is keeping the shares in his hands, and rightly so until the "clearing problem related to identifying the fraudulent shares is resolved. thats what the dtcc wants.declatory judement proves that, the question is is there a cheaper, alternative. going after carter alone would be cheaper that going after all of us..just a thought
all imo treat it as such
zdon
The next step in this saga may be, to re-open case (the infamous shareholder lawsuit) and proceed to get a declaration against the carter group. Remember the case was dismissed with prejudice, so Megas and team can go after them again. I would think this would be likely , since they backed out of a verbal (if not written) settlement to provide documentation for the shares they have (read the response to lawyers fees by BCIT carefully).This may also be why the exhibits where included to make this a part of the court record.BCIT's lawyers make it very clear that they dismissed the case partly because of "concerns" by the carter lawyers.I expect BCIT and the Judge to act swiftly.. i hope..
all imo treat it as such
Zdon
bull, from exibit "A".. the declatory judement is out of the window..
may take new case to get it..
18. Once claims #2 - #5 were dismissed, Bancorp continued to pursue its declaratory judgment action against all of the Defendants because it is a legally viable claim against every named Defendant. Even though Bancorp believes it is entitled to a declaratory judgment against the Defendants and it is the relief needed for Bancorp’s stock to begin trading again, Bancorp dismissed the declaratory judgment action due to economic and practical considerations.
After Reading the Brief again, BCIT's lawyers got screwed.It seems that the carter crew baited them into dismissing the entire case, in exchange for providing proof of shares, as we know carter and crew backed out of the deal, and never provided proof.Seems like the lawyers did not cover thier butts on this one. i may be reading it wrong,but it looks to me like we had them on the ropes, they said i give up if you stop hitting me, then the bell rung and they said SIKE.
i stand corrected $.19 is the base value, you must multiply this by 30 to get short squeeze factor :)
With that information, no wonder Legacy adjusted the price so rapidly, it belongs at $5.25 WITHOUT ANY ADDITIONAL ASSETS!
all imo treat it as such
zdon
documents state 100 million dollar company value our current o/s is 525,035,229 thats $5.25 / (legal) share.
HMM $5.25 / SHARE BASED ON O/S of 525,035,229 AND $100 MILL VALUE.
all imo.. no wait .. thats fact!!
ZDON
However...
Looking at exibit "c" the carters responses are cut and paste, seems obvious to me that they have something to hide (or nothing to show),i'm wondering if the judge may order carter to produce these documents, as support for the claim for 7 grand in atty's fees?.. now wouldnt that be a twist, BCIT says yeah i'll pay your fees, then the judge will slap you with a court order for the documents anyway...lol ironicaly we get our judgement, becare carters atty's filed a motion that sunk thier defendants
all imo treat it as such
zdon
the document contains a very detailed log of events. Freom exibit a. it seems that another court case may be needed. BCIT seems to believe that a declatory Jugement is still needed: from
exibit "a"
18. Once claims #2 - #5 were dismissed, Bancorp continued to pursue its declaratory judgment action against all of the Defendants because it is a legally viable claim against every named Defendant. Even though Bancorp believes it is entitled to a declaratory judgment against the Defendants and it is the relief needed for Bancorp’s stock to begin trading again, Bancorp dismissed the declaratory judgment action due to economic and practical considerations.
the most import tant part of the news today many are missing is that the ok site states "WITH BRIEF IN SUPPORT". THIS MEANS THAT THE LAWYERS HAVE CITED A CASE WITH PRECIDENCE IN THIER DEFENSE OF BCIT. They didnt just say no, they stated previous rulings similar to our case supporting the reason why no payment should be issued.
all imo treat it as such
zdon
FROM THE LATEST FILING :FORM 10-KSB
PART II
Item 5. Market for Common Equity and Related Stockholder Matters and Small Business Issuers Purchases of Equity Securities
Lack of Market
..We were advised by DTC that it would not provide settlement services for transactions in our common stock due to the existence of Invalid Certificates. We currently believe that DTC will once again provide settlement services for transactions in our common stock once the Stock Certificate Litigation is resolved, although there are no assurances DTC will do so. See “Legal Proceedings.”
LAWSUITS ARE THE KEY, all are now closed, the fun begins.. imo
zdon
legalegaltx, i agree that the countersuits may not have held us up, but the cases involving darbie, and the suing of the shareholders to find out who the culprits where that held false certs DEFINATELY were. Read the filings carefully.The DTC put the burden to remove the illegal certs in Megas's lap. Megas in turn had to use the legal system to find,and account for those certs (hence the lawsuits).It is my opinion that once Megas presents the DTC with his findings, then we will be allowed to trade.
all imo treat it as such.
zdon
bobbybdb THE EXTENSION HAS ALREADY BEEN FILED FOR, IT ENDS TODAY
and oh yeah, the lawsuits were mentioned in the posted filings. THERE IS A DEFINATE CONNECTION.
legalegaltx i dieagree, the lawsuits have EVERYTHING to do with BCIT. We are on the ouside and do not know the strategy that Megas has. So you cannot assume that one has nothing to do with the other.If those filings have any valuation, then it has a DIRECT impact as to leverage Megas could be using to get certain parties to settle. You cannot make a blanket statement that one has nothing to do with the other. None of us has any inside information, and will not know the whole picture until all of this unfolds.Logic dictates that Megas did not catch up on all of the past filings, only to stop at the last 2 for no reason.They coicide with discovery in the lawsuits,would reveal the now known T/A and other information.Lawsuits are playing a part just like the filings.you will have filings once legal maneuvers are complete.. all imo
zdon
Everyone, imo will will see nothing until tomorrow,
the OK. court site is the place to be. BCIT's lawyers asked for an extension to reply's relating to court/lawetrs fees.The reply was due in today, in the past we have seen updates after 5:00 pm, or the next day.If my memory serves me correctly, this is the final open lawsuit by BCIT concerning any matter.I may and could be wrong, but this may be the end of the legal portion of our battle, unless of course someone intitates another lawsuit for the resons flying around this board.It would truly be ironic if we are standing at the door, only to have someone jump the gun and delay us even further... hmmm
all imo treat it as such
Zdon
good grief, READ THE FILINGS!! the dtc DID NOT TELL MEGAS TO SUE US!! THEY WANTED HIM TO REMOVE THE ILLEGAL CERTS..PLAN AND SIMPLE!!They wanted megas to do thier job for them.Thus he was left with few tools to get the job done in a minimum amount of time.The lawsuit was the tool of choice to expedite the process of locating and removing the illegal forged certs.Poeple need to stop twisting facs, it is clearly stated what the dtc wanted.
all imo
zdon
my point is, the new shares you acquire, and resell will not be at 15% a simple test sell of 1000 shares and rebuy, could cost you plenty at 10 bucks, vs 15% if you did not sell and then rebuy.
f1fans and all who are selling, remember you are "selling" away your 15% tax advantage trading it for your standard tax braket when you finally sell for the eventual windfall, this "test selling" could be very, very costly be careful,
all imo treat it as such
zdon
hello world