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Guess there's no reason for fund donation continuance as what's said in the bold print below can never happen!!!
Next question: Will the donations given so far be refunded when nothing happens and how long of a wait???
Posted by: ohbull2000 Date: Sunday, November 01, 2009 3:36:08 PM
In reply to: realwood who wrote msg# 126311 Post # of 126745
This is a total $20K realwood/nwsun...as posted before...
there are NO further costs. The $20K pays for stopping the de-listing, analysing(sp) the best approaches, and then suggesting a course of action or two. That's why the $20K is an all at once deal, this is the preliminary stage and what comes after it is another separate phase.
The website has provided Attaway et al with lots of background material, and there's lots more that is not on the website that Attaway does not have yet. One thing at a time.
Yep, hunt & pecked at a whopping one word per day speed!!!
That should get us the news within the next couple years.
"Can anyone else hear that typing of that PR thats coming"
Hundreds of posts will not change the fact that Megas messed up for the ??? time and screwed shareholders again and again with his bogus deals and lack of effort to solve BCITs situation!!!
Filing is not rocket science with no business for years, just re-hash old filings with new dates and a small amount of new information as there was nothing done for ever anyway and wa-la, done. But no. Megas lets BCIT get revoked instead!!! What a complete idiot!!!
What's really funny is the bull floating around here that Megas was told not to file as that would be benefit the cause, HA HA HA. Get real as this ride is over except dreams like that will keep the rumors flying with no information or trading!!!
Not answering the SEC complaint just shows what Megas really is about. Either he is a complete moron bucking the system or, could care less what happens with BCIT and us shareholders. Either way we are screwed as he cannot handle being a CEO of anything, much less this POS shell!!!
Go to another best buy. They instaled my 4 year old sirius radio, dock and antenna, plus my amp and speakers very reasonable in the Buffalo area!!! None where bought there.
"this is the preliminary stage and what comes after it is another separate phase."
So your saying 20k only gets us something we already have (no delisting) and a suggestion with a much larger bill to attached!!!
Guess I just made my decision,
NO THANKS
"Stop trying to make those shareholders who want more information the evil ones, bashers etc."
Well said!!!
The bottom line: There are 3 times more shares in the OS now, then there was in 2004!!!
Now that's an "impressive post-merger turnaround" placed right on the shareholders backs!!!
RSO please
Lets see!!! He was CEO of CMKX while they where running a scam, so therwise it is not slander.
"He was a way overrated gofer' Now your hitting below the belt!!!
You need to add stuck by broker not allowing to sell before the halt!!!
That's where you are wrong!!!
I tried to sell 2 days before the halt and TDA would not let me place the order!!!
"EVERYONE had a chance to sell before the halt..."
Yesterday was nice buying day !!!
The big question is: Will we ever hear from Megas or see any progress with filings once ski season starts???
That's just around the corner!!!
Swoosh!!! Swoosh!!! Swoosh!!!
From what I have seen this week, "TM be doing all this" whatever (hint, playing on vacation) while making us wait till after his number ???th vacation to grace us with a "donation"!!!
Hey Tommy, Paypal does work world wide!!!
"Megas needs to go" get a reality check and realize shareholders want answers in SEC filings!!!
Nice!!! "we have recorded our highest DART level for the first nine months of any year.”
S&P KEEPS HOLD OPINION ON SHARES OF E TRADE FINANCIAL
(Standard & Poor's)
Q3 loss of $0.61 vs. loss of $0.60 is wider than our $0.11 loss estimate, hurt by charges related to its debt exchange. Lower client activity levels and a lower net interest margin pressured revenues, while credit provisions remain elevated. The loan book continues to reflect market stress and will likely pressure revenues thoughout 2010. We think a restructured balance sheet improves ETFC's financial position. We widen our '09 loss estimate to $1.28 from $0.81, but improve our '10 estimate by $0.03 to a profit of $0.01, and we keep our target price of $2, equal to book value.
UPDATE 1-E*Trade loss beats Street, CEO sees future gains
Tue Oct 27, 2009 4:48pm EDT
Market News
Nasdaq, S&P 500 fall as tech, data weigh | Video
U.S. dollar, bonds up on weak consumer confidence
Oil rises toward $80 on economic recovery signs | Video
More Business & Investing News... Featured Broker sponsored link
* Loss 5 cts/shr, excluding items, vs Street's 6 cts loss
* CEO expects to gain share from older rivals in long run
* Shares off 5 cts, or 3.2 pct
By Jonathan Spicer
NEW YORK, Oct 27 (Reuters) - E*Trade Financial Corp (ETFC.O) reported its ninth straight quarterly loss on Tuesday but beat Wall Street expectations as the online broker's loan loss troubles continued to ease, and the CEO looked forward to grabbing market share from rivals.
The U.S. company, which has aggressively raised capital to repair damage from the mortgage market crisis, also backpedaled slightly in its home equity portfolio, where special mention delinquencies edged up 1 percent.
E*Trade shares fell 5 cents, or 3.2 percent, after closing at $1.57 on Nasdaq, reflecting investor worries that loan delinquencies could stall the company's turnaround.
Still, daily average trading rose 7 percent from last year as individual investors took advantage of the stock market rise. E*Trade Chief Executive Donald Layton said in an interview that although traders have been resilient, there is much uncertainty over volumes in the next few quarters.
"It's better to manage from caution at this point," Layton said. "But I believe that (in the) long run, online, we'll steal market share from old traditional brokers ... and have a superior growth rate."
E*Trade reported a loss of $831.7 million, or 66 cents per share, in the quarter ended Sept. 30, compared with a loss of $143.2 million, or 22 cents, in the same period a year earlier.
Excluding a largely anticipated pretax charge of $968 million related to its debt exchange, the company's loss was $59 million, or 5 cents per share.
That was a penny better than analysts' average forecast of a loss of 6 cents per share, according to Thomson Reuters I/B/E/S. There was a wide range of estimates.
Revenue jumped 52 percent to $575 million.
E*Trade's provision for loan losses was $347 million, down from $405 million in the previous quarter and from a peak of $518 million a year ago. It logged $352 million in charge-offs, down from $386 million in the previous quarter.
"We expect them to continue to decline" quarter over quarter "for a substantial period of time," Layton said of the charge-offs.
BAD REAL ESTATE BETS UPDATE 1-E*Trade loss beats Street, CEO sees future gains
Tue Oct 27, 2009 4:48pm EDT
Market News
Nasdaq, S&P 500 fall as tech, data weigh
U.S. dollar, bonds up on weak consumer confidence
Oil rises toward $80 on economic recovery signs
More Business & Investing News... Featured Broker sponsored link
New York-based E*Trade's troubles stem from loans its bank made earlier this decade in the real estate market. The company, which some see as a takeover target, was under regulatory pressure this year to raise capital and shore up its balance sheet.
It completed a common stock offering and a $1.76 billion debt swap in the last few months, helped in large part by hedge fund firm Citadel Investment Group, which now holds a stake of nearly 10 percent in the online brokerage.
While special mention delinquencies in the home equity portfolio -- which represent the company's greatest exposure to loan losses -- edged higher in the latest quarter, Layton noted that the closely watched figure dropped 34 percent in the first four months of this year.
"There is no way that was going to keep up. So we knew we would have a period of decline exhaustion," said Layton, who will step down by year end. [ID:nN09322962]
"We're watching it carefully but we don't believe" there is anything to worry about, he added, referencing but not revealing preliminary numbers so far in October.
Layton declined to predict when E*Trade would be back in the black, saying it depends heavily on future declines in loan loss provisions. "We seem to have ended" the economic decline from a gross domestic product perspective, he said.
"I don't see the economy being something that would dramatically improve our loan portfolio," the CEO added. (Reporting by Jonathan Spicer; Editing by Gary Hill)
http://www.reuters.com/article/marketsNews/idCNN2726411620091027?rpc=44
E-Trade's 3Q loss widens on charge
E-Trade Financial reports wider loss, largely due to a charge
On 4:07 pm EDT, Tuesday October 27, 2009
Buzz up! 0 Print
NEW YORK (AP) -- Online brokerage E-Trade Financial Corp. says its loss widened in the third quarter in large part because of a charge for a debt exchange.
For the three months ending Sept. 30, the company lost $832 million, or 66 cents per share. That compared with a loss of $50 million, or 9 cents per share, in the year-earlier period.
The results included a $773 million charge to extinguish debt in relation to the company's $1.74 billion debt exchange.
Excluding that, the company lost $59 million, or 5 cents per share, for the quarter. Analysts polled by Thomson Reuters, who do not include one-time charges, forecast a loss of 6 cents per share.
CEO Donald Layton noted that the company's trading volume was up 7 percent from the same time last year, suggesting that the firm's core business is healthy.
http://finance.yahoo.com/news/ETrades-3Q-loss-widens-on-apf-714593284.html?x=0&.v=1
That was easy!!! "There's"
"income/Expense"
NONE!!! Oh wait, the cost of one PR.
"Share Structure(and where the shares are)"
ONLY SHORTY KNOWS!!! As megas has no clue what he is or was doing.
"What the company has been up to"
ABSOLUTELY NOTHING!!! Same nadda different year.
"Where the company is heading."
ABSOLUTELY NOWHERE!!! as long as Megas still sits on his hands.
What am I missing? What is the difficult part?
NOT TRADING!!! As long as Megas keeps up the same pace.
There we go, filings done!!!
All joking aside, Filing is not that big of a deal for a shell company with past filings done to work from, while doing nothing for years!!!
Has any move Megas has done, ever made sense???
"It makes no sense"
NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO
Have I covered all his bone head moves???
Where's the filings Megas???
Another week of the same coming your way from the master of silence!!!
What filings has Megas updated??? "We hoped the SFC could force the issue, but that result is now hindered by Megas updating all filings."
If the wait is as long as Megas is taking to file with the SEC. Then, don't hold your breath!!!
The start of another week has come!!!
Lets see if Megas follows the same path and lets the shareholders down again)))again))))))again)))))))))again)))))))))))) I will stop here as I don't have room or time to continue, LOL!!!
Anyone want to take bets we hear and see nothing???
Good news would be congress extending and raising the home buyer credit and positive earnings!!!
turn2him, It is you who are inept about the system!!! I have been around the market for for many years and have watched pink sheet companies try this trick over & over using the exact loop hole talk you are to say I am inept about. Guess what??? The SEC gets them in the end!!! Parlor tricks and pink sheet shenanigans will not get BCIT trading. Megas learned that messing with Pino in the first place. There is over 1500 shareholders, not 10 (now that's a joke LOL) as you claim and the SEC knows this. Trying to belittle me is not the answer as I guess it is you who has lots to learn!!!
Almost time to buy back in!!!
Another week with no filings, Guess Megas is just sticking his nose up at us snickering while thinking were not shareholders again!!! Sorry, but I don't see any legit reason for this long of a hold up to re-write old filings into new ones!!! How hard can it be, He has done it several times now???
My agenda is to see Megas take care of past filings and get BCIT trading without resorting to cheap pink sheet loop hole tricks like filing a form 15-15D and nothing more!!!
Filing a form 15-15D will do nothing but delay trading and cause the SEC to come hard and fast after Megas. Unless that really is the true agenda here, I don't think true shareholders want that!!!
"Such an agenda twist"
Thanks, today would be a great day for filings!!!
IMO, it's a matter of convince of the situation at hand. First BCIT has 1500 plus shareholders proclaimed by most here. Then all the sudden we have less then 400 in an attempt to use a seedy, under handed pink sheet trick of a form 15-15D loop hole filing. Which could result in only aggravating the SEC even more!!!
Can we say instant revocation for using this nasty little trick???
Sorry but more games, tricks or back door deals are not the answer!!!
It's been over four years now, when will we learn???
Why are the SEC actions not sticky noted so people can see what's really going on??? Should not both sides of the story be told???
"Cut the crap and file." 100% agreed!!! This stalling is typical of Megas's usual games!!! It's obvious Megas wants to sit back and do the usual nothing. There are no excuses for filings to not be done already. What's next, another back door deal attempt with the criminals???
More games will get us nowhere but revoked!!! Now I am aggravated and will be pounding on BCIT and Megas till filings are done. And, yes I will be subscribing with IHUB to be able to hammer on them with a vengeance more then 15 posts a day.
DEADLINE HAS COME and in the SECs eyes has past!!! Yesterday was the 10th day, What king of fool do we have for a CEO who thinks he can mess with the SEC who want's nothing more then to shut down BCIT for the DTCC and get away with it??? Either this guy is a completely oblivious to the way thing work in the market, moron or major scam artist, guess it's time for him to make the choice!!!
So you want to have it both ways!!! It has been posted here over & over again there is 1500 plus shareholders and the court doc's prove this. Now you claim only 80, which is it???
At this point in the game, I doubt he will be able to get away on a technicality!!! Besides, this would be just more of the same old back door dirty dealing that got us here in the first place and I think he should have learned his lesson with those type of deals!!!
If I remember right you have to have only 3 or 400 shareholders to file form 15-15D, BCIT has what??? 1500 plus!!!
Filing dead line is tomorrow for my patients!!! I feel this was chance enough for him to make things right!!!
If Megas dose not file by then, I am going back to hammering on him with a vengeance for playing games with shareholders as it has taken long enough!!!
I'm even thinking of paying for a sub to hit hard without the 15 post a day restriction!!!