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bobby, As far as I can determine, Megas gets a lot
of suggestions. IF he likes one, he'll usually \
comment. If it is something he is going to pass on,
he might not comment. My experience with Megas, that is, has been like this. I think he does appreciate
suggestions he hasn't already examined. imho
The email was not a fake, like so many others were not,either. But the content didn't merit a PR,
and hence the efficiency of emails.
Oppy, you simply failed to grasp the pschology
of the man, a man who has made millions by cutting
through bs to the bottom line.
In the case of the US politicized & compromised regulartory agencies, he has been frustrated and angered. Even
though I have no reason to suspect he is in less than
optimum health, perhaps it is dangerous for his
blood pressure to deal with BCIT daily, or to constantly reassure the fake shareholders, when, really, to defeat the DTCC & colusive brokers and SEC requires stealth and
no hints of strategies for those enemies who haunt this board daily. Silence is golden, while Megas
makes time his friend. (And what Megas accomplishes,
will bring us justice as well). Be patient and
respectful, I'd advise. The first five years belonged to the DTCC and their games. The next years are for Megas. Please: Give him
that time, at least, before you insult and disrespect him.
He stated it in an email reply to a shareholder,
some months ago. If you had been following this
board you would have seen it , easily. I am not
going to go back and dig it up for you. I am satisfied. It was in his idiom and with his unchanged
email address. MOreover, whenever I have something
he considers relevant, he replies from the same email
address. You are a doubter, that's all. No cure for you, I guess.
2lATE, I couldn't have expressed it better, complete
with red letters. All this rudeness toward Megas
is totally unfair, imho.
What's a lie that I posted? That Megas stated he
\has not given up. That's no lie.
Molson, Megas has stated already that he has not given up. I don't think you have the patience to
understand how difficult a fence the DTCC and SEC
made around BCIT and it is not something one just
blows through easily. Why should Megas have to state over and over and over that he has not given up, meaning, if he has any concrete plans, it is not
something he would confide to his enemies (IE on a
public posting board) until after the fact. Meanwhile he doesn't deserve unwarranted accusations
that he has given up and walked away, etc etc.
THe most constructive thing we can do, right now,
is monitor any progress in cleaning up Wall STreet
and Washington and the SEC, and keep a sharp eye on our brokers and out accounts, and be patient with
Megas. I've heard enough emails to convince me
he is serious about building Energy Source into a viable company . After all, over the five years
Megas was in closer communication, I had an opportunity to assess his character and that was
enough to convince me he was NOT the enemy in theBCIT
impasse. And that, moreover, congress was not our
friend, either, despite all the hopes pinned upon the SFC, Congress has acted like idiots regarding Wall
Street and the SEC. Madorf is right, the Fed Reserve and all its afiliates, is the giant PONZI
of all time. They are shrinking our Snickers bars,
even as we speak, lol.
Picture from Oh Bull of Megas in PNG has been posted
weeks ago. Keep the faith.
IMHO, If you haven't contributed to the legal
fund, you aren't serious about legal redress.
None of us can afford to sue on our own. And without
contributors, this is going nowhere from shareholder
point of view, that is, unless and until Megas decides what is to be
the next move against powerful goverment agencies.
If I knew what was to be Megas next move, I wouldn't divulge it here. I'm sure, when the time is right, Megas will clarify his decisions and meanwhile,
he is working in PNG on behalf of Energy Source.
GO MEGAS. GO ENERGY SOURCE.
Keep the faith, Molson. Megas has not vanished.
He is busy. And, I might guess, put off by the
unwarranted accusations and insults from certain
people on this particular board.
It is my understanding that Megas is working on the PNG project. I have no reason to doubt this, except
that it takes time. He is not one to convey no
news. When there is news, I am sure we will be apprised. Meanwhile, instead of patience a lot of folks seem to use this board to insult Megas as scam artist, which is plain crazy., The legal fund has not achieved its mimimum. That is one reason no action. I have $600 in the fund, and see no reason
not to believe that the $20K will not be reached at some
point, especially if the brokers begin to expunge
shares. imho. If I get a windfall, and we are just
short of the $20K needed, I may donate again.
If this does not reach the courts, I will be disappointed. But I see no reason to believe NSS
will be a big issue with BCIT, when the time is right. (IE when value has been added to the shell).
PNG is a work in progress, called Energy Source.
Those who have built a profitable company in a
difficult location in a short time, throw the first stone(Kruy, ready aim fire?)
I can't believe that sooner or later the rotten
eggs in the regulatory mix are going to answer for
neglect (or colusion). I will be waiting patiently
for this to happen, whether by Overstock or something
Madoff gives out, even. It will have to happen, imho.
Meanwhile, I trust Megas has a plan to implement,
and await that, as well.
Don't be too sure. I'm hanging around just in case
Megas figures out how to bring it off, or we find
enough shareholders willing to fight for themselve
(ie the legal fund route) eventually. Heck, if I
came into a lot of money, I would sue.
I think he will find a way to get revenge for
the global freeze.
You are getting the concept, finally. The art of
war is strike where and when you enemy does not expect. And that principal does not go stale.
OP: The email stating slowly for awhile was this
year's email. Not an email sent 5 years ago. It
refers to time present, minus the 5 years, obviously.
You always seem to want to paint the worst version
of affairs.
Geez, Megas has not vanished. He's in PNG.
We hit a big snag,
and as he advised via email, things will progress
slowly for awhile. I take him at his word and am
remaining patient and hopeful. He has a stella track
record on which I am counting for eventual resolutions.
As for the griping about the letter for the SFC,
I found it refreshing. indeed, I wish I had written it to my senator's assistant. These guys in SFC didn't, and still don't , have a clue about the corruption in the SEC and DTCC. If they did, these august and fine
bodies of corruption would have been disbanded not
long after the Madoff affaire, imho.
I'm not in the business of liason. Just trying to
fill you in on what my impression is of what Megas
is up to. Take it or leave it. But I'm not
hanging around here because I think all is lost,
believe me. I think we have a heck of a chance at
justice, ahead a year or maybe even less.
There is progress being made in PNG in the name of
Energy Source, and making it a viable company with
a product and profits. I would advise to hold on
at least another couple of years. In my opinion Megas wants justice, which will be the same as revenge, and, as you may know the saying, " revenge is a dish best served cold."
It's Energy Source's project in PNG, not BCIT.
But you knew that. You're just muddying the waters.
The shareholder's legal fund was iniated by and for
shareholders. Megas had nothing to do with the idea,
he simply approved of it. But our shareholders are
so parsimonious the contributions so anemic,
it has not got off the ground.
PNG, that is Megas project. And, given the cynicism
on this board, I doubt he wants to share each
day's ups and downs with this board. If something
significant transpires, I am sure we will learn of it.
I do expect progress from Megas, and I am willing to
wait for the time necessary to launch a new project
down under. I have other things to occupy my time
than to be impatient with Megas.
..but any shareholder(s) that base facts and faith on a generic photo that could have been shot just about anywhere..
(NOT REALLY, LOOK CLOSER AT THE PHOTO.
AND also explain why Megas would take the elaborate trouble to make up the PNG endeavor out of thin air.)
What's preposterous is this idea that all govenment agencies including the DTCC,SEC,DOJ,FBI,SS,SFC,brokers,mm's,etc etc are all illegally out to conspire against BCIT/TM.
YOU ARE NAIVE TO THINK THAT NONE OF THESE ENTITIES
ARE CORRUPT ENOUGH TO CONSPIRE AGAINST BCIT. How
many cases like Madoff does it take to show you the light?
You give just two months to open a mine shuttered
for years! Give me a break. Since when are you
the expert on such matters and how long it might take?
Molson, you doubt Megas is in PNG? Then what about the photo. You think that was staged?!!!!!
Your distrust of a man who has fought hard to get
BCIT trading shows a cynicism I find hard to
comprehend. Your version of affairs is that you are beset on all sides by corruption, on one side
by the DTCC and the brokers and on the other side
by Megas. Now doesn't this seem a little preposterous that you are surrounded by enemies?
Especially since the DTCC and Megas are not exactly
on the same team?
I read Megas refusal to comfort you with repeating himself quite logical. Megas is not one to repeat himself nor communicate at length when there is nothing new to relate. Can't you get that?
In fact the more you harrange I suspect the less likely Megas is to relent and repeat himself.
No wonder you find my posts "obnoxious". They are not what you want to hear. But anyway, chill out.
Things are not as bad as you want to believe.
I fail to understand why there is such confusion.
We have a CEO who communicates, but is not believed.
Should he re-iussue every communication with an underline? Or just be quiet? I am sure the latter is preferred, since whatever he says is forgotten, obviously (ie that he is in PNG working on EnergySource, that things are going slowly. We even had a photograph of him with PNG persons! Photos don't lie!!! ).
Add to this the insults people throw at him on this
board, never mind just the bashers, there are shareholders who are rude.
Add to this that any strategy he might be hatching
is not something he wants to share in public with his enemies at the DTCC and the brokerages.
Silence is golden. Pun intended.
As for Freedom and your donation, I hope it represents a decent percentage of your holdings? I find it a little wierd you distrust a legal firm over a petty $50, however.
(I gave .001865 % of my holdings to the legal fund.
I will give more if the legal avenue heats up. I believe we were wronged and I will enjoy a good fight for the right, when the time comes.).
For those who keep the faith, GO ENERGY SOURCE AND
GOD PROTECT MEGAS IN PNG !!!!
AlanC, welcome news about Overstock's persistence toward jury. Too bad it is delayed to Dec, but
we at BCIT know what delay in justice is all about,
so well.
Thanks for posting. Bethinks we will have our day of justice, also, even if we, like Overstock, have to
wait until the time is right to strike.
Here's hoping that Energy Source gets it legs
in 2011, that the legal fund grows, and that shareholders hang tight, despite the patience required.
Go Megas, Go Energy Source.
PS (Does anybody recall how relieved we have been,
in the past, whenever Megas emerges to make comments and give a sense of direction? I expect that history will repeat itself over the next year.)
Molson, I assure you, from my vantage, Megas is
a man of integrity and has not abandoned his intent
to have the naked short shares made good by those
that sold them. And, as has been pointed out many times, what is good for Megas will likely be good
for all shareholders holding phantom shares. So I
have no doubt his aim and ours are not at odds.
But the denegration and doubts
he is subjected to in this particular forum must
certain;y play a role in his reluctance to comment.
Plus we all know PRs are expensive to issue, very formal and awkward and
the last one was attacked, due to adjustments
needed after the revocation that, I doubt, Megas
wanted to spend more money to clarify.
I am sorry you are doubting he is still working to
get Energy Source a value the shorts will not
appreciate. I am sorry you don't think a lot of time and effort has to go into such a project in
PNG. That it takes a lot of time, which space of time
is far from over, by my estimates, from the amount I am willing to grant as needed.
I hope you have donated to the legal fund, in case
we need and have the signal from Megas, to go forward
with Attaway, as a backup plan to whatever Megas
is working on. Or until we have enough donations
from whatever members, to proceed with or without
Megas, and the political climate is favorable, at
some point hopefully, to an attack on the DTC.
So long as my shares remain in my Scottrade Addount
I still have hope they will be of value, if only
to gain revenge on those who sold them to me and then
are trying to prevent me from selling them, via
a "Global lock". The irony of all this will someday,
I hope and expect, be revealed.
Go Energy Source.
Egads, this board is like he loves me he loves me not--- endlessly looped. We await developments.
Is that so hard after six years of run around by DTC?
Meanwhile, it might be entertaining and much more constructive , to see what is
being done or not done by the press (the politicians have abdecated the job) , to clean up
Wall Street. Take a positive tone to things, here.
Megas is not the villain, for gods sake. Just because he doesn't give us a bedtime story every
day, doesn't mean he is not working to get Energy
Source some legs. Those with the least patience
are tending to turn their restlessness to crude
and unfair innuendo.
For a government who ,by an unbiased commission,has been given a share of blame
in one of the worst environmental disasters in US
history, and whose advisors are part of the old boy system of Wall STreet, how can anyone doubt
that BCIT's sad situation was perpetrated by the
old boy network at the SEC and the DTC and the prime
brokerages? How can there be a shred of doubt where the blame lies, here?
I have to guess why he doesn't provide uptdates.
Take your choice.
1) There is little sure progress in cementing business deals because of political impasses,
climate difficulties, locale obstacles to shipping in equipment and bad weather (could the Queensland
flood be a factor?)
2) He is a surly character who doesn't like most of his fake shareholders, many of whom castigate him
constantly. Consequently, he feels no need to update
most of them on what is a tar and molasses situation
with no real progress in years.
3) He is tired of the legal impasses and wants to
take a vacation from BCIT"s woes while he pursues
other avenues of profit.
4)He sees no need to communicate more than he has,
since there is no new breakthroughs in BCIT
situation
5) He is a man of few words, and will communicate only when there is something of significance to
impart
I can wait. I have a life. But it is frustrating,
which frustration I feel toward our lax regulators
and the thieves of Wall Street, not on Megas.
I concur. There is no doubt Megas is busy in PNG.
And I have no doubt he will emerge from there with
a business, or he may fail. But I judge him more of a bulldog who would not be spending months upon months in PNG without something to show for it.
We have to wait on this, simple. No profit for
energy source, no squeeze.
Meanwhile, we can follow the battle against Wall Street con artists, which is ongoing. grist for
the TV show American Greed. I await it
s expose with enthusiasm. Disappointment in Obama
regarding letting Wall Street do business as usual.
No vote from me.
Happy New Year. May this year bring a break in our
"case." I feel like the guy imprisoned for a crime
I didn't do, and awaiting legal appeal process.
SLOW is not the word.
Happy New Year all longs. May this be the year Energy
Source gets its act together.
At some pount and & in some way Megas must pursue
justice. Whatever is transpiring in PNG must be
compelling and, hopefully, a buttress to Energy
Source that will help cause the short sellers
great grief. When is the question, and I continue to assume it will be when Megas is less distracted by
PNG affaires.
Nice effort, AlanC. thanks. I also sent complaint
to Presidents office. I said it was my impression
that congress did not understand the slight of hand
of naked short selling, which Europe has banned,
but still is rampant here. Hopefully all BCIT
shareholders will utilize this format for whistle
blowing.
You doubt that Megas is in PNG working to create
value for Energy Source? Not too long ago a picture
of Megas in PNG was submitted here, and he has been in touch sparingly from there. What else could he be doing there, I ask you?
He has also stated that he has not given up, but
given the crookedness of the DTCC and the run around
given Megas is Oklahoma and afterwards, how can you doubt the obstacles to getting this short covered
are formidable, as should be the rewards, once
we move forward legally.
Meanwhile, it appears most shareholders have given up
and will not contribute fractional pennies on the
dollars they have invested to attempt a legal challenge of the situation . Without shareholders willing to take legal action, we await Megas
to do something. We have no choice. And I, for one
would rather side with Megas than the SEC and DTCC
dirty tricks.
If I were Megas, I would be very angry, but without
value for Energy Source, I don't think we have
recourse. I await results from PNG. I still have my shares. Meanwhile, there are other investment
avenues to take, and I am working hard at these,
and thus the wait for Megas is less painful than if
I were counting on BCIT to come to fruition.
It's good to have more than one horse in the race,
imho. And I applaud Megas for his endeavors in PNG.
Thanks for the post. OHBULL. All this pushing for
justice will eventually be part of the overwhelming
evidence in our favor, imho.
Just a standard retainer, imho. Every lawyer
likes retainer funds before undertaking anything.
Alan, I am sure what Megas has meant by "make tme
your friend" that it is one of his mottos, and that he is not one to be put aside without planning his
revenge, long term. That he is active in PNG,
amazes me, at his age. And gives me confidence that he is actively planning a future for Energy Source,
and BCIT.
This is why I continue to follow developments on BCIT,
and why I have donated 15% of what my orignal investment was in BCIT, to the legal fund. If
there is a good result from the fund, I will consider
donating more, as well. GO BCIT. GO ENERGY SOURCE.
GO MEGAS. GO LONGS. DOWN WITH THE SHORTS
IMHO it is not "blind faith" in Megas. Megas
is alive and well and working in PNG to bring real
value to BCIT/aka Energy Source. Making fortunes
is not an overnight excercise. Megas communicates
now and then, in very terse and encouraging terms.
What's all this "blind" faith about, then?
Ditch, gets it.. This large hedge fund requesting
a trade to be busted, 5 years after the fact,
shows that BCIT is still a danger to them. AlanC
is correct that the timing is no coincidence, considering the new transparency about to be brought to hedge fund shenanagins.
GO BCIT.