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2late, I agree. Megas will continue to try to avoid walking on this, despite the treadmill and the catch 22 games of the brokers. Clearly, he can't confide strategy on these boards,
hence the silence, imho.
thanks, Alynnb. I believe that Megas, always good to his word,
will, as promised, let us know when we need DO SOMETHING.
Let's hope we will get legal advice for whatever lies ahead.
Please don't give up faith in our CEO, guys. This is a tough nut for any CEO to deal with, and I am sure he is trying, as always.
May justice prevail. glta
Great ideas for action. But I am still awaiting our CEO's
notice that the time is right to sue our brokers, and that
the company will provide what we need for ammo. I suggest waiting another few weeks, and then asking Megas if NOW BE THE TIME, OR IF NOT, GOLDARNIT, WHEN DO WE MOVE ON THIS !!!???
ot: looks like a few new named bashers are out and about.could this bode well for BCIT showdown?
Yes, for weeks now, but I cancel it and it goes away.
Strange.................
ALynn, I rather think "sooner rather than later" might mean
he will be advising us vis a vis our brokers fairly soon.
Hopethat's the right interpretation....:/ sigh
Well, sooner rather than later, for SOME action sounds good.
That Megas has not thrown in the ball, and walked, and still has certain things to accomplish, all sounds good.
I keep tuned. glta
re:
"....i realized someone knew who i was behind my screen name and had to have had access to my brokerage account info to make that statement... who do these boards really assist? "
These boards are read by the opposition. Megas is right to be tight lipped, imho.
Think double, for FTD's.
I think Megas has a choice between a deal with the roadblockers, or a judge enforced deal or outcome with
some trading, some broker refusing trades.
And I believe Megas is moving toward the latter, unless the last minute deal offer might be satisfactory to us all, although the offer might well be something other than allowing us to trade..
But if a judge gets to see this case and should rule to allow trading...and the result, without halts or SEC opposition resulting in more delay...
I would be amazed.
Having invested heavily in legal counsel, I believe Megas must be
patiently communicating with the DTC to wrest a few last
bits of discovery to the situation, in print, to present to a judge as exhibits of fraud and collusion with brokers and hedge funds and the DTC private company whom they hide behind, and which protects them from discovery and accountability to the public---all, in order to naked short this equity, BCIT, to obscene proportions.
Moreover,these white collar criminals, over two years later and
to this day, have pocketed FTD money from a lot of innocent purchasers of the stock in BCIT, without allowing them to trade its true value on the open makret thereby to gain
justice back, for the millions of air shares retail small investors,like myself, bought for
many thousands of dollars from the hedge funds via their brokers.
BCIT's business , revese mergers,real estate leverage and potential gas interests have been so messed up by the DTC and SEC halting trading, it might as well represent itself as a legal cause, and a great one, at that--a true David against Goliath. Because BCIT has expended a great deal of time and effort in court, where BCIT has proven itself blameless and victimized, and its innocent stock purchasers and its original stock holders also victimized---I think we have a chance, legally. Megas brought us to this point by great effort and legal expense, by various court actions
before a judge in the honorale state of Oklahoma...where there was a few
shoot outs at the OK coral between counterfeiters and air share manufacturers versus the innocent shareholders and the company CEO, Thomas Megas. By bringing just two lawsuits we emerged with a count of criminal counterfeits and failures to deliver
far and beyond the counterfeits, with the CEO now wanting justice and an opportunity for those
quilty of FTD's, to buy into the market by fair open trading.
What's a judge not to like about this case of injustice? (Again, we may have a judge who has been bought to protect
the quilty from bankruptcy for their excessive shorts. Too
much money involved for this possibility to be unexpected.)
Such a in the pocket judge will dismiss the case as too extreme, too disruptive to the market for its potential cost to the defendant.
But, on the plus side, It is BCIT bringing charges, the loud Plaintiff on this one, big time. May justice prevail. (But, due to the money involved
in a short squeeze, I do expect a deal, which I hope would be
acceptable to us all.
Go Megas. The unpleasant treadmill of legal exchange, positioning for
some relent, some deal, or a court war. By all means take
vacations from the darn ordeal.
As we should, too, except it feels like three card monty and i have to watch my account to
see that my shares don't vanish, day by day. They are, after all, phantom shares, created with electric representation and no paper at all... dear, dear. (put in real paper money for them, too, dear , dear...)
And also I feel I need to be ready for the call to class action. that too,
alas, the speed of which will really be great for the old blood pressure : (
Forgive my venting. THE WAIT THE WAIT THE SEC INVESTIGATIONS AND LACK OF TRANSPARENCY AND A JURY OF OUR PEERS.
I have to thank all posters who keep the issue of NSS and FTD
alive by communicating all the events involving NSS and FTD
cascading, now. People vacating the SEC, running....
The last email I recall from Megas was to Shirley on Sept7, in which he said, among other things:
"....The company is not stopping anybody deciding to sue(read attachment) but has suggested wait till company exhausted all steps it wants to take. ...
ie WAIT.
Maybe he is an absent minded tread miller, with one foot on the slopes and some underling peddling the treader.
As investers, ours is a sorry lot when the trading is stalled.
We are disfunctional, left grasping for air/information,
sort of beached without water.
Sorry state of affairs. But perhaps the moment will come when, gasp, we CONFRONT THE BROKERS ARMED WITH A COURT JUDGEMENT, OUR SHARES ARE REAL, OUR SHARES ARE REAL, AND BCIT HAS A BUSINESS PLAN.
????
doubtless, to be continued.
Treadmills go nowhere. where was the eruption?
where is a time line and plan/posture for progress?
DO WE EVEN HAVE A BENCHMARK?
where is even a timely email of encouragement?
:/ sigh.
Would be enlightening to know the story from an original March Indy investor. Why we can't get one to speak up, here, I don't know. Are we not in the same non-trading boat, should we not be fighting this together?
The treadmill to justice....
excuses given daylight don't stand before an honest judge.
where do we find an honest judge to look at the DTC?
I'm not a lawyer, and with our current economy, I don't stay
at Holiday Inns, but camp with family.
Absence of news, delays in solid progress.... house of sand the MMs and naked short sellers are playing.
Next rise, take your profits, play with freebies. This is a volatile MARKET not a scientific lab. You guys need to
adjust to price, not ride it, imho.
Sure, the science is good, needed, but I don't think longs should forget it is a market game, and alot of folks are
making money on those who are too loyal. The Scottrade
blip was part of the game, imho. Greedy market makers all around, looking to create panic, force weak hands.
good luck .
Glaszman, thanks so much for the Court post. I see Woogie in the list, and I see obstruction of our cause in an effort to
get money from our company, and no effort to assist the company determine the source of the Carte defendants' shares.
I sincerely hope it works to the Carte defendants' disadvantage to try and gum up our company's need for discovery to satisfy the SEC and DTC as to the source of the
excessive amounts of Bancorp shares that have failed to deliver
.
I find it suspicious that none of them will ascertain what shares they own,or the source of their purchases of same.
Now what? If the DTC will still not clear trades, I believe they should provide their"excuse" in writing.
glta LONGS.
OT It would seem that politicans are bought, duh...
RE: JUSTICE FOR BCIT, :
There's a book about Howard Hughes, called Citizen Hughes.
It delineates how Hughes' involvement in politics showed that BOTH parties are solicited/influenced by the same
corporate lobbyist. So no matter which party wins, the lobbyist will get his will in fine print of any bill concerning him.
It was Hughes $150K that got Nixon caught over Watergate
Significantly, the DOD and corporate friends (Ike's "military-industrial complex"), operated above Presidents
and parties and was almost impossible to persuade (by Hughes or
monnied interests outside the military)
to do anything.
If anything can be done to separate money from politics and get back to one man one vote, I don't know. But without
such reform, the little guys are going to keep getting taken.
The current trend for primaries to be bunched up, again favors big money candidates, so it is a further step backward
for the US political "system".
The two party system , also tends to drown out new parties.
If there was a voting system that allowed people three votes,
one for their first choice carrying a double vote, and onefor
their second choice carrying a single vote, we could dislodge
the two party monopoly and hence prevent the easy buying of the two main political parties by monnied interests.
imho
Right, Glazman, BCIT is unique, because of the counterfeits
the criminals gamboled they could hide, but DUE TO THE LAWSUIT,
WE HAVE UNCOVERED THE NSS HIDING, THERE. PERFECT CRIME, I THINK NOT.
PERFECT CASE AGAINST NSS.,... i think SO ! GO BCIT.
kodiak149,
In reply to YOURS:
"brokers and dtc knew there were more shares sold then there actually were and used counterfits as excuse to stop clearing trades "
I like your succinctness, but would amend to saY::
brokers and dtc used counterfeits as an excuse to hide massive naked short selling, believing Bancorp would fold "go into bankrupcy",
BUT BCIT BIT BACK,AND IS NOT DEAD, NOT AT ALL, LOL LOL LOL.
Not enough transparency. Changing course with oil tied up in a flood zone (Oklahoma). At least I didn't try to average down.
Just my luck my computer went blitz, and at another sell point
I was on vacation. Nobody but myself to blame. Rees started it all when he changed the course direction from Westerly at 5mph
to East at - 40mph.
Good think he's not issuing PRs currently. He's big on plans, and long term adventures. But with pinkie volatility,
long term can mean bagholder. jmho.
Hope, for you guys' sake, I am dead wrong and will regret the bail.
They snapped up my sale at.0007 just twenty minutes ago.
I am pissed and out. If we have global recession, oil won't
go up further for another year. If dollar collapses, we
will be doing coal, not oil.
Other pinkies also down and down.
GLTA.
Let's clean the decks of nuisance planks,and get down to the
nitty gritty of how a private company is obsctructing free trade and should not be doing so for years. GO BCIT.
It seems obvious the fireworks Megas refers to, happening in late Aug or early Sept, LIKELY relate to the end of the OK cases, a clearing of the decks and dumb plank nuisance countersuits.
a fresh breath of Swiss air, and, THE NEXT ACT, PERHAPS?!
IMHO
Molson, You seem to have acquired a new patience and optimism.
I see so much overall market corruption, I feel a bit withered
of spirit. But, I do know this, Megas hasn't quit, so
we haven't. Hope for "fireworks" in Sept. That would be very
gratifying.
GO BCIT, GO MEGAS
After two years of fantasies about $1/share, it will be
hard to let go of this non=trading status, I think. It was always the possible big winner for so long now...
glta
PS I have a hard time believing the powers that be will allow us our just rewards, here. Hope I'm wrong.
OK I GOT IT WRONG, HERE'S THE CORRECTION: AUTHOR NAME IS
FITTS, (NOT Fisk). She is after market and bank corruption and really deserves a read: link is:(;and it DOES PERTAIN TO
SEC AND FED RESERVE AND DTC AND BCIT, PLEASE MODS)
http://www.solari.com/learn/articles_risk.htm
Arkait
In reply to: bobbybdb who wrote msg# 86289 Date:8/20/2007 3:37:49 PM
Post #of 86360
Heard a lady, name of Fisk,(OR Fisque?) on Coast to Coast two nights ago
with host,Ian Punnet (sp_). Spellbinding expose on our financial systgem and Fed Reserve. She has a ( book) called the The Tapeworm Economy. Go to COASTTOCOAST.COM AND LOOK HER UP.
WORTH A READ.
\Timing seems right(end of Aug early Sept mentioned in email from Megas) so this endof the lawsuit might be a CLEARING OF THE DECKS, EH PLANKS?
I'm waiting just for word,10Qs would be even better.
But I will say this, following the NSS situation has been an education, and withholding my commissions from Scottrade has
saved me a lot of money, so BCIT has opened me eyes. I like
the MMs a lot less than I used to, which was not much. And I am one WARY investor. In fact, I don't think I am an investor anymore. The NSS cure.
Heard a lady, name of Fisk,(OR Fisque?) on Coast to Coast two nights ago
with host,Ian Punnet (sp_). Spellbinding expose on our financial systgem and Fed Reserve. She has a ( book) called the The Tapeworm Economy. Go to COASTTOCOAST.COM AND LOOK HER UP.
WORTH A READ.
I'se still here, too, Lynn, just awaitin for the fireworks..
hope we are part of any happenins, and our brokers don't keepus drooling on the sidelines while stuff happens for the
March Indy folks... We'll see....
Camper:, well Megas has clearly past the point of turning back,
so would expect him to forge forward, but with less assurance when he will get resolution and BCIT will trade, time wise.
I am sure he is glad he has other matters less frustrating, in his life and business dealings, than the
"process" of BCIT.
Slow is not the word, here. "Comatose" was Megas' word,a few emails, back ... to describe BCIT on the greys.
Looking forward to fireworks, though.
Thanks for the email,ALynn, OhBull. Good to know he is
still even there. My guess of a summer vacation seems about right, in light of recent email. Since, apparently, the tussel
is still in play, and with so much $$ at stake for the nss
crowd, this is not going to be easy to bring off. But the rules are the rules, and if Megas has the NSS count (which
I truly believe he does from rumors I've heard) then what can the DTC do but acknowledge it? GLTA
Glad to hear you and Mainuh still here. Awfully quiet..
I, too, am waiting for news from Megas or the company.
All this can't just go poooff. Too many wrongs to address.
Give us a sample of your Forex plays, for entertainment, maybe? tia
I PLAY or, if I can't attend to the volatility, I paper play ihubs cash cow picks, that I whittled down to 4 picks. , Friday came out average 98%
up. (one none mover, two losers of about 17%, and one
a hundred and thirty % winner).
How's that for a Forex comparison??? lol.
-----------------------------
And, oh yes, : GO BCIT!!!!!!!!!!!!!!!!!!
Time is money. I don't see how time is on our side approaching "forever." SEC needs an overhaul. em
Thanks for firm name. Please nobody call Legacy , as they
have no recent developments and phoning them would not help keep what little line of information is open, to remain so.
Alynn, I only know what Mark said SECOND HAND, but it was
recently. I am not sure it was the NY lawyers that screwed up, but Mark says everything was ready to go/trade, except Megas' lawyers made a mistake. I believe it was the NY lawyers, but I'm not clear on this. I would like to learn the name of the NY law firm (Have the OK firm, of course) to investigate.
CAN'T ANYONE SUPPLY NAME OF THIS FIRM, PLEASE?'
tia
Art, anybody, need name of NY law firm Megas used beginning of this year, please. tia
Nwsen, Yup, can afford $35, but would prefer to act with others, as a group, when the deadline nears (mid=August).
I only have about 320K shares, no big deal, really, The money meant more to me a year ago, than now, since I have not been feeding the naked shorts, lately, out of ire and revenge, I have more loose change than when I was "playing" the market.
At least I stay away from Vegas and the local slots. But
the stock market, despite great DD, is one big casino with the
skim being taken from retailers daily. I'm not impressed with
our markets, generally, right now and BCIT is a big reason why.
At least, over the past TWO YEARS (!!!!!), I have learned a lot about how the game works against the little guy. Have concluded it is a lot smarter to open one's own business,
IPO it, and have all the leverage in the world and never never been in the dark again. Our markets don't allow enough transparency to be safe for engagement, imho.
SO HEAR THAT, SCOTTRADE, ILLUSTRIOUS SPONSOR OF RB...
That Lowman has detected a count indicating NSS, here,
seems to me to cause suspicion why Ameritrade is not allowing buys, ie, they are short. I bought in yesterday via Scottrade, no problem. But the NSS matter had better be addressed, if the indications are that it is hurting us via share price and controlling buys. jmho.
Crankiness used to be reserved for bashers, but the bashers
have gone elsewhere for the moment. Crankiness is also
caused by being in limbo with our $$ held by some party who
won't honor our rights to our shares and free trading. I am getting more than cranky, myself, just try not to turn it against those who are trying to provide legal cautions, such as Kruy, who is unfairly treated, here, by some, imho.
Please, those who consult attornies, on the SOL issue, keep those of us who have no attorney, briefed on what we should do. Without TM's advice, sooner or later we must turn to
legal advice,here, imho.