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kruy:
so the DTCC did not have the responsibility for verifying Pammy as the TA? What is the process for someone to become a TA then? Can anyone just become a TA? DTCC does not have the responsibility for verifying the certificates? who has responsibility for verifying certificates? If noone has this responsibility, then why issue the certificates in the first place?
kruy:
You seem to have forgotten that DTCC's lack of due diligence came way before Etrade was able to perform the trade with a global lock. This is what I am referring to when I say the 300 million people should be angry at those who were suppose to protect the investors. The DTCC failed miserably. You cannot deny that fact. Yes it is deplorable what happened after the fact, but you keep trying to ignore what started the whole mess to begin with.
Hint: It was the DTCC.
lluvbbs:
This has already been done and will inform you once I get a response.
kruy:
The point is 300 million people should be upset at the way those that are supposed to protect the financial markets didn't. This is what needs to be exposed and those involved should be criminally prosecuted and placed in a cell next to Madoff. And then to make the shareholders whole for the 4 years trading was not allowed by brokers and DTCC. The fact is ETrade executed a trade with the global lock on that reduced the price from fifteen cents to five cents. I still have not received a response from them when I asked them how they were able to do that, but not allow me to trade.
glaszman:
I believe they will be getting a message today from the American people on their front steps at the rally. Not necessarily about BCIT, but definitely a lack of understanding by the those in office that want to call names and make fun of the American people. These are the same ones that thought nothing of calling the past administration liars and corrupt including President Bush. Nothing has changed in DC with this new administration and those still in office.
IRBL in the right market:
Based on data from 2008,
Global homeland security spending expected to triple to US $59 billion by 2015. The global homeland security business is flourishing and governments and businesses worldwide are expected this year to spend over $59 billion(US) to thwart terrorists and secure their home countries, denoting a six-fold increase from 2000 figures, according to industry estimates.
For those that do not know German and are wanting to know what has been talked about in the last few emails
go to babelfish.com and translate german to English
glaszman:
Please do not twist words ie. unwillingness. I am stating something has happened as you described with BCIT, but the bottom line no matter what the DTCC calls it, is not in the best interest of investors and the market in general. At least, if the market is unwilling to do the buy-in and abide by the laws on the books, the brokers should be made to return the investors money with penalties added for the inability of the DTCC and SEC to properly handle this circumstance without having to go thru arbitration even though the SOL has expired.
It is the right thing to do. For the DTCC and the brokers to claim money for something they did not and cannot deliver is theirs IMO is a crime in and of itself and at least poor business ethics.
What ever happened to the saying "the customer is right"?
glaszman:
Shortselling of a penny stock is what I am trying to understand here. I understand the naked short selling, but the rules I have read state that a stock cannot be sold short below a certain price point. At the time this all began, the highest price of BCIT was 8 cents, certainly falling below the guidelines of not being able to be sold short. But the fact is somehow 2 billion shares were sold of which less than 5 million were authorized. The DTCC electronic system did not flag this? This seems to be an easy correction in their electronic system, if they wanted to.
IMO, something other than short selling happened here that has not been explained and that is what the DTCC is trying to keep hidden from everyone. Some state they are creating liquidity. Only the DTCC and the brokers know what happened, and I do not believe it was naked short selling. But I do not know what else it could be at this time. Eventually the truth will be made known.
noquit:
You do not get the point. The point is there would not have been any counterfeiters if the DTCC would have done their job - verify the TA(Pammy) and validate the certificates she gave them to electronically track the inventory.
somehow the DTCC electronic system was not programmed to properly account for the excess above the BCIT 4 million authorized shares to determine there was a problem. To the tune of 2 billion off. They must have been using an abacas.
Joda:
In order to follow you must know what you are following. This requires communication to determine if it is what you want to follow. Your definition appears to imply we become robots without a brain and just follow orders. The current government loves that kind of thinking. I am still thinking about the pros and cons of doing what some on this board are proposing about the divi.
This was not communicated by Megas to all on this board. Only thru an email to someone that posted it. A real leader would communicate this to all involved and consider us a team, but I have not read anything from him that says we are no longer "fake" shareholders and a part of the team, ie. a welcomed shareholder.
Joda:
To lead implies communication. That hasn't happened here.
noquit:
So you are saying they cannot verify and validate certificates and those that have been approved(ie.TA. In other words DTCC does not have to do their fiduciary responsibility. Wow
ditch:
that's okay. I have been called other names even by others on this board. The issue here is that noquit is not looking at what got BCIT in this mess to begin with, and it is the DTCC. But you know I have even called Megas out also. That is why I know I have been called other names. But the bottom line is that this noquit person provides commentary without looking at the big picture and then makes accusations without specifying why. Noquit fails(knowingly or unknowingly) to realize that there are investors that have been robbed of the use of their money for 4 years by the system, including DTCC, brokers, and I will even say Megas because of his failure to communicate to "all" of the shareholders(some will not like this), and the responsible people/entities will not perform according to what the laws dictate.
Noquit:
Your statement is full of assumptions, no facts. Your statement is on an event after the fact of the wrong done by DTCC. And we all know what assume leads to. Therefore I am rejecting your assumptions because it tells me that you have not been raised to respect the law by making false accusation. Unless you know something more than you are telling, which leads to partial truth and everyone knows what happened to Enron investors with partial truth.
You continue to fail to focus on what started the problem. Charles Manson even blamed society for what he did. So let's just blame society and take no responsibility on what the individuals or entities are charged to do.
DTCC must take some responsibility for their negligence of non-oversight of their fiduciary responsibility. They haven't to date.
Until you speak in full disclosure and truth, your commentary here is suspect at best. As IMO, partial truth is a whole lie.
Noquit:
Yes we live in America and the facts have been laid out that Pammy submitted forged certificates that should have been caught by the DTCC. They accepted her as the TA. The facts have proven she wasn't. I do not know if the person that accepted the forged certificates had a relationship with Pammy and because of that trusted her.
This is something that to my knowledge has not been disclosed. Who at the DTCC received the forged certificates? Did they know her?
That is why we have the judicial system. Let the court systems decide and as far as I know, you are not the judge prosecutor and jury. A person is innocent until proven guilty. Something that you have obviously ignored by referring to Megas as one of the criminals. Yes I do not like how Megas went about handling the situation, but since I have never been in his shoes on this type of activity, I can honestly say I would be confused on what to do initially. But I can rely on how I have been raised and that is to be truthful on all things. Something I do not believe has happened by all parties involved in this case. The truth is what will set BCIT/Energy Source free to trade.
Your input has been interesting to say the least, but if you have no skin in the game then what is the point in your posting here?
Ditch:
Correct. Ignorance of the law is no excuse. That is what I have been taught in this great land of America. Noquit must not have been raised in America is my only conclusion.
noquit:
Correct DTCC has the fiduciary responsibility to validate the certificates and anyone trying to pawn off invalid certificates. They didn't.
Noquit:
Who taught you about life? I personally know someone who was the driver of a vehicle that spent a year in jail. The people in the car with him asked him to stop the car so they could go see someone at a party. Little did he know they robbed someone and almost killed the person. He knew nothing until the police tracked him down from a witness that reported seeing his car in the vicinity.
You are the one that is clueless about the law. Is that all you got is attack people that you do not know and call them names. Man you need help.
Blame the criminals. The fact is there wouldn't have been a crime if the DTCC would have been doing their job in the first place. Thus there would be no criminals.
That is why I include the DTCC in this mess with the criminals. The crime would not have happened if they did their job of verifying Pammy and cehcking the forged certificates.
Noquit:
DTCC "was" part of a felony when they did not perform their due diligence on Pammy and the phony certificates. They "are" part of the problem.
What is it that you do not understand noquit. Yes Megas did not have a clue reportedly til May 2005. When shares began trading. The issue with Megas was not reporting to proper authorities upon discovery of identity theft. But DTCC owns part of the problem and that is a fact.
It doesn't matter if they did not knowingly participate. DTCC is guilty of not doing their job.
If you are the driver to a vehicle of a bank robbery and do not know it, you are still guilty of aiding and abetting.
DTCC is "guilty". DTCC now needs to step up and be a part of the solution.
2late:
Maybe that is true that even if TM would have reported promptly to the SEC in early May 2005, the conditions of the market would have still resulted in the phantom shares getting into the market. However, IMO, because of Megas' failure to report promptly, this gave DTCC more leverage to request more from TM than what he was willing to do, because DTCC would not provide buy/sell info that they have access to. All trades are electronically recorded and flagged with buy/sell and broker info. To get this info, again that was easily obtainable by the DTCC(uncooperative) at the time, Megas then sued the 'fake' shareholders.
I have always stated the DTCC made the initial mistake but the notification delay contributed to the delay accompanied by the slowness of SEC to halt trading on BCIT has resulted in the mess we still have today. BCIT should be a walk in the park compared to how long it is going to take to fix the mess caused by Madoff.
2late:
You are right about TM hitting a stone wall because the timeline between discovery crime and reporting to the SEC is what has contributed to the additional bogus shares entering into the market. I have stated all along the DTCC made an error on not doing ther job on Pammy. But when TM found out he tried to handle it his way until he discovered Pino was not a man of his word. Then TM reported to the DTCC.
I am still waiting on response from ETrade as to why they were able to issue a trade that reduced the stock price from fifteen cents to five cents when they sent me a message I was not allowed to trade due to global lock.
All parties involved have given their versions of the truth, but I contend it has been partial truth and the whole truth is yet to be told.
Remember, "he had to hurt us to help us"
Joda:
Another analogy - A person sees a bank being robbed, but the person instead tries to make a deal with the robber for some of the money taken if the person doesn't turn them in. The robber agrees to pay, but never fulfills the commitment. The person realizes they were lied to, and then decides to report the crime weeks after the crime. During that time, the robber is able to commit more robberies.
f1fans:
I stand on the side of truth. There were mistakes made by all involved, depending on how you choose to interpret the timeline.
IMO, the whole truth and nothing but the truth has been told by all parties involved.
hurley cruppers:
I thought people on this board did not like time lines. Interesting facts tell the story about the interaction with DTCC, SEC, State of Nevada, etc by parties involved with BCIT.
Durango:
Another term for MM is Milking Money.
Specify on sell order "All Or Nothing". This will prevent partial orders from happening, otherwise you will charged the whole broker fee for partial order if whole order is not filled within 24 hour period.
Easy way for MM to make a few dollars to spend on donuts and coffee. Of course ~ twenty cents doesn't even buy cream and sugar for coffee today unless they have a spare change pool they contribute to.
IMO, IVOT will turn green-plus by end of year and MM will want those 128 shares back. $128 will look good to you then and make it all worth it.
Patience on the sell trigger. Good things are worth waiting for.
Durango:
Another term for MM is Milking Money.
Specify on sell order "All Or Nothing". This will prevent partial orders from happening, otherwise you will charged the whole broker fee for partial order within 24 hour period.
Easy way for MM to make a few dollars to spend on donuts and coffee. Of course ~ twenty cents doesn't even buy cream and sugar for coffee today unless they have a spare change pool they contribute to.
IMO, IVOT will turn green-plus by end of year and MM will want those 128 shares back. $128 will look good to you then and make it all worth it.
Patience on the sell trigger. Good things are worth waiting for.
lawdogy2k:
Remember, the government has to protect their monopoly of the state run lotteries for the betterment of education. IMO, these lotteries are some of the biggest scams controlled by government.
Joda:
IMO, future performance is determined by how one performed in the past.
Based upon the past performance of Tiger Woods, will he win this week? Odds makers are betting he will.
It has now been 4 years and TM has only addressed a few in private on this board. Still no recognition and respect for those who participated in a free market system. But, I do understand a good poker player does not want to reveal his/her hand and in this case I agree with TM that time can be a friend. But the silence is deafening.
op9171787:
This is good news, but while they are agreeing to pay the SEC fines, there is nothing about how to make the investors who were targeted whole. Or am I missing something?
500:
Read the posts during the time period of the law suit..
latestart:
proof that people turned in shares when TM sued? Go back and read the posts if you want proof.
Janice Shell:
Time has become a friend of TM. How quick one forgets the reported free shares he was given by those that chose not to fight the law suit.
oliverfish:
650 Town Center Drive
Street 860
Costa Mesa CA 92626
http://www.americanenvironmental.com/
Phone: 714-608-8626 Fax: 714-2429424
Industry : Electric Utilities Employees : 26 Exchange : Other OTC Issues
American Environmental Energy, Inc., formerly The Conscious Co., is a diversified renewable energy solutions provider. The Company integrates technologies for bio-mass and waste conversion to produce distributable energy. The Company has operations in the areas of wind, bio-fuel blending, and carbon offset development and trading. The Company, in partnership with Brewer Energy, holds an asset in the Tehachapi area of the California desert for wind and solar development. The Company has a wind farm in Israel, with 11.8 megawatt units.
First, go to web site and then contact phone and request information.
Moneymade:
So two wrongs make a right, eh? I would have turned Pino and Pammy in as soon as I found out about the problem. That would have increased my confidence in Megas to run a company, but right now, I have slim to no confidence in Megas. And slim has pretty much left town.
Efforts are noble by group putting up a fight, but no word from Megas except we are fake shareholders and sued us, has contributed to this situation.
princeslew3:
IMO, there will be sales. However the healthcare bill has and will contribute to slow growth until businesses have time to digest the financial impact to costs of doing business. And remember another contributing factor to the economics is due to the banks being tight with money - not much stimulus from them while they are reportedly paying bonuses out to top personnel. What type of financing is available for companies that want to purchase: capital expenditure or lease? Should government provide tax breaks for preventive care investments? It's funny the car companies can now provide matching rebates, $3500-$4500, to people for their clunkers using stimulus money, but what about the other industries like healthcare that need short-term capital?
Healthcare will get attention but not until somebody understands the bill, including our beloved senators and legislature, if they choose to read it before they sign it into law.
BigMoneyAtl:
I guess it is time for a summit where we can agree to disagree. This is evidence to those investigating what happened that the brokerage companies acted after the global lock was in place, as I placed orders on that day and was informed that there was a lock on BCIT, thus the trades were cancelled. That is why I asked ETrade why they were allowed to trade but the investor wasn't. Again no answer from Etrade regarding my question.
princeslew3:
I do not have all the facts to provide commentary on management as I do understand that those that have management responsibility for AMHI do have to be careful with what they state and how they state the facts about the company. Just like the president of the US weighed on on a recent situation without all the facts. What a mess. IMO, Dr. Stucki did not anticipate the non-performance of a company to build the camera and then to have to file a law suit that appeared to be a slam dunk. The Dr.'s American dream has been delayed due to this. I am one that has faith in truth and like the Dr. disappointed in the US judicial system. But it is better(not perfect) than any other country.
We are living in the greatest country that has been in the continual process of growing and maturing as a nation. ut there seem to bee a few bad apples that cut into American's dreams like Bernie Madoff. However, to participate in this opportunity of greatness, everyone needs to participate and do their part. Growth requires understanding that sometimes decrease is necessary for increase. That is why forests need to be cleared properly in order for new growth to begin and prevent disasters. In other words, the dead wood needs to be cleared for new growth to take place. This is true in government, business, and even investments.
AMHI has had a couple of false starts and needs new growth. The product has great potential in the area of preventive care and is not limited to just detecting cancerous growth. Prevention healthcare will be critical to any new healthcare services to help in managing the growth of cost. I just believe that AMHI management has been severely disappointed and is being very conservative and cautious to protect what he and most of the investors believe in will be a lifestyle changing invention.
God bless America and Dr. Stucki for sticking with it.