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kruy:
This is great news! This should make pumpers more cautious now. But IMO the fee is not high enough. This for some is just a cost of doing business and will be written off. But, I think it is a good start for Ihub and is getting Ihub close to a more professional investment medium. As Matt stated, some tuning may be required over time. But Time and the Creator of it are my friends.
Thanks Matt, and best of success in trying to squelch the leaches and they know who they are.
Will we see those who are paid go away, but yet return under a new alias?
Time and the Creator of it are my friends
bobbybdb:
Specifically during the July 2005 period and August 1, 2005 PR by Megas. Actually I stand corrected, as I referred to the August frenzy. Should have been stated as July/August frenzy.
This supports why it was important that Megas notify the authorities sooner than later. This does not relflect an orderly market for BCIT. Yes, FTD's do occur, but look at the volume of FTDs, especially on July 22, 2005 - 16 million plus FTDs.
Mastaflash:
I am sorry to disagree with you regarding "anything but an empty shell". There was a PR for the merger of Carter Care into BCIT that was real. But Megas stopped it as he had a right to because of the identity theft. Yes, I should have done more due diligence, and as Megas says that is now hindsight in supporting his reason for delaying his decision to report the crime(in email to Art2Gecko). I agree with you about any stock is speculative, some more than others, but specifically those in penny/sub-pennyland.
Mastaflash:
I have posted this many times, May 2005. If you don't believe me, trace my posts. Purpose of investment in BCIT was I know people in nursing home business doing very well, but they are privately held family businesses. Baby boomers needing medical health care, my father-in-law needed nursing home assistance, myself getting older, etc.
So I saw BCIT as an opportunity at a low entry point and decided to use as retirement vehicle. I'll admit I didn't do enough due diligence though as I used to hold a securities license back then, but was not a broker. I am thankful for BCIT because it sharpened my skills. I understand what an orderly market means, and the process of BCIT did not support an orderly market. First line of failure, DTC, not doing due diligence on Pam and securities. Second line of failure, Tom Megas, IMO, not reporting crime immediately upon discovery(May 2005) of identity theft and issuing cease and desist order not only to Pino but to Pam. Therefore resulting in disenchanted August 2005 investors.
The only point I am trying to make is that both parties were negligent of performing responsibly to maintain an orderly market. Yes Megas has jumped thru many hoops to get to this point(over 3 years later), but IMO because he did not perform responsibly to maintain an orderly market for BCIT.
It is hard for me to feel sorry for a man that is 60 plus years old worth $60 million plus in property and says that he was too busy(in an email to Art2Gecko) because he had other priorities to make a living.
uncommoncents:
It states she "acted" as TA thru August 2005, not that she was legal. This is obviously a DTC problem as I have stated before. A simple cease and desist order to Pam would have sufficed with notification to the DTC/SEC and whoever the federal regulators would be. According to Megas, he talked to Pino three times. He should have also talked to Pam then. My understanding is that only Pino received cease and desist orders.
Time and the Creator of it are my friends
Mastaflash:
All I am doing is provide a balanced perspective, unlike those that hold the DTC/SEC soley responsible and choose to think dates are not important. Because of the CEO seeing us as 'fake' shareholders and being silent, at this time there is no future or vision at this time for BCIT/Energy Source, only hope. And hope is not an investment strategy.
So what inside information do you have for a public company that enables you to boast this?
Jupiter Josh:
Yes, Megas reported he notified authorities. I just find it interesting that he ommitted when he notified the authorities. I am thankful he did, but have innocent people suffered because he waited too long to notify the proper authorities?
MastaFlash:
The system is taking care of itself finally. None of this negates the responsiblity of a CEO to perform appropriately in a timeful manner. There are consequences to delaying making decisions. BCIT is in its non-trading state because of the inorderly chaos caused by DTC failure to do due diligence and then the situation became exasperated by Megas not performing due diligence when he discovered the crime.
You can read into my statements and falsely accuse me of wanting to let the real criminals go. I have never said that.
And I have never said Megas is to shoulder all the responsibility(Note I did not say blame).
Both the DTC and BCIT are to work together cooperatively to maintain an orderly market to maintain the trust of the investors. Both violated that cooperative agreement.
Both are responsible and this is why BCIT is in its current trading state. True Megas has jumped thru hoops, and I applaud him for that.
Unfortunately, Megas has paid a dear price for all of this. But the investors have too.
Time and the Creator of it are my friends
Jupiter Josh:
Come on. Get real. This is a PR. Not a legal complaint filed with the SEC, FBI, DTC, etc
2late:
I have been around long enough to know that sometimes people have connections that can get things done in high places such as thru the DTC contacts. I do not know what happened with the person at the DTC that allowed this to happen. I do not know how well Pam knew the person. But no matter what, we both agree that the DTC dropped the ball.
We both agree that Megas notified the authorities. We both are upset with what happened by Pino and Pam thru May 2005 and August 2005. Where we differ is based upon the information I have from even what you provided, the buying frenzy in August could have been prevented. Is this because the authorities took their good old time taking action to complaint filed by Megas when - before July 11th 2005 or after July 11th 2005? That is the question?
Did authorities have ample time to prevent the buying frenzy and illegal shares from entering the market? A stop on BCIT trading should have occurred when Megas discovered the problem!
I know that can't be changed now. But I'll gladly go away if you are willing to pay me the projected $500 per share by MastaFlash! Just kidding, but that kind of statement is an opinion also. No one really knows, that is why I am glad I know the One that does know.
I still respect your right to your opinion. I have not falsely accused you of anything as you have falsely accused me. My point is simply surrounded around being responsible and choose to not let others claim that only the DTC is responsible.
Again not blaming anyone, but holding all that are responsible, responsible.
Time and the Creator of it are my friends
2late:
Again you are confusing quilty with responsibility.
So, are you saying you purchased in April or May?
Time and the Creator of it are my friends
hurley cruppers:
This document, February 2008, supports what I have been saying about responsibility of CEO in May 2005. Megas, from the date he became knowledgeable of BCIT takeover - early May 2005, did not notify the authorities(SEC/DTC/FBI whoever) until at least July 11th 2005. In fact, also supported by the published PR August 1, 2005 by 2 posters response. PR is not a legal document.
Please show me a verifiable legal document that supports notification date of authorities in the May/June 2005 and I will post no more to this board.
I have always stated that DTC did not do their job in validating shares provided by Pam and also validating her as TA. But this does not absolve CEO of responsibility of reporting a crime when it occurred.
This is why dates are important. I have not received BCIT investment dates from 2 posters responding, and do not expect it either. Dates are not important according to them. But IMO based upon observation, dates are important because of different buying motives in May 2005 versus August 2005 after PR from Megas.
And if proper action would have been applied in May 2005, the August investors would not be an issue today, IMO.
Time and the Creator of it are my friends
2late/glaszman:
The only thing I read is an August 1, PR that supports my point of Megas notifying the federal and state authorities. There is no date mentioned when this notification occurred.
Keep crowing. The truth will be exposed, someday.
Again, I am not the one confusing responsibility with guilty. This is really the only point I am trying to make. Because if Megas would have been responsible when he first discovered the crime and contacted the SEC in May 2005, the August 'fake' shareholders wouldn't even be involved at this time, would they? IMO, no! This is the only point I am trying to make, and your desire is to disagree with this point with all your might!
Sorry, but when did you first invest? May or July/August? Mine was May of 2005. I have not hidden this. Will you hide or report your first investment in BCIT? This will explain a lot of your motivation for being here.
Time and the Creator of it are my friends
glaszman:
I am referring to the dates of the selective cut and paste information provided by 2late to make his point. Of course he states that dates do not matter. When referencing information such as he did, dates certainly do matter. Thanks for coming to 2lates aid, butI do not find the content of what he provided in his post to be in the information you provided.
glaszman:
Then why did DTC accept the certs if Pammy was not the TA?
2late:
By not providing dates to support what you publish makes all your claims and false accusations null and void.
Dates do make a difference, especially in legal and investigative procedurs.
You may deny all you want that Megas was responaible at the moment he discovered the identity theft, but as CEO of BCIT, he is responsible. This is much different than saying he is guilty. Look the definitions up in the dictionary. I think you will find it enlightening.
Time and the Creator of it are my friends
2late:
Please provide a date this was issued. Thank you.
2late:
Please show documentation that FBI knew of activity by Pino in May/June 2005 Thank you. This is missing from timelime.
Time and the Creator of it are my friends
camper9:
to be clearer the statement of fact in the email is that Megas had interaction with Pino in May 2005. But according to supportive documentation, Megas did not report until July 2005. If you have access to the emails, follow the trail. From the court documents and emails from Megas I put together a timeline that accounts for activity by whom including the DTC/SEC.
2late:
Wow another person reading in between the lines to prove their point. That is what is idiotic. You obviously discount the fact that I stated Megas and Carter were both duped by Pino.
But negligence to report a crime when it occurs is no excuse for anyone. The time lag of 2 months, according to Megas's own admisssion in the email and from recorded documents(ie. Megas found out in May 2005 and reported to SEC in July 2005) for reporting the crime is what has BCIT/Energy Source not trading!
Too much chaos was allowed to happen after the identity theft occurred because it was reported immediately.
This is not saying Megas is guilty! But his duty as CEO is to act responsibly is what is questioned. What is so hard to understand this point, rather than trying to 'falsely' accuse people of saying Megas is guilty.
You obviously have never been a CEO of a company. I have and the responsibility is enormous.
IcePrincess1:
I agree. At one time they had him, but let him go. Jails are just too crowded to deal with white collar crime. And the criminals know it. But let someone like Martha Stewart do an illegal activity, watch out!
People that stayed long on that company or had the right entering and leaving strategy made some money. Maybe that is what will happen with BCIT/Energy Source as MastaFlash is reporting
Camper9:
You are an assistant moderator. As with Egor, go trace my posts and find the email and read it for yourself if you are so interested in what it says.
Egor:
Call it what you may. The fact that you choose to disavow knowledge that the email I used as my source for an opinion was posted by Art2Gecko on this board is of no consequence to me. You may discount what has factually been posted many times as my source if you choose.
go back thru my email chain if you are interested in obtaining the source.
Mastaflash:
Agree!
camper9:
It is clear in my post that it is my opinion based upon the email from Megas to Art2Gecko. But of course others have determined content of that email to be hypothetical.
The only proof I have is that BCIT is still not trading. If BCIT had a buy-in, IMO BCIT would be trading and no name change and no reverse split, possibly.
Time and the Creator of it are my friends
Egor:
The email from Megas to Art2Gecko has been posted many times on this board that contains this information.
mastaflash:
IMO, the buy in was not allowed by SEC due to the two month delay by Megas of reporting the criminal act. This delay resulted in additional trading activity to occur with unvalidated shares in the market. Yes. DTCs lack of doing their job caused this to happen, but if they would have been notified in May 2005 when Megas first became aware of BCIT identity theft, the August 2005 frenzy would not have occurred. Only the shareholders(including me) that purchased in May 2005 would be disenfanchised at this time, not 1500+. IMO opinion the number would be far less and a buy-in would have been allowed because an orderly market would be maintainable.
This is statement of fact based upon timeline of activity. Why is it shareholders choose to ignore this fact, but want the benefits of an orderly market? It is hard, not impossible, to create order out of chaos.
2late:
The claims of no charges file demonstrates a lack of understanding criminal issues involving the FBI. I have, and was a witness for the FBI in a federal criminal case. The FBI had taped conversations and pictures to prove the guilt. But, the court system is designed for the benefit of the defendant. During the trials, yes I said trials(first hung jury, second not guilty by jury of peers), the defendants attorney was aloud to raise any questions without challenge.
The bottom line, the judge allowed the questions to go unchallenged, which allowed the jury to determine not guilty because enough doubt was raised due to the unchallenged questions. Not guilty or charges dropped without prejudice, in the case of BCIT, is not the same as innocent.
It just means there is not enough evidence to convict or find innocent, or too time consuming and costly to pursue.
gumzsa:
Choicetrade is playing games with their share holders. They do not need you to verify this. I would file a complaint with the SEC. http://www.sec.gov/complaint.shtml
I do not have a scanner so this is cut from my Etrade account when they exchanged my shares. Note that my share information and my swiss bank account has been modified.
From Etrade For Account: xx
TransactionDate TransactionType SecurityType Symbol Quantity Amount Price Commission Description
8/27/2008 Reorganization EQ 45248N106 0 0 0 0 IMAGITREND INC SURRENDERED - NAME CHANGE
8/27/2008 Reorganization EQ CSTC 0 0 0 0 CASTLE TECHNOLOGIES INC RESULT OF NAME CHANGE
Huntewwr7:
Yes, true, if action would have been taken in May 2005. I understand hindsight, that is why the reference to Back to the Future.
We now look forward to the future with Energy Source with fond and loving memories of the past.
fructose:
So Megas writes hypothetical emails, eh? I guess it was hypothetical that Megas spoke to Pino three times also and that hypothetically they discussed a deal to merge a gold mine.
I guess the following statement was all hypothetical also:
"All of the characters whom you mention and that I have had some if only staccato contact with crawled out of the woodwork as a consequence of Mr Sytner`s digging when I started to shout and scream and the end of may/june. and
have had no knowledge of their prior existence."
So when did you become an interpretor for Megas? Do you also have inside information like Masta Flash is boasting he has?
I didn't make these emails up. Maybe the head moderator needs to validate his own emails before they are posted on a board such as this.
Time and the Creator of it are my friends
Masta:
I have already stated my investment strategy which was in early May '05. It was in the beginning with a company that had a strategy for healthcare of elderly people. The baby boomers are getting older and in need of healthcare. This looked like a great play. I read about Carter Care and the plans. Looked good. I see Richard Carter and Megas the same. They were both mislead by Pino/Pammy duo.
Because it appears SEC took no action against Carter, he was not knowledgeable of Pino/Pammy plan. As with Megas, SEC has taken no action against Megas - but became knowledgeable of Pino/Pammy plan in May '05.
What changed my perception is when I read the emails from Megas to Art2Gecko about the interactions that occurred. I did not have this knowledge in August '05. And I did not expect my investment to be reversed split 200-1. Yes, this is not in $ value, but who controls the value? The MMs. I have watched them take price values down on stocks without selling a single share. Again, something I cannot control. As I understand it, BCIT/Energy Source will have only 1 MM for 30 days when it starts trading. This IMO is a good thing.
The jury is still out on when this will trade, not if it will trade. IMO, we are closer, but because of the back door dealings in the past, there is still some uncertainty and trust in leadership.
But, Time and the Creator of it are my friends
latestart:
It is not just the SEC solving the short selling issue. It is also the DTC having the resources to validate shares before they are allowed to enter the market. IMO, this is what Megas is and has the right to be upset about, because of what Pino/Pammy were allowed to do unchecked with his property, the BCIT shell. However, once Megas found out and how he responded that has brought BCIT to its current state. I understand there is nothing I can do about it, but I will not be quiet any longer and let other people manipulate the truth to meet their personal agenda. If Megas is on the right track, and other people do not have an inside track or an advantage over others, like Martha Stewart had, then okay.
You see, I know nothing about value rolled into the shell. But yet people are stating "trust me". This is the point I am making, from everything that has happened to date with BCIT, I trust noone on this board or has anything to do with BCIT, at this time. BCIT will become successful when everyone does what they say they will do; such as short sellers must possess the shares first, DTC to validate share traded are valid, leadership communicating with investors his plan. Thus, hope should not be and is not an investment strategy.
Time and the Creator of it are my friends.
camper9:
Incorrect! Pino agreed to pay Megas and when Megas discovered it was not going to happen, he then reported to SEC. Why else did Megas note that there was nothing in writing, ie. a contract. It was verbal, but written in email as clarity just provided.
I agree with you there is no need to defame or call people names. This is a matter of clarification, only.
I understand your desire to wanting to be informed.
Time and the Creator of it are my friends
Time and the Creator of it are my friends
latestart:
So expecting to make money the right way with right leadership is not honorable. How can one trust a man who reportedly, with friend Sytner, used profanity to make their point against the one's in charge? Out of the mouth the heart speak is the principal I stand on. If people are profane in mouth, then one should check their own heart. What is your principal, anything goes for the love of money? If a man has not accepted responsibility for the past, why would I think anything has changed now, especially with a reverse split coming. As I stated in previous post, most who have experienced reverse split have seen no good come of their investment of hard earned money.
It has been three years plus. All I have been expecting is the man in charge to stand up and accept responsibility for his lack of leadership from the beginning and make this right with the shareholders, although "fake" to him.
True DTC shoulders a lot of the blame as they were not policing the store. But once Megas found out what was happening to his BCIT shell, it still took another 2 months to report to SEC because Pino did not keep his word to Megas. A Back to the Future moment?
I am not bashing, but stating the truth from fact of information received from parties copied emails from Megas to what others state are untruths. Of course this requires a level of faith that the emails posted were not manipulated.
I have definitiely been disappointed in this investment. But wisdom has taught me that disappointment does not come from what you find in life, but from what you expect to find. The message here is if you are disappointed, then change your expectations. My expectations are four years, at that time I plan to count this as a loss and will lop it off.
Time and the Creator of it are my friends.
camper9:
Am I on the wrong board? I am not trying to be smart, but we are on the BCIT board, correct? What shell would I be referring to? Of course it has supposedly gone thru a name change to Energy Source, but has not been reflected in my ETrade account.
To confirm information, all you have to do is ask the chief moderator Art2Gecko as backup as the information came from him thru an earlier post.
From a previous posted email, it was $2 million payment for the shell. Normally shells can be purchased from $150,000 to $500,000 pending current state, condition, and possibly name recognition.
Check with ArtGecko
Time and the Creator of it are my friends
2late:
I do not consider the fact, admitted by Megas, that he tried to make a deal with Pino before engaging the SEC two months later as bashing. IMO, this is precisely why BCIT/Energy Source is in its current state three years later. This is a point most on this board appear to have chosen to ignore. Time has and will continue to expose the truth.
You receive no kudos or atta boys from me on your posts until you concede this fact.
Time and the Creator of it are my friends.
Time and the Creator of it are my friends
bnjmn:
This is what Etrade told me a few weeks ago. They referred to it as 'ghosting' shares. And 'ghosting' was not their policy. Since Etrade has now exchanged IMTD shares for CSTC shares, either Etrade has changed their policy according to Choicetrade supervisor's belief, or in fact DTC has released CSTC shares to brokers and this Choicetrade supervisor's belief is not reality. Just because someone believes something to be true, does not mean that it is.
Refer to post 9602
Time the Creator of it are my friends
Time and the Creator of it are my friends