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Rookie:
I don't understand it either. I seem to recall when the name change was first announced, they changed my IMTD to CSTC. Then a few days later they changed it to the CUSIP number.
I know it doesn't make sense, but I do not know why this is so difficult. This is an everyday corporate action process they perform all the time.
breharb:
Are you saying Etrade has got caught with their shorts down?
sorry for hitting wrong keys too quickly
breharb:
xxxxx
rookie:
I question how many people actually sold their shares to get them off the books. Etrade may possibly be telling their customers their IMTD shares are worthless on purpose. If so, they stand to make some good change.
Ah, what am I saying. No brokerage house would do that, would they?
rookie:
IMO, Etrade knows what they are doing, playing the stall game. At one point they told me that IMTD was worthless and I could sell it to them for $5.00. I replied to them that I was going to file a complaint and have an investigation opened by the SEC. Another rep then told me they were working with the TA and waiting for them to send the CSTC certs. I asked if they had turned in my IMTD shares to the DTC yet for exchange. That was two weeks ago. I have received replies from them stating they are waiting on TA since then, but noone at Etrade seems to be able to respond with an answer if they have surrendered the street name shares to DTC for exchange.
Due to disatisfaction with Etrade, I have been slowly moving my portfolio elsewhere. They have given me a credit recently on the new fees they are starting to charge on balances below a certain amount.
I now add to the end of my email to them
'A dissatisfied customer paying fees for no service'.
I also have completed several of Etrade surveys with very negative satisfaction ratings.
kruy:
Thank you for reminding me of these points. I, as well as others, would like a level playing field, knowing this will not happen. It is a nice desire. But when you do not know the heart of the men in control, it makes decisions more difficult to make. A man's word is his bond. Megas has definitely made statements that he has not followed thru on except for the lawsuit of shareholders and the shareholder meeting. The reverse merger has not happened yet, therefore he has covered nothing.
Time and the Creator of it are my friends.
glaszman:
I understand prosletising. But that is what everybody does when they talk, because ones words are an expression of what you believe. For three years, I watched people beat each other up on this board without knowing or understanding the person just because they disagree. I really cannot change that type of interaction. But what I can do is provide why I am involved with BCIT and the strategy behind it, which is lacking in many posts here. I just have a different way of expressing my investment startegy(ie. opinions) and unfortunately it may make some people uncomfortable.
My investment strategy in BCIT and others are biblically based for entering and leaving an investment, that's all. This is a part of who I am, and will not divorce from that characterization. In other words, mine is just more than hoping BCIT will do well to get wealth.
Remember, BCIT first started out with Carter Care. A good noble investment. My date of investing 5/6/2005. But revelation comes(court documents) about improper activities.
google the word and you will find interesting perspectives on the word.
Main Entry: pros·e·ly·tize
Pronunciation: \prä-s(ələ-tīz\
Function: verb
Inflected Form(s): pros·e·ly·tized; pros·e·ly·tiz·ing
Date: 1679
intransitive verb
1 : to induce someone to convert to one's faith
2 : to recruit someone to join one's party, institution, or cause
Based on the definition, you have falsely accused me. I, in no way, have induced one to convert their faith or tried to recruit anyone to my way of faith. read my posts and show me where I am wrong here.
I have tried to express my investment strategy into a world system explaining why I did so. When I ask others why they invest, I am called names and threatened and to this date received no answer. I have openly expressed mine. My choice to as it is their choice not to. It is called freedom. I have done nothing more or less than anyone else who posts on this board; expressing my God given inalienable right to my point of view, just like everyone on this board is expousing their belief system. As long as we agree to disagree agreeably, fine. But when people try to start telling others how they are to think and how they are to talk, then the very essence of freedom is lost. Maybe you might want to reconsider you last statement.
Continue to discuss your issues, as the issues are relevant when it comes to the heart of the man and why one does or say what one says.
Time and the Creator of it is my friend.
glaszman:
This day July 17th 2008, should be recorded in history as Black Tuesday. Will the next orderless event in the market happen in 2015? Does Nostradamus know? I know the One that knows all things.
I am a very positive person, and try to see good in everything. Yes, even BCIT and those that manage(?) it when they have the time(their words, not mine). In order to find good in this I have to listen to others words. And allow their action of their words to determine their true heart.
Suing those that the owner believes is fake shareholders is an action on their words - Time can be your friend. What was meant by that action and time?
One's word is their bond! Megas has spoken. The SEC has spoken. It appears both have spoken with confusion and selective solutions. This IMO is called doublemindedness which brings confusion or lack of order. Megas responsibility is to manage the BCIT property. SEC's responsibility is to maintain order in the market.
No order(ie. order produces good fruit - positive cash flow) in market or BCIT has come in 3 years and, 3 years has been too long to most. However, my guideline says if fruit isn't produced in 3 years, give it one more year. At the end of 4 years reevaluate and if it still hasn't produced fruit, lop it off.
Time and the One that created it is my friend.
glaszman:
The market needs a level playing field, period! End of story.
The following statement is what disturbs me.
" A "run on the bank" can take hold quickly, and can be fatal." What about run on the stocks, all stocks, big or small?
Why can't the SEC chairman apply the same solution, ie. require to borrow shares for select banks, across the stock market to return confidence to the stockmarket. IMO this type of run happened to stock's in October 1987 also. It took time for the markets to work thru the system then interestingly about 20 years ago in October called Black Monday. This run cycle seems to repeat itself every 7 years; 1994, 2001, 2008. Hmmm. Next cycle, 2015?
Who is to blame? Where are the cop's now when you need them? We have computer systems today that can quickly trace where the culprits are. Let's use the technology we have to be the cops. Of course, the system is only as good as the people that design them.
Allow me to reminesce as I recall a great movie "Office Space", as the plot was to design a method to manage sub-pennies caused by the rounding routine. Most people thought the end was good because one of the good guys ended up with the money. But, were crimes committed for the end-result? Yes. The movie ended there, so the rest of the story to be told is left to one's imagination.
glaszman:
I would like to see the overstock.com president invited to the debate! Even Megas for that matter. Does one think CNBC would want a fair and balanced debate?
And the SEC thinking they are fair by allowing people to provide commentary on the issue? And to maintain order in the markets by providing selective protection solution is not "justice for all." IMO.
The temporary solution is just that. Nothing different than when the government bailed out Chrysler back in the '80s. The automotive industry is finding itself today repeating the same mistakes. The real government, 'ie. the people', are getting tired of the industry leaders leading this country to failure and the very people we are paying salaries to are allowing it. But it is all temporary anyway and don't place your trust in man.
Time and the Creator of time is my friend.
Sorry for the stutter. Mouse and Keyboard issues.
BCIT should have been trading by now. Should be Energy Sources by now.
nwsun: Where are the cops?
Good post!
"It is the job of market cops to provide a measure of confidence that financial information about public companies is accurate and reliable — and when it is not, to punish those responsible."
Pam and Mario were, but what about the DTC that allowed/enabled Pam to do her part? Why weren't they doing there part of being the "cop"?
Inquiring minds are wanting to know, but this is not being answered by "the cops".
BCIT should ha
trade:
I appreciate your candor. The idea of a forum is to be able to express one's point of view without fear of being smashed, criticized, or threatened. Please feel free to express your thoughts.
Thought of the day: people should agree to disagree agreeably.
nwsun:
correct! but their morality can be determined by what they do.
A dollar bill is amoral. It's morality is determined by how it is spent/used by the person who uses/abuses it!
JANICE:
the point is doublemindedness(doubletalk) causes confusion. you cannot have order in a market if you speak with confusion. A true politician would not grant relief to a select few(ie. 18 banks). A true politican would try to appease the masses(IMO). Therefore, IMO Mr. Cox is not a politician.
Dspetry:
Absolutely! Mr. Cox is speaking doublemindedness at its best! And this is why a doubleminded man is wayward in 'all' his ways.
You cannot clean up a mess with confusion. It only makes things worse.
NSS and REG Sho definition
http://en.wikipedia.org/wiki/Naked_short_selling
Dicer:
Nice definition.
Here is a link that also provides a definition for NSS and Reg SHO
glaszman:
Thus partial truth is a whole lie. Ask the people invested in ENRON. It is amazing SEC can provide a partial solution to a global market issue.
To All: Mr. Cox, accept responsibility and make this right for everyone! ... with liberty and justice for BCIT, so help us God!
Then freedom to trade will happen.
Oops, is this politically correct?
In your spare time, I have found the following information at the link below helps in handling crisis moments created by others, even oneself, when words of truth have been spoken, like Mr. Cox, but selective correction is applied. This is not a qautrain, but relative to the moment.
http://www.cptryon.org/prayer/special/serenity.html
Hurley:
You are absolutely correct! Eventually the truth will be exposed. It is unfortunate that it takes a crisis that hurts not just a little over a 1,000 investors in BCIT, but possibly the entire financial infrastructure of our great nation.
Time and the Creator of time are my friends.
mikeymac:
I think you know I understand that. I can understand why Megas got angry with DTC and SEC, someone allowed his property to be stolen. That is why in recent posts I have stated one never knows what a man is going thru unless you have travelled in their shoes. I admit I have not walked in his shoes.
As to "Judge not lest ye be judged.", reread the whole text.
If you have time, view this site as it may clarify the point you stated.
http://www.capalert.com/judgenot.htm
Megas certainly had different options on how to respond after he accumulated the facts per the court document. But because of the confusion going on and barrage of information that was constantly hitting him every day, how does one make the decision what to do on your own? That is when one's belief system and principals kick in.
It is normal in life for everyone on this board to judge others, every day. The question is, what source is one using to govern their judgement?
Webmoney:
How does one know that Megas hasn't done that already? I understand it does not take much money to start up an offshore bank. With $60 million at the age of 60 to do with what you want, sounds wonderful doesn't it?
ditch:
Hypotehtical questions about the heart of the man? I deal better with reality. I actually experienced a real life situation that was similar. I was at a restaurant while traveling and charged my meal(only meal I charged on card that I for travel purposes only. Little to my knowledge my someone stole my credit card number and charged over $2500 in another state a few days later. Was I to blame for using my card and not verifying the restaurant had in place an anti-theft policy.
Fortunately, the credit card company was on the alert and caught the charge and notified me. To me, this is exactly what the DTC should have done with Pammy, validated and verified her credentials and the authority that she was operating in.
Unfortunately, in your scenario you are dealing with the heart of man. What motivated the man to take the wallet in the first place? Where was it located? There are classes that can provide how to protect oneself from this type of activity. As with Pino and Pam, what motivated them to do what they did in the first place? What a price to pay for a few months pleasure and it sounds like Pino's saga is not over yet.
A biblical answer, turn the other cheek(This could apply if the wallet was in pants). Megas could have done what he is doing now, in 2005. He had the money, I think someone stated he has spent $750,000 to date. How many years income is that for the people on the board? He could have accepted responsibility for his busyness and lack of attention to BCIT and not contributed to the chaos, cleaned up the mess with a reverse split, and BCIT would be trading. Energy Sources not needed. I do like the new direction with bio fuels much better, but Megas has to do what he said.
But I have not been in Megas' shoes. To me, Megas has principals that he lives by and I have mine. I have to respect that in every individual, but I do not have to agree with their principals. I just need to accept it and go on. And accept responsibility for my actions and attitudes as I did in an earlier post.
Isn't the free will we have been given by our Creator great! We are each responsible for what we do with our free will!
Time and the One who created it are my friends.
ditch:
Just saw an example of a rule broken on my way home today. I felt sorry for the man who was towing the boat that was hit as he apparently was making a turn thru an intersection. Authorities were there to determine how it happened.
But one can feel for the person as his boat lay in the middle of the intersection, shattered. Same for BCIT and its shell. I feel for Megas for the shell has value even though it was dormant. Busyness is no excuse. Authorities are there to determine how this happened.
In most cases where one were to buy property and allow someone on it and they get injured, that property owner would probably pay the price because they did not do anything to keep them out. Real life, person buying a cup of hot coffee at McDonald's wins a law suit of a million dollars because McDonald's did not have a warning that the coffee was hot. I was surprised McDonalds was not required to label cups: 'do to not place cup between legs. hot!"
As to a quatrain; there is only one source of truth that I build my belief system upon and still under construction. I am not perfect yet. While I do read other books, my sole source of how I conduct my life is the Bible. And when I am wrong, I will admit it as exemplified on this board. So much for ones ego, I quess.
It took 30 years before I realized I cannot take with me what I pursue while I am alive. I was born in this world with nothing, I'll leave with nothing. Yes, Nostradamus is an interesting read as is almanacs. But nothing is a substitute for the real thing, the Bible. A lot can be learned from it if we have an open mind.
The golden rule treat others as you want to be treated applies. I think most people would rather live by this rule than 'do unto others before they do unto you'.
Of course this is IMO, maybe idealistic but provides hope and best wishes for all. We may not always agree, but let's disagree agreeably.
I do hope Megas makes good on his word about his plans with BCIT. But my trust is not in him or any man, but the One who has established the wealth. Time can be your friend. I have chosen time and the Creator of time to be my friend.
500_and_Long:
You are right. I was wrong for doing that. I do apologize to the board. As I am passionate about some things, so is Megas, and so are all on this board. And sometimes passion gets one caught up saying things without thinking. no excuse.
2late:
You obviously have not read all my posts. Read up and then comment. I think you will find your statements here unfounded as I have included the DTC and SEC for negligence. And I believe moreso the DTC when it comes to allowing Pam to do what she did.
But the negligence on Megas part was in reference to an email from Megas to Art because of his busyness.
ditch72:
By the way, it does not matter how many rules are broken and who broke them. All it takes is the breaking of one rule to bring chaos. Run a stop light and see what happens.
But note the guilty ones blamed everybody but themselves for them making the wrong choice. They did not accept responsibility for their choices. There is not one that is not guilty here of not being responsible, but everyone is trying to blame others.
People need to grow up and accept responsibility for their own choices, starting with the leader. Then, IMO, BCIT will trade.
ditch72:
Your getting ahead! That's in Exodus chapter 20. I just wanted to keep it simple in regards to answering the question if Gen 1 thru 3 was relevant to BCIT. The good news: it is!
Megas created it. He was given rules to govern it by. He did not manage it accordingly because of distractions and thus the serpent was able to enter in and usurp the identity. Megas had to cast the ones usurping authority out and they were fined and had to pay a penalty.
Sounds relevant to me.
ohbull:
It is if you are looking for truth. It has everything to do with explaining why BCIT is in it's current state. It has to do with recognizing authority and doing things according to a plan. There are rules that govern stewardship over one's possessions. Or maybe BCIT didn't have a plan to start with?
mastaflash:
But there is difference when one is open minded to accept the possibility of other points of view and then exchange the information once due diligence is applied. This is called learning.
The other is the attitude of: I am right you are wrong all the time with no possibility of intelligent interaction, which is just ignorance at its best.
Art2Gecko:
Thank you for posting this. I understand the fear of bashers, but Art I believe you have been fair to allow all points of view published on this board, to a certain point of tolerance.
I do appreciate your post to me recently of TM's message about his busy schedule during the Pino charades.
At this time I will try to give him the benefit of the doubt about his busyness and try to believe that he left the list with the Nevada authorities when he was in the states for the shareholders vote and NV personnel failed to process the information in a timely manner(typical government lag).
In time the truth will be exposed. And time is my friend.
bchataroo:
ditto
breharb:
It is the proverbial catch22. According to Etrade, they are waiting for the TA to send them the CSTC certs. According to the TA, the brokers have to turn in the IMTD certs before they will send the CSTC certs.
Who's on first? I don't know.
Tool:
You have missed the point. This shell is property and has value. Just no product and revenue stream. This is no different than owning land with a brand new home and then not maintaining it. To realize capital gains here, one has to maintain the property for the value to appreciate as well as your neighbors. The problem is the property got into the hands of a poor caretaker due to Megas inattention and busy schedule. The weeds set in and lowered the value of the property. There is no excuse for lack of responsibility to his property, abandoned or not. This lack of responsibility caused people to invest into the original Carter Care merger, a viable opportunity, and now be in limbo for 3 years. What would the count of investors with tied up investments would there have been at this point? 100, 200? IMO it would not have been over 1,000 and the CEO recourse of suing the very people that should have been viewed as an asset. But, the lack of responsibility by the DTC/SEC on the TA assignment of Pamela Thompson without following up on credentials adds to the list of missteps by those in charge. And then the lack of responsibility by the DTC/SEC to perform their lawful duties in a timely matter is no excuse either. Why did it take approximately 30 days to halt the illegal trading?
All we are saying is that noone was watching the abandoned property due to busyness and lack of time to perform fiduciary duties to investors that has now tied up over a thousand people's money(without interest) for 3 years.
mastaflash:
I do not know Megas, as you and Megas or others on this board do not know me. What I do know is how Megas perceived people that invested in BCIT at the time of the Carter Care merger and or post August when the insanity hit, and it was not positive. He definitely had to feel he was robbed. But, I do not know if Megas bought/sold into the frenzy, or informed friends to participate and helped others to make money during this time. From lack of DTC/SEC making any statement to this effect, I have to 'assume' Megas did not do that knowing the SEC/DTC keeps records of trading activity. But I reserve the right to think there might be another deal behind closed doors between Megas and SEC/DTC to clean this mess up in order to get this stock(BCIT/ENERGY SOURCE) in trading order.
First things first, second things don't worry about. All in time and time is your friend.
janice:
and thus the plan IMO, if we wait long enough we will forget about the whole thing. Time can be your friend. As you can see by a recent response from Art regarding Megas's busy schedule, admittedly BCIT was not a top priority then to Megas. That is why so many people have been financially stranded because of the busy schedule of Megas. Does not sound like fiduciary responsibility to me by the CEO, IMO. Of course this was only a shell that got hijacked because of other business priorities.
Yes, I know Megas is trying to get the train back on the track, and running in the right direction, but will another business priority cause another stumble with BCIT?
Only time will tell and time can be your friend!
nwsun:
I voted, but only after badgering Etrade constantly until I received the proxy from Etrade on the Friday before the vote. The barrage of interaction between me and Etrade was furious. I was an investor May 5, 2005. Does this mean that I am legal and other Etraders are not? I don't think so. Someday, maybe I will release the interraction for all to have a good laugh.
This info may throw people for a loop on their theories of why some people got their proxies and some didn't. Perseverance and principals do pay off in the end.
Art:
I stand corrected as I was referring to the PR to the DTC in August. Forgot about this one but a PR to inform shareholders to my knowledge was not issued in June. Please correct me if I am wrong.
To set the record straight, according to court documents, Megas or a Megas representative(Sytner), discussed with Pino business solutions to move forward with the merger on or before May 15th. To give Megas benefit of doubt, because it does take time to put all the facts together, approximately 30 days(ie.June 16th) lapsed before notifying the authorities that whatever Pino and responsible party for BCIT agreed to did not occur as to the events documented in the proceedings.
So in summary: Someone failed in responsibility to manage the situation before it got out of control in August. Thus one can reasonably conclude the DTCC/SEC failed in their fiduciary responsibility(before August and I would even state before May 5) to the market to control and manage the market trading order of this stock before August, which is when the insanity began.
Again, please correct me if I am wrong.
mastaflash:
FYI. I am relaxed because I have done what you suggested even before you suggested it.
I can still have hope, but with reality that men are controlling this. And "hope is not an investment strategy".