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I think the problem is that those who take it upon themselves to meddle with Attaway, or who
divulge on this board things which enemies could
twist or exploit are the only ones who might find
themselves excluded from the private board.
I have no vote either way, except I think it
childish to keep insisting Megas update us on PNG
weekly, and insult him by disbelieving his statements, whether formal or in a PR,...just my take on things. We need to be very patient,
very trusting (back up the legal fund with some
amount representative of your holdings) and not be
always going around threatening Megas. imho
Lakers, if I were a lawyer, with the mountains of
paperwork involved in this case, I would not go near it without a downpayment for my research time, first.
Only after the research would I decide if I wanted to work for contingency pay. You have the cart before the horse, imho.
Lakers, I don't want my legal fund money back until the needed amount is realized by my fellow shareholders.
As far as trusting Megas, I think you are a skeptic by nature. I have no trouble believing he is working in PNG and that he fought hard in Oklahoma to try and get this stock trading. At any rate, I will wait to be proven correct that Megas has NOT given up on righting our wrongs. Nothing he has done
has caused me to doubt him. I hope to be vindicated
eventually, but until Megas feels it is time to
act (probably once Energy Source is ready to trade and has value put into it) I am content to wait.
What I DONT trust, is the SEC and DTCC and the BROKERS who are short. I have chosen sides, but apparently you are on the side of the DTC.
lOLLYBELLA, Thanks for stirring the soup. Please let us know what response is. The old responses
from brokers used to be round robin, saying need
to request certs from company. I expect about the same bs for our attempt. But if Megas will
step in with public announcement, would be nice to
have all this in writing.
Thanks,Oh Bull, for the Megas update. There is
no question, but for the business of Energy Source,
he is still awaiting an opportune moment (Make Time
Your Friend) to confront the SEC and DTC and broker/thieves who short sold our stock.
Nothing to say, until that action commences, except
we will need council, and it would help if the shareholDers showed support by donating toward
council. It's not the money, it's the support
thus symbolized, imho.
Lex, it appears to me very simple: for years Megas tried to get justice in the US courts and from the SEC, and got nowhere. His conclusion seems to be that he will fight by putting value into
Energy Source and converting BCIT shares to the new entity. But putting value into Energy Source
required work and time , from which effort the legal mess was proving to be a distraction and obstacle from
achieving. So while we wait another year or so for Megas to do this, we have to muster
patience. There is no need for Megas to say more, indeed the more he says, the more
the "enemies" will use his words against him, imho.
Give it a year more, and I think you will see Megas has another plan he is going to follow to get
us trading.
I agree with AlanC that it may take time, but the
corruption stemming from the Federal Reserve and
tne DTCC has got to end, especially since they now
are taking it upon themselves to dilute the dollar
by some $600 billion (since nobody else will buy our debt, now) and the little people are going to get
hurt, big time, by the resulting inflation, which in turn is going to feed RAGE and an unpleasant demand
(from the point of view of the FED RESERVE) for
transparency and a return to the gold standard might
even be possible! Tough days ahead for Fed Reserve,
I HOPE.
With a real lively CEO working like heck to put
value into Energy Source, it is no time to quit! imho
Megas never "sued" in this situation. He explained it was to uncover missing certs. And it did.
I was never harmed, nor fearful of that "action"
And Megas never offered anybody any favors for their
opinion. Me included. That's pure nonsense you are implying.
I have the emails he has sent various shareholders, and never once has he indicated that he has abandoned the "cause" of getting to trading and the shorts covered. So I
await that promise.
{"Megas doesn't care about the ...shareholders"
-
This is getting silly. Since when is business
involved with social nicities?
Megas is attending to business, so that Energy
Source will have real value with which to put
pressure on the shorts. I am glad he is not
wasting time with talk. I expect things to get
very interesting as a result of his hard work in PNG.
And I am willing to wait for it without insulting him that is taking too long.
Oppy, I am sure he has enough for the retainer.
He obviously, since 5 years of waging war, wants
a breather. Meanwhile, if shareholders showed strong initiative toward funding a small fraction of the legal cost of proceeding, I am sure he would
be made aware that shareholders are putting their money where their mouths are. If I were he, and I had spent $800K to get BCIT trading, I would be
unimpressed with those that complain he has done nothing. In fact, I might remain silent rather than
voice my disdain.
I believe if the shareholders would just hire a lawyer (ie., donate to a legal fund) that Megas
would participate, when the time is right (once Energy Source has an income, which I think is likely it does not, presently). To make the kind of income
needed to revive Energy Source as a going concern
is difficult. A new business, a new direction,
extra capital investment needed, and time...
I have no doubt Megas is trying to do all this, and
hope he succeeds.
The reason it doesn't make sense, is because you
don't seem to understand Megas's situation. He
needs big bucks to launch big lawsuit against
very powerful entities. To get big bucks in the midst
of an economic downturn, he has gone to PNG to
start a new business. This is a big and difficult
move, and he is not one to report each and every
sneeze or stumble, imho. He has already indicated
he has not quit. why it is taking him so long can
easily be imagined.We are talking thousands of dollars to launch a lawsuit. Meanwhile, the interest and damages keep mounting, which is in our interest.
Keep the faith and donate to the fund, my personal
motto. GO BCIT HANG IN THERE MEGAS DOUBTING
THOMASES, FIND SOME PATIENCE.
This is not over. Getting all angry at Megas is
counter productive. When the time comes, this
will be resolved, imho. Meanwhile, I would
advise being alert to any developments and patient
until we do have developments. Meanwhile, the legal
fund is a good place to start, imho.
Quiet from PNG is disconcerting. But with all the
political turmoil and earthquakes , sunami, and
volcanic activity down there, I fear the news is
not great. Exxon is moving in, accordin to NYTimes.
If I had heard more I'd let shareholders know.
Meanwhile, I have a life, as does OHBULL, and we
consider this a sideline, at best, currently.
AlanC, It has to be true that we have had funds
tied down for years at interest. At some point
this will have to have light shed and justice
retrieved. In the next week or so I will try to
find out some news from PNG. That is where Megas' focus is, currently, as far as I can determine.
Business, not legal games. But if the business
works, the legal game will be next, imho.
I'm awaiting developments from PNG, where there
seems to be a lot of action, getting Energy Source
a cash flow that will provide ample legal
funds, imho.
You underestamte Megas, imho.
When he emails he hash't given up, I take him for his word. Do you doubt he is busy getting Energy
Source some real income, do you thihk that's easy?
The time it takes to change a culture! Geez,
Alan, talk about foot dragging.. Thanks for post.
I tell it as it is, updated information will
occur, when it occurs. I won't lie. You, on the other hand, will have a hard time twisting & spinning no news,
right?
As I can deduce from his emails, Megas has a short
fuse. That is why he refuses to play nice,with the SEC;, imho. Why he refuses to communicate with
shareholders is because the entire case is on hold,
while he attends to real world business investment
in PNG. He can't be on call for court and be in PNG.
What is going on in PNG, right now, is uncertain, however. There have been no direct or indirect reports in recent weeks, which has me a little concerned.
From shareholders perspective, there is no news on the legal front ,at the moment. I hope this will
change, but Megas is in charge so long as none of the majority of shareholders wants to pay for legal action on their own. ONly a handful want to pay for
the legal fund, and it's not enough $$ to proceed.
Alas.
Molson, the last company PR was BEFORE the hard ball
of revocation , however it did contain a lot of
information about how the DTCC and SEC were not paying fair. But the revocation obviously changed
our tactics, and plans to cooperate by attending to filings.
The last email I recall was to the effect "not giving up" and "slow grind" presently.
I take these at face value, and having waited 5 years,I am easily prepared to wait longer, having heard nothing contrary to these last communications.
I take Megas at his word (not giving up).
If the DTCC could dangle Megas for 5 years, I would imagine he will take his own advice and make time his friend, ie. years to play, = years of interest
on a wrong.
I suspect some fly in the ointment of PNG "operations" . Ever since the big earthquake
and the election that didn't go Megas' preferred
direction there's been silence. Maybe, if he
isn't happy with things in PNG, he's hoping to
have an improvement before he communicates bad news,
imho.
It's too early to close down the legal fund, imho.
I will wait for Megas to get PNG resolved.
My $600 was a donation to the legal fund which
I hope is still intact. I'd give more, but am
discouraged by other shareholders attitude toward
legal attempts and funding same.
OhBull has been in touch with Megas in PNG and
from relayed emails to OhBull, I get indirect news. Nothing
recently, however, but if you follow the news of PNG, there has been political turmoil and earthquakes in the region, any of which could have
impacted Megas's projects adversely.
My hope is hanging by a feather, since most of the 1,500 shareholders are NOT willing to pay for legal help.
So if Megas doesn't pursue this, legally, and the
projects in PNG don't show a profit, there seems
little to hope about.
Meanwhile, I have moved on, away from the stock market, which I consider rigged against investors.
My money is now going to pay down debt and get
ready to retire. I do still hope for justice,here,
however, which is why I still follow the "news" and
post frequently.
Whatever Megas is doing, we have his word that he has not walked away entirely. My take is that he
is a man who focuses, and right now, Energy Source,
and PNG are his focus, not legal maneuvers. Give it
some more patience. That is what Megas is doing, and we should join him in that, imho. Meanwhile,
if we want legal action, the 1500 shareholders
need only donat about $20 apiece, to get the ball rolling. But most all shareholders are quitters and doubters--if not downright pessimists, it would seem.....
AlanC, I welcome your optimism. I also feel persistence in the cause of justice will be rewarded,
despite all the nay sayers here and the greedy ones
who have pocketed money they did not have a right to
pocket.
It behooves us all to give PNG project time to
come to fruition. Success there, can mean legal
funds for BCIT case, imho.
2lATE, The project in PNG is intense, and I've been
trying explain to some here that it must be engrossing and a lot more fruitful than a law suit
that drags on and on.
I think Megas is magficently preoccupied, and will
return to Europe and to BCIT legal maneuvers when
he has succeeded in PNG . And I've strong hopes
success in PNG, will deliver a better stock value for BCIT and results ina powerful bid to get
BCIT in play and justice achieved. imho.
The best news of the summer is that Megas looks like a guy of 55, instead of 65, and I would estimate
has a few decades of fight and ambition with which
to take BCIT all the way..GO BCIT 1
Dear Op, Megas has spent 5 years on this stock,
and appears to be taking a break to get back to
business. I have no doubt he will return to
legal maneuver, as soon as the PNG project gets
a groove on. I've waited 5 years, what's a couple more?
ALANC,2lATE,with y'all 100%. Just a waiting for
Megas to turn a good profit down under. Come
back to Europe all ready to another round with
greater ammunition and a new lawyer.
I have a lot of patience and I check the latest
BCIT news almost every day.
GO BCIT GO MEGAS
AlanC and Ditch, I expect Megas has a long memory,
and is building a company that will hurt the
shorts to the max. Go Megas, Go Energy Source
MRTEGNOL: I failed to understand your post, regarding something my "congressman" (which is inaccurate, my congress person is female) did.
Kindly explain which congress person of mine and what did they do? tia
The last word from Megas vis a vis all this, is
he is not done fighting. This can only mean he is
positoning Energy Source to provide greater value
and I would assume the BCIT shares will be
converted to
Energy Source shares, imho. I await a move from Megas or from the legal fund and Attaway, when the
time is right. I have a life, meanwhile, and I have
contributed to the legal fund. My conscience is clear and I have no doubt Megas would want his
wrongs ajudicated. Right now, Energy Source is
going full bore toward a nice profit in PNG, and I cheer the progresd being made there. AlanC and
Allez and 2 Late speak for me. GO BCIT GO MEGAS
2lATE, AS ALWAYS, I agree with you. Megas seems to be
very taken up with the PNG project, which means he
can't be in the US to conduct a lawsuit, and he is
out of range for even cell phones communication, so
understandably, he is not poised to resume legal
attacks on DTCC and SEC and BROKERS>
My attitude is, I have a life, I don't need the money I put in BCIT to move forward, so I am moving
forward with my own business/life, as well.
I await Megas's return to Europe, and, hopefully
indication a few more shareholders are willing to
pay a lawyer to see what can be done. I put in $600
and I don't feel I should put in more until other
shareholders, who hold MORE by far, shares than I
do, show they care to join me.
Otherwise, I hope Megas can offer a new company,
Energy Source, and I can convert my "shares" to it,
and move forward that way. Two roads. Both presently
stymied. I can't help it. I wait.
Nice to hear from you, ALynn. If by hell, you mean the corrupt agencies of the US Wall Street gravy
train, I expect it will freeze over at some point in the not too distant future. Then, and only then (with the DTCC corrected and SEC reformed) will it be safe to expect and attempt to gain just treatment for our wrongs, imho.
I agree, AlanC and Masterflash, the battle is not
over. And maybe time will be our friend (interest
accumulated over 5 years is a lot of interest).
Go Bcit, Go Megas, Go Longterm shareholders
Once the business in PNG is running smoothly, I
expect some good results for Energy Source stock.
But when that will be is unclear, to me.
Meanwhile, I await news that the legal fund has
hit $20K. Or I may walk away, if there is not that much concern among shareholders they can donate
a fraction of what they stand to lose, otherwise.