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Art:
You have the correct answer, as it is regarding documented information! That is the information that is known.
But you may have the answer to the unanswered question that is not documented, why did it take up to August for Megas to report to authorities?
It is during this time frame that allowed other investors to get swallowed up in the muck and mire of this mess. It is documented now thru the court records that Megas discussed BCIT with Pino in early May. And Megas won that war thru the courts. That was a great victory. But the battle to get this trading again lingers on until the mess created, by not reporting sooner than later, gets cleaned up.
Megas is wiser now thru this experience, and hopefully he will get the mess cleaned up. But at whose expense?
Mastaflash:
You make very good points. I have already revealed my position as a shareholder of BCIT on 5/6/2005 before all the 'insanity' started. I find out thru court documents that Megas met, talked, or had some meeting with Pino on or before May 15, 2005. No transaction was recorded(ie. thus 'poor quality'), but it sounds like a handshake deal or a wink-wink deal. Don't we wish for the past now where a man's word is his bond. I am trying to give Megas the benefit of the doubt that he trusted Pino at his word. And then when this didn't happen, he notified authorities(about 3 months in time). No documentation other than courts, to my knowledge, support this. But his silence is deafening.
My purpose and intent of investment was the Carter Care reverse merger gone sour because of men not performing their word.
If everything would have gone as plan, Megas name would not be in my vocabulary today. I am just learning and sharpening my investment strategy from this opportunity.
allezIOM:
Did Megas make you his spokesperson? If so, he should let all know this by addressing this in a PR. Your response is exactly why this shell is in the position it is in. People take it upon themselves to act on behalf of the CEO, including you, without proper release of information and authorization. If I am misspeaking here, show me the notarized copy of Megas granting you this authority to make the statement just made. The last I knew this was a public forum, and it sounds like you may be either trying to intimidate me or threaten me. This is the typical childish response I have referred to in previous posts when people disagree.
Let Megas speak for himself, please. You obviously have not walked in my shoes to understand my level of disturbance by the mismanagement of this shell and the things that were trying to be concealed behind closed doors. But time is my friend. This is a public company that has guidelines, and to my knowledge, anything that is done that can impact the PPS of a public company in private should be disclosed to its investors. This failure is why people lost their life savings in the Enron fiasco. Deals behind closed doors not being publicly reported.
Whose authority was Pino and Pam operating by - Sytner's, if not Megas?
Someone had to give them the authority! The negotiations behind closed doors looks to be the answer.
You response sounds to me like the heat is on someone.
Tool: Remember the definition for sleazy did not come from me, but from a well known source Webster's Lexicon dictionary. By applying the characteristics you described to Webster's definition, the answer would be yes. As again, there was no proper documentation about the position of the woman you described, nor did the authorities who were hired to protect the investors perform the proper paper work and research. IMO, this can fit 'poor quality' which fits the definition of 'poor for sleazy . IMO, this qualifies both the woman and the authorities, that were supposed to validate credentials of people, as sleazy.
OhBull, have you read the path of messages. This was a result of the original question earlier asking for the definition of sleazy. The definition is not mine but the 'Webster' dictionaries. The comment is supported by the reality of actions that met the definition. To bring this closer, a real life example is Hitler. Men thought they were following the right direction, and some still believe Hitler had it right today regarding survival of the fittest.
If one did not follow and speak the leaders line, they were killed or assassinated. It is true on this board as well. Maybe not in the physical form, but in character. Responders typically attack with and try to destroy people's character without providing any context to their point.
I believe that the context I brought to the board is relative to why BCIT is not trading, as well as others. I have stated before I do have an admiration for the character of Megas for not quitting. As well as those still on this board, but understanding the fact that eventually over time people can assume the character of the leader they follow. Kind of like the frog in boiling water. The heat does not build character, it only exposes the character that was already there.
Have a great day OhBull
Janice: I know peeople who have a great business in this market segment, making good money, and that is why I originally invested in BCIT with the Carter Care reverse merger. And there are some companies doing well that are a penny stock. I do not know what has happened to Carter Care since the failure of the merger, but IMO they are probably doing well because of that industry segment. All of us are getting older and will need care, especially if we do not have loved ones to help.
BCIT switch to bio fuels is probably a greater growth market to be in which has the current investors anxious on what the CEO has planned, if he would address us with a PR. But if he is sleazy, per your definition, one has to think about why stay here. Over time, the followers are subject to taking on and reflecting the same character of the leader.
Janice:
I believe the lucrative deal with the hijacker you are referring to is the purported sale of BCIT shell to Pino that as far as I can tell was not properly documented in the form of a sales contract to complete the Carter Care reverse merger, correct? If so, this can be considered to fall into the definition of sleazy.
From Websters New Lexicon Dictionary:
Sleazy - definition states "of poor quality, lacking substance".
This would mean that the manner of sale of BCIT shell was definitely lacking quality in negotiating the deal. It leads one to question why this sale was not being documented properly, which then leads to why did it take almost 3 months for Megas to report the hijacking to proper authorities.
This negligence by the CEO of conducting a sale of property properly is at the heart of why over 1,000 investors' money have been in stalemate for 3 years. Which gets to the reason Clarity was asking why so long.
Janice:
Your response does not answer the question. What define's a sleazy CEO? There are many different ways that people are ripped off. I am trying to determine if Megas falls into your definition of sleazy CEO, which would then mean he should be investigated.
Meouco:
Be careful, the cost of bananas have also gone up also. With due diligence, the return on investment would be minimal at best, especially if PITA would get involved. I see minimum wage possibility for animals that perform labor and add national insurance costs. And the cost of legal battles are unknown. Just my opinion.
Jupiter:
Wow! Good to see agreement here also. And amazing it occurred twice in the same day.
Jupiter Josh:
Yes, we are in agreement when it comes specifically to respecting Megas for not quitting and staying in the race. I would not make a broad stroke general statement like this that expresses respect for anybody that never quits. I am not trying to parse words, but I trust you appear wise to understand the difference. Maybe the way I worded my opinion recently caught some people by surprise, but I think the point was made. I'll be more careful next time in wording something I happen to have a passion for and better articulate the point.
Have a great weekend.
lollybella:
All so true. Megas must turn the vision into reality for this to survive. Anything less, it becomes a tax write-off and stays what it has been from the beginning, a lifeless shell.
Shells still have value, but not as much as if it was an operating company with product and cash flow.
I can still hear the faint noise of cash flowing, but right now I think it is a dream.
Megas now has Energy Source pointed in a good direction with a world-wide demand. This, in my opinion, is better than the Carter Care direction when I first became aware of BCIT. But I think elderly care is a viable business. A lot of money is being made in that industry segment, also, as we are all getting older every day. This may explain the anxiousness of some of the investors. Time is running out.
Megas, "get 'er done"!
Makeamint:
I see what you mean, "Upon Effectiveness"? Who's effectiveness are they referring to? I does not appear to be Etrade's customer.
Pedro:
And 'survival' is in the best interest of the shareholders! is it not?
Molson:
This is the greatest "shell" game known to man at this time. The best slight of hand, maybe qualifies for Vegas act. At one moment you are not recognized as a shareholder, and the next you are.
But seriously now, Energy Source future? I am not a card reader, but there are a lot of companies in the energy field today that are actually making money with a product. Right now the words of Megas are just "smoke and mirrors" as nothing as happened according to current results. Megas needs to appear(possibly in the form of a PR) and address those who invested in the vision. The vision needs to become reality.
As I said recently about Megas, he is a very smart man that has what others want, and people are willing to do anything to get what he has. But when one looks at the consequences, I do not think anyone on this board wants to be in the shoes of Pino and Thompson, and anyone else involved that the SEC may be tracking down if they are doing so. I do not know. However, changing a companies name will not get rid of the baggage of the past that is dragged along with it. It kind of reminds me of the Charles Dickens story 'Scrooge' and the character Marley. One's movement is definitely slowed down carrying excess baggage that wasn't originally planned for.
A lot of what is reported will happen(ie.R/S 200:1) could have been taken care of now years ago without the law suit of what the man at the helm said he had to do, for what and whom? At this time this is yet to play out.
A discerning trust is needed by the one in charge for those who have invested in BCIT to become Energy Source, and understandably so, the trust appears not to be there yet. But this trust is a two-way street. Everyone needs to examine their heart as to why they invested in this company in the first place and determine if they are still in agreement with where Megas wants to take the new company.
If you don't trust Megas, write your investment off at the end of the year and place your energy into something that is more positive and productive.
I have examined my initial motivation and willing to have patience to wait on good things happening to Energy Source and bio fuel space. Unfortunately, some on this board do not have the time.
Megas has demonstrated success as to the wealth that he has accumulated. If you question this, very few people on this board would have done it his way, but apparently he had time and the money. Maybe a touch of pride stepped in and hindered some of the decision making process, but how many people on this board have actually walked in his shoes.
To me this whole thing is overwhelming and I have played thru it to see it from Megas perspective.
But you have to admit, we have been a part of history in the stock market. Yes, recall the stock market crash of the '20s. This country become stronger because of the failures of man's rules to govern the market. As too with Energy Source, if it stays focused on the biofuel industry segment and is able to put the distractions of the past behind it, Energy Source will make everyone some money in time, if investors have the time.
There is a lot to learn from our past if we want to and to grow up and mature - not to repeat it again. I do have an admiration for Megas because he did not quit and walk away. But we need to remember, even though he did not ask to be in this position, we are all here because of the failures of man in the process.
All share in the responsibility of making Energy Source a successful entity once we receive the orders. Just waiting for the orders.
Now this stock looks like it is managed well. Low volume but yet good movement! Could be interesting to those who take a look.
Voila!
And at no time does his hands leave his wrist!(Megas that is)
majesty:
Just to prove your point, here is Etrade's response to me 8 days ago. As of this moment, IMTD shares have not been converted. They must be using the snail mail process, or a hot air balloon. And I think that popped.
From: E*TRADE Customer Service
Sent: July 3, 2008 10:31 AM ET
Subject: Portfolio
Topic: Reorganizations
Account: XXXX-xxxx
Reference Number: xxxxxxx-xxxx
Message:
-----------------------------------------------------------------------------------------------
Dear xxxxxxxxxxx,
Thank you once again for your message concerning the exchange of Imagitrend shares to the new Castle Technologies symbol CSTC. I apologize again for all of the frustration this has been causing you. Our Corporate Action team has been in touch with the transfer agent regarding this matter. Because this is a non transferable security we must await the new entitlements to be physically delivered from the agent. We have not yet received the new stock. We will post the new shares as soon as they are received however. Once again, I apologize for any inconvenience this may be imposing on you.
I hope this information has been helpful. Please let us know if we have addressed your questions and concerns satisfactorily by taking a 30-second survey at the following web address:
...
Sincerely,
xxxxxxxxxxxxx
Hours: 7:00 AM - 3:30 PM (MT) Mon. - Fri.
1-800-355-8888 Ext. xxxxx
StockPlans Financial Services Representative
E*TRADE FINANCIAL
Jupiter Josh:
A PR is not the same as contacting the proper authorities. You provided nothing. All you have done is substantiate that Megas knew about the issues with BCIT in May.
Again, the question is why so long(ie. August) to report to proper authorities?
Business is business. Megas obviously has more money than most of the people posting here, which can equate to being a very smart and shrewd person, characteristics needed by people that own a company or companies. Unfortunately, other people wanted what he had, and were willing to do anything to get it, even break the laws people like you and I respect.
We all want the same thing, "TRADE ON" is the battle cry of the day.
We can say this all we want, but it doesn't mean it will happen, until the mess is cleaned up the way the orgs in control want it cleaned up.
Trade on!!!
ditch:
The nature of man has always been to hide and cover up the truth since the beginning of time.
What I do know is that we will never know until the time the truth is ready to be exposed. The darkness will be exposed by the light.
That is all determined by the heart of the man in control, and at this time the man in control is Megas.
Mikeymac:
I agree with you. I am not entitled to anything from Megas, but it would help to get this trading(IMO). that is why, if you have been following my posts yesterday, I made the statement "I am disappointed" at man's failures to be honest and truthful and accept responsibility for their actions or lack of actions. I have accepted responsibility for my actions of this investment with understanding the worst case consequence is a tax write-off. The best is Megas does what he stated he will do and hope this take off. But as one poster recently stated, hope is not a good investment strategy. I invested based upon the Carter merger in May/June. When all the junk started in August the Carter deal was dead. I knew then I was just along for the ride and just stayed on the side-lines listening and learning - til now.
The buying/selling frenzy that occurred back then was like watching a shark attack.
Also, true that with the failed Carter merger, this is just a shell. No product, no service, nothing that produces revenue.
That is reality and truth.
I like your approch that doesn't attack people's character. Mature people can certainly reason and discuss issues without tearing the other down. This is not good and not productive.
Just a final thought, I definitely understand the back-room antics conducted by some principal owners. They talk integrity/honesty out of one side of the mouth but perform slight of hand tricks with customers and their employees to get what they want. Their words are smoother than butter. But there are some good companies that operate with integrity, a missing quality in some people today.
ditch:
Nowhere did I blame everything on Megas. But in running a company, the man at the helm is still responsible. Yes, I agree DTC failed in their duty to validate PT license as TA, but that in noway absolves Megas from his responsibility of overseeing the company, unless he gave that responsibility to Sytner. That is a whole other issue in itself.
The bottom line, we are talking about one of the most valuable assets of a company, the original shareholders - not even us fake shareholders, being treated as though they were worthless and did not deserve the respect of their investment and trust to operate the company with integrity.
And I have no concerns other than telling the truth, the whole truth and nothing but the truth, so help us God. Then this will get resolved.
Buddyglass_00:
It's called wisdom and patience. Listening is a very effective tool. Try it sometime. I have been observing the characteristics of the people who post on this board. I have come to understand what makes the posters tick. Even those who do not post, including Megas.
I understand his frustration, but he was asleep at the wheel. Yes I know it is not all his fault, but who let the wolves in. The government and its entities cannot protect everyone all the time every minute of the day. We have to grow up and accept responsibility for events, good or bad, that happen in our lives.
I hope everyone knew when they got into penny stocks, that over 90% of them fail. Some will make money, most will lose money. I just have found it interesting over these 3 years how people respond to man's failure that they cannot control and then look for scapegoats to blame it on and call people names and discredit those they do not know, just because they disagree.
This was speculative to begin with. As I posted before, in the beginning it looked like a company on the up and up - and it may still be - the jury is still out and we are not on the panel. I am not accusing Megas of wrong dealing yet as time will expose the truth, but I certainly did not like being falsely accused to make a point to the DTC/SEC as most of you.
Fortunately I did not have a lot invested, as it can be a tax write off that can be applied against my capital gains from other investments.
Clarity still has a valid question that most people on this board are ignoring - Megas - why did it take so long for you to report to the proper authorities?
The position I am standing on is called 'freedom of speech'. You as well as I have a right to speak our thoughts and agree or disagree. It's in the constitution. Unless you ar trying to prevent me from performing my right as an American citizen.
You now have the right to either accept what I said or reject it. It is all based on what you believe to be true. You obviously have a different belief system than I. And you have a right to that. All I ask is that you recognize my rights.
Megas, even though a foreigner, has rights in our country to not have people illegally take from him what is rightfully his. Who was watching the house?
I do support the judicial system, while I may not always agree with the results. It is better than most other countries. Have you ever been in a court where people bring false charges against you? You probably wouldn't like it, but you still have to defend yourself.
Yes Megas has really got himself in a spot, noone else got him there. Negligence of responsibility for watching over BCIT is no excuse. From what I have read, he did it by trying to negotiate a deal with Pino. When Pino defaulted, Megas then reported to the proper authorities. Again, noone seems to have the answer to the question, why so long to report?
Simple ... from history - Hitler didn't until he was stopped ... and from current events - the terrorists haven't yet. It's in the news everyday. Read about it at yahoo.com
Same story here - somebody doing something wrong - someone has to stop it. Megas did, I'll give him credit for that. but why so late to notify the proper authorities? That is the question.
multicellp450:
As long as we agree to disagree agreeably, we will be okay.
This statement I am in agreement.
The truth will be made known and it will set BCIT free to trade!
Did you not read Jupiter Josh's statement that I posted to? I think that says it all. Admiration of a man that won't quit.
All I want is the truth, nothing I have posted is legaleze. X-files had it right. The truth is out there somewhere! Would you agree with that? I can't change anybody on this bulletin board, but would like people to respond with a grown up attitude. This company is setting precedence and does have a future, but only if the truth is made known by the one man that is in control now, as of the shareholder meeting.
But he remains silent!
Go terrorists! I guess they are highly admirable by your definition because they will not quit. Adolf Hitler didn't either. Let people do what they want to as long as they don't hurt you.
What a great philosophy to conduct one's life by.
I agree with innocent til proven guilty. But that is only if they tell the whole truth. There is still a gap in time and information as to what was going on thru the 2,3 ,4 or 5 months(however you want to decipher the document Initial SEC Complaint
http://www.sec.gov/litigation/complaints/2008/comp20466.pdf)
it took to report to the DTC/SEC.
Megas had property true that he has a right to defend. But defense is a 24/7 job, and the time line as Clarity keeps pointing out has gaps in defense not only for him but we the shareholders. This is what some do not want to acknowledge on this board.
Great! We have mutual ground and are in agreement with this point! There is power in agreement. But I still reserve my right of expectation recognizing that man will disappoint me! This has not changed since the neginning of time. And right now my expectation is positive and full steam ahead.
The point here is the time it took for Megas to report, from first contact May 5 to notifying DTC August 17. Why so long? What was being worked out? 2,3, or 5 months? It should have been reported immediateley.
My point was purely to show wildbill the link is in the ibox as clarity stated. Wildbill's comment exposes the fact he has not read the documents, or at least understood them. I was not trying to tie Megas to anything.
Your response just shows how out of control people are on this board. You do not know me, but have already judged my intent by your response and as another had responded to me previously to my statement the truth will be exposed. Someone took that to mean I was expecting to get some information before anyone else. Far from the truth. I am disappointed, but wise enough to understand that disappointment doesn't come from what you find in life, but from what you expect to find. So I have learned to change my expectations.
The issue here is that people in charge are still withholding information by being silent about what really happened that has caused over a thousand people to lose their investment. If all parties would just stand up and accept responsibility for the choices they made, this would probably be cleared up quickly. But the guilty are possibly fearful of paying the consequences of their actions. You see, if you have read the Bible Genesis chapter 3, you would understand why Adam and Eve were cast out of the garden. They blamed everybody else for why they made the decision to do what they were told not to do.
After 3 years, it is about time to examine oneself and ask why did I invest in this company?
Do you think wildbill will apologize to clarity for calling his ideas full of idiocracy? All this name calling is just plain childish. Again, it is time for people on this board to grow up!
wildbill:
Please review the link below that is in the ibox and look at #23 in the document where it says Megas contacted Pino in May 2005. But papers were not filed til August 2005. All those who really care, want to know why it took so long for Megas to report. Isn't that a fair question to ask or is your question about being fair?
Initial SEC Complaint
http://www.sec.gov/litigation/complaints/2008/comp20466.pdf
Art:
I would interject he did not respond because of the immature responses that were offered on this forum, especially when there is disagreement with others opinions. Just look at the response I got from multicellp450 earlier today. Very childish and does not reflect the heart of a mature man/woman, as I do not want to assume the gender.
All the BCIT investors are asking for is the whole truth and nothing but the truth so help us God. And all we get is silence. The true heart of a person wants to be treated as they treat others. With respect, which appears to be lost on this board. Is silence the way Megas likes to be treated? Again, one question even you have not answered, "why did it take Megas so long to report the proprer authorities?"
Which then raises more questions: What was going on behind closed doors? Were there deals being negotiated?
All I know is eventually the truth will be exposed. Ask Bill Clinton.
so you are admitting accusing Carter and Dewhurst of being the thiefs without a trial. Wow! And we call this America, where we have the self-imposed right to slander companies and people because of our own opinion.
Obviously your opinion is above the law. Get more than one brick as you have already judged me, because my opinion differs from yours, and you don't even know me.
All I know is before all this went down, it had the appearance of being on the up and up. What we do not know is precisely what clarity is trying to say. There appears to be more because of what Megas is not saying. Why did it take him so long to report this to the SEC/DTC? almost 3 months from the day he knew about it. If a crime had been committed against me, I would have reported as soon as I had knowledge of it. It appears from the information, Megas was quiet too long before bringing the crime to the attention of the proper authorities. Why? That is exactly why we are in the wait and see mode. All clarity is stating( correct me clarity if I am misinterpreting) is to have an open mind and look at the facts. I am an early investor, but I am reserving judgement as I do not believe the whole truth on Megas/Sytner participation or lack thereof on behalf of BCIT investors has been revealed yet.
A typical childish response. Grow up.
I think it is singularly significant that Jay Dewhurst and the Carter culprits were not included in the recent SEC actions against Pino and Thompson. One would think the SEC investigation would have uncovered their culpability - if indeed they were culpable.
I believe the most valid point here is the underlined statement "if indeed they were culpable." Any negative comment or insinuation made towards a group or person without facts should not be acceptable or tolerated on this board or any board.
If any of you are without sin, then cast the first stone. I am sure you will be casting them at me now. So take your best shot.
How much time did Martha Stewart get? And look what happened to Martha Stewart stock! CyberKey has a great idea. Product is real, however it is owned by another company, and business model has flaws. Does it have wings and can it make it to the the moon? Maybe from this experience, the energy market will be CyberKey's next adventure( i mean scheme or is it scam)! something like MyCyberSpaceKey. Just think of the web site name: mycyberspacekey.com. I won't even charge Jim royalties for this idea.