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And that my friend is frightening, considering the amount of shares just the people on this board OWN! WOW!
Interesting! Though there are ways to trump that IMO! Gotta love the fine print!
I know I have told you this before, but you are an absolute gem!
I did not see the DTCC warning. I was in the Caymans logging in on my laptop. Last time I checked a person is entitled to what they bought with cash. These shares were not bought with credit or on layaway plan. :) I just liked the stock and bought. Smart move on my part? Not really. Potentially profitable in the long run? Very good chance! The reason why you are here? Priceless!
So i take it the 50,000 shares I sold in Dec. of 2007 was through ex-clearing? :) At the time I was ecstatic...it was a "test" sell that sat for 30 days or so and then one day bam it sold. Now I wish I had those shares back!
Or is Etrade going to try those marked as short sells? LOL!
Janice! What are your thoughts on my broker selling me shares of BCIT 5 times after the "lock" was announced? Silly of me yes! Fraudulent on my brokers part? Yes!
No getting around that!
Just making a market right? There was no "liquidity" at that point. Am I correct?
Do you think those trades were ex-clearing? And that is fine, nothing illegal about ex-clearing. Except in this case the scumbags got caught with a hot potato. And it keeps getting hotter. Stay tuned!
What are you doing tomorrow night? Dinner?
To see just how crooked the game is! Believe me Catherine Mead as the registered agent received all of my documents showing dates of the buys. Sent certified mail. I am sure they will find it very interesting. :)
I was sold stock 5 different times after the DTCC chill/lock was announced.
You got it buddy! I have always felt the OKC case was and is very important in this drama!
Yes, brokers cannot remove shares from you account without your approval (i.e filling out a worthless securities from). I have already informed Etrad that if they do that without my approval I will sue them. My shares are still there.
I do believe we will all be amazed at how much value our shares are worth one day!
Janice- I do believe that I have told you numerous times how glad I am that you spend time posting here. It makes me realize that my shares of BCIT may have more value than I can imagine! Thank you for your presence!
So if I have counterfeit hundred dollar bills unknowingly am I guilty if I use those bills?
LOL! Fraud is fraud. WOW!
2Late- If you are not open to posting publicly, would you mind sending me a PM with your legal tactics? If your route is powerful then it cannot hurt to share. It sounds as if you are dealing with a legal issue above the small claims court?
Masta- Nice post. It does make sense. How is your small claims deal going?
Op- The number discrepancy here is so ridiculous that I don't believe it will trade again. The scumbags are going to fight this to the end. With that said, it does not mean that we don't profit from the shares that we bought.
I am curious if Darbie ever delivered the shares to the DTCC. I suspect they did. I am actually impressed with how dirty the DTCC is. Their commitment to financial terrorism is solid!
All in my humble, yet very strong opinion~
For the love of all that is holy. Intent has nothing to do with it. The end result (NSS/Fraud) of what happened is the crux of the situation. Chew on that for a little while! Thanks!
I suspect that Catherine is probably looking at my brokerage statements right now laughing at the dates of my purchases :)
LOL! You truly are a gem. Thank you for that post.
Yeah, unfortunately I do believe that is where this is headed. The small claims angle is fine, but I get the feeling these scumbags are gonna fight this tooth and nail and it ends up in a larger court of law. This is exactly why they have expensive legal counsel on their payroll.
T+3 is huge in this situation. That is why we all have messages from our brokers stating that the shares are indeed real/valid shares.
Back in the day i actually helped ohbull with transferring shares from Harris to Etrade (Etrade acquired Harris in 2006). Etrade was fighting it and I barked very loud to make it happen. I put ohbull in touch with the correct person to help him and i don't believe i ever received a thank you from him! :) Although his hard work and dedication to this fight is thank you enough!
This is going to get interesting. I believe the fight is long from over, but in the end the evidence supporting shareholders is so strong that we will win.
"deliberate fraud"? LOL! You are a gem....
And the bank robber did not deliberately go into a bank with a gun and a mask to rob the bank. So it's all good!
LOL!
Deliberate fraud! I like that.
I do believe that Catherine Mead is going to be very intrigued by the information that I sent her. Mr. Thomas Megas will be as well when they when see when my last BCIT purchase was. :)
For Etrade: Click on "Tax & Account Records" then select "Monthly Statements". That will allow you to see trades back in 2005.
This has become quite entertaining. Only a matter of time before the dam bursts. In or out of a court of law we shareholders have been wronged and are entitled to what we bought.
Mr. Thomas Megas' statement that "time is on our side" used to piss me off (i claim impatience and ignorance). A wise and determined man that Thomas Megas is. A dangerous combination. Throw in the Greek heritage and WOWZER!
And a big BRAVO to CH and the team for their forensic steps thus far. Extremely impressive!
GO BCIT!
We don't like scumbags....
Love it!
"18 USC § 1001 is your friend. ;)"
"Tru dat my brotha"
that would make sense, but the 106's are undoubtedly connected to the 205's. this is only going to get more interesting, but i believe scumbags have drew a line in the sand and will take this to court.
Oh I understand that. I thought 2Late was hinting at the fact that those that bought 205's through the company were in a better position?
So what you are saying is the prudent thing to do is purchase 205's from the company and have those in hand :)
yes. i sent several e-mails to megas back in the day stating that letting BCIT get de-listed was a gigantic mistake IMO! looks like that has come to be true. we shall see. a stock can get re-listed, but in this case all the scumbag regulators are going to do their best to fight it. i think this will eventually go to court IMO. which sucks....
with that said I understand why Megas was hesitant to spend the money to stay current. he saw firsthand how dirty these scumbags are. so i don't blame him for not spending the money. lord knows he had already spent enough money up to that point.
amazing scumbags we are dealing with!
Brick by brick the wall is coming down to shine upon the dirty deeds done here. What amazes me is the level of collusion that is glaringly obvious. I mean these scumbags really are something else.
In geological time "imminent" could be 1,000 years :)
We all understand this is a complex situation! What makes me feel good and has kept me (us) fighting all these years is because we know we were wronged. However long this takes we will win.
If the brokers offer some type of settlement I am sure there will be a disclosure that we cannot come after them after the settlement doc is signed.
Let's trade, pay capital gain taxes to our country and then I will sue them... LOL!
HA! My opinion is that it is only a matter a time. It is also my opinion how scary it is that the so called "regulators" are this dirty.
My conclusion is that the OKC lawsuit is very, very important aspect to this situation. Especially if this gets into a court of law. Unfortunately I do believe that is where we are headed so it is going to take some time, but we will win.
December 2, 2005 /M2 PRESSWIRE/ announced today
The Securities and Exchange Commission has approved an order approving a rule
change for mandatory buy-ins, must receive deliveries and related amendments. On
November 28th the Securities and Exchange Commission approved rule changes to NYSE
Rules 282, 284, 289 and 290. The approved changes permit members and member
organizations to initiate buy-ins, reduce the waiting period to initiate a buy-in from 30
days to 3 days, and to otherwise provide more standardized and consistent buy-in rules
and procedures.
The member firm that initiates the buy-in is now allowed to execute the buy-in within 3
days if the security that is failing to deliver does not arrive by 2:30pm on the 3rd day.
The amendment also ensures that members comply with the closeout requirements of
Regulation SHO. Members are obligated to comply with the marking, locate and
delivery requirements of Regulation SHO for short sales of equity securities. The hope is
that speeding up the forced cover of naked short sales and other failures to deliver will
reduce systemic problems that have led to hundreds of companies appearing on
Regulation SHO Threshold Security lists and nearly $6 billion in failures-to-deliver on
any given day.
In addition, on September 14th, The Depository Trust & Clearing Corporation (DTCC)
announced it had developed a new Web-based system that will standardize and automate
the creation, delivery and tracking of buy-in notices for the securities industry and
provide a single point of entry for brokers sending or receiving buy-in notices.
The new service, offered through The Depository Trust Company (DTC), a subsidiary of
DTCC, is called SMART/Track for Buy-ins and improves upon an earlier DTC system,
the Participant Exchange (PEX) service, which was a messaging facility only for buy-ins.
The new service is subject to regulatory approval.
A large number of buy-in notices of intent are routinely sent out by firms. During an
eight-day period in February, almost 2,300 CNS buy-in notices were transmitted each day
via PEX. During the same period, more than 2,000 non-CNS buy-ins were transmitted
per day through PEX as well.
The new service is expected to streamline and speed up the communication process
Indeed my digital friend! 7 years later hopefully security laws/regulations take effect. Those pesky "clerical errors". Must have faxed a document to the wrong agency.... LOL!
GO BCIT!