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Dab you are all air. Donate to a legal fund to
get some legal expertise on our situation, or
wait for others to do it. There is no alternative
presently.
I can easily emphathize with Megas' view of the
entire US market. It is so bloody corrupt, and
the difficulty of getting an impartial judge or
jury, to see how BCIT was wronged is so huge, that
I think after the world financial difficulties of the past 2 years, Megas wants to make some money,
not get tied down in litigation, further, over BCIT.
However, if the shareholders want to litigate, and
if they can organize a fund among themselves, I
believe Megas would help us. But I don't think he
is ready to do anything on his own, right now. He is
too involved in business, which is his mainstay and
his expertise.
I would feel the same way, if I were he and had been
so meanly used by the DTC and its "global freeze" bs.
I would be thinking to go at them again, but after
a rest, and some time to make some money of the kind that will boost BCIT's share price enough to scare
the pants off any brokers or parties that want to
prevent us from trading at all costs. So I think any further legal action would be in order to
choke up a good settlement.
So far, Scottrade has not removed my BCIT shares,
fwiw. Awaiting the fund to reach $20K. I have donated what amounts to .001865584 per share. Not
a heck of a lot. If the fund grows by membership,
and Megas gets back to Europe and shows interest,
I may donate more. Want to see this litigated.
GO ENERGY SOURCE GO BCIT GO MEGAS
oppy, arrogance sometimes is justified confronted
with silliness and stupidity and incompetence (such
as Mr.Burns exhibited in "dealing" with the SEC).
I got the same run around from Senator Snowe's assistant. Congress is clueless, with a few exceptions
(Ron Paul , for one. ).
If Megas were patient to a fault, he would be all
over telling us what is going down day by day. But
I credit him with better things to do (Business).
When he comes back from PNG and things running smoothly there, OR when the shareholders unite and
fund some kind of legal assault on their own,
we will probably proceed to attack the brokers, the DTCC and the SEC. But meanwhile, we WAIT and there is NOthing more to say, except wild conjecture
and tossing back and forth insults.
A lot of round and round, here. I hope to see
progress, that is, I await Megas next move and/or
the legal fund attaining its minimum required to
go forward. It's clear all regulatory agencies
are under deserving attack, SEC has a lot of
explaining to do.
go BCIT GO MEGAS GO ENERGY SOURCE
\
DOWN WITH THE FED AND DTCC
CLEAN HOUSE AT MMS AND SEC AND DTCC AND FDA AND
SUCH ILK.
yOU WRITE:
"IMO, the wanker letter was a result of Grassley asking TM questions" HUH? WHAT QUESTIONS? THIS IS
PURE< AND ILLOGICAL SPECULATION ON YOUR PART.
And, as such, it is entirely inaccurate.
Megas letter to Burns,
called Burns to account for taking the SEC at its
word, just as everyone did with Madoff. Whereas the SEC is about as honest and disciplinary as MMS. (Or the EPA OR FDA, for that matter. They are all corrupt,
as will be more and more evident as our country continues to flounder).
If money were oil, the SEC and its buddies would
be awash with it and having to launder it assiduously so that it didnt show up like the oil in the GULF (which is harder to hide, but no less toxic).
Megas is the whistle blower, not the offender, here.
And he is not done, as he has stated, letging the SEC and DTCC off the hook.
GO MEGAS GO ENERGY SOURCE GO ATTAWAY
Allez, like your version a lot. Time = interest = our friend, lol. Compounded interest... say 6 years
at 5%, that becomes 34% compounded, I believe. Correct my math if I'm wrong. But would talley up to
a nice little profit, that.
Not dead, just dormant, and with a heck of a lot of
potential as a Mother of All Short Squeezes,
or a large legal settlement, imho.
and, short of that, a great tour of the world,
Greece, UK, Spain, Switzerland, S. Am, Oklahoma,
Australia and Papua New Quinea, not to mention a
strong peek at the rot behind the curtains at Wall Street , DTCC, SEC, and friends. Unbeatable experience ... lol.
Oppy, I never implied Megas needed our nickels.
But a nickel from me is a relative statement of support. Like the pig and the chicken at breakfast: the chicken is supportive, but the pig is committed. And if the pig is to be committeed, I would think
the chickens should at least be involved.
Thanks Oh Bull for the Megas mail. I look forward
to the time we renew our legal challenge. Meanwhile,
Megas, You, I and most, have a life, I would assume,
that, these five years, goes on and engages most of
our efforts. Just putting things in proportion
seems foreign to some on this board who want
ACTION, ....but take no action themselves. Absurd.
All I have heard has been thorugh Oh Bull who keeps in touch, Nothing I have heard has proven false, just that Megas has his hands full with business,
and the law suit in on hold. We know he is in PNG
and working there. If I were he, I would want a breather from legal bills, right now,. So I am supportive of his efforts to make money and establish a revenue flow from a new busines takes time
It's you, dab, that scream the wish that this not trade and that we get distracted and drawn, by you, into a quarrel with Megas rather than our needful focus on those who
did us wrong, the brokers, DTC, and SEC.
Molson, why don't you trust OHBull. What has he ever done to merit your suspicion?
It's not what HE/Megas has done, it is what our
corrupt government agencies have done, that makes me
keep faith with anybody who opposes said agencies.
And, I might add, who has the guts to tell it like it is, referring to Megas letter to Grassley's
silly assistant, Burns.
My take is that it takes time to make money with the PNG set up, and until he does make sufficient money to serve a LONG and expensive lawsuit, he
is not ready to make a legal challenge.
$20K is peanuts compared to what it will cost. $20K
represents whatever shareholders are behind such an effort, and who have enough faith in Megas to
warrant his consideration, and expense on their behalf.
I asked Megas about the pay pal account with OhBull
presiding and he wrote me back that he trusted OhBull
and implying I should as well. So I do. Period.
Doubters are shooting themselve in the foot, imho.
TURN2HIM: Fine, don't support the fund. Go get your own solo legal redress, then. And lots of luck doing
THAT, I might add.....
I'll stick with the wanker approach, which is a FY
to the brokers, DTC, SEC, and anybody who gives a fart what they say, unless it's in front of a judge
or preferably, a JURY of our peers.
Turn2Him, If you have conflict of interest with our CEO, then for sure you are not on board to
take a law suit to the brokers, DTC, and SEC.
You had better start your own legal fund, one which will sue the CEO. I'll have no part in it.
Justice may be slow, but it is immutable and eternal
and, if we are lucky, we may see it in our lifetimes.
If Germany can outlaw naked short selling, perhaps
even the US can show a little spunk and courage.
OHBULL thanks for the update. Only Megashas the integrity and balls to be an international business,
and in energy and gold and copper. Hats off. I hope
he hits the motherload, and sues the pants of the DTCC and SEC. GO MEGAS, GO Energy Souce.
I think you underestimte our CEO. God helps those
who help others. Help us with our legal fund, give
Megas some indication of faith. Of course he doesn't need our money It's symbolic,duh.
What do you need to know, except "when will we get there" type of back seat impatient questions? Besides
the DTCC has us so knit up, the only answers we need should come from a lawyer. I doubt anybody else can
solve this impasse.
I have nothing to ask Megas, that I can't deduce from what he has said over the past year. I hear
goodnews from PNG, and I await the legal fund to swell to required size.
It's been weeks since I emailed Megas and got a reply. I don't like to bother him much. Keep it
terse.
sEC was hell bent on forcing Megas to spend and spend
on filings to no advantage. I agree with Megas
he should not have to file to be allowed to trade. 2Late has the correct take on things. Couldn't have
put it better, myself.
We are Energy Source and we are going to be a real business. Watch out below.
I'd rather be in "cahoots" with our CEO than
with you. I champion the wanker letter, and only wish I had sent it myself. Bunch of feckless
Senators, let the Minerals and Mining guys
walk all over our GUlf of Mexico. Just another
example of regulatory corruption the Senate, and apparently, the President himself, has no clue of the extent of the rot in US regulatory agencies.
GO ENERGY SOURCE
Op, he has already stated that he has not quit.
You should be accepting of statements he has made,
although the PR, coming as it did, BEFORE the
dirty tricks of SEC in delisting us, has to be
seen as something that will take time to deliver,
and may not be possible, without recourse to
a law suit. I read between the lines that Megas
does not want to engage in a lawsuit, just yet, but
that he will, when he has the time. He is not a quitter. It's just that he has business to do,
and does not want to be distracted by a law suit
at the moment.
We, on the other hand--- some of us, have the time
and funds to engage in a lawsuit, but are not willing to go it alone, despite we have Okalahoma
files that can be subpoenaed, etc.
So we wait on what contributions come in to tne legal fund
because if WE shareholders don't show we are earnest,
I doubt Megas is going to rush to rescue us, but,
instead, is going to take his time. This is all
my guess on the situation.
With all the turmoil in Europe, the difficulty of
being assured a flight in or out must have an affect on Megas. These are not normal times.
The more examination the banks connected to Wall STreet undergo, the more corrution surfaces. There is no doubt we have a corrupted marketplace and we
are among its many victims.
I hope Megas succeeds in his difficult business
undertakings in PNG and comes back to surprise his
critics.
Meanwhile I will keep the faith until I hear otherwise. But if they attempt to remove my shares,
I shall, of course, try to do something beyond
waiting around. Perhaps boost my contribution to the legal fund, for one thing.
A few concerned shareholders are compiling a legal fund with which we hope to get an expert opinion
on the value of a lawsuit. Few shareholders seem to
want to participate, and a few persistent bashers
make the tone of this board stident, to say the least.
We await the legal fund attaining $20K, and/or
Megas' return to the continent to perhaps initiate
another round of legal challenges to the DTCC and SEC and brokers. It's slow and up hill, at this point, but so is anybody's path hoping to gain
justice from a corrupt SEC. They are protecting
their friends and watching porn, most of the time.
I know nothing about the PNG licensing process, but if Megas is working there, I have to assume he is
doing so legally. Or are you just assuming it is all a lie, that everything Megas says is a lie, etc.
As for SOL, Megas stated there is no statute of limitations for fraud. And since we were close to
trading, except for "filings", I don't think our chances for justice are toast. But you would need to donate to get a lawyer's opinion, and you haven't done that, so why should you be concerned. When you
hire a lawyer of repute and get a signed statement from same that our chances for justice are nil,
I would have to examine such a statement before I
would believe anything you say, or anyone you
get to proclaim that our chances are expired for justice. I just don't believe it, otherwise. You have not given a red cent to the legal fund. In my mind, therefore, you are hot air.
He has said many times, he has not given up. I
believe him. But between you and me, I do not
expect much until a lawyer is on board, and that is not going to happen until Megas has the time to
devote to it----assumning the lawyer advises we have a good shot at some settlement via the courts or
out of court. A lot of if's. But my anger is
not directed at Megas, but at the SEC and DTCC and
our brokers, so my giving money to the legal fund is just a way I have of satisfying my personal anger and my hope for some form of justice or legal challenge, eventually. It is also my statemnent to
my fellow shareholders that I believe we should
all band together and get legal advice and possibly
bring suit, with or without Megas, although Megas did write that he was supportive of our efforts to
bring suit.
Molson, Megas doesn't need the funds we are donating. It is the evidence of concern and
effort from shareholders that does weigh with him.
Learn to think like a multi millionaire and you might begin to understand Megas.
As for being updated by Oh Bull, yes. The update is
everything is on hold. Megas is working hard in PNG.
The legal fund is pitifully small, but has had a few agumentations.
What more is necessary to know?
Kruy, of course naked short selling is the issue with
BCIT versus the SEC and DTCC. What planet are you on?
Yeah, one has to really worry about the SEC, these days, in case they come up from a session of porn
and actually perform. Three years before Pamela
was indicted. And yet, she is still in business.
The SEC needs to have its heads handed to them,
and communication with them over their rules and threats are all bs.
One doesn't "communicate" with criminals, one sues them.imho.
The spirit of the PR is valiant and pugnacious.
I see no reason this has changed. All I see is that
Megas is busy half way around the world, currently.
But that is likely a situation that can eventually
permit Megas more free time, (work in PNG).
Lack of what info? What info is needed? THe lawyer
will be the source of all future info, imho, and he
is not yet hired due to lack of funds, and Due to Megas current schedule, which does not supply enough
time in Europe to cope with yet another legal fray,
as yet.
no. I don't remember mention of a legal fund in a PR.
But does it really matter? WE obviously need legal help.
I though Megas wrote someone like (Dusty Butler?)
saying he was encouraged to see shareholders wanting
to defend themseles against brokers via a legal
fund, and that this email was AFTER the PR.
And, no, I did not write the PR. The PR is dated,
because the delisting came on and changed the time table. The spirit of the PR remains, but the time table has changed significantly. Everything is
delayed. And the legal fund is malingering.
Molson, It was I solicited funds from shareholders,
not Megas. Megas merely stated in a private email
that he found it encouraging that some shareholders
actually wanted to take some action (legal).
BCIT has a legal history as big as the health care
bill. nobody is going to wade through it concientiously , gratis. Life is too short.
Fructose, Megas is not a $5K kinda guy. When he is in, he will be in big time, imho. When he is
taking a breather, he is not In. You need to wait
for him to finish what he is doing in PNG. Period.
Energy Source, comes first. Then the legal games.
Business first.
Oppy, you need to calm down, imho. First of all,
Megas is not one to repeat himself, and there is no new news yet.
Secondly, Megas is not ready to attend to another
bruising round of legal fees and fight, because he is not in Europe, currently. When he returns to Europe, he will, doubtless, consider going on with Attaway, and those who have contributed to the fund will be due an update, doubtless. We await this.
No amount of chit chat or criticism will stir this
faster. Aftera all, with the pitiful amount donated,
it is clear that, without Megas' funding, nothing will happen. It does no good to berate him, therefore. As all depends on his good will and
his donation of more of his time and money .
I appreciate your dedication, but you misread Megas,
I think. He is not going to chit chat.