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thanks agape....
"the greys" unbelieveable. Once on the greys how does a stock move back up to the prestige of the "pinks"?
thanks.
Suspension lift....are we all fairly certain that BCIT will resume trading again on the 15th or so?
TIA
This guy sure is "ballsy"!
Good post Susie...Important elements of trading to ALWAYS remember...thanks for sharing.
Good morning all!
SunnComm Announces Revolutionary New Hybrid DVD/CD Entertainment Technology
http://biz.yahoo.com/pz/050907/85461.html
tbb
thanks for the welcome rd....hoping we have seen the bottom.
take care!
Haven't had ANY trades for over and hour and a half. Find this unusual being the mmxt vol. was traded such strong volume at the start of the day. Are we halted?
mmxt did not go under .03 as stated earlier...we're actually trading double the average 10d volume of over 500k shares so far. This is fairly substantial volume for this stock...imo
tbb
Question for the "pros".....
What happens "when" the merger does go thru and mmxt is trading significantly less than scmi?
IMO is looks like mmxt is going to see .02 before it's all said and done.
We'd need to get MORE than a 1:1 stock swap in order to remain "whole"....correct?
TIA
tbb
Mario...Welcome back. I hope all is well with family and friends. tbb
berto....are you freakin serious....no less than 10 dollars, this will go like spea"....WOW....you banking on a REAL BIG homerun...glta!
Arabian Recab for Trading Co., Reality Wireless Networks' Merger Partner, Announces Major Quarry Acquisition
Tuesday September 6, 10:01 am ET
GIG HARBOR, Wash.--(BUSINESS WIRE)--Sept. 6, 2005--Arabian Recab for Trading Co. ("Recab International"), the merger partner of Reality Wireless Networks, Inc. (OTCBB:RWNW - News; "Reality") announced that its mining division ("ARCO-MINE") has acquired a business that operates one of Saudi Arabia's major granite quarries. Recab International anticipates generating $7 million of annual revenue from this acquisition.
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The quarry acquired has one of the most internationally sought after quality and color of granite called "Najran Brown." This type of granite is only available from Saudi Arabia and there is a perpetual shortage internationally of this quality leading to high selling price and one of the best returns in the business.
Recab International plans to increase the present production rate of this quarry threefold to over 10,000 cubic meters per annum, which will reduce the per unit production cost and increase the profitability. The current export price of the Granite is about $700 per cubic meter (with current costs of approximately $250 per cubic meter). Demand for the granite comes primarily from Italy and China.
Recab International anticipates a $3.3 million profit to be generated from producing 10,000 cubic meters over a twelve month period.
Factory
ARCO-MINE has also acquired a marble and granite cutting and polishing factory in Jeddah, Saudi Arabia. This factory currently has a capacity of producing 2,000 square meters of granite and marble. It is expected that within a period of 6 months this capacity will be expanded to 6,000 square meters.
The end product of this factory, which is "Fabricated Granite and Marble" (polished and cut to size slabs and tiles), is exported mainly to the Unites States and Canadian building market. The local market for slabs and tiles in the Arabian Gulf area is also very strong due to the construction boom in the Middle East.
legaltx...""Only intuition can save you from the most dangerous individual of all, the articulate incompetent." Oh, how very very wise.
thanks again.
tbb
Dexx....
Thank you for the great explanation. I guess at this point we have to all hope the "buy-in" is the SEC's agreed upon "best way" approach to handle the situation and begin to move forward allowing Megas to go back to running his company w/o all of this kaos.
Enjoy your weekend and thanks again.
tbb
legaltx...thanks for the pm. This is a very different situation for all involved....in the end we're all just speculating at this point. Some with more knowledge than others but speculating all the same.
take care to all and enjoy your weekends.
tbb
You make very good points serf.
legaltx...pardon a dumb question then...how can we compare the two and model the outcome of BCIT after the outcome of GLKC...wouldn't/aren't the two situations be completely different?
Please don't get me wrong...I am very well aware that investors such as yourself, serf, dusty, art, LUCE and everyone else know far more than I ... am just trying to get clarification and make sense of it all.
thanks.
tbb
thanks serf...
fructose...I do get what everyone is saying and am hoping it's all as easy as a forced buy-in we all refer too.
Our ability to really know the outcome seems so simple and straightforward but my gutt is telling me it's not as simple as a forced buy-in by the mm's. We've modeled the events much off of the GLKC's outcome, but that stock was never halted. Granted we may begin trading again in 10 days or so, but have you asked why was BCIT halted and the other was not.
I don't feel the certainty yet that many many others do and am NOT trying to be a downer or a doubter...
If my questions both you...just iggy me....take care.
tbb
Dexx, I'd asked a couple of questions regarding how we as shareholders go about trading out our shares. Will trading resume and we can trade out as their will be a directed buy-in effort to retrieve all of the shares...OR...how in the world w/o notifying our brokers of the forged certificates are we made "whole" again...or will we. I had many helpful posts and would be interested to know your thoughts and opinions too. Thanks for the offer of feedback.
take care,
tbb
thank you to everyone for your thoughts and comments...I much appreciate them all.
enjoy!
tbb
serfdom...I completely "hear" your point and have NOT said anything. My 3 day trading settlement has passed and the shares are still indicated to be held in the account. I am confused about the 13 day period that i've seen posted...what exactly does it mean?
Thanks for your information.
tbb
Ijk..."No one knows how this will be resolved.
What I'd like to know is this: What is a finite share exchange and what is the Customer Protection Rule, exactly.
In my view, that's the official information and getting that stuff defined would be pertinent to our future."
Very good question to have explained in layman's terms. Everything i've read on it has reference to so many other rules that you have to backtrack on that it gets a bit confusing.
tia
Assuming the 1mm shares are in the float...the mm's will have to raise the pps to a price us shareholders are inclined to sell and hold the received shares for verification of authenticity? It'd be interesting to know who all has legitimate shares and who's are fake....
What if all the legitimate shares can never be fully accounted for?
thanks.
ruff...so to remedy the situation we as shareholders have to all go to our brokers and tell them we've been made aware that the BCIT shares held in the accounts are most likely counterfeit/forged shares?
I'd much prefer the stock to begin trading again and just trade out of the position. My broker doesn't care for my "risk tolerance" and everytime I trade a stock have to sign off on a letter stipulating they only acted as agent to assume the trade and that the purchase was not suggested nor solicited by my broker not by anyone connected with the company. It's a fullservice account.
TIA again!
tbb
rruff...do we as indivudual shareholders have to go to our brokers and show/prove the shares to be forgeries...what are the exact legistics of what we all have to do individually?
much thanks.
2 Questions.....Dusty, fringe or LUCE
Do we know for certain if the stock will begin trading again after the 10 day halt period ends? And secondly, if trading resumes, will we be able to trade all of these forged shares out of our account and either become "whole" again or retain any profit from the trade?
I'm trying to determine if people are going to have to "pursue" their individual brokers to get accountability for the forged shares in peoples accounts.
thanks.
tbb
Who is this "mario" guy that is being referred to?
CMLuce.....
Enjoyed your take on the situation. You made a couple of references that I found especially interesting.
"Thank god he's a real guy unlike scumbags like LoCastro, Casavant, Peacock, or the Peter Jacobs of this world.
The rest will be PR'd once the SEC figures out how to handle the Pino situation. For those unaware, there was an ongoing investigation concerning Mario's MLON pump and the pumpers who helped Mario pull off MLON. That is why the SEC response was quicker than you saw with other stocks. There is also an active grand jury looking at over 30 penny stock pump and dumps and the paid touts who helped."
Peter Jacobs....same as with Sunncomm?
Mario...is this Mario Ike?
What experience do you have with either. I'm invested in SCMI and have spoke with Mario Ike several times...seems like a nice guy.
thanks and good trading.
tbb
alynnb...can you decifer if that was a halt the week of sept. 7th?
tbb
Talk about today S*cking BIG TIME! What is one to even say....
thanks dusty...
Dusty...I'm not able to PM...could we exchange emails...mindyclem@aol.com.
thanks.
tbb
npoz...2 trades settled on 8/24 and 3 trades on 8/26...has anyone else on the board checked with Cindy on whether their shares are on the registry?
thanks again.
Dusty and Fringe: Email correspondence with T.Megas and Cindy at Pacific...Not sure what to make of the feedback I got. Does this make sense to either of you....thanks a bunch!
tbb
Correspondence with Cindy at Pacific Stock Transfer
Mindy,
I have an email in to Thomas Megas regarding what I need to tell you because we have been informed that any questions regarding this company to give them his email address.
Mindy,
We are not showing that you are a shareholder of record. If you are a new shareholder, we would not show that.
Cindy Sylvester
Correspondence with Tom Megas:
we both are new to this situation, it depends on what type of shares you
hold, suggest e mail pacific stock transfer attention edith who can let you
know whether your shares are on the registry,
best regards
thomas megas
>From:
>To: tpm14@hotmail.com
>Subject: Shareholder Question
>Date: Mon, 29 Aug 2005 13:52:26 EDT
>
>Mr. Megas,
>
>Am I corrent that you are the CEO of Bancorp Internation Group?
>
>I am a shareholder of BCIT and am concerned of the recent trading
>activity.
>I have heard and been told that an individual has forged illegal shares of
>your company and that you are trying to resolve this issue.
>
>Could you please elaborate as to how this affects me as a shareholder?
>Should I be advised to hold my shares or sell them. I became intrigued
>with your
>company over reverse merger news of your realesate holdings becoming a
>part
>of Bancorp.
>
>Recognizing pink sheet stocks are highly speculative, I've simply never
>encountered or even heard of such a situtation taking place.
>
>Much thanks.
>
>Sincerely,
>BCIT Shareholder
Dusty...was your post to sublime intended for tbb? the one about printing off stock account....thanks.
fringe, dusty, maid and other longs...email t.megas this afternoon inquiring as to the current situation. He did not really say much other than to check with the pacifistock as to whether my shares are on the registry. What exactly does that mean. I do know that my account has settled...much thanks.
sincerely,
tbb
L2 .031x.035 trades exchanging at .032