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hahaha. Man thats what sane people think, not people here.
For the record, Fidelity hasn't made me any offers. I still have the have the stock in my account with a six digit number instead of a trading symbol.
This topic is a perfect example of the unbelievable riddles, dodges and slights of phrasing that have me glued to this board. Its unbelievable. What is the motive, motivation and reason for the continued following of this revoked stock? Its amazing to me. Its sure entertaining, I feel like I'm getting my money's worth for the legal fees I put out to defend myself against the lawsuit in entertainment value.
No I don't think he's waiting for that
the last action Megas took was to sue me and try to get my shares.
Will they find any BCIT shares here?
Personally, I doubt it seriously.
What's the statute of limitations on that crime?
Yes, I know. Its fascinating.
To most people, Laker's communication is just common sense.
Guess that makes it official then. What a weird ride this one turned out to be.
Its amazing that anyone still cares.
This board is extremely valuable. Do you know why? Anytime I get the inkling to buy some penny stock, I come back and read the latest posts on this board. After about 2 or 3 pages, the urge subsides.
I am regularly astounded at some of the posts on here.
Apparently the source of this info is the latest PR from Megas.
Would be an exotic type of write off and yes the dollar amount would impact the motivation to do it at all.
I bet a lot of possibilities would work. This could give Megas the money he needs to comply with the reporting requirements he is delinquent on. The payback for successful compliance needs to be a guarantee from the SEC of the removal of the trading restriction.
I would consult a CPA before writing off a donation to BCIT.
Preferred would work. I'm pretty sure he could do a private offering too. The stock would have to be another Class. These would be restricted as "non-trading" until BCIT can trade publically.
People are currently giving the company money for nothing. How about he gives you 10 shares for $100. Thats $10 a share right there. Could he get it? Why not try?
Hey Megas, have a private stock offering. Set the price for your common.
Untrue, a lot of private companies issue shares all the time. They aren't publically traded.
Shareholders are technically owners of the company. So supporting the company is understandable. Usually though stockholders are given shares or make a loan to a company in exchange for cash. Why doesn't Megas issue shares for these legal fees and other corporate expenses? They can be another class of shares or even preferred. Something to think about.
What's that got to do with the ability to file?
Nothing at all to do with ability. There is an excuse as to why the cost and effort was not expended. BCIT is a defacto private company. There is no stock for the SEC to monitor or regulate, as it does not trade publically. Therefore, no filings.
File an answer saying filings were delayed due to lack of ability to trade the common stock. Then request an extension to get the filings up to date with an agreement with the SEC to let the common trade upon completion. That's how I would approach it. Let all that counterfeit share stuff go.
The share structure is what the board authorized. That's what I would attest to. The rest has always been out of his control. Allegedly.
Megas can get an extension for more time to get the filings up to date pretty easily imo. But will he follow through. Past actions say the chances are slim.
I don't see any reference to that on there.
Has anyone had Ameritrade recently remove their BCIT shares from their account without prior notice or any explanation?
Anyone think the DTCC won't let it trade because the bad guys will be able to cash out too? Does the Pino gang still have shares? Just curious if this has been discussed.
In this situation, R/S has no effect.
Doesn't matter. What paper there is shall be shorted by the MM until they can buy it back cheaper. Eventually equilibrium. They aren't going to lose anything. Probably will make money.
Of course, this means the shares could trade up to wherever. $10? 20? 30?. This is what most bought for back in June of whenever that was. The Big Squeeze. This possibility has just been delayed imo.
That would end up costing the brokers more imo. By just letting it trade they can escape without any out of pocket at all. Just by MM doing what MM do.
Anyone think its worth the time to try to get certs now from Fido, since they are listing the symbol now? Anyone try this anywhere lately?
Here's the response from a Fidelity Rep as of last night regarding why the shares are active:
" Currently, our back office has no recent news as to why the shares have become active again. However, they did say that this information may become available over the next few days."
I'm a little paranoid due to past events, but also a little tongue in cheek on my litigation question.
I think karma can serve the long suffering shareholders by having it trade again. One can recoup thier investment and their legal fees.
I am heartened by Fidelity moving from a cusip to a trading symbol. I believe that is significant, although I haven't heard back from them yet on the reason.
LOL. OK turn. I can't argue with those thoughts because I think you are right. However, it has nothing to do really with my original question. Jeez, you are all so metaphysical on here lately.
And exactly how did I expose myself by using the word cronies? When did I say anything about not wanting the stock to trade?
Didn't ask about lightning or a puerile sermon on the guarantees in life. Referring to a lawsuit you might initiate, for whatever reason, who is to know. Megas sued his stockholders. A real first.
Since you apparently run the site, like you patrol this one, you could be the one to sue. Since you are not willing to say you are not, says a lot imo. Shareholders, in case you think I'm as dense as the blockheads on here, include megas and his cronies.
I am not trying to offend, there is simply nothing one can do about it. Its chasing shadows. That said, maybe there is a real opportunity brewing for selling and getting out of this dog.
Just saying, there has to be a reason it went from cusip to symbol. I don't know what that is. But no matter what has transpired, this is to me the only thing worthwhile to investigate right now. In other words, I don't care about DTCC. I don't care about SEC. I don't care about Megas.
I'm starting to sound like a Lennon song.
I just care about the right now and whether this is going to lead to open trading or not.
Can you guarantee I won't be sued?