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after reading the lastest filing not much has changed but the 1B plus O/S and this from the original lawsuit.
In addition, the Settlement Agreement Deeb, Intelligent Message Distributors, and Wall Street Group/Mario Pino acknowledged that they owed to BCIT approximately $16,500, $36,800, and $73,000, respectively, and agreed to pay such amounts to the Company as partial consideration for the issuance of the Newly Issued Shares to JH Darbie & Co. and Capital Growth Financial, L.L.C. Each of Deeb, Intelligent Message Distributors and Wall Street Group, L.L.C./Mario Pino have failed to pay such amounts, and the Company is pursuing collection of the same.
The Defendants, Grace Trust, Charles Weller, and Felica Morales (“Non-Settling Defendants”), did not execute the settlement agreement and accordingly did not settle the claims asserted against them in the Civil Litigation. In February 2006, we received judgments against the Non-Settling Defendants, other than The Grace Trust, and are currently pursuing collection of these judgments.
Wow doesn't look good here but in a R/S or F/S doesn't a broker have to surrender certs for the the new certs? TIA
OT: E-Trade ETFC another down grade $2.00 ouch.eom
OT:E-trade just fired their Div President funny he started work Jan 05..lol
I'm thinking that there needs to be a filing of some kind about a change in transfer agent before BCIT is allowed to trade by the DTCC,hoping it will be in next filings out.
GVRP can't be compared to BCIT because I received my certs for GVRP ..LOL
Great DD over there IV,glad to see this board active,been doing the same building a bigger position with each mm run down.
I'm back to watching the grass grow and will be dropping by here from time to time.Good days ahead longs imo.
Wyn
OT:Looks like one brokers problems are just heating up here.
Glancy Binkow & Goldberg LLP, Representing Investors Who Purchased E-TRADE Financial Corporation, Announces Class Action Lawsuit and Seeks to Recover Losses
http://biz.yahoo.com/pz/071031/130277.html
Most likely 35 trading days,couple of holidays next month the end of the first week in Dec.imo
The last O/S was 525M and change seems like a increase of 31M.eom
Your not alone been holding since Feb,glty
Securities Firms Elect Seven Industry Governors to FINRA Board of Governors
This isn't a surprise....LOL
Mid-Size Firms (those with 151 to 499 registered representatives) elected one Governor: W. Dennis Ferguson, Executive Vice President and Director of Clearing, Sterne, Agee & Leach, Inc
http://www.finra.org/PressRoom/NewsReleases/2007NewsReleases/P037278
More info on the court site.eom
10-19-2007 MO - 52378035 Oct 24 2007 10:14:43:203AM - $ 0.00
ROBERT DENOT ARISTEF ANI'S MOTION FOR EXPUNGEMENT OR OTHER RELIEF
Just added nice day longs.eom
New info posted on court site today looks like Nov 1th is the next date.eom
OT:nwsun,last month they hacked into monster.com and also got millions of ppls data there also who's next I wonder.
OT:Ameritrade hacked into customers info stolen .eom
look who's name shows up on this filing down a first page or 2
http://www.secinfo.com/drNmr.z3c.d.htm
You know they say people start looking like their dogs.
http://www.cweller.com/attorneyprofile.html
And this guy was 3th on the lawsuit list as owning shares.eom
Industry Gears Up for Automation of Stock Loan Recalls
http://www.dtcc.com/news/newsletters/dtcc/2007/jun/stock_loan_recalls.php
I think it would be illegal for brokers to be sending their mostly fakes any where in exchange for new ones.imo
Grasswhacker,In my e-mail I got back from TM this weekend when asked about the original lawsuit and if any party settled with the 205 shares he said..No Settlement!
So I will believe him till I hear different.
If their is a settlement with a few party's pending the release of the 205 shares by the dtc we will have to wait and see as of now no go.
Has Pino finished paying up BCIT Megas per the lawsuit garnisment order??
Can Megas,walk away with the defendents money and say sorry we did all we could do to get the dtc to accept the new 205 shares?
I highly doubt Megas,would give any shares to B/M till all the money due him was collected and fake shares return imo.
Megas,only has to make the 205 shares reasonably acceptable to the DTC and CG and other party's just need to reasonably return all the fakes they can.
I for one hope there is no settlement of 205 shares and the dilition of 244m +- shares for shareholders even it if means not trading till this mess is finally cleared up
Grasswacker,no settlement on 205 shares no 244M shares.
Megas and company holds all or mostly all of shares now.imo
Glaszman,would they answer if your name appears on their records.tia
Hope Megas buys a empty shell and reads the fine print starts over.eom
We care that 244m +- shares in the settlement are now reduced to -0- the Squeeze is now 244m X's what it was,that' the eruption all in my opinion.eom
Glad your one of us now.eom
why "we" aren't trading then
Zdon,I see that both lawsuits are now "closed" some mopping up of the floors and turning out the lights about it imo.
Megas,now can move ahead in another any # of directions r/s, f/s divi,r/m or even other lawsuits we will just have to wait and see if it's big enough to get the dtcc to clear trades imo.
Yup your right they just loan them from one firm to another
What perfect timing for a stock loan note the "date" lol
http://www.dtc.org/impNtc/com/com_8139.pdf
NF clearing is now part of "Fidelity investments"
http://www.dtcc.com/downloads/legal/imp_notices/2006/nscc/a6190.pdf
http://www.bizjournals.com/milwaukee/stories/2005/03/21/daily38.html
http://philadelphia.bizjournals.com/philadelphia/stories/2006/03/27/daily30.html
Looks like its closed finally!
Filed: 09/21/2005
Closed: 08/20/2007
Tomorrow Aug 16th is the 2nd anniversary of the DTCC memo to members not clearing trades.
https://portal.dtcc.com/cre1/dtcorgapp/cusipSearchs.do
Someone call this guy
http://www.outlookseries.com/news/Security/3918.htm
2 players in BCIT lawsuit also with ties to the Darrel Uselton scam,Barron Moore and NF clearing.
Among others, the Useltons controlled accounts at TD Ameritrade; Scottrade Financial Services; Penson Financial Services; Leeb/Pershing Securities; E*Trade Securities; Fidelity Investments; Barron Moore/Computer Clearing Services Inc.; and Basic Investors/NF Clearing Inc
http://www.stockhouse.com/bullboards/viewmessage.asp?no=15251931&tableid=1
Have a look at Uselton here
http://www.outlookseries.com/news/Security/3918.htm
Megas,mail to mcobra says he has lots to do and is confidential,
Well wonder if that confidential info will be in the next filing.?
GFC going into effect in Oct "WE BELIEVE" Cox said.eom
Anyone have any idea what PBLS's profit margins are on a metric ton? tia
I'm really surprised no one has contacted that American Greed TV show asking them to look into doing a whole series on just CMKX,what a show that would be could you imagine the ratings
The DTCC has a new CEO in place as of yesterday hopefully he can clean up NS mess left him my Jill.eom