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To all BCIT shareholders
(from Todd Lahr)
I HAVE BEEN TRYING TO GET THIS EMAIL OUT
PLEASE DO NOT WORRY IF YOU SENT INFORMATION TO THE LAW FIRM AND DID NOT GET AN IMMEDIATE RESPONSE FROM THEM. THE IMPORTANT THING IS FOR SHAREHOLDERS TO GET THEM POST LOCK TRADING INFORMATION.
Please be assured that things are moving forward for all the shareholders of Bancorp International Group, Inc. As I mentioned in my email on April 29, 2016 and the one on May 1, 2016, at this time Bernstein Liebhard LLP is trying to get a global view of things on Bancorp International Group. At this moment, however, they are focused primarily on the post lock traded shares. Bernstein Liebhard, LLP set up a dedicated email address for the BCIT shareholders. The special dedicated email address is BancorpInvestor@bernlieb.com.
This Email is a repeat email and an encouragement for everyone to provide information on any post lock purchased and sold BCIT shares to the Law Firm if you have not done so already.
If you purchased Bancorp shares on or after August 11, 2005 and have not been and are currently not involved in any litigation or arbitration against your broker and are interested in Bernstein Liebhard LLP evaluating your potential claims, please email your contact information and Bancorp trading confirmations to BancorpInvestor@bernlieb.com. This is a special email address dedicated to Bancorp International Group, Inc. shareholders that wish to provide their information to this law firm. I request that you avoid calling the law firm. Please note, by emailing Bernstein Liebhard you are consenting to the firm contacting you about your potential claims but you have no obligation to use Bernstein Liebhard on this matter.
I am hopeful that once the firm can evaluate matters that this may be expanded so an evaluation can be conducted on all trades that took place on BCIT since most of us had purchased BCIT shares before August 11, 2005. I never wanted any shareholder to feel like they had to pay any upfront fees or feel like they are going to be left behind if they did not pay an upfront fee. We want to do everything we can so all the shareholders can benefit from these efforts. The strength of any action against the brokers comes from the shareholders working and sticking together on this matter. I have to stress again however that at this time the law firm is trying to evaluate this matter based on the post lock trading only that occurred here with BCIT which is specifically any trades made on or after August 11, 2005.
Bernstein Liebhard is located in New York and has been representing investors in litigation for over two decades. I am happy that a law firm of this caliber has taken the time to listen to me provide some of the history of the Bancorp International Group, Inc. back in November 2015 and I am very excited that this firm is interested in doing further evaluation on this matter. It was a detailed process that the law firm had to undertake to reach this point. The firm was recently named - for the 13th year - to the National Law Journal’s “Plaintiffs’ Hot List.” If you would like to learn more about Bernstein Liebhard you can visit their website at http://www.bernlieb.com. I encourage every shareholder to read and learn more about this law firm from their website.
Many shareholders have been providing a lot of information and there is a list of over 1200 shareholders although we are cross-checking to get the addresses for all of those shareholders. It is nearly impossible to get an email address for every shareholder but the more shareholders that we are able to communicate with the better it will be for all the shareholders. We push on.
Best,
Todd
I agree, I posted that for
informational purposes only.
But it does look like Redemption is buying out BCIT......
should be an interesting process, especially for those short lol!
this is interesting from Redemption Global Holdings for BCIT shares:
http://www.redemptionglobalholdings.com/offers.html
http://www.livetradingnews.com/bancorp-international-bcit-receives-bid-what-to-do-now-123654.htm#.VkDBbv6CQVY.mailto
Bancorp International BCIT Receives Bid, What to Do Now
It’s official Bancorp International BCIT is being bought by Redemption Global Holdings SA in a take over that will send the shorters running for the hills!
Here is what the Board said yesterday “There has been a share exchange bid from Redemption Global Holdings SA for the common stock of BCIT. The management of BCIT is currently studying this offer. We recommend that BCIT shareholders do nothing until the company has been able to ascertain whether it considers accepting the bid is in the best interests of the shareholders.” The board of Directors Bancorp International Group, Inc.
If you own any BCIT I suggest you get it, pull it out of your brokerage account, order that Certificate ASAP.
Brokers are short the stock and they have already settled on some of those shorts as a result of Court orders. So call your Broker and ask for your Certificate.
If you want to follow up with the Company contact
Redemption Global Holdings S.A.
Principal Floor DCHA 2
235 Calle Arragon
Barcelona 08007
Spain
Email: redemptionglobalholdings@gmail.com
The short interest in BCIT could be around 1b shares, the stock might be worth as much as $8.25 per share, THE SHORT SQUEEZE OF THE CENTURY.
Is there an offer coming? Now it there is!
Here is the history from http://www.let-bcit-trade.com/
The Corporate Identity Theft – A Company gets stolen
As the Securities Exchange Commission (SEC) claimed in Litigation Release No. 20466 Bancorp International Group, Inc., BCIT, (the “Company”), was a victim of corporate identity theft in 2005. Between May and August 2005, the market was flooded with 41 counterfeit stock certificates representing approximately 245,000,000 shares. These counterfeit certificates were produced by fraudsters Mario Pino and Pamela J Thomson.
These shares were then introduced and cleared into the public markets by brokers J.H. Darbie (Darbie) and Capital Growth Financial (CGF), and ultimately the Depository Trust and Clearing Corporation (DTCC), the private corporation and self regulated organization (SRO) mandated by Congress for the clearing and settlement of security trades. The number of these counterfeit shares exceeded the easily verifiable legal outstanding share count of 4,890,000 by a factor of fifty.
Due to the appearance of these counterfeit shares and the huge unexplained increase in trading volume (from May to August 2005 the company’s trading volume was 2,076,500,035 shares – 424 times the shares outstanding and 1892 times the shares in the legal public float), the company contacted the SEC, the Financial Industry Regulatory Authority (FINRA, then NASD) and the DTCC to alert them of the anomalous trading activity. Subsequently, due to questions arising about the certainty of the company’s capital structure, the DTCC suspended clearing services on August 11, 2005 though the stock continued to publicly trade until August 31, 2005 when the SEC announced a temporary suspension of trading in the company’s shares from 9:30 a.m. on August 31, 2005, and terminating at 11:59 p.m. on September 14, 2005.
very nice.........
I bet some brokers would gladly pay us Tuesday for a Harolds hamburger today lol~
Franchising opportunity it looks like.
Most importantly, for the first time BCIT now has asset(s), this is big.
all the brokers that hold BCIT
for their clients electronically are doing everything they can to delay any and all efforts to get BCIT trading again, it is their main objective.
Broker malfeasance comes to mind.
I am not a TD client, but if they manage to convince a judge to open my or anybody elses files that were sealed by the court they will have a lawsuit against them in *short* order lol~
BCIT now listed as "Active", in Nevada,
http://nvsos.gov/sosentitysearch/CorpDetails.aspx?lx8nvq=o7z3K8dqRyNPEJHXnelUxw%253d%253d&nt7=0
Things must be getting ready to start up again......
Bring it on Megas,let's go!
I'd say we're in good company,
quitting at this point is not an option, ever~
Just the beginning, time to put the past behind and never ever forget it though.
BCIT is on it's way, by the sounds of things all the way to the South Pacific, down Bougainville way.
Let 'er rip, lol!
BCIT: I like the sound of that,
"NOTHING.........can stop this onslaught of free capitalism"
lmao~
I bought some BCIT shares earlier this year too,
and I paid .03 a share for them.
They are not for sale either.
Therefore my electronically held BCIT shares are worth that much to me as well.
With the amount I hold, it's far from worthless, as some here would like you to believe.
Funny thing though, my broker has more excuses as to why they cannot get me a cert for my position I hold with them, even though I pointed out that all they have to do is call Empire and swap out what they are supposed to have for what I want, and am legally entitled to, simple.
absolutely right,
that paragraph tells it all.
This pr is squarely aimed at the market professionals who have not turned in their 106 certs, the same market professionals listed in a previous pr for BCIT.
The rest of us are Beneficial Owners and/or hold 205 certs, and need only count the days to the 15th and watch what happens afterwards.
now that is some fine news~
One week to turn in your 106 certs, tic toc.....
Since this is a Nevada incorporated company, the company has some very distinct advantages and options when it comes to straightening this out, looks to me like they got the lawyer to do just that!
BCIT taking it to them, I couldn't be happier :)
Well by the looks of the smoke signal I'm seeing,
I'd say we see a pr Thursday.
Keep yer eyes peeled.
Y'all have a nice day.
and finra never processed those changes,
this led to a third cusip and why some other company named Energy Source got revoked, not Bancorp International Group.
Amazing the malfeasance by Finra and the SEC when it came to this company.
just like I thought,
no link for Bancorp International Group revocation, company was never legally called Energy Source, try to keep up.
Finra failed to do their job, and process the name change, therefore the SEC revoked the wrong company, and tried to cover it up with an email apparently, we all know that don't count.
BCIT was never revoked,
some other company called Energy Source was, and if one had read the last pr they would know that this company was not called Energy Source, as apparently Finra didn't process that particular request.
No matter how hard the brokers try, BCIT was not revoked, much to their chagrin.
Please show me the link that to Bancorp International Group revocation, bet ya can't.
another fine BCIT pr,
I hear that Broadridge outfit is the best place to find out the ah...."discrepancies" that may or may not be on the brokers obo/nobo lists.
Good for TM and CH taking this course, this will settle a few 'issues', so to speak.
from todays pr:
"The company is not now known as Energy Source and has never legally been called Energy Source Inc"
Just because the SEC revoked some other company they cannot revoke this company without it's own revocation hearing, that's the law.
BCIT was never revoked, period.
BCIT is not revoked,
some other company was, not this one, so the SEC should post the filings, period.
Nice to see there are 205's available and the Transfer Agent is Empire, fact.
Brokers running out of nonsense excuses.
Brilliant move Megas and CH, well done.
much obliged sir,
that is one heck of a press release for BCIT, out around the time I reckoned it would be.
Thanks for posting, I'm sure that made my broker's morning coffee even more bitter than usual!
Y'all have a nice day.
I hear there's a BCIT pr on the way,
about 3 AM EST Friday morning, may want to be on the lookout if you're up early or just getting home from the bar.
Y'all have a nice evening.
thank you mastaflash,
long time shareholder, thought I'd sign up and comment once in awhile now that things with BCIT are heating up.
BCIT looking good,
ET in breach of contract, steady progress being made, can't wait to see what's next...