Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
OptionsXpress removed my BCIT stock from my account many years' ago. But I requested them to put it back & they did it exactly as per my request till to-date.
I am going to sue them if they removed my stock from my account. Should there be trading, they will be sued at the highest trading BCIT price plus compensation as well as the court deemed fit.
Post lock, the brokers must acquire the shares they should have had at the time they traded as these trades are nothing to do with DTCC. They cannot offer a straight refund due to the fraud element of what they have done.
Agreed - After "post-lock", all naked-short selling must cover their position from the open market. I wonder approximately how many shares need to cover.............This is a fair game play.
What is the latest news update ? Is this stock dead or alive ? Appreciate if someone can feedback on this matter.....Thanks.
High time someone to seek lawyer to go after the crooks. BCIT is going to trade again after 7 long years hibernating..........
Naked shorts are required to cover their position. This is the most fundamental basic rules for stock trading.
I suggest we should all start off between USD 1.00 to USD 10.00 for our seven long years of stress. It is time for them to payback from their gold mine; also obtained in similar fashion from other OTC stocks.
Their luck runs out from TM who is making it right from wrong. Time is on our side !!!!!!!!!!!!!!
CH-Smartest answer right to the point. If BCIT shares are of no value then the brokers could have easily delivered them.
Yes, BCIT shares are now of High Value. It is payback time for shorts to cover their position & stop telling white-lies.
So far, CH & the team are doing a wonderful job to clear up the mess & to make it right for BCIT to trade again in the near future.
God Bless.
Any update on business status ? or rather an empty shell......
We have to act as a Group under CarltonH umbrella as individually the broker doesn't bother about us. I believe that the matter can only resolve thro' court in line with enforcement of regulatory provision regarding naked shorts. WE WANT BCIT TO RECOMMENCE TRADING !!!!!!
Is there any lawyer following up whether any foul play that suspended this stock ?
BCIT case is now going to be resolved soon cos' it is very effective to have lawyer following up the case.
Why the stock suspended ? Is there any foul play or heavy naked shorts etc....when going to resume trading !!!!
Is it due to heavy sell-short that pulled down PPS into the drain ? I wonder..............
Recently, BCIT case is going to be resolved soon as the CEO has hired the lawyer Carlton Huxley to take up the case.
I just wondering why so many pennystocks become worthless
Could it be heavy short-sell GMSC shares until GMSC PPS goes down the drain........Can anyone comment on this or any truth in it ?
There is one (BCIT) currently going to be resolved soon as the CEO has engaged the lawyer Carlton Huxley to look into "short-sell" matter
Could it be heavy short-sell GMSC shares until GMSC PPS goes down the drain........Can anyone comment on this or any truth in it ?
BCIT shares will be resolved soon as the CEO engaged the lawyer Carlton Huxley to look into "short-sell" matter
For those who would want to comment on OptionsXpress Message - see below for details. Thanks.
Please be advised that we do not issue physical securities that are Direct Registration System (DRS) eligible. There is a $150.00 fee to request a stock certificate. To request a physical certificate, you must fax in a signed Letter of Authorization requesting the stock certificate to our Cashiering Department. On this fax, please include the account number, stock symbol, stock description and the number of shares. The estimated time for a stock certificate to be delivered to you is two to four weeks. Thank you for your cooperation.
By right, every broker should declare to the Company BCIT whether they have valid shares, fake shares or naked-shorts rather than through individual shareholder @ a total of 1100 shareholders.
Calton should write to every broker to declare their status and then, resolve this matter a whole package deal - one by one thro' the court.
I believe they have all our database thro' the previous summons on all shareholders and their respective broker involved.
Those who want to settle this matter, a fixed price (compensated fixed price per share plus cummulated 10% interest/year) will be offered to them. Of course, the lawyer fees will be duly paid for each case depending on the no. of shares etc the remaining sum remited to each shareholder accordingly.
Those brokers who fail to resolve this matter will face the music in open market trading.
You seemed to give a "valid" reason - if I go ahead and then, most likely be cheated. At the end of the day, they got hold of my possessing fees and I look like a "fool".
We jolly well know that most likely they can't deliver those BCIT certificates.
I am very confused !!!!!!!!!!!!!
SEC Response
Dear Ms. Lim:
Your email to Mr. Kotz has been forwarded to my Office for a response. I apologize for the delay in responding.
We wanted to let you know we appreciate that you have taken the time to write the SEC and to share with us your concerns.
Sincerely,
Bob Greene
Investor Counsel
Securities and Exchange Commission
Office of Investor Education & Advocacy
202-551-6331
.....................................................
From: stan1886@yahoo.com
To: OIG
Subject: BCIT Shares
Dear H. David Kotz ,
Can you please get this stock BCIT sought out and be tradeable again.....We want the stock exchange to be respected and have confidence by the investors.
All Naked Short Sellers (nss) have to buy-back as it is a mandatory requirement in the stock-exchange rules.
We need your assistance to expedite this stock, BCIT for normal trading again.
Regards....Shirley Lim
Very good observation :-
The assets' value should be a lot more than the amount of taxes you paid. It looks like CBAY got good prospect !!!!
In short, we would expect CBAY still got good assets' value......
But, Bashers still claiming of no-value assets - Must be joking
A very simple reason is everyone wanted to buy cheap shares but can't get them for weeks.......I am also on the list each and everyday - don't seem to be enough but want some more !!!
My request, pleased do not sell shares in quantity of 1,000 shares but rather in lot of a Million since it is so cheap that everyone can afford to buy them.
I believe that any good news, everyone will start chasing for it - Herd Mentality !!!!!!!! I am also one of them.
Even though, the OS stated in many web-sites as 41M which I really don't think so....in case, if is really so or the number is being kept small, it will be explosive !!! I will be the first one to chase after this stock - well, it is in my blood...can't resist to have more shares.
Looking forward to the filing soon
At this stage, there is no evidence of a so-called "Pump" but rather on an accummulation phase. Lucky ones are those who will get these cheap shares.......The cheapest I can get is at 0.0002
alynnb - I fully agreed with your statement "Nobody wants to 'register a claim', when they don't even have a clue what the company's intentions are"
Megas should get on with the trading and we will know how to deal with our brokers should they refuse to let us trade our BCIT shares (IOUs). As far as we are concerned, we deemed that these shares are "genuine" - If our shares are untradable, then the Brokers will be held responsible to make good for our shares. At this point, "to register a claim" makes sense for those who could not sell their shares......
Megas got an ACE card in his hand. With the recent lawsuit, he got facts and figures as regards to total no. of naked-shorts which need "BUY-IN" to resolve this matter.
SEC cannot hold on forever with DTCC excuses at the expense of BCIT being held as hostage. Trading will be the only solution for naked-shorts to cover back ......
I hope Megas is actively pursuing on this matter with shareholders going after SEC & DTCC as their target to toe the line for a fair play.
CBAY shares will be bought off immediately at lower price. Shorts are not taking these chances as they know there are TONS of buyers waiting for it.......
That's the reason why many of us can't get it at 0.0001 Those hardcore buyers will lock-it up at this low price in creating a potential short-squeeze if any good news ahead.
It is pointing toqards the low volume as there are lesser sellers willing to part their share at this current price.
The wonderful part is if the OS is confirmed at thousands rather than billions, then we are all going to have a big fun !!!! " What goes down, will eventually goes Up "
Whatever it is, it can't be at this rock-bottom price. Technically, it is a matter of time for it to rebound cos' it needs a trigger to spark it off with any good news or future prospect.
Repost - For Those Who May Have Missed This Article.
A very interesting article valuing CBAY to be worth .60 to .70 per share was released. Read pages 68 through 70. Article courtesy of Heang from the IHub message board:
http://www.equitiesmagazine.com/pdfs/0606/EQUITIES_US_Summer.pdf
http://investorshub.advfn.com/boards/read_msg.asp?message_id=23683151
Interesting comment within the article… His comment comes in the face of Cal-Bay's stock plummeting 85% in value after it was listed on the Frankfurt exchange, where secret short sellers drove down the stock, taking it from around $1.00 to about $0.15. Since, Cal-Bay applied to be de-listed from the Frankfurt exchange which can take months, shares have more than doubled and recently traded at $0.40.
With properties in high-growth areas, solid net assets and an acquisition that should bring the company recurring annual revenues in excess of $6 million, Cal-Bay believes it is grossly undervalued with a break-up value of $0.60 to $0.70 a share. …
In The Past, Fraudulent News (March 2007) were detected that drove the CBAY share price to rock bottom.....now is the right time for technical rebound thro'naked-shorts covering & any real good news ahead......
Cal-Bay International Subject of Fraudulent Press Release Regarding Bankruptcy Filing
Thu Mar 8, 2007 12:44pm ET
CARLSBAD, Calif.--(Business Wire)--Cal-Bay International, Inc. (OTCBB:CBAY) announces the company has once again become the subject of a fraudulent press release posted on Yahoo Chat Boards claiming the company filed Bankruptcy in Nevada with alleged quotes from the company's President.
Cal-Bay International's board of directors today commented that this appears to be the work of the same parties who last year posted a bogus press release claiming ReMax was acquiring Cal-Bay International.
Cal-Bay's management believes there is a significant short position in the company's freely tradable shares, and the publishing of such a fraudulent statement has a significant downward pressure on the stock the shorts are able to cover at a significantly less price than the stock was originally sold for in the short sale.
President & CEO Roger Pawson stated, "Cal-Bay has not filed Bankruptcy nor were the reported comments in the bogus press release authentic. Cal-Bay will be in contact with the FBI today to report the crime and will divulge the names to the FBI of the identified parties from the previous fraudulent press release who are still under investigation."
© Reuters 2007. All Rights
Same to me - don't seem to get it at all, must be the lucky ones to get it. We will lock up all Units at these prices.
Not being able to fill even for partial lot but will continue to mop-up ..
Remember what Megas said "Time Is On Our Side".........It sounds like a game plan -
Is he planning for a reversed takeover from one of his companies which have yet to be finalized or inject something which he is planning to do !!!!
Thanks for your info. I am not surprised that CBAY got a massive naked-shorts ...any great news will trigger an explosive surge !!!!!!!!!!
..................................................
CBAY wasnt the only one targeted by the shorts
http://www.investigatethesec.com/ArchiveBerlin.php
From OptionsXpress (below) - basically Once it starts trading, my broker will honour the trade. I don't see any reason to sue my broker unless they won't allow me to SELL when BCIT starts trading......The system will correct itself for all naked-shorts
Megas should get this trading. Why is Megas holding it back?
What is the main reason that BCIT is not trading ?
I am interested in trading & not in compensation or pulling out CERTS as Megas suggested.
There is a stumbling block - who? & Why? prevents BCIT from trading.....
Regards...Shirley
....................................................
From: skhan@optionsxpress.com [mailto:skhan@optionsxpress.com]
Sent: Wednesday, August 29, 2007 5:02 AM
To: ttgee@streamyx.com
Subject: BCIT Shares
Dear Poey heang Lim and Thean gee Tan,
This email is to inform you that the BCIT shares that you had inquired about have been posted to your account. Your BCIT shares were not transferable from your other broker, and we had to wait for a Letter of Indemnity from the clearing firm before we could post them to your account. The Indemnity letter was received by optionsXpress and thus your BCIT shares have been posted to your account. Thank you for your patience.
Should you have any other questions, please contact us.
Sincerely,
Shuja G. Khan
Compliance Dept.
optionsXpress, Inc.
888-280-8020
Yes, you are absolutely right - we are now in aligned with our thoughts....
Megas does not seem to be able to resolve this but we are kept in the dark @ not knowing the reason for holding this back for so long.
His two proposals are just divergents from the truth. We as a small flies can only seek help or assistance from authorities or pressured-groups to find out the truth and hopefully, it will lead to a possible solution.
From very beginning till to-date, he still considered us "Not" BCIT shareholders & have nothing to do with us. If you bought a chair, please go after the seller........
At the last EMail, do not place any hope on this...sad ending
'legalegaltx'....you are absolutely correct. Still in merry go-round. To be honest with you , Megas' 2 proposals will never work as I have corresponded with him so many times, he seemed to be beating around the bush
His two proposals :-
1. To ask for compensation from Broker's for 0.15 / share or
2. Sue broker for failing physical delivery of certs.
Pressured-groups may help to hilite the situation to the authorities to assist on this matter.
Best solution - court order to resolve this issue preferably by Megas.
Need clarification
If Rizvi was trying to sell CBAY into Lenox Corp (all assets without liabilities) & got cancelled the deal as per previous PRs
Now, if he is holding "51%" stake, he could easily seal the above deal soon & what will happen to CBAY ......Is it possible for him to do that ?
I agree with you - is their obligation to purchase the shares for you in good faith
Put yourself as a Broker.....
# Are you prepared to compensate me with the last trading price ? with Millions. The most you will pay me for the purchase price...
# As a broker, do you think you can get this trading with such a complex problems involving SEC/DTC ...Who are you Mr. Broker ? You can put forward your grievances to the authorities so it will still hang there...........
Let's face it........
To be honest with you, the broker cannot resolve this matter at their level.
They bought the shares for you as per your request in good faith thro' the proper system. Why should the broker gives you money when somebody mess around with the complex system.......In my opinion,"if I am the Broker" the most they will pay you is your purchase price (not the last trading price)
Everyone is point finger at one another like merry-go round. It is not going to work at all as we are all small little flies trying to resolve this matter. Only the authorities will resolve this matter like SEC / DTC (in their hand) or Court-Order or Pressure-Groups may embarrass SEC/DTC handling this matter
molson ice1 ,
What TM's instruction below does not make sense to me at all & I have stated many times in correspondence with Megas.....
Firstly, my broker is not buying "fake" shares in the market. They bought the IOUs like any other shares for me. Why should I sue my broker on this....ie. Normal Purchase In Good Faith !!!!!!
Secondly, why should the broker give compensation to me if they have bought these shares in good faith in accordance to the system set by the authorities....No hanky-panky by the broker !!!!! Do you think, it is wise to ask compensation from the broker (Megas request) - Nonsense
Thirdly, it is really silly (in my opinion) to ask for physical delivery of certificates when there are no certificates available in the system ( All of us know that ). Is it a broker fault - the answer is NO !!!!!!!!
What Megas should do is to get court order to resolve this as none of us can correct the system fault....Court order to instruct the trading so that the systems will get the naked-shorts (FTDs)to buy-in for cancellation.
THERE IS NO OTHER ALTERNATIVE EXCEPT THRO' COURT ORDER
Regards....Shirley
......................................................
By: imsoweary
15 Oct 2007, 06:54 PM EDT
Msg. 50631 of 50637
I think you should now appoint a lawyer for the purpose of demanding your shares physically delivered or for financial compensation based on the last traded price of the share on the open market.
Thanks Stervc. Appreciate your effort to update on CBAY History as of 14 Oct 07…......
It is very informative for all to follow thro' the events that have taken place by former and present CEOs to-date.
Great Stuff for .000 stock!!!!!!!
Have fun as events begin to unfold in the near future.
The low volume cos' less sellers as expected for 0.0002 drying-up.
I managed to get some 0.0002 (few millions) but not alot of it for past few days.