InvestorsHub Logo
Followers 14
Posts 47
Boards Moderated 0
Alias Born 03/09/2006

Re: goodkarma37 post# 43628

Thursday, 03/30/2006 11:29:24 PM

Thursday, March 30, 2006 11:29:24 PM

Post# of 159753
goodkarma37

I really enjoy reading your posts as they seem well thought out. Honestly, I haven't gone over hardly any of the previous information on the company as to filings and such. I was concerned with the direction the management was taking toward shareholders who didn't know if they had good certs or frauds, and if they were wanting to conduct business or take the money and run.. I have paid astute attention to e-mails shown on the boards that have come from Megas and on the explanations given by those that communicate with him on how they understand his position and what suggestions came from those discussions. It seems to me that even several of you still have a different approach to the problem. My sole purpose in posting was to relate to you two things. One. That filings were being done which was being strongly debated if that were going to take place, and Two, I didn't understand how the company would be able to take money that was paid for by shareholders and that money not go to the shareholders.From the work I conducted I found out what I thought to be the correct answers. This is what I was asked to do. Find out if there were any hope for the company and even then, how would my friends investment be handled as to his certs. I answered the filings question and the question of the money spent on shares to the brokerage is this. Whoever received the money from the fake shares that money should go to the investor,IMO. What action is taken by each of you is your decision. I can understand the company saying its not their problem since they didn't issue the shares and others made several million from those actions. But I also don't see how the company is entitled to the money and not the shareholders holding the fake certs. Without knowing the details of how it was presented in the legal case by Cunningham that enabled the company to get damages, I sincerely think this does not keep shareholders from doing the same thing.

I could be wrong but I think I understand that the new shares that were to be issued by the court hearings have been cut but are awaiting delivery by direction of the company. So yes, I believe that management is controlling what happens with those shares till they decide the additional action they want to take. I have heard that some certs were delivered but I have not got confirmation on that.

On your OCT 11 from Megas and your Dec 14. I don't know for certain but I heard of Megas and BCIT for the first time in DEC., and knew he had OKC legal counsel at that time. I doubt he had that legal counsel back in OCT.
Join InvestorsHub

Join the InvestorsHub Community

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.