BCIT: Serious thinking...read on.
Ladies and Gents,
I did some thinking about BCIT last night, and many of you may already feel the way I do now, but I wanted to share my newly excited and positive thoughts about our current situation.
Basically, I think Thomas Megas has done something that we should all be forever grateful for. By making the OS ~520,000,000 he made all of our illegitimate shares legitimate. Something that we would have had to use legal action (ourselves the shareholders) towards our brokers to get. It would have taken great effort and money to bring a class-action suit against all of our brokers to force them to make our shares legit. Which might have ended badly for us because our brokers would have said, "Well it's the pinksheet world and you decided on your own to put your money in a non-reporting shell." And you know what? The SEC would back them up on that statement, because if we've learned anything this past year, it's that the SEC is not here to protect the little guys, us.
So positive point #1 is that we now have legit shares, or will soon when cusip gets changed.
Positive point #2 is that we own shares in a "clean" shell that's now fully reporting and audited and ready to trade on the OTCBB or higher. This is a major asset. Do you realize how attractive this company is right now at .001 for someone to buy us out that already has a revenue producing business (private company) that wants to go public?! Or a howabout an RM into a revenue producing company? Megas has done all the hard work to get this thing "sparkling clean". If another company is looking for a clean shell to use to go public we're a perfect opportunity.
Just imagine, for a moment, a company paying Megas a million dollars or two for this shell, then bringing either a developing or developed (revenue producing) company into this shell. All they would have to do is change the name and then maintain the Q's and K's and they have themselves a fully reporting public company that can apply for a higher exchange with ~500 million OS and we're off and running. As a matter a fact, that company might be able to buyback much of the OS at the initial .001 levels!
KABOOM! I know this may be the best case scenario but Megas didn't go through all this trouble for nothing. He has created a very marketable asset and we own it. If this goes the way I'm hoping I will definitely be BUYING shares at .001 when this is able to trade again.
Just my 2 cents but I'm actually very excited about the possibilities here. Might take another quarter or two before we're trading but I think this has a chance to be better than just "Found" money.
Have a good weekend All!
Tool
Pennystocks, we're in the looney bin for sure.
