Bancorp International Group Inc (fka BCIT)

[realwhiz1]

Giving value to pre-lock allows the brokerages to settle post locks too, but there's some research that needs to be done to make sure Megas and Sytner do not financially benefit at all from post lock shares.

They can only benefit by selling their 205’s Into any forced sale.

Brokerage Account Protection
Customers of U.S. registered broker-dealers benefit from the extensive protections provided by the Commission rules, including the Customer Protection Rule, as well as protection by the Securities Investor Protection Corporation (SIPC). The Commission's Customer Protection Rule requires a broker-dealer to segregate customer cash and securities from a broker-dealer's own assets. More specifically, the rule requires that a broker-dealer keep customer cash and fully-paid securities free of liens and in a safe location. This protects customer assets from claims by a broker-dealer’s creditors. In addition to the Commission's rules that protect securities customers of U.S. broker-dealers, the Securities Investor Protection Corporation also has protections for securities customers. To determine if your broker-dealer is a member of SIPC, or to learn more about the SIPC protections, you can check the SIPC website at www.sipc.org.

https://www.sec.gov/fast-answers/answersrecoverfundshtm.html

There is legal precedent - I have to dig back and find it - where the broker claims the path in which they are following they cannot obtain certificates for you - you yourself can purchase the certificates then the broker will reimburse your purchase.

In this scenario there are people - other than Megas - with 205 shares who, I’m sure, would be more than happy to sell theirs.

If it is of any interest to you I will go back and dig through my pile and find that legal precedent for you .

I am believing this is NOT the direction you are aiming for!