Bancorp International Group Inc (fka BCIT)

[realwhiz1]

On August 31, 2005

The SEC announced the trading suspension starting on
August 31 at 9:30 a.m. EDT.

On September 14, 2005 at 11:59 p.m. EDT

The SEC terminated trading.

Again, there was a conflict of interest on the date for the
pre-lock shares due to the alert from the DTC on August 16.

Before that, on August 11, 2005 the DTC put a global lock
on BCIT, which means the trades cannot be settled electronically through the DTC. However, despite the global lock ( Aug.11) and the DTC alert (Aug. 16), "normal trading" continued
until August 29, 2005.

Important:

SEC - DTCC two separate issues

The SEC halted trading - not the brokers - the dtcc submitted the lock information to the brokers - information at that time, not afforded to their clients!

To continue trading after the lock - the brokers had to back trades with certificates in their possession.

To say post lock trades are also backed by third party clearing (DTCC) is bogus! The DTCC members (brokers) were noticed of the change.