EVERYONE READ THIS: Everyone's gonna be able to trade at different times, depending on whether your brokerage firm gets shares from the DTCC or has to go out into the marketplace and buy them.
That's what everyone is forgetting. Most of our brokers are not going to get shares from the DTCC because Megas did not release enough new shares to cover all of our accounts (the short positions created by our brokers). So BCIT will start trading without most of us being able to trade our shares. Once other people holding legit shares sell them, our brokers will be able to buy them on the open market and then switch out our shares in old Cusip# for the new ones they just bought on the open market.
That's the short squeeze, that's what's going to push the price of this stock through the roof. So basically our own brokers have to anty up to get our current shares exchanged for the new ones. LET ME REPEAT THIS: THE DTCC DOES NOT HAVE SHARES FOR US. BCIT ONLY RELEASED ENOUGH SHARES TO COVER THE OK COURT CASE JUDGEMENT AND ENOUGH FOR BCIT THEMSELVES TO STILL HAVE MAJORITY CONTROL OVER THE COMPANY.
Our brokers won't get anything from the DTCC because there really aren't any shares available to give us. The DTCC needs to allow BCIT to trade again and over time, hopefully, our brokers will admit their guilt in shorting the stock and buy shares from the open marketplace (w/Cusip# 205) to replace our older shares.
Am I making sense here? 'Cause I feel like I just had an epiphany, even though all the information has been right in front of my face the whole time.
Tool
Pennystocks, we're in the looney bin for sure.
