Bancorp International Group Inc (fka BCIT)

[newair]

molson, don't remember the number breakdown, but I do think this is where most of the problem is evolving from.
Brokers keep saying that they are waiting for certs to be exchanged and pointing the finger back at the company (bcit)however considering the massive short that exist, those certs will never be exchanges. Considering that the original (ligitmate) shares were held by a relitively tight group, it is very possible that they have already been exchanged. But only as it applied to the original ligitimate shareholders.
Hence a major part of the breakdown in communication and cooperation.
And at this point it is still easier for the brokerages to point the finger that to acknoledge they will have to cover a problem which they themselves greatly contributed to.
And as long as Meges holds the line which he has been, there will never be enough certs to exchange. About the only thing the brokerages and DTC have going for them is TIME. They can only hope to drag this out to its grave.


Have fun,