InvestorsHub Logo
Followers 5219
Posts 24032
Boards Moderated 5
Alias Born 09/20/2000

Re: None

Saturday, 02/03/2007 5:39:41 AM

Saturday, February 03, 2007 5:39:41 AM

Post# of 159752
With BCIT & its CUSIP# Change…

If the NASDAQ, SEC, and other regulatory authorities have already approved BCIT to trade, then the DTC would have been forced to deliver an accounting of shares and placed them in our brokerage accounts for trading if BCIT would have done a "name change" and "CUSIP # change" and not just a CUSIP# change (I think).

The DTC would have been forced to operate from a newly given inventory of shares and not from the old inventory of shares already in the system electronically. That would have forced the DTC to play the right card instead of reneging. I think this would have forced the DTC to have done the right thing.

If the company has not worked out all of the issues to resume trading up to this point, then going back to generate the “new inventory” of shares can still happen if they do the name change along with the CUSIP# change now. These are only my opinions.

v/r
Sterling

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.