Bancorp International Group Inc (fka BCIT)

[op9171787]

somewhat perplexing as etrade has let me know that they contacted Pacific Stock Transfer and that Pacific was no longer the transfer agent as of Dec. 29, 2006, and so they called BCIT directly & spoke with Sam Sessions, and that Etrade was informed that BCIT is in the process of finding a new transfer agent, and will issue a press release when they find one. I find this interesting if in fact BCIT currently has no TA (contrary to rumors that BCIT had a new TA but were not publicly naming it). If BCIT has no TA at present (at least when Etrade spoke to them) it seems this could be one big reason for DTCC's stonewalling, or perhaps this is part of BCIT's strategy somehow. I know BCIT could handle the cert exchange 'in-house,' but it does seem odd that BCIT & Pacific would part ways in the midst of a Share Cert exchange.

DTCC could be using this against BCIT, but I do not think this is the only issue they are using.

I just find it odd that BCIT does not have a transfer agent at present (unless they have in fact hired a new one).










imo