I would like to inquire about your task force as I'm a defendant listed in the BCIT lawsuit. The webpage states:
In consideration of the reduced flat fee, the clients would allow the firm to keep any award of attorneys' fees or costs that it might secure against those who filed the action and a percentage of any other damages recovered.
What sort of damages are you referring to here? The cost basis of our shares?
Also, this task force seems to aim squarely at suing CEO, Thomas Megas. It is my understanding that Mr. Megas is trying to get are shares exchanged for shares that hold a real value. I'm referring to this PR from Nov 20, 2006:
Now, it has been rumored that the hold-up in the share exchange is due to a 'global lock' imposed by the DTCC. Hopefully, you can prove to me otherwise, but shouldn't your task force be targeting the DTCC and our brokers who sold us fraudulent shares?
Thank you very much for your time. Look forward to hearing from you.
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.