let me say this about that......
I believe some folks are missing a few key points in this story.
The company has 246 million shares held basically in escrow at Barron-Moore, to be sold at their discretion thru Legacy when this trades, according to one of the recent documents we've seen. Now, all this carrying on about the TA not having 205's is moot, imo, because until the company is allowed to trade they won't be available for the shorts or anybody else that might want those shares. Until those shares get bought, they won't enter the system, and the TA won't have them. After the transactions take place, then BCIT will then have tradeable float, as of now, there is very little float, comprised of the original March Indy shareholders that hold the original 4 million OS that was really the only shares available to trade back in '05.
Those demanding that Megas deposit them shares at the TA need to realize that somebody has to BUY them shares first. As I have said before, just because our brokers got a bogus jumbo cert doesn't mean they can just exchange that cert for a replacement at no cost, it doesn't work that way at all. The only two brokers that settled with the company was CG/Darbie, that's why they got shares to cover what they sold, and they had to return them to the company to cover their short. That is where the 246 million shares comes from, now when BCIT gets the 'all-clear' to trade, our brokers will have to go into the open market and buy them shares if they have an oversold position in BCIT, my opinion is they are very short, and I also say let the bidding begin!
All imo~
Mainuh
AI
