Bancorp International Group Inc (fka BCIT)

[glaszman]

Posted by: mastaflash
In reply to: nwsun who wrote msg# 84074 Date:7/4/2007 3:22:47 PM
Post #of 84082

Here is my response from my broker some time ago. Pay particular attention to the bold:

We believe that if the other side of this trade - the individuals at the other brokerage firm whom sold the shares - obtained the shares illegally, that the selling firm would be liable for them, and that US clearinghouse that cleared the trade would usually guarantee our end of the transaction, meaning you should not be held accountable for any illicitly obtained shares that may have been sold in the market. With that said, the CUSIP number of the shares in your account are 05968X106 - though we received notice that the old BCIT shares will be exchanged for new BCIT shares (with a CUSIP # 05968X205), we have yet to receive them and do not believe that we will, as the US clearinghouse that maintains electronic records of all holdings brokerages' positions advises that CUSIP # 05968X205 has not been registered for use as of yet. We cannot advise as to when, and or if, we will be receiving the new BCIT shares.

We trust this is of clarification.

Sincerely,

Gus Chrisanthopoulos
Manager Client Relations
Client Support Group
TD Waterhouse Canada Inc.