molson the reason I ask is simple. If their were a billion short shares, I personally would not be surprised. Which is where I believe the Major Stumbling block lays.
1 billion shares at .15 per share is $150,000,000.00 Doesn't look like as much when one just reads the numbers. One hundred and fifty million dollars. Their are people who would kill for that kind of money. I firmly believe that their are powers to be that realize they got caught with their pants down around their ankles. Furthermore they found themselves dealing with someone (megas) who wasn't gonning to roll over like a trained pig. As a result we have had to endure a long drawn out mess, of finger pointing and misinformation.
It is for this reason, if no other that I think we will be stalled for some time to come. Am I happy about that? Absolutely not!!!!!! I could certianly use a few extra dollars right now myself. Would make a substancial difference to me. I only state this to make it very clear that I have far better things to do than spread miscontent. But the cold hard reality is that those who stand to loose a share of $150,000,000.00 will go to great lengths to avoid ever having to settle up.
Let me share one example that has bothered me for months. I myself use E Trade. A broker who handled many BCIT transactions. Seems to me that if I was in any position of control, influence, or responsibility in that company I would want things to be rather streamlined, organized, thus efficient and cost effective as well as saving.
Having said that, why is it that any and every time someone communicates with E Trade they deal with someone different and it always takes a few days to look into what is going on? Can't help but think that they could type in a symbol and see that it is subject to Whatever. Controversy, suspenion, the list goes on, and at that point direct all corrospondence to one or two indivuals. Are we to understand that with all of the inquiries that have gone through E Trade that they each took a substancial amonut of time to awnser, research, determine? Sorry, don't believe it. But I will gaurantee you, if I want you off of my back, one of the most effective ways is to deflect, stall, respond.
They do not want this to look simple any more than any other broker.
While I do not rember the time line, let us not forget that megas had warned of counterfit shares in the market place.
Remember all of the screaming as some of the brokerages independently started to suspend trading? God knows I do. In fact I had place a sell order only minutes before E Trade stopped trading. Needless to say it was not filled. And at that point I was sitting on a nice profit. But my point being Megas came right out and warned, yet the brokerages continued to trade. Thinking this through, if I had been warned, yet continued to sell, do I not have some responsibility here?
Oh well, some day this will be resolved somehow, and it will certianly make for interesting conversation at that time.... maybe we all retire, which I doubt, maybe we recoup our original investment plus interest, maybe we get abused, some more.
But just remember one thing
ONE HUNDRED AND FIFTY MILLION DOLLARS.
Have fun,
