This post sums it up folks.......
Posted by: ohbull2000
In reply to: Art2Gecko who wrote msg# 105303 Date:4/16/2008 9:15:12 PM
Post #of 105327
shell, as I've posted I talked to Day-Edwards afterwards...
and I talked to the lead attorney, Bill Guest (Quest) and he was quite forth coming.
What I did not post was their defence used, now seems appropiate with the sec findings and the present conversation:
Their defence, the brokers who hired Day-Edwards, was quite simple, BCIT's T/A had issued the certs in question and that would be? Pammy.
Megas et al said absolutely not!
Day-Edwards said we see it otherwise and that's where the lenghty aspect of a costly court fight arose.
The brokers, IMO, have the very deep pockets and actually far more to gain to have strung things out indefinetly (NO cover)now did'nt they?
The burden of proof would have been simple if BCIT's lawsuit, a discovery lawsuit was allowed to continue and that's what had to be stopped!
Fighting the case in court would have been long and expensive!
But now the SEC has come along and verified/proven BCIT's contention... Pammy was NEVER authorized to issue any certs or shares...PERIOD!
The Game has turned dramitically,imo.