Sytner was taking about expenses that would be BCIT's as a result of the whole carter affair.
"The expense of cancellation of shares and the recall and reprinting of certificates with accounting is part of the estimate I furnished you."
Nowhere in that email is he saying "Pamela, go ahead and print another oh 250MM counterfeit shares with the wrong legend, and incorrect signatures."
If Sytner had in any way directed Pino/Thompson to print anything, it would have been reported in the SEC complaints. As everyone knows, nothing of the sort was.
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