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Re: None

Tuesday, 08/19/2008 11:04:23 AM

Tuesday, August 19, 2008 11:04:23 AM

Post# of 159753
727
The question will be what happens to BCIT's share structure if the Oklahoma settlement was infact voided by the SEC action identifying all shares created and sold by Mario/Pammy as fraudulent shares. You can't legally enter a civil settlement if it is found out that a crime had transpired that it applied. The civil act would undermine Federal SEC action that acquired if they existed any assets from the crime which obviously takes presidence. The 400,000 shares I referenced were the shares that actually existed in the float before all this crap started. Megas trying to get a resolution brought on the civil action that issued 230 million shares to cover the fraudulent shares sold and 300 million for insiders keeping a similar shares structure. (all numbers are rough) The 700 to 800 "MILLION" shares that also exist were shares sold short with no intent to cover. Nothing backs those just as nothing currently backs the 230 million fraudulent shares cleared by the DTC. The possible cancel of the proposed R/S (which makes sense since it wasn't necessary to help those that sold what they didn't have) will make this a wild and interesting ride. I expect to see SEC filings with revisions of our share structure. But again none of this action gets a cover if the SEC doesn't force one. Only a dividend gets a cover and only those who hold legal BCIT shares (Energy Source) get a dividend.
I'm on the edge of my seat just waiting to see how this plays out and how it will be made public. A billion shares needing covered from a float that doesn't have it will be ALOT of $$$$$
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