?? I thought Megas would/will void agreement to that 1-for-200 reverse split crap deal. Why?
Because it's growing clear that since the times when DTCC imposed this IMHO criminally extortive requirement, its vulnerability to public criticism and legislative scrutiny is growing.
Since the DTCC could potentially grow even more powerful under Obama's financial markets takeover, they have to decide what decision regarding BCIT and other victims of naked shorting, least impedes their own ascent:
A) own up now & pay whatever price in the short term, or
B) dissemble, intimidate, refuse to obey the law until they are so powerful, a loud class action suit hopefully wont pass by their fat-arsed troll on the bridge.
Let's hope BCIT helps the horse to lose the nail in its shoe, that loses the war for DTCC ha
I agree Megas needs to somehow test the DTCC.
A reverse split would obliterate any profit potential for us, wouldn't it?
All IMHO, folks.
"...Therefore, the Company reiterates its request that the DTCC release its global lock on the Company's common stock for the following reasons: 1. The DTCC's release is a prerequisite to the Nasdaq Stock Market, Inc. and the FinancialIndustry Regulatory Authority (a) completing their remaining due diligence with respect to the Company's implementation of a
l-for-200 reverse stock split of its issued andoutstanding common stock, and (b) authorizing the trading of shares of the Company'scommon stock on the over-the-counter market..."
