And what was the honorable DTCC's answer?
It's a civil legal issue between the defrauded company and the brokerages that are claiming to have shares in hand.
I'd not expect a blackmailer to admit his attempts to blackmail.
My original post was about Stu's being asked by my attornies why the company was claiming they were advised by the DTCC to sue their shareholders. Are you insinuating Stu at any time was involved with the issues Megas has with the DTCC?
To my knowledge, Megas has never lied.
Umm, $60 Million assets, going to seek a legal remedy to overturn the shares he gave to Capital Growth based upon the bad advise he received, Stewart has never been in trouble, fully reporting (LMAO). He lied point blank to a licensed attorney and BCIT shareholder from PA on two occasions.
Megas said that, behind closed doors, the DTCC refused to open its books on trades, told Megas to get that information himself via subpoenas issued to all shareholders. When the information came in, it was stopped by threats from brokerages' lawyers at about 36% reporting. And Megas had enough information to draw conclusions about extent of nss in BCIT, and he still had enough money left to walk, because the big guns of the brokerages who steal millons in nss shares sold, could afford to cause Megas serious financial drainage from a protracted number of lawsuits. Megas has spent a lot more money of his own, fighting this, than any of us has spent
acquiring stock Megas did not sell us.
Arakit..if the brokerages really are in deep and Tom 100% knows that he nor Stewart caused those extra sales, Tom can walk into any huge law firm with his proof and never have to pay a penny to sue all these fools. Not a penny. The actual proof would make law firms like Berger and Montague salivate over a case like this. The big boys get sued every day. Big Tobacco got whacked. Dow Corning got whacked. If the proof is there....the big law firms will take this.
Megas is now expected to spend more on legal efforts? I don't think so.
Yes, like it or not, he has a legal responsibility to his shareholders. That's part of selling stock publicly. If Tom wants to cut his losses, move aside and appoint someone who can and will move this legally.
But I don['t think
insults to his integrity and past efforts are going to
help, here.
True. However, it is also insulting to sit back and see Tom selectively pass around information. The same Tom who has made several mistakes with this over the last 4 years.
Please submit your correspondence
with your state AG's, stage security officers, State Senators.
I have no interest in passing on heresay to my Senator. I would rather have Tom make a public statement as to what happened and I will forward Tom's words to my Senator's office.
Megs has no leverage with our government, being a Brit, that is why is is useful for us to contact our state officials and reps and fedeeral reps and keep pushing.
Stewart does. Where's Stew's complaint? Have Megas call his good buddy Stew and post a copy of Stew's letter(s) here on IHUB.
