Bancorp International Group Inc (fka BCIT)

[f1fans]

A nice little read here from a BCIT long:

Kyle Burns,

Listed below is an email from you, to Mr. Thomas Megas, and it is done with poor educational aspects from your SFC office, and as a shareholder here in BCIT,
I feel you are dropping the ball .



I am amazed that you think BCIT is behind on its filings. Are you aware that pink companies are not required to file with the SEC?

PINK listed companies are not required to file, BUT, if a pink wants to uplist to the OTCbb exchange, then filings are required.

There are thousands of pink listed securities that trade daily that do not file. http://www.pinksheets.com/pink/index.jsp

This is a non-issue since the meat of the issue is the abusive naked shorting that occurred, and the cover-up by the DTC, as later detailed.

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BCIT did attempt to upgrade from the pinks, to the otcbb, by bringing all the filings current, and filing the form 15c211, and the dtc stonewalled bcit
Are you aware of this?


July 2006

July 12, 2006, Thomas Megas issues a press release updating shareholders of recent actions. Company has completed the filing of its Form 10-KSB for the years 2000-2005 inclusive, as well as its Form 10-QSB for the three months ended March 31, 2006. Having completed these report filings, the Company is finally current in its reporting obligations under applicable federal securities laws.

October 2006

The Company files form 15c-211 with NASDAQ and FINRA (f/k/a NASD) for relisting on the OTCBB exchange.

October 23, 2006 the Company is relisted on the OTCBB exchange.
October 27, 2006 Thomas Megas issues a press release announcing the Company’s successful 15c-211 application.
October 30, 2006 Thomas Megas issues a press release announcing ongoing corporate developments, and the hiring of Legacy Trading, Inc. as the Company’s market maker.
November 2006

November 1, 2006 Thomas Megas issues a press release announcing the Company’s issuance of new cusip number 05968X205 to replace former cusip number 05968X106.

November 7, 2006, the Company is delisted from the OTCBB exchange. Due to regulator “clerical errors” regarding the Company’s cusip numbers, the Company’s stock goes unquoted for four consecutive trading days and in violation of SEC Rule 15c-211, gets delisted from the OTCBB exchange.
November 20, 2006, Thomas Megas issues a press release announcing a mandatory certificate exchange.

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As you are aware, the 243 million counterfiet PINO shares were already accounted for >
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<table border=0 width="81%"><tr vAlign=top><td>
January 2006

</TD>
<td>January 11, 2006, the Oklahoma County District Court enters an “Order Approving Settlement Agreement”, which settles the claims between the Company, Mario Pino, his associates and affiliated entities, Capital Growth Financial, L.L.C. and JH Darbie &Co.

In accordance with the settlement, the Company is owed certain sums in respect of the proceeds received through the sale of invalidly issued shares of common stock, and the Company issues 25,025,000 shares of common stock to JH Darbie &Co. and 219,723,000 shares of common stock to Capital Growth Financial, L.L.C. for an aggregate sum of 244,748,000 shares to be deposited with the DTCC in satisfaction of JH Darbie &Co.’s and Capital Growth Financial, L.L.C.’s short positions.</TD></TR></TABLE>

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I spoke to you once on the phone and you used an analogy of someone selling a automobile improperly titled. That does not apply here. The market makers sold us an approximate 550 million additional
shares over and above the Pino shares, and over and above the original BCIT authorized share structure of 25 million shares, What if the dealership sells 550 million cars with the same vin #.

As a shareholder base, we want it made clear that we bought shares in the open market through our various brokers whom we have signed contracts with (Rule 15c3-3), and are entitled to either receive good shares or have our money refunded. Four years in limbo land is in violation of statute and unacceptable.

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Don't you understand that abusive naked shorting occured here and the DTC is trying their damnest to cover it up.

I hope you open your eyes and realize that you have in front of you a gift handed on your plate as a Senate Finance Field Investigator. Good Lord, ceo Patrick Byrnes from Overstock has a case equal to this
going before the California Supreme Court in February of 2010, and it cost him probably 8 years and probably 100 million in fees to challenge this corrupt system of naked shorting by encompassed by the DTC.

And here is a link to a letter that Patrick Byrnes sent President Bush, regarding Naked short Selling http://www.highbeam.com/doc/1G1-186788160.html

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I hope the SFC can investigate this BCIT case with open eyes, and understand what is really going on here, the fraud that has occured with abusive naked short selling and the cover up by the DTC.

Lift the global lock and enforce rule 203 (b) (3) http://www.law.uc.edu/CCL/regSHO/rule203.html