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Post# of 159752
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mastaflash

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mastaflash

Re: op9171787 post# 125555

Thursday, 10/15/2009 2:51:47 PM

Thursday, October 15, 2009 2:51:47 PM

Post# of 159752
If the DTC decides that they will never clear BCIT then it will never clear. That doesn't mean it will never trade...however. The biggest obstacle to trading, besides not having a counterparty, is the fact that BCIT is not quoted. Don't underestimate the power of ex-clearing. We have seen it in action in all its glory. My shares were purchased ex-clearing. I will take a .15 per share damage PLUS having my shares trade...we can have both. Eventually, BCIT can move to OMX for clearing. The legal route is to force a settlement for not clearing. I'm not convinced it can force DTC to clear.

Some sheep are smarter than others.
http://www.let-bcit-trade.com/

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