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.
Also, prior to 2005, BCIT was a shell with no assets an fewer than 300 shareholders. I believe this still true today. TM chose to be reporting, but not required. That is the sad irony. IMO the SEC action was pathetic. There are MANY companies out there that have NEVER filed that are required to.
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