Your response is exactly why Megas needs to file. If he has nothing to hide, then Megas will be fine. However, to allow BCIT to trade without reporting a share structure, IMO, will create more issues.
Megas was willing to cover them and then reverse split wasn't he? If what you say is true, then why would Megas do that? This becomes a valid question that noone on this board seems eager to answer, not even Megas. Hmmmm.
Time and the Creator of it are my friends