Bancorp International Group Inc (fka BCIT)

[turn2him]

All this is true and I stated so. But this does not exempt Megas from the legal aspect of running a company and that is "fiduciary responsibility"

I do not disagree with DTCC and brokers including SEC being at fault, but no matter how much you try to persuade those who do not agree, it will never change the "fact" that Megas has fiduciary responsibility for BCIT. This "fact" will never change and how he handled the Pino fiasco was as much lack of Megas' fiduciary responsibility as the DTCC. Yes DTCC error in allowing fraud, but Megas did not act with fiduciary responsibility in reporting the identity theft to the proper authorities in a timely manner. Therefore, to exclude Megas IMO is only applying selective law.

IMO, this is incorrect application of the fiduciary responsibility. In other words, because all were at fault with application of improperly applying fiduciary responsibility, all are to blame. Who did what first is not important here. If Megas would have reported identity theft to proper authorities immediately upon discovery, Megas IMO should not be implicated because he would have acted with fiduciary responsibility. So any legal action excluding Megas IMO will not succeed, because other parties will be able to raise sufficient doubt of responsibility in any case.

Easy solution, Megas has to file.


PS. I have no obvious agenda but to hold all parties accountable that have fiduciary responsibility and resulted in the BCIT trading fiasco and disenfranchised real and fake shareholders. It is obvious the Megasites on this board do not agree with this and therefore exposes their obvious agenda. Blame everyone but Megas.