InvestorsHub Logo
Followers 21
Posts 2327
Boards Moderated 2
Alias Born 04/20/2009

Re: op9171787 post# 132071

Monday, 10/18/2010 3:47:39 PM

Monday, October 18, 2010 3:47:39 PM

Post# of 159752

what exactly do you think Megas did here



I think Sytner talked him into using an offshore account to dump shares thru. Using bogus "debts" to issue future shares to cover previous sales. Only insiders could


I think that's why the DTCC issued a global lock and why the SEC demanded fully audited financials under penalty of perjury.

You'll notice the IBIE scam fell apart when the SEC asked some tough questions concerning BCIT's financials.

Considering Stew shows up in multiple shams, including the a bogus offshore bank involved with the theft of $20 Million cash, pretending to be a diplomat (PNG Embassey says "is not"), and the whole Mario Pino sham.

The efforts to drag out the statutue of limitations was very telling to those who understand securities. The sham debt for Stew's "loan" for legal fees. The sham claim of $800,000 spent in legal fees (BS he had 3200 hours of legal services billed at the time the claim was made).

The financials would expose that lie.

The whole story of "we had to issue more shares to ourselves to retain control of the shell" BS.

The failure to even legally respond to the notice of impending revocation.

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.