Bancorp International Group Inc (fka BCIT)

[mretgnol]

i thought the DTC was supposed to GO TO THEIR MEMBER BROKERS to get shares that they need from ftd

Only when a Transfer Agent issues a blue sheet notice stating a FTD exists.

When there is an issue of counterfeit shares in the market, the issue becomes a civil legal issue between the defrauded company and whichever brokerage caused the shares to enter market.

That's why the NASD suspended the Customer Protection Rule with a notice to all broker-dealers who had BCIT positions.

Throw in that Tom lost his lawsuit and was forced to settle with Capital Growth and JH Darby by issuing shares to replace the bogus shares. That's when the DTCC had no idea what was real, fake, legally issued. Global locks are done to prevent Reg S abuse from offshore too.

Then throw in additional shares issued to Synter as "expenses", additional shares Megas decided to issue to himself as "expenses". Remember when that one was exposed? I mean, Sytner must be pissed he took shares instead of $200,000 (plus) in cash as reimbursement. Sure does not seem too pissed or too concerned about helping to get this stock retrading.

All rules get thrown out the window when counterfeit shares are alledged.