This fiasco is so amazing. Megas had a gift given to him, DTCC dead to rights, and Megas screwed this up doing things his way because he didn't want the 'fake' shareholders to get a dime. He waited too long because his pride and supposedly legal team poor advice. Megas even admitted striking a deal with Pino and regretted in one communication.
The common denominator at BCIT is that everyone here was trying to make a buck. I was looking for a healthcare investment with Carter Care, and got mislead. I have read where Carter Care was granted a $10 million dollar settlement with MLON, another PINO brainchild.
With Pino's history of MLON and BCIT and others, one of a few questions not really answered, IMO, is how involved with Pino was Megas? Inquiring minds will probably never know as Megas has the appearance to be hiding from something, maybe the whole truth and nothing but the truth.
Like I said Megas reportedly regretted it, but the reporting of the identity theft to proper authorities delay resulted in the most damage in the market and those that bought the unknown air shares from their brokers. So much so, both DTCC, SEC, and brokers have now contrived a plan to punish all shareholders of BCIT, rather than resolve the issue to properly restore the innocent shareholders.
Time and the Creator of it are my friends