Molson:
While I agree DTCC started the problem, the CEO is IMO culpable for delaying the reporting of the identity theft to the SEC. This is where Pino had time to get additional forged certificates into the market because of the back room deal Megas reportedly made with Pino for $2 million. Now Masta is saying that the DTCC/SEC told Megas to make the deal, first time in 5 plus years I have heard this on this board. The delay to report to the SEC and their delaying it trading contributed also and compounded the bookkeeping.
But trying to take a complete unbiased look at the picture, it was the additional shares whether naked shorted or not that occurred til the BCIT trading stoppage by the SEC. Complete chaos on BCIT trading legal shares was compromised and IMO DTCC was wanting Megas to be responsible for the shares above the 240 million they were to account for. In my estimates by the trade stoppage of September 2005 by SEC, over 2 billion shares have exchanged hands. A far cry from the original 4 million BCIT had approval for in April of 2005.
Hopefully, you have read my posts here and it is in the meeting with Megas/Sytner and DTCC where the truth really lies and the CEO is not talking. This is when Sytner had his reported explitive deleted moment with the DTCC. IMO, Megas, because of the delay in reporting, is as much responsible for the current state of BCIT in a delisted non-trading state.
And Megas isn't talking.
Time and the Creator of it are my friends
AI
