Most of the info I have posted in the past is from Megas thru Masta regarding when Megas went to proper authorities to report the identity theft. From responses masta provided, it took Megas from the initial trading day of BCIT in early May(2nd) 2005 I believe to mid June(approx. 40 days) before he reported identity theft to SEC/DTCC. Early May was when Carter Care was announced to takeover the shell thru Pino/Pammy. Sytner reportedly was contacted by Megas to investigate. Meeting was setup with Megas/Sytner and Pino when backdoor deal for $2 million was reportedly made, of which Megas received $50,000 deposit.
When trading volume increased to about 250 million shares for the first 40 days, then Megas realized Pino had no intentions of buying the shell or was going to use the money he sold the bogus shares for to pay Megas for BCIT, then Megas decided to report to SEC/DTCC. At this time approximateyly 250 million shares had traded thru the market system. From what I can recall, Megas/Sytner considered this 250 million shares requested by DTCC to be a shake down by the DTCC because it was DTCCs fault that the bogus shares were allowed in the market to begin with. This is where DTCC and Sytner supposedly had words and DTCC basically told BCIT to clean up the mess on their own. Thus the 'fake' shareholder lawsuit. BCIT continued to trade based on forged shares in the market and by September the shares traded on BCIT was over 2 billion. Megas had still not cleaned up the mess and the SEC stepped in and halted trading.
Somewhere in here, masta stated that Megas was told by DTCC to make deal with Pino for the $2 million. First time in five years I have heard of this and that is something new to the story. Unless I missed something somewhere.
The problem here is the beginning of the timeline is incomplete and thus not accurate it only tells partial story. IMO, partial truth is still a whole lie. What I am saying is based on what Masta revealed in posts on this board thru Megas. So, it is not directly from Megas himself. Thus the problem of discovering what really happened here is on the CEOs shoulders and he is not talking. Until the timeline is completed, IMO, this issue will not get resolved, and it appears from lack of communication from Megas, he really does not care.
IMO, his delay, due to poor advice from legal counsel possibly or whatever justification he wants to fabricate, of handling this matter in the early stages has resulted in why BCIT is in the current state today - revoked and not trading five+ years later.
IMO, this is a huge task and noone will step up and do the right thing with the shareholders and reimburse them, ie DTCC and stockbrokers specifically.
Time and the Creator of it are my friends
AI
