Bancorp International Group Inc (fka BCIT)

[mretgnol]

What is different here?....

the moment the phrase "counterfeit" was used, it created a situtation where the company HAD to file, and remain up-to-date. Then, when the supposed bogus shares were covered, that created a new nightmare of which shares are real, which are supposedly fake?

Hence, even why the DTCC dumped this back into the hands of the brokers.

By the way, you can used that exemption, but that does not suspend your filing requirements when needed. Just means that at some point, whenever you decide you want to come back into compliance, you have to file all missing reports.

It's like my past example. You can drive around with suspended license and break the rules. But if the cops pull you over one day because you have a burned out taillight, you're going to get in deep crap. At which point you have to pay a fine and get a valid license in order to drive again.

You can be behind in filings until something happens where the SEC takes notice and demands you be in compliance...and STAY in compliance.