Bancorp International Group Inc (fka BCIT)

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BCIT Update
Monday, January 30, 2012 6:27 AM
From:
"Energy Source ex BCIT" <[e-mail]>
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To:
"[e-mail]" <[e-mail]>

Hello Bob

We regret that there have not been more updates over the last couple of weeks, but this is actually good news for you. We have been very busy on different fronts and have made more progress finding out just what was done to frustrate the efforts to get BCIT Trading again.

In 2009 DTC told SEC that the lock was in place as there was no Transfer Agent, but nobody has actually seen a DTC notice locking this cusip for that reason.

A number of you have been in touch with the SEC Investor Advocacy team. We were somewhat surprised to see a letter that had been inaccurate in 2010 being trotted out. According to the SEC they had been told in 2009 by DTCC that BCIT was locked because there was no Transfer Agent. SEC accepted this despite the fact that Empire are shown in their own SEC filings and there is no record of a lock notice being issued by DTCC and there is no sign of nay lock or chill on the DTC system. As there is no mention of fake shares being an issue this shows the DTC agree with our conclusions that there are not any.

The SEC also confirmed that they knew that the proposed reverse split and name change had not gone through which begs the questions of why they changed the name on the SEC Edgar Filings to Energy Source and why they revoked a company that did not exist ie Energy Source and not Bancorp. We do know that they realised something was wrong as they sent a clarification to OTC Markets telling them it applied to Bancorp BUT they used the wrong Cusip. The fact remains that there is no revocation order for BCIT

The correct Cusip number and details of the Transfer Agent have been sent to brokers SEC, FINRA, NASDAQ, DTC by signed delivery letter. I must reinforce the point that the Cusip ending 106 has not been valid since January 2006.and that as none of you had certificates this really is not an issue for you. More to follow in the near future on this.

If you have not already done so you should now be raising your complaint with those enforcers of securities legislation the SEC. Email them at [e-mail] and just tell them when and how may shares you bought from who and that you want to make an official complaint that they are wilfully refusing to deliver your certs. You can also raise your complaints with the FINRA ombudsman. Go to this link and then click on the send detailed message.

http://www.finra.org/AboutFINRA/Ombudsman/

The most exciting news is that the reactivation of pursuing commercial interests is well under way. Unfortunately we are limited about what we can say about these because of various regulations and the confidentiality and non disclosure agreements that are in place. I think most of you know the approximate geographical location of these core interests which remain mining and the extraction of natural resources.

The new BCIT bank account is now open. That was a laugh, explaining the name change fiasco and all that stuff to the bank and it took ages, but now it is done. So those of you who wanted to donate or buy shares but did not want to by the previous set up can pay directly to BCITs bank account.

For the next week we will be operating on very much reduced manpower, so just be patient with us if we are a little slow in getting back to your emails.

Jo Markham