Bancorp International Group Inc (fka BCIT)

[flaflyersfan]

dustybutler1, hope things are well with you;


It is the strangest thing that all of the usual posters from both RB and iHub have flocked to BCIT simply because of Press Releases. LOL! Some will never learn.

First, the opinion off the top: I've just about seen every angle Pinky companies have used to sell stock, but this one is one of the best ever.

Now: justification.

-The CEO has been the CEO of this company since it was March Indy and stopped filing with the SEC as of November 2000;

http://www.sec.gov/cgi-bin/browse-edgar?company=march+indy&CIK=&filenum=&State=&SIC=...
http://www.prnewswire.de/cgi/release?id=39060

-The corporation's status in Nevada has been revoked twice since then and reinstated in January 2005;

https://esos.state.nv.us/SOSServices/AnonymousAccess/CorpSearch/corpActions.aspx?CorpID=243077&CorpName=BANCORP+INTERNATIONAL+GROUP

-The latest and greatest PR from BCIT and their Pinksheet info page both state that BCIT has absolutely nothing worth taking over;

BCIT has not signed nor entered into any agreement relating to any gold or diamond mining venture and has made no announcements to that effect. BCIT has made only one previous recent announcement on 6/13/2005.

Outstanding Shares: 29,030,000 as of 2005-06-09

Estimated Market Cap: 133,538 as of 2005-08-05 (based on Outstanding Shares as of 2005-06-09)

Why not based on Outstanding shares as of August 5, 2005 since hundreds of millions of shares have traded since the PR August 1, 2005?

Two final things: The Symbols for this stock since 1999:

NECD changed to March Indy International INDQ.
INDQ changed to March indy International MIDI (3:1 R/S)
MIDI changed to Bancorp International BCIT on 8/17/2001;

http://stockcharts.com/def/servlet/SC.web?c=bcit,uu[h,a]daclyiay[df][pb50!b200!f][vc60][iut!Uc20!Uf]...

1) Where have they been for the last 4 years? Same CEO, no business. Still no business.

2) Where is the SEC? Certainly a halt would be in order until they sort this out. Over 400,000,000 shares have traded since the CEO claimed that he signed and issued less than 5,000,000.

That's it. Oh, wait. What about this PR and the BS it contained (do you change the name of the CEO to protect the innocent? LOL!). This PR was 7/13 not 6/13 as the latest PR August 1st tried to disclaim the info in it;

``We believe our stock price at present does not reflect the true value of our company -- we have significant gold and diamond assets that we are just starting to actively mine and an established formal relationship with the Venezuelan Federal Government, that we intend to leverage as a strategic business partner moving forward,'' said Thomas Magnus, the CEO of Bancorp International, Inc. ``We are also very much aware of the fluctuating price points that can impact the gold and diamonds markets and are weighing our options in setting up hedge funds for both minerals to offset any significant changes in pricing that might occur in the marketplace.''

About Bancorp International, Inc.

Bancorp International, Inc. (Other OTC:BCIT.PK - News) is a multinational mining company that locates, mines and processes precious metals and diamonds in diverse locations around the globe. The company is operational in Venezuela at present but plans on starting additional mining operations in other locations in Africa, Europe and Asia. BCIT's growth model is based on acquiring the mineral rights where there are potential extensive deposits of precious metals or diamonds that can be located using the latest sophisticated mining processes such as digital imaging via satellites and airplane to minimize prospecting costs.

http://biz.yahoo.com/pz/050713/81646.html

Really? They better get their story straight because IMO they will have some explaining to do.

Good luck to all. Make money.