When shareholders bought their BCIT stock through their brokerage they paid a fee. Part of that fee goes to the broker and to the custodian and to the settlement firm.
But if all of these BCIT shares that we bought were Naked Shorted stock....then How can they collect money for settlement of phantom shares that do not exist ? How much money was paid to the settlement firms ? How did these firms report this money on their books as they never really settled any of these shares ?
I think these are some of the questions that should be raised in any future law suit. Because I think that issue would prove FRAUD !!
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