Bancorp International Group Inc (fka BCIT)

[jb1967lbk]

Of course I'm so sure of this. I know the paths that are available for companies to go public. For BCIT, starting out with a 10-12G is the only path that has a chance of being viable and makes sense.

BCIT isn't going to end up with an exchange listing. At best, they'll be back on the pinksheets again, IF they can comply with the requirements to be public again. Compliance is certainly not a given if you're talking about Megas and BCIT. Even the OTCBB is beyond their reach. And they're not going to do a reverse merger into another shell. The reverse merger path is for entities where a very small, select group of insiders (not hundreds, and certainly not more than a thousand) seek to take a public shell so they can cash out. A reverse merger is simply not an option for a previous shell like BCIT that let their registration get revoked.

Furthermore, even a 10-12G filing is no guarantee that you'd get to trade again. Unless something of real value has been put into BCIT, which is doubtful given that they had <$500 worth of assets, half a million in debt, and a billion shares outstanding several years ago, FINRA will look at them as a Form 10 "Blank Check" company and refuse to issue a symbol.

"CarltonH" can continue his CUSIP-change Chinese fire drill and talk up the E*Trade case, but it's not going to get you any closer to trading... unless he coughs up a 10-12G. Even the E*Trade case was an aberration. It was an $800 judgement that would have never arisen had an inept paralegal at E*Trade not stipulated to the findings of a temp judge in a small claims court. That's a mistake that E*Trade, or any other broker/dealer, is unlikely to repeat.

In short, if there's not a 10-12G prepared, you're not going anywhere. "CarltonH" knows this. If you're stuck with BCIT shares, the ONLY questions that matter, that absolutely demand answers, are "where is the 10-12G?" and "what's in the 10-12G"?

Unless/until you get those two questions answered, you're just being strung along. Sadly, for BCIT investors, getting strung along is not a new experience.