Research Pit

[Mr. Zen]

a word to the wise.. a little while back i alerted this board about BCIT and told people to bail when I found out about some fraudulent shares... some didn't here is the outcome

Peter D'Allexxxxxxx to tpm14
More options 10:34 am (8 hours ago)

Dear Mr. Megas,

Hi, I am a shareholder in your company Bancorp which I bought shares of through Scottrade, or at least I thought. The stock looked interesting and was moving up nicely so i bought some, little did I know I bought fake shares. The reason I am writing is because the money that I had invested in your company was not extra money that I had which was going towards my wedding, it was money that I needed. These people that sold these fake share which I bought are now ruining peoples life. Please make sure this you protect the people who believed in you and your company.

Thank you,

Peter D'Allexxxxxxx
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Thomas Megas to tpm8, me
More options 4:14 pm (2½ hours ago)

dear peter, you must understand that the directors and the company has not sold a share for over 4 and a half years. We offered nothing and sold nothing. The sec no doubt
will eventually deal with the perpetrators of the fake unauthorised certificates. Like you the company is a victim and must act in the best intersts of its SHAREHOLDERS. Unless the authorities intervene bcit cannot totally satisfy the demands of its legitimate shareholders and those who have been duped.
Bcit is not a regulator, not the sec not the nasd all of whom at this point appear silent on the matter. Bcit is willing to join any class action and will in the near future attempt to initiate such and will in such aa case invite others to join.
bcit will do what it has to do on the premise there will be little done by the authorities(other than jailing the culprits) and the need to continue with its business.

I suggest inactivity is possibly the best course of action and allow events to reveal themselves before undertaking any remedial action. There hopefully will be an announcement
next week.
thomas megas
bcit.