stink , this is the only reason i pumped 15k into this shell company.in hopes of the unexpected to happen.
i guess time will tell.
maybe a buck a share.fifty cents or a quarter.
Bancorp Group to Resolve Counterfeit Share Dilemma
Ever since the Securities and Exchange Commission began looking into Bancorp International Group (OTC: BCIT), management believed it had cooperated fully with the SEC and believed such contact with the authorities would result in resolving the counterfeit share issue. Yet, President Thomas Megas is not sitting around because the SEC has been known to lack enforcement in this area. He announced that the company would be initiating a share certificate exchange for new shares that will have a new CUSIP number and ticker symbol. This comes after an August bombshell in which the company announced that many certificates floating in the market were purely counterfeit. With official share structure, confirmed by the company's transfer agent, Pacific Stock Transfer Company that includes a float of just 1,097,632 shares, shares could be on a tear once they re-open. At this point, barring a costly settlement from the brokerage houses for failing to deliver the proper shares or certificates, a large short squeeze like the penny market has never seen is in store. But for now, the shares remain halted and lips are sealed.
posted by Ant & Sons @ 9/28/2005 11:32:00 PM 3 comments
"God bless your dirty little thoughts."
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