Bancorp International Group Inc (fka BCIT)

[luxytx]

I sent the following email to megas and cc'ed the following:'[e-mail].'; '[e-mail]'; '[e-mail]'; '[e-mail]'; '[e-mail].'



Mr. Tomas Megas,

I have information that you are residing in Spain is this correct? Do you have a time frame of when the financials will be filed or in what manner you are solving the problems that are currently making BCIT non-tradable? As a shareholder I do not feel very informed, not only are there no financials but there is not any sort of useful information from Bancorp International regarding how you are moving forward with the current non-trading position of the security BCIT.PK. The current Shareholders of BCIT are being left in the dark similar to the shareholders in the company that was once run by you as well, March Indy Corp.

After reading the Trading Suspension issued by the SEC noted in this brief it states that unless the company (BCIT) abides by the rule 15c 2-11 no broker, institution, etc... can not trade this stock or they will be reprimanded by the SEC. The information that BCIT needs to supply to the SEC is listed very plainly in the outline of this rule (see link) http://www.law.uc.edu/CCL/34ActRls/rule15c2-11.html

The SEC, brokers, institution, mm's are not to blame in this situation. Just like every other company BCIT needs to provide what is outlined in this rule to the SEC (i.e.. Copy of Prospectus, most recent annual report etc...) If you go to WWW.SEC.GOV you can see that BCIT has not filed any of this information. If any broker trades this stock they will be reprimanded by the SEC with fines etc...(see press release from SEC regarding BCIT suspension and/or
http://www.law.uc.edu/CCL/34ActRls/rule15c2-11.html)

The emails to a few scattered investors are few and far between and the PR's that have been given are gibberish and it concerns me not just for its utter lack of substance, but also for how it reflects a CEO who seems to put on whatever face he thinks shareholders want to see. If management doesn't communicate forthrightly with shareholders, I sub stain from considering that company long term. Unfortunately, at this time my assets are "frozen" and unable to be sold in the market due to the your lack of effort in getting the situation corrected. The least you can do is keep us informed with as specific information as possible. The blame seems to be put on everyone else besides BCIT, you need to step up and help make your shareholder "partners" whole or AT LEAST informed.