Replies to post #47853 on Bancorp International Group Inc (fka BCIT)

[Dimension]

yes,

Is he saying that when bcit starts trading, most of the people that hold fake shares will still have them in their accounts and be untradeable

but don't worry...your peers believe a 500 to 750 million OS stock will under go a "PAIV".

I can't see how there's no liability or fiduciary responsibility from the company at all.

There is, but again, your peers prefer to believe he is not at fault or has no responsibility. Rather than put themselves first (as Megas, Sytner and Holbrook has done), these kind and gentle soules prefer not to burden the all virtuous Megas....how sweet.

oh...and you are a basher (according to your peers, since you ask the right questions).

(here comes braineybob)

[rjc2827]

If someone sells you a fake Rolex watch, you don’t go after Rolex for redress … you go after the watch seller (if you can find him). Megas is right.

If you are holding what are deemed to be counterfeit shares, your dealings to resolve the problem are with the broker that acquired them and sold them to you. I’m assuming that everybody reading this board that has shares, has only counterfeit shares. There may be some exceptions.

Put your shares up for sale when you like the price being offered. Your broker will either say that he sold you valid shares and allow the transaction, or will say that he sold you counterfeit shares and will refund your original purchase price. How your broker handles the “problem” if the shares are considered to be counterfeit, may be the broker’s choice … I’m not sure.

The technicalities of how this will play out are still unknown to us; but there is the possibility of the mother of all short squeezes being part of the answer. I wouldn’t be too eager to sell your shares until you see what the game is.

rjc