Replies to post #47855 on Bancorp International Group Inc (fka BCIT)

[Joda]

Good post. How could we find out what is their compliance policy with regard to fake shares.

Will they strong arm all of us and only capitulate to the ones that file action ?

Sure seems like the game is more to their favor then with a squeeze like PAIV.

They will manipulate the hell out of this, no ?

[lakers17]

Would love to actually see a short squeeze. When was the last real one in the OTCBB? They rarely if ever happen but get talked about a lot. Any know the last one and where did it start out at and how high did it go?

[molson_ice1]

RJ- I tend to agree with you although if eTrade tries to simply refund my money I will give them the old Dikembe Mutumbo finger wave. All of my shares settled T + 3 and I will demand my shares be free trading. If giving back my original investment was part of the plan they should have done that last year when I requested it.

[SammyTheBull]

I did ask my broker about selling shares. He laughed when I said they were fake but it's not too funny when you're trying to cover a margin call. Not that I thought I would get anywhere with the shares but was hoping that they would refund my money.

He said that if the shares are fraudulent and I tried to sell causing settlement to fail, that I would be responsible for a buy-in and a $45 service fee! But then he said it was a moot point because it's flagged as no-buy/no-sell on their system.

He did ask me why the SEC and FBI hadn't intervened since securities fraud is a federal matter. Any idea why not? I did tell him about the civil suit.

He also said that no replacements had been issued, no new cusip was showing up and the transfer agent was marked as unassigned.

The worst part was that my service agreement holds them harmless (I'm still reading through the pdf file). They acted as an agent on an unsolicted basis (his words). So now what? tia