Replies to post #158507 on Bancorp International Group Inc (fka BCIT)

[puckhead]

This is what confuses me, people buy and lose money in stocks everyday. Pretty much every second in OTC land.....

The crime is not the selling of legitimate shares. Naked or Not...
the crime is the selling of forgeries.

[op9171787]

kind of hard to understand, as we cant see all that you're seeing of this giant mess, the timeline, etc.

but it is hard to understand why folks who bought BCIT shares anytime before the SEC halt on August 29 (?) 2005 don't all get to be part of a settlement.

DTC should include all brokerage purchases before the SEC halt of August 29, 2005. imho. you would think the brokers would be MORE liable AFTER the August 11 (?) DTC memo.

[goodthings]

Mretgnol, under the assumption that there is no clear- cut date for the pre-lock shares and post- lock ones,
I hope the DTC and the brokers (e.g. Etrade) will consider
including the shareholders who bought this stock by
September 14, 2005, when they discuss a solution.
I'd like you to take my suggestion into account.

The SEC terminated the trading of BCIT on Sept. 14, 2005.

The DTC and the brokerages do not have to deal with the
shares issued by Megas and UBS stuff. Those things happened AFTER the SEC official announcement on September 14, 2005.

If some people bought the shares from Megas, UBS, etc
after the SEC announcement in 2005, then I think they have to
solve problems with Megas and the UBS and the brokerages involved.