Replies to post #158649 on Bancorp International Group Inc (fka BCIT)

[op9171787]

hmmm, sounds like what I spoke about yesterday. BROKERS PROFITED BIG FROM NAKED SHORT SELLING BCIT, and yet we keep hearing just about Femia & DTC lying to brokers, as if the brokers were innocently acting in ignorance. far from it. the brokers are just as guilty as the DTC. probably more, as the brokers were doing what they have been doing to thousands of companies over the last 20-plus years - selling shares for profit that they never owned in the first place.

[Tgarfield2]

Reading the board back then it seems enough and a lot of information was out. That is the time to settle the accounts not buy more. The lack of information was lack of experience it seems. There is a time to blow out.

dawg245
Monday, 08/29/05 10:25:38 AM
Re: Zardiw post# 15766
0
Post # of 158656

I just got off the phone with them and they are blaming it on the DTC. The rep told me there were issues with the shares. LMAO! Helloooooooooo! I told her we knew that, that is why we bought.

[goodthings]

I think so, too. Brokers also knew they were not backed
by the DTC.

Like us, brokers must have read the DTC alert on August
16th, 2005, or they must have been informed by the DTC.


Consequently, I think the brokerages which sold shares
from August 16th to 31st, 2005 are also liable.


My guess is that the shares traded until August 31st, 2005
could probably be the pre-lock shares; the share prices on August 11 and 16th were less than 0.01. The price was about 0.04 and 0.05 towards the end of August, 2005. (But not on Aug. 30th, thanks to market makers)