Replies to post #158658 on Bancorp International Group Inc (fka BCIT)

[weebie]

Brokers knew Aug 16. Shareholders ONLY AFTER HALT.
Brokers officially knew they were screwing their clients from Aug 16 to Aug 31st.

This was the first time shareholders learned of the Aug 16 DTC Notice:

Questions/Further Information

Questions regarding this Special NTM may be directed to Susan
DeMando, Associate Vice President, Financial Operations, Member
Regulation, at [phone].

Discussion

On August 31, 2005, the SEC temporarily suspended trading in
the securities of Bancorp International Group, Inc. (Pink Sheets–
Symbol: BCIT) pursuant to Section 12(k) of the Securities Exchange
Act of 1934. In its Release, the SEC stated that it temporarily
suspended trading in the securities of BCIT because it appears that
all of the securities currently trading in the name of Bancorp
International Group, Inc. and purportedly signed by Thomas Megas
as President and M. Puig as Secretary are counterfeit. The SEC
trading suspension began on August 31, 2005, at 9:30 a.m. E.T., and
terminates on September 14, 2005, at 11:59 p.m. E.T.1 Furthermore,
The Depository Trust Company (DTC) issued a special alert regarding
BCIT on August 16, 2005, which included a notice that DTC had
discontinued all services relating to BCIT, other than custody services,
as of August 11, 2005.

[janice shell]

Yes. Over the years, the fact that most people who bought, bought because they hoped they'd profit from a short squeeze has been... obscured by different memories. Ones involving loyal "investors" who were screwed by the SEC, DTC, and their brokers.

While I don't disagree that the authorities failed to grasp what was going on quickly enough, and failed to move quickly enough, anyone involved in BCIT was most royally screwed by Megas and his sidekick Stewart Sytner. From the beginning of the story until now.