Replies to post #60691 on Bancorp International Group Inc (fka BCIT)

[Domerfan17]

Well said. And believe me, I am as cynical as anyone, probably more so. Megas could completely f everything up and I am open to the possibility....but, it is in my best interest as well as any shareholder that has hopes of making money, to let him play this out. There is no other way for a successful conclusion to occur. When is the last time SEC complaints have done anything but interfere with the growth or appreciation of pink or otc stock. Seems folks are being swayed buy the pitchfork wielding posters calling for some vengence type action. In my opinion that just pisses on the wheels of progress.

[op9171787]

arkait, BCIT announced the share cert exchange on Nov. 20, 2006 with a deadline of January 16, 2007. To my knowledge every single broker has FAILED to exchange their certs (mostly all in street name - of course if they even have any) and have basically laughed at the company's perfectly legal action.

this is very unusual as cert exchanges are not uncommon. of course since the DTCC "holds" the certs in street name for the brokers - they are stonewalling this for their own reasons.

i do not see the harm in BCIT investors specifically targeting their complaints on the cert exchange - asking SEC to facilitate something the company has in fact specifically already given very clear direction on - again, the share cert exchange with the new cusip. (I do not understand why CEO Megas did not also change the symbol concurrent with the cert exchange/cusip change - i find this unusual.)

Anyway, i cant imagine that we are going to screw things up or make matters worse concerning overall progress here asking the SEC to command the DTCC & the brokers to give us shares with the new CUSIP.
On this subject at least, BCIT & Megas HAVE given clear direction, and we are helping facilitate this process.

















etc


imo

[Pennimon]

If Megas felt he wasn't making progress with DTC I doubt he would have used strong wording. A clear message from him not to throw monkey wrench into things.