Replies to post #75686 on Bancorp International Group Inc (fka BCIT)

[Art2Gecko]

Why in the world should BCIT be forced to legitimize to their detrement hundreds of millions of shares that brokers naked sold short. What should happen is that the SEC/NASD/DTC unsuspend the buy-in that they suspended 2 years ago in the NASD notice http://www.nasd.com/web/groups/rules_regs/documents/notice_to_members/nasdw_015019.pdf

The first OK lawsuit legitimized the thompson/pino counterfeit shares. The remaining millions of "invalid" shares are FTD's.

[nwsun]

id like to see the issue of naked shorting proven by this bcit case as well as who are the co-conspirators in the naked shorting industry. this case should show not only how many shares were introduced through fake certificates, but also just how many naked shorts or ftds really exist.

naked shorts exists to fleece the retail buyers of stocks... an orderly market should be made by matching buys to sells and not sending shills out into these boards to pump a stock when the insiders know its destiny is the opposite of what is being hyped. the penny market has become nothing but a thieves paradise. the governing agencies must also create a SHO listing that works. FTD's should never be an ongoing event as happens all the time.

an orderly market place is a fair marketplace. the fake certificate criminal industry will either be energized or cut off before it strikes again by the outcome of this investigation and legal disposition. this lawsuit/declaratory judgement must ultimately promote technology and safeguards that will catch fake certificates before they become part of the open market inventory.

where are the brokerages in leading this effort? if the safeguards to stop fake certificates from entering the market place are already in place, why didnt they work? lets turn this bunch of lemons weve been dealt into a positive market changing event.

[coinsguy]

I'd like to see Megas forced to recognize the shares in question as valid shares.

I'm sure you would, Janice. Forget for the moment that it would be unfair to the genuine shareholders of BCIT because of the massive dilution that would be forced on them. Despite the fact that they nor BCIT had anything to do with all the illegal shares on the market. BCIT has no responsibility whatsoever for the illegal shares.

You are blatantly transparent, Janice. Obviously anyone in the back pocket of the brokers or naked shorters would like to see what you describe happen. It would get the brokers off the hook for tens or hundreds of millions of dollars that it would cost them, to actually have to cover the naked shares they sold, and make the genuine shareholders pay for the damage they caused! How could ANY student of the securities industry even suggest such an idiotic and illegal action?

You claim to be a proponet of cleaning up the market and exposing frauds like CMKX. What about frauds like the brokers who created the air shares in the first place? What about frauds like the journalist who claim to be objective in their reporting and free of influence?

Only someone on the take would want to see the victims victimized! Is that really what you want to see, Janice? How much did it cost the brokers/shorters to buy you, Janice? 100 grand? 200 grand? Still a drop in the bucket compared to what it will cost them to have to cover on the open market. Let's not quibble here. How much were you worth to them?