Replies to post #75687 on Bancorp International Group Inc (fka BCIT)

[janice shell]

Why in the world should BCIT be forced to legitimize to their detrement hundreds of millions of shares that brokers naked sold short.

Let's see some proof that that actually happened. So far I've seen none. I believe it's entirely possible that most of the current "air shares" got there because MMs were responding to demand by shorting naked. They can do that. Ironically, if trading hadn't stopped for so long, it's possible that those shares would have been absorbed.

And all that looks like a drop in the bucket compared to the number of shares Megas gifted to himself and Sytner, should they choose to convert them from preferred to common.

[bob41]

Now Art, was that a court ruling? Or a settlement (between part of the parties mentioned)?

[camper9]

Art, that would let the brokers off the hook. Which, by the way, seems to be the core goal of the basher tactics this past week (and, from the looks of things, continuing into next week as well).


      ¶ Why in the world should BCIT be forced to legitimize to their detrement hundreds of millions of shares that brokers naked sold short.