Replies to post #75723 on Bancorp International Group Inc (fka BCIT)

[matrix]

Someone posted the other day that the MM suggested this lawsuit idea to Megas. Don't know if that's true, but I doubt the DTC instructed him to use certain language let alone sue all the NOBOs. They know NOBOs don't hold certs. There's no need to do a fishing expedition for this because they have records where the FTDs are located. It appears Megas didn't work w/ them to narrow down where they are.

I don't see how NOBOs will help. Doesn't everyone's account show their BCIT shares as settled trades rather than FTDs?

[janice shell]

yes, it is probably worded that way at the request of the dtc.

Somehow I can't imagine DTCC counseling anyone to sue people on a NOBO list for possessing "false certificates".

I mean, DTCC DOES know what a NOBO is.

[janice shell]

I really doubt that BCIT's first choice was to sue 1200 people...

Then what do you think was their "first choice"? Try to understand: DTCC would not recommend winkling out "false certificates" by suing a bunch of people on a NOBO list.