Replies to post #75776 on Bancorp International Group Inc (fka BCIT)

[janice shell]

Think musical chairs. Who's stuck when the music stops? Or in this case, the trading.

But if Megas has reason to think any of them did anything wrong, then why sue 1274 people? Or perhaps more than 1500. Why are some people getting the dismissal letter who never even got a summons?

[matrix]

this list is going after anybody they can identify that had anything to do with the paper trail IMO...


Perhaps in YOUR mind that's the intent, but the 10K says the lawsuit was against "purported shareholders alleging that they hold improperly issued stock certificates." It doesn't mention some were sued for another purpose. If his intent was the same as what you believe, ask yourself: Why did they quickly drop 2-5 for ALL defendants not just some? Why didn't he sue the other clearing houses, broker-dealers, etc? He could have used the same shotgun approach as was done w/ investors. Ever consider if he has problems understanding NOBOs don't hold certs, he's probably clueless about clearing houses too.

Megas may be able to bamboozle some of the retail investors, but he's way out of his league going after those w/ deeper pockets.