Replies to post #76795 on Bancorp International Group Inc (fka BCIT)

[H2NRG]

glaszman... your post triggered my memory of this post...

http://www.investorshub.com/boards/read_msg.asp?message_id=19201052
Posted by: clarity789
In reply to: Texbanker who wrote msg# 71809
Date:4/27/2007 7:49:52 PM
Post #of 76795

Tex - ever consider another possible option?

Perhaps Megas is using this suit in District court as a vehicle to obtain legal information - the kind that cannot be contested in a Federal court (such as the civil Pino case).

Once Megas has collected the information from the legal summons, what is to stop him from dismissing all charges/claims without prejudice and then making a new motion in the Pino case. Seems Megas could find several ways to integrate these now proven unregistered shares are flooding the market..... and ask a Federal judge to have them cancelled.

Megas would be able to prove - beyond question - that there are millions of unregistered shares on the market, directly as a result of the actions of Pino..... and sue for additional damages.

Megas may have abandoned the concept of 'naked shorts' because it is basically unprovable (historically). So perhaps his court stance is to claim - and prove - that the shares really exist.... and they are unregistered

I believe such a tactic might very well succeed. A Federal judge can certainly order that unregistered shares be cancelled.

But - it's just my opinion.

[kenco]

glaszman, your assuming that the "trouble makers" if indeed there even are any outside of the original settled case that this eminates from, play ball, odds are that if they were savy enough to pull off what is alledged, they are savy enough to get the case dismissed in the first place, thus leaving the "innocents" with a headache, this was filed as a way to wittle down the share and investor count by intimidating people into giving up their claim on the equity, that agreement that the plaintiff is offering is absolute proof of that, in my opinion, seriously though, anyone that actually answered without challenging the jurisdiction, or the whole case on its merits, has severely compremised their legal rights and placed themselves in legal peril.