Replies to post #80901 on Bancorp International Group Inc (fka BCIT)

[H2NRG]

Hence the reason for delay tactics by certain parties.

[whonose5]

kruy--the time of suspension can only mean the LATEST and LAST time of suspension--dating from when BCIT last traded, for .15.

by that standard we have another year to burn!

imo
whonose5

[Kramrer]

Thanks Kruy for your post. How do shareholders go about filing a claim against our brokers? Time is running out here so action must be taken soon.

[Joda]

Thanks kruy....Must say though, the law as it is applied, referenced in your post, SUCKS.

On the one side they can kill companies by ilegally manipulating the share price. On the other, if they get caught, they may give us back the money they tried to steal, if we are lucky...?

Isn't right...

[matrix]

Wouldn't the statute of limitations start the day Megas notified the public vs the first day of suspension?

Did you ask the attorney his opinion about chances of recovery for those who purchased after the company's notification? People can put on the old innocent act, but the fact is most purchased after finding out there was a problem and wanted to be part of a MOASS. Prior to being sealed, initial answers to the lawsuit showed purchase dates after Megas' announcement.

[ohbull2000]

Good Mornin'.... thx. kruy for sharing your...

lawyer's views when available. And... YEP... brokers would love to drag this out indefinetly sooooooooo... IMO... our various state AG's are our... CLOUT!

When/if we get details of the actual short/ftd position it should make for some interesting info that, IMO, our fine fine brokerages would not like the public to see (sharon on RB found a very telling situation of late).

When/if the next Act starts we should not only be looking for our shares but the details... the devil's in the details... and I for one am forwarding it on with that Great composite up in the iBox.

Now our brokerages, ET for me, may well just do the right thing (as Harrisdirect had stated they would back in '05)...and go get our shares from whomever they bought from originally and then everything is ...cooolll.... if not? then our state AG's will hopefully help out.

We, imo, really don't have any other "heavy hitters" on our side unless we spend a bunch of $ and get Christian/O'Quinn to rep us (for ex.)but even then as kruy points out the brokerages have very deep deep pockets. (as shown yesterday in the OK legislature situation)

[Huntewr7]

kruy, I purchased shares from Etrade in late Dec. 2005. Why is the date in Aug. that you quote?

[10thMountain]

Thanks, but geez, whatever happened to the "Brokers HAVE to provide good shares for their clients theory", that everyone has been touting here, including Megas himself? Now it's coming down to this??

Ohbull, even YOU seem less confident all of the sudden. What gives??

[bobbybdb]

kruy, Wasen't our last trading day in November of 2006, when we were taken off the daly list, and if we go to arbitration, wouldn't it be from the last PPS when the freeze was applied?

I do not believe we are in a SEC suspention currently,I believe we are in a DTC freeze on clearing.

From all indications the SEC approved the 15c-2-11 and removed the suspention when we were put back on the OTCBB.

The SEC is a government regulatory, the DTC is a private clearing house.

[Arkait]

Kruy: Thanks for info on Statute of Limitations. Sounds about right
to me.