Replies to post #80927 on Bancorp International Group Inc (fka BCIT)

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I would think if he doesen't file it soon he will lose the 15c-2-11 / Legacy status. I can't figure why he would want to do that.

It doesn't have an impact on that. Not filing required reports impacts listing and registration. The former is not a problem because BCIT currently sits in the grey market and is not listed on the OTCBB or an exchange. The latter isn't a problem either since the feds don't move for revocation of registration until a company has been delinquent for a year or more.

One danger though is the stock may spend an extra year on the pinks under the three-strike rule if trading ever resumes.