Replies to post #87762 on Bancorp International Group Inc (fka BCIT)

[mainuh]

that's right wynsurf,
the company has all the shares, they got them back after the first court doings in OKC. They opted to issue them, then CG/Darbie had to return them to cover their short. It's all in the filings.

Mainuh

[LexTrader]

The shares that were supposedly paid for by the offending parties covered the old cusip #106 not the 205s. If when they received the shares to cover they submitted to the DTCC, then they still must be there, but the DTCC will not allow the releasing of them if there is a large short position. Thus the DTCC will not allow to be released until TM either reduces the number of shares or adds to the number in the market. The 246mil at BM are the 205 waiting to be exchanged for the 106s, and without an agreement between TM and the DTCC, there will be no exchange or trading. TM knows if certs are pulled they become worthless under the 106#. And no broker will exchange our 106s for 205 no matter how much we complain and gripe. It is and always has been in TM court to either reduce our shares (which he tried) or add to the shares needed to cover all shares in the market.IMO