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realwood

10/02/07 12:06 PM

#89586 RE: Stock Stallion #89581

What am I missing? That link shows the 10Ksb that says BCIT is suing 1500 shareholders not SEC lawsuit.
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coinsguy

10/02/07 12:37 PM

#89596 RE: Stock Stallion #89581

legalegaltx, ok, from this then I gather that 244,748,000 common stock shares WERE deposited with the DTC in order to cover the counterfeit shares sold by JH Darbie & Co. (25,025,000) and Capital Growth Financial, L.L.C (219,723,000).

However, I also understand that there are over 500 millions shares on the market, which means there are at least another 250 million that are either counterfeit or naked shorted, and it is this that the DTC has a problem with and why there is a global freeze.

The problem is I don't know what exactly the DTC is claiming as the reason for not allowing BCIT to trade. Are they claiming the company is responsible for them? Are they claiming that the judgment against Darbie and Capital Growth covered these, or what? And what is Megas claiming? Is he saying that there was an additional counterfeiting going on or is he claiming that these additional shares are from Darbie and Capital growth but were not a part of the judgment against them because they were unknown at the time? Anyone have any clues.