Replies to post #89682 on Bancorp International Group Inc (fka BCIT)

[molson_ice1]

newair- you have it right IMO as the large financial win/loss is significant here. you also have it right that the powers that be were not expecting Megas to take the steps he has taken. at the end of the day, Megas has seemingly taken the appropriate steps to have trading resume in which he is the CEO. As I have stated previously, once the filings are released along with the 205 shares our brokers will have "no more excuses". And the DTCC for that matter IMO. And at this point we don't even know if the DTCC is stonewalling. Per the recent court doc it was the "Regulatory Parties" that suggested litigation against the shareholder base. At the root of it all, it was a breakdown in the system and I firmly believe that the system will let the market work itself out here. All my opinion of course...

[8d7a2h5]

NeWair- there in lies the problem that I have been preaching about for months. Take your .15 # and make that $1.00 or $2 or even just .50. There is no way that the SEC DTC or whoever will ever let this thing get away. Especially a company that is just a shell, no revenue production and can't even file.
This is what leads me to believe that TM has gladly accepted a handsome pay off and will continue his silence until BCIT is just a distant memory.

[Arkait]

I'm guessing about half a billion short, or $75,000,000.
But you are right, Newair, the stall is on bigtime.