Replies to post #90004 on Bancorp International Group Inc (fka BCIT)

[Huntewr7]

2late, That is also my understanding also. Would not be much cost to the co. to cover the legal os at all. The NSS would be covered by the ones who sold them.

[mainuh]

2Late,
to answer your question simply, the outstanding shares required to be covered by any cash dividend at this point would be 525 million shares, there is no other way to slice it legally, imo.
It doesn't matter where those shares are held, the OS is what it is. Of course, if we are holding more shares than the OS, there has to be a buy-in of the oversold shares,(supposedly) and if any broker or mm that is still short they would have to pay the cash divi on the shares they oversold.
You have to figure any cash divi disbursement on the current OS, not what it once was, even though the illegal actions took place when the stock had a much lower OS, that's just the way it works. If Megas had never upped the AS/OS then your numbers would be correct and your scenario would apply, imo.

Mainuh