Replies to post #104345 on Bancorp International Group Inc (fka BCIT)

[clarity789]

One major change I detected....

Megas dropped this from the 10K - I wonder why?

In addition to the 525,035,229 shares of common stock reflected on our stock records, our management has identified 954,424,408 shares of common stock that the holders thereof may consider to be outstanding, but which we believe were invalidly issued (the “Other Shares”). The Other Shares are comprised of the following shares of common stock:

(a) 243,842,000 additional shares of common stock that we believe were invalidly issued, but may be considered outstanding by the holders thereof;

(b) 306,207,408 additional shares of common stock that are reflected on the Non-objecting Beneficial Owner (“NOBO”) list provided to us by our transfer agent that we believe were invalidly issued, but may be considered outstanding by the holders thereof; and

(c) 404,375,000 additional shares of common stock that have been submitted to the Depository Trust Company (the “DTC”) to be cleared for transfer that we believe were invalidly issued, but may be considered outstanding by the holders thereof.

[clarity789]

I had hoped for more, too. At least we have confirmation of 306 million shares from the Carter debacle, and re-confirmation of the 1 billion OS.

I waited for the 10K, so my 4 complaints finally went out today. Seems I'll likely fax another complaint to the SEC concerning the 1 billion OS but only 525 million allowed to vote. Something not right about that...

But sure looks like a done deal... 200/1 reverse split coming this month... ouch!