Replies to post #106647 on Bancorp International Group Inc (fka BCIT)

[clarity789]

What part of the Megas Plan confuses you?

You seem to think that when Megas states he will issue certs for 550 million shares (2.75 million after RS) that its just clever wording?

Do you think that Megas has zero intention of turning over those new certs to the DTC?... that maybe he's gonna hold them and try and force someone to buy them?

[Shilo]

I usually try to invest with the reasoned, thinking part of my mind, not on belief my friend.

[zxc]

Sorry, 2late, but I just don't understand your logic here.

In BCIT's latest filings it's stated that Megas is implementing a 200:1 R/S. A R/S is an EXCHANGE of shares. For every 200 old shares the holder will receive 1 new share. There is no PURCHASE of shares involved. In his filings Megas states that he will recognize ALL shares for the purpose of the R/S, whether they be valid or invalid shares. I can't see how there could be 2 methods of executing the same R/S:

1) An EXCHANGE from current valid shares to the new valid shares...and

2) A PURCHASE of new valid shares for every 200 current invalid shares.

How are we to understand your statement that our brokers will have "to acquire new Energy Source shares which they won't get unless paid for".