Replies to post #108002 on Bancorp International Group Inc (fka BCIT)

[RedneckInvestor]

Good point, one that should not get lost in the mix here.

For 2.5 months the MM's traded air shares to "maintain an orderly market". The only thing they were interested in was collecting as much money as possible from investors, and then pull every string in the box to keep it all -- and they're still trying, as evidenced by the failure to timely notify all shareholders of the upcoming proxy vote.

[janice shell]

Serfy's wrong about that. Megas knew something was wrong in early May. As we ALL know, he tried to dicker with Mario. Megas corrected the company info with the Nevada SOS when Serf says he did, but he didn't talk to the SEC or DTCC until the end of July.

Megas issued subsequent PRs warning of probable counterfeit shares as early as Aug 1, yet still the brokerages and market makers played for profits. They also ignored a memo/alert from DTC August 16, and continuing to buy and sell over 250 million bogus shares of BCIT during this period.

That part is true, but Megas had already wasted more than two months. Then the SEC and DTCC were slow to respond; about two weeks too slow.