Replies to post #117805 on Bancorp International Group Inc (fka BCIT)

[kruy]

From the latest and last BCIT SEC filing:
As of December 31, 2007, it is believed that 1,075,133,570 shares of the issuer’s common stock, $.0001 par value, were outstanding, of which approximately 272,655,453 shares were held by non-affiliates of the issuer.

[kruy]

And then we have this from the previous 8k..how is it possible for shares to vote without being recognized???..in other words covered.
Seems Megas has a VERY big problem in accounting for BCIT shares.

According to Section 78.350 of the Nevada Revised Statutes “…every stockholder of record of a corporation is entitled at each meeting of stockholders thereof to one vote for each share of stock standing in his name on the records of the corporation.” In addition, our Bylaws provide that “only persons in whose names shares entitled to vote stand on the stock records of the corporation on the date of any meeting of stockholders…shall be entitled to vote at such meeting.” Based on the Nevada Revised Statutes and our Bylaws, the Other Shares were not entitled to vote at the Annual Meeting, because the holders of such shares were not listed in the stock records of the Company on May 8, 2008. Nevertheless, each proposal would have carried still, if each share included with the Other Shares (approximately 350,200,000 shares) voted against each proposal, resulting in 1,752,691,870 shares in favor and 350,200,000 shares against.