Replies to post #118391 on Bancorp International Group Inc (fka BCIT)

[clarity789]

I have a much better idea for a list.

Why don't you keep an updated list on all the things Megas will do within the next 60 days to save BCIT from being delisted?

I greatly enjoyed his purported email to Dow Jones.

[kruy]

Well, first of all..Maybe you should contact the SEC and correct them with your "facts" that we've gone over again and again about our rights in respect to our brokers. That is what you are referring to...huh f1fan??
Here's a blast from the past from a poster that contacted the SEC in regards the SOL...not to mention, I personally have asked more than one Securities Law Atty, and they all agree that the SOL is in play. (or should say was as it has expired).
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=15669868

Thank you for contacting our office regarding the problems you've experienced in attempting to sell your shares of Bancorp International Group (stock ticker symbol: BCIT).

We have asked Ameritrade to address your concerns in a written report and to provide a copy to you and us. It may take four to eight weeks to receive a reply. After reviewing the report, please let us know if you believe the report is misleading or does not address your concerns. Unless you contact us again after reviewing the report, we will not take any further action on your complaint

In the meantime, you should know that both federal and state securities laws provide important legal rights and remedies if you have suffered wrongdoing. Acting on your own, you may be able to resolve your complaint through the courts. Please do not view any steps that we may take as a substitute for taking legal action on your own: our efforts may not produce a satisfactory result, and by law we cannot act as your lawyer.

To take advantage of these laws, you must initiate legal action promptly or you will lose your legal rights to recover funds. These time restrictions, known as "statutes of limitations," vary by state, with some states allowing more time for investors to take action than others. The federal securities laws require that you must bring a court action within two years of the date when you should have reasonably discovered the wrongdoing, but in no case later than five years from the date the wrongdoing actually occurred. You may wish to consult a lawyer specializing in securities laws to determine how much time you may have to resolve your complaint through the courts.

[kruy]

As far as No.2..Minimally correct as NSS is alive and well in some aspects of the markets concerning REAL companies and shares, but in respect to BCIT,,not an issue. Someone dumped shares and Megas covered them...the few actual NSS shorts that remained when this was halted was around 48K shares if I remember correctly.

3.Partially correct. Our shares may not go "POOF" per se, but unless you are content just to look at them in your acct for the rest of your life, that will be the extent of it as they won't ever trade.

4. Again, Megas DID cover shares..read the SEC filings that he submitted.

Have a good day

[janice shell]

No our shares will not go POOF if BCIT was to get delisted...

Of course they won't go POOF. You'll own shares in a private company.