Replies to post #118770 on Bancorp International Group Inc (fka BCIT)

[camper9]

Sorry, that makes no sense. To rely upon that means anyone can give certs to the DTCC, and the DTCC will subsequently put those certs into the system.

The DTCC has to do the diligence to assure the certs it accepts are valid. Without that diligence, as we have seen, anyone can put invalid certs into the system. So the question remains, why did the DTCC allow bad certs into the system?


      ¶ The answer as to who was supposed to recognize Pam's fraud was....the active Transfer Agent at the time Pam tried to take over.

[Art2Gecko]

The real transfer agent at the time was Pacific Stock Transfer.

[Art2Gecko]

"Stewart Sytner (who is now in deep crap for his role in the scamming of nearly $20 Million from Sentinel and has a history of hanging with scammy people)"

And exactly what role was that?

[ditch72]

"Certain people on this board keep acting like the DTCC is some sort of cert holding center when in fact, the pool of shares are actually held by Cede."

Cede & Co. is the nominee name for The Depository Trust Company, a large clearing house that holds shares in its name for banks, brokers and institutions in order to expedite the sale and transfer of stock.

Please do not say that there is no direct connection between Cede and the DTCC.