Replies to post #125555 on Bancorp International Group Inc (fka BCIT)

[realwood]

15% tax is less than what a lawyer will take from any settlement.

[bobbybdb]

Depending what State you live in, here in California it would be 15% fed and 10% State 25%, did you read where I said that a settlement does not necessarily mean we loose our shares.

At this point I really don't see where a settlement would be coming from, so far the SEC & DTCC seem to be hanging tough, and the nss shorts, won't budge unless the SEC/DTCC caves in. That imo, is not likely, unless there is some real solid evidance presented, backed up by a fabilious VALUATION of the company.

[mastaflash]

If the DTC decides that they will never clear BCIT then it will never clear. That doesn't mean it will never trade...however. The biggest obstacle to trading, besides not having a counterparty, is the fact that BCIT is not quoted. Don't underestimate the power of ex-clearing. We have seen it in action in all its glory. My shares were purchased ex-clearing. I will take a .15 per share damage PLUS having my shares trade...we can have both. Eventually, BCIT can move to OMX for clearing. The legal route is to force a settlement for not clearing. I'm not convinced it can force DTC to clear.