Replies to post #125812 on Bancorp International Group Inc (fka BCIT)

[glaszman]

when i said you are pulling this stuff out of thin air, i did not mean it cannot/couldnot have been done.

i've been at this a long time... Nevwest was found culpable in the Edwards case right?

let's assume your speculations(cuz even tho you don't say it, that's all they are, unless you are complicit) why on earth would the SEC and the DTC and FINRA and the NYSE suspend the buy-in this long and not allow the market to "punish" or expose the short-sellers? cuz allowing it to trade would do just that.

i will grant you that off-shore brokers have done whatever they want, but FINRA and the NYSE allow them to. and don't try to tell me they can't sanction them for bad behaviour. sure they can.


Ever wonder why Stew was issued so many shares instead of his loans paid back in cash?asks Mr E


of course i did, where would that CASH come from? cash would be hard to come by if the co. isn't trading o r doing biz, i would assume he expected trading to resume.

primarily? Megas had to issue all those shares to make his own original stake maintain control of the company and he felt Stewie had earned them.

you still cannot esplain how a broker can legally allow several hundred million short from insider or non-insiders on an OS of 4 million...

[mastaflash]

Find me a broker in Canada,US or offshore that will allow anyone to short Pinks or for that matter, anything under $2.50, without horrendous margin and maintenance required and I'll be there. But you can't. Federal Reserve Regulation T requires investors to utilize margin accounts to post collateral for short sales. Most brokerage firms use this regulation to prevent investors from shorting most microcaps. Here are a few I know about: E-Trade, for example, under $2 are not marginable. Schwabb: marginable stocks must be traded on a major exchange and cost $3 or more. Scottrade stipulates stocks costing less than $5 are not shortable. Intereactive is the only one I know you can short pennies, but its brutal:

http://individuals.interactivebrokers.com/en/p.php?f=margin&ib_entity=llc

e.g. 200M shares shorted...collateral required? $5B.

All that is assuming the broker could 'locate' 200M shares.

So how would Stewart do this? Who was his broker? You should know this.

...then there is the collateral...The margin and maintenance fees, for stocks under $2.50 is a minimum of $2.50/share and that plus the cash from the sale normally cannot be used until the short is covered. ( Maintennace are in addition ). For all practical purposes, Stewart could not have shorted BCIT.

And if he did, he is facing ruin..so is the broker BTW.

That is just one of many reasons your 'speculations' are all wet...