Replies to post #125846 on Bancorp International Group Inc (fka BCIT)

[glaszman]

Do you understand how much cash
Lido, Stew, and his cohorts had at one time? You only need a contract showing you can guarantee delivery. As an insider, pretty easy to make that contract (real or forged).


how would i know what thier cash position was. do you know?

Sytner was not an insider until after 2005.... what contract would they have?

if you are saying that Sytner would put his supposed millions at risk that he already owned to put your complicated and highly risky short selling spree together?

i can only say that we would have to assume they are addicted to the scam.

it makes much more sense to look at MM's who can do this more or less legally. The DTC already knows the answer to these questions.

[glaszman]

Right, they saw what appeared to be an illegal short position mysteriously covered to the tune of 240 million shares. Why would the DTCC not expect otherwise on the rest? Do you see any other lawsuits against supposed short sellers by Megas? says MrE

uh, Mr E, this is falacious logic...

the DTC didn't see anything mysterious here.

this is one of the long term arguments of the naysayers..

there is a legal provision (references provided recently here) that allows shares to be issued in conjunction with court orders. there was nothing mysterious done.

the Brokers who got those shares were presented with the counterfeit certs/shares which you said was a civil issue remember?

you claimed that FINRA and the NYSE had no responsibiltiy and that ordering them to buy-in those shares was not reasonable.. i disagree. that buy-in would have been apropriate justice...

[ohbull2000]

Nothing mysterious, LOL....

"Right, they saw what appeared to be an illegal short position mysteriously covered to the tune of 240 million shares. Why would the DTCC not expect otherwise on the rest? Do you see any other lawsuits against supposed short sellers by Megas?

Win a legal judgment showing someone else is illegally short and then go talk to the DTCC. Go legally prove those additional shares are fraudulently issued and then demand why the DTCC wanted Megas to cover. It's all about the legal judgment.[/B]"

... took them to court, they admitted to screwing up and then bought shares from BCIT to cover the 244M. That, at the time was supposed to be the extent of the countefiet shares. The only one who truly knew the actual extent of the NSS/ftd position was the DTCC and they never disclosed the actual count, TO ANYONE. Now, and I mean just recently, the DTCC admits to accepting counterfiet certs and everything they hold is counterfiet.

I hope you're getting this, I assure you the lawyers do.