Masta I am troubled by this comment of your post:
"You made plenty? A lot of people lost big." -- Welcome to the stock market...there is NO level playing field. If it is not the company screwing you over, it is the market participants...or both. Trade 'em, don't marry 'em. Goes for every market, every exchange.
Aren't the market "participants" here soliciting funds with a unknown goal currently? Yes, it is being implied with the belief that the funds are going to get us trading, but that is Megas's job, period. It doesn't matter if this costs Megas $2 million dollars to get it done. All costs will be refunded off the top to Megas by the company. He has in his control the entire short position at his disposal to sell at the open. Thats over $500 milliion dollars at the very least he has the opportunity to make if we trade just at $1. We all know the short here if covered correctly will easily surpass that S/P. If Megas is an intelligent business man he would have realized that. We did.
Megas has taken over four years to come out of the closet and call the DTCC the crooks they are. I question if Megas even wrote the PR or if it was provided by shareholders. Megas should have screamed corruption years ago.
This BIG goal of keeping everything secret is pathetic. Thats why we havent traded now in over four years. Call the DTCC names and claim they caused the problem, but do something about it and make it public.
It doesn't matter if BCIT does business or not. THEFT IS THEFT! People buy baseball cards for thousands of dollars because they want to. Our brokers have a LEGAL OBLIGATION to acquire for us what we purchased even if this company sells nothing. Thats what they took our money for and thats what they will need to explain when they try to say it shouldn't cost them that much for the crime they committed.
It should cost them whatever it takes to make us whole at our price and their business. Don't take money for what you can't deliver is the under lining common sense.
Thats their problem and not ours.
Thats why laws exist, to remove people who shouldn't be where they are.