Thats an interesting post in part Masta if we read it:
"as the US clearinghouse that maintains electronic records of all holdings brokerages' positions advises that cusip #05968X205 has not been registered for use as of yet.We cannot advise as to when, and or if, we will be receiving the new BCIT shares."
So if that is correct Megas does in fact control when this whole card game begins. One game that in his situation would be an ideal rule to control. The DTC already knows they don't have the new shares let alone the old shares to exchange to receive them. So the DTC sits waiting as they are for an unavoidable trip with Megas, entitled shareholders, and destiny.
The DTC accepted fraudulent shares, their broker clients sold those and then capitalized on it by NSSing it to death as the DTC cleared them. Now when push comes to shove they have nothing to exchange for the new 205 cussip shares when registered prior to when trading resumes.
Interesting senerio. I bet all 106's require an exchange for validation to acquire 205's at the time of trading when Megas issues the shares to be exchanged. Then the DTC has something valid to clear.
yeah..uhm..I got the same cut and paste message from 2 different 'client relations' people at TD. It's a load of crap and their easy way out.
but it still points to the fact that no TA has stepped up and said 'here's all the legit shares..you guys cover all the ones you sold short'. or something to that point.
Exactly, Plus there is More to that statement that can NOT be made in written form(IMO).. ALL Brokers and their clients in CASH Transactions have 100% LEGAL on their side. those with Margin accounts would have to put up a little more fight, BUT The outcome will be the same. The reason for the extra fight would be for additioanl Legal forms that would OVERIDE some small print in broker transactions with the DTCC.. The Broders would then have to go after the DTCC, and it would be those people involed PERSONALLY with the clearance of each trade to be accounted for..
So,, Again,, I can NOT say nothing more, but Thats it in a nutshell.
and to add to that,,, Megas knew that, and that is why we were sued.. No More, No Less... As I have said before,, Megas has all the proof he needs to seek justice, and has done so, for himself.. as for the shareholders, as he has said, it would be up to us as indivuals to be compensated for this fraud, and it IS being done.
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