Replies to post #132822 on Bancorp International Group Inc (fka BCIT)

[727]

Who is "limo 13"?

[turn2him]

I agree with what DTCC and brokers have done. DTCC fired the first shot, by not vetting Pammy as an official TA nor the certificates. I have always stated this. Therefore DTCC allowed bogus certs to flow into the system. It is the timeline, IMO, after Megas initiates talks with Pino where things do not make sense, around 40 days, supposedly before Megas reports to authorities. Thus here we are 5+ years later,

[turn2him]

On the other issue addressing how certs can be removed from someone's account. Here is where I was referring to another method how illegal shares can get in the brokers hand without the exchange of funds thru a typical buy order with a broker. That is, someone can give a person shares/certificates for whatever reason, such as inheritance where stocks/certs are in the possession of the deceased. The recipient of shares/certs can then walk into a broker and open an account with the shares/certificates. No cash exchanged hands. Very simple. That is what I was trying to explain, but some on this board apparently did not like this explanation of how the shares of someone can be removed from their account. I was not accusing anyone of anything, but making reference to explain the possibility of how shares/certs, not IOUs, can be removed from an account. If the shares/certs deposited at broker account are found to be invalid, they can be removed from the account by the broker and returned to the DTCC and/or SEC.

To my knowledge, noone on this board has disputed that this type of event can occur.

[nwsun]

bobby, my brokerage won't talk to me on anything related to BCIT.. they say I have to have my lawyer contact their legal department... I dont own enough shares to warrant the expense of a lawyer... did anybody else encounter this with their brokerage?