Replies to post #135712 on Bancorp International Group Inc (fka BCIT)

[realwood]

Thought provoking thread.
We are private yet need to file with SEC
Megas has not filed with SEC.
Hmm...interesting.

One would think a simple filing would help Megas/BCIT in it locked in fight against the Evil ones.

I wonder why he has not filed...

[mastaflash]

It was my understanding that companies can file a form under 12G exempting registration of securities, and the requirements to report. I see companies doing it all the time....as long as assets are less than $10M AND shareholders of record does not exceed 300. What is different here?....other than the fact that # of shareholders IS greater than 300 as well we know (around 1200 actually). And yet some would claim we are not shareholders...

In short, we are valid shareholders and ES MUST file reports to trade publicly. N'est pas?

[carrot_on_stick]

By the way, how come wanker has not paid his fees to Empire?

probably because the "legal fund" did not collect enough donations. my wag is that fund was put together on the fly to pay up all the things the sfc wanted. the sec revoked the stock before the needed amount was reached. 20k for an opinion was an absurd reason imo