Replies to post #138127 on Bancorp International Group Inc (fka BCIT)

[f1fans]

Just got off the phone w/ET they are sending me a letter stating this reason for not getting a cert:

There is a chill on BCIT,that means we cannot get your cert in street name due to the fact that the T/A can not release them because of the chill.

Fun!!!

Hope the letter makes more sense then the guy on the phone.

F1

[molson_ice1]

"global lock" infers that they cannot provide certs as the security is "non-transferable" while under a global lock. If you can get certs more power to you, but I guarantee you won't. the global lock provides all brokers with the excuse that they cannot provide certs. it also ensures that the stock will not trade outside of any ex-clearing. BOD of DTCC is made up of execs from major brokerage houses. collusion?