Replies to post #140361 on Bancorp International Group Inc (fka BCIT)

[mastaflash]

Register shares yes...all companies must do that ( or file under an exemption )...but file regular reports, no. But as I said, SEC sees BCIT as having 1200 shs...so we must be reporting, or go private.

Registration of any class of security pursuant to this subsection shall be terminated ninety days, or such shorter period as the Commission may determine, after the issuer files a certification with the Commission that the number of holders of record of such class of security is reduced to less than three hundred persons. The Commission shall after notice and opportunity for hearing deny termination of registration if it finds that the certification is untrue. Termination of registration shall be deferred pending final determination on the question of denial.

[bobbybdb]

op9, Well I guess I lost Carlton on this, I really wanted to know what type list he used to establish the findings of 100 shareholders,he said on their registry

Is it through the TA records? Or where did it come from, and yes you can have a limit on the amount of shareholders to qualify for trading,it could very well be 300, as even the amount that Carlton has records for could also be correct, if he achieved them from the proper people.

With all that said, we know that there are at least one thousand shareholders holding much more than is said to be issued.

I will post the reasoning for all this when Carlton can answer where he obtained the list, He did say shareholders but that would not be much of a authenticated list, I'm looking for something that has the TA attached to it.

The TA the company used when shares were issued, would have a complete list of all they issued too, and how many shares they issued.