Replies to post #141180 on Bancorp International Group Inc (fka BCIT)

[machcobra]

my guess is very few of us hold certs as has always been. In fact I would love to see anyone here with a cert!

[bobbybdb]

f1fans,What we bought were Broker IOU's that had no cert backing in the DTCC, therefore we paid the brokers money they in turn gave us their promissory notes.In other words we unknowingly loaned the brokers our hard earned money, interest free.

What then were traded and hypothecated, were IOU's not shares.

How we can bring this all together I have no idea, brokers will not grant our request for refund or buy certs from the company to cover our IOU's.

Pressure must be applied as it was in the CMKM incident, that pressure must be headed and applied by the company, to put brokers in a position that they have a offer that they can not refuse, as IBM managed to do in the past, causing brokers to hand deliver certs to shareholders through their representatives, that were purchased to cover, (boxes full).

IMO the only outcome is to have brokers purchase certs from the company and either deposit them in the DTCC in their street name as they told us they did, or forward those certs to IOU holders, and clear their books.