Replies to post #142641 on Bancorp International Group Inc (fka BCIT)

[mastaflash]

A buy-in requires a broker to buy securities on the open market to close out a fail position. They bill the seller the difference if there is one, assuming seller is another broker. Problem is, how do you close out a fail with another fail? You can't...it is not possible...hence the suspension. Without real shares in the market, a buyin was not, and still, is not possible.

[mastaflash]

...except, of course, the fails CAN be closed out now...the company has shown the way.