Replies to post #149335 on Bancorp International Group Inc (fka BCIT)

[SevenTenEleven]

Those naked short selling have been allowed to do so with reckless abandon. They have illegally stolen billions from retail investors while the SEC and FINRA stood on the sidelines cheering for them.

It is time they are forced to buy into the ask to cover their FTD's. That, or allow them a cheeper way out. $1 per share for each and every sub penny stock they cellar boxed.

[SevenTenEleven]

It is more like 1 chair for 10,000 people playing, IMO.

[CarltonH]

In 2005, there were 645K genuine shares on deposit at DTCC
That is correct and at that time there was total float of 1 million shares give or take.

In September 2005 a senior compliance manager for one of the USA biggest brokers wrote to a concerned BCIT Investor and said there was no naked short despite the fact that the Brokerage he works for still needs to cover 117 million shares.