Replies to Post #149354 onBancorp International Group Inc (fka BCIT)

Replies to #149354 on Bancorp International Group Inc (fka BCIT)

03/29/12 3:36 PM

It is interesting isn't it.

Brokers are free to sell in the open market what doesn't exist.

A federal crime.

But they are only allowed to sell "nothing" freely until caught. At which time when discovery is made they must at least buy something in the cheapest possible fashion to give the view that justice has some how been achieved. Even if they pay less then what was stolen.

I think I will test this and let you know:)

itsmikie

03/29/12 5:10 PM

#149368 RE: mastaflash #149354

and you simply can't force brokers to buy shares on the open market when there are none to buy.

I think you might be a little wrong there.. As I see it, they can(could be) bought on the open market. A MM would be sought, and supplied with shares for LEGAL trading. With a Justified Value of those shares, the brokers would begin putting their bids in, BUT the company could tell the MM's the cost, and NOT go below that cost, or they would be held for the difference..

I am pretty sure that is a way a friend told me it could work, IF I understand him right. I believe I do. Just passing on some info that I will be verifying a little more.