Replies to post #151032 on Bancorp International Group Inc (fka BCIT)

[NYSERule282]

LOL! Fraud is fraud. WOW!

[AlanC]

My brokerage firm removed my BCIT shares from my account and blamed the DTCC claiming the shares were worthless. Obviously there intent was to try and eliminate the liability that those shares represent. When the shares were sold to me and resulted in a FTD did they try and buy them in or was it their intent to not worry about it? Since my brokerage firm was recently notified that an opportunity to replace the markers that have been sitting in my account for years and for which they were paid was available to them at a very fair price and they chose not to buy them what would have been their intent?
No question in my mind BCIT shareholders have all been and continue to be victims of fraud.
Go BCIT!!!

[Whiplash_Investor]

See footnote one...there are cases where scienter was not required and some where it is, that negligence is not enough. Point is scienter is not required in some cases:

http://heinonline.org/HOL/LandingPage?collection=journals&handle=hein.journals/jcorl11&div=15&id=&page=