Replies to post #18574 on Bancorp International Group Inc (fka BCIT)

[pickspicks1]

bax-the SEC states that if a mm sold counterfeit shares then he must buy them back on the open market. You're going to be ok.

[goodfish2]

BAX What are you smoking LOL

[thinkmesh]

bax What real share holders???? there are only 1 million real shares out there!!!!! Throw a drop of water in the ocean and try to find it! thats how many shares there are now!


they are wayyyyyyyyyyyyyyyy screwed!


tm

[newair]

Bax, what you have posted is probably correct.
However, it is also where the value comes in. Your broker, via a MM has sold you something which niether of them had to sell in the fist place. Shares being called in would be about the best thing that could happen. At that point, the mm's via the brokers have to rectify this situation. Thus the run up in price. They must at that point by from the open market in an attempt to cover. So while in one sense you may have been screwed, (as you put it) look at the bright side, you just may be in for a big kiss to go with it.


have fun,

[dustybutler1]

bax... That is incorrect! Yes, we are NOT shareholders of record (certificate holders) but Cindy should not be answering a question like that as she has no clue...

Megas has said several times ALL shareholders would be protected.

I am forwarding your post to Megas so he can address this matter with Cindy. That was very irresponsible on her part.

[Iluvbbs]

Say what?? Then what the hell did my $10,000+ dollars buy from Scottrade thru their MM called NITE and SWAB?? Thin air??

[thinkmesh]

The problem is that I have not received a response from him! His inbox may have exploded! I have a suggestion. How about having one person email him with all the suggestion, comments and questions. May be then we amy all get our answers on a timely basis.


TM