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Versatiletrader

08/30/05 5:33 PM

#18667 RE: fringe_remnant #18656

what happens to this bcit now fringe
thanks

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thinkmesh

08/30/05 5:33 PM

#18668 RE: fringe_remnant #18656

'fringe_remnant' How long will it take for the paper work to go through? If BCIT files for a forced buy in to remove fake shares how long does it take? Can the SEC and MMs simply ignore it?


TM
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stocktoastcrunch

08/30/05 5:34 PM

#18671 RE: fringe_remnant #18656

yes that needs to be addressed because i also spoke with Cindy today and she didnt really know how to address how the holders of 'fraud' shares (buyers of shares after 2001 or buyers of non-March Indy shares), would fare as this goes forward, especially dealing with new share certificates. She needs to be fully instructed by the CEO as to exactly what to say to folks.
she could spook tens of millions of shares out of people with incorrect or incomplete comments along these lines - and spook those shares right into the hands of the mm's.

Owners of non-March Indy shares need to be concretely assured that they are going to be protected. I imagine thru the short squeeze deal/forced buy/share cert exchange/cusip change, etc,etc.