Replies to post #27391 on Bancorp International Group Inc (fka BCIT)

[janice shell]

Wasn't it Catherine Mead who was the TA up until June 20, 2005 - as Megas indicated in the following email posted July 27, 2005

No. Mead was the company's Resident Agent. At that time the company had no TA, at least from Megas's perspective:

BCIT does not have a current transfer agent, I contacted her myself about 8/10 days ago for
2 reasons. She has the original share register which will confirm my figures as to the 4,750,000
shares authorised and issued, and I wish to reappoint her as transfer agent as soon as I have completed the filings up to date for the company.

Did Pino appoint one? He'd have had to have done that in order to get the new stock into the market.

[Sportsjunkie]

i honestly do not know how that statement you made can
get overlooked so easily...all share certificates that are issued
are than sent to the transfer agent to clear..no shares can be traded until these certicates are than returned to the brokerage firm as cleared..
i am lost on how this part of the equation did not happen...
man i have some more questions in reference to all of this to ask myself tomorrow..

did somehow some new transfer agent show up on this stock,or maybe pino thinking he had bought the shell hired his own transfer agent...possible..

[elitedb]

Playstk, I am not sure but I think you are confusing Transfer Agent (TA) with registered agent (RA).

They are different persons or entities with entirely different responsibilities.

A transfer agent is responsibile for maintaining the shareholder roles and transer of stock ownership and issuance of certificates.

A registered agent is position mandated by law in all states. Most states require a corporation to have two officers, a president and a secretary who have to be different people. They also require a registered agent who may or may not be an officer of the company.

The sole purpose of the registered agent is to accept legal service of process so that legal proceedings might be easilly begun against a corporation. A lawsuit is deemed served when delivered to the RA even if never forwarded to the corporate officers. Most large and many other corporations hire one of number of firms who exist to serve as registered agents.

Hope this helps.