Replies to post #28623 on Bancorp International Group Inc (fka BCIT)

[Art2Gecko]

I like this part..

"We do not know which market makers or brokerage firms may be trading the security in the open market. Since the stock is in fact "chilled" at the DTC, if Scottrade attempted to trade the security at this time the result would be a broker fail to deliver. This would lead to an eventual buy-in of the failed to deliver security. This means any trades that would occur, would eventually be removed/cancelled since no delivery or settlement can occur."

um.... you should tell them.... "hey, no it won't just look at it now...The NASD has suspended the buy-in rules. according to them there won't be any buy-in, so why not just trade the shares, and make your commission"

...lol. Would be interesting to see how they responded to that..

[karbin12]

My broker just explained to me that my request for Certificates is not possible since BCIT stock is non-transferable as of Aug 22nd. Non-transferable....hmmmmm

Also, they made a mistake by charging my account the 50 bucks plus tax for the request....bazturds!

[Zardiw]

That is F>>KING amazing. The DTC issues that notice on 8-16, and so every brokerage out there helps run it from .005 to .053, a rise in price of 1000%. Oh the HUMANITY!!!!!!.........what a bunch of CROOKS, starting with brokerages, and market MONKEYs, and extending all the way to the SEC...............z

[serfdom]

Thanks for sharing your letter H2.

It's in the "scandal file!"