Replies to post #29902 on Bancorp International Group Inc (fka BCIT)

[serfdom]

But how can you "swap" legitimate shares...

For shares that are worthless?

I believe the "ultimate solution," whatever it may be, will result in the destruction of all counterfeits. They will NEVER have value.

[Sportsjunkie]

but a lot of these contract between the shell owner and
company include a longer period of time and has penalties
for any changes or loophole entries...

[Mark_Leh]

Thanks, Matrix. As always, great digging.

This is the swing trading prohibition. I don't think that this applies here, but I'm not an attorney. My understanding is that the swaps Gramm-Leach-Bliley are talking about are trading vehicles like credit swaps, not transactions between companies. But I am going to have a securities attorney clarify the issue sometime over the next few weeks. I'll report back to you privately unless someone else here is interested.

Once again, thanks for the input. No matter what happens, I'm going to end up knowing more when this is done. I appreciate the education.

[Texbanker]

What does a swap agreement definition have to do with BCIT shares. Apples and oranges imo. Swap agreements are used to hedge risk, most often interest rates. How do you jump from that type of agreement to BCIT. Pard, you seem to loll in the FUD now doncha?

[Texbanker]

What does a swap agreement definition have to do with BCIT shares. Apples and oranges imo. Swap agreements are used to hedge risk, most often interest rates, most often using options. How do you jump from that type of agreement to BCIT. Pard, you seem to loll in the FUD, now doncha?