Replies to post #32192 on Bancorp International Group Inc (fka BCIT)

[kruy]

OT: Suggestion to your suggestion.

If you want people to believe that "not all penny stocks are scams" you better not use TNOG as an example.
Anybody that followed it in '04 will tell you about when the CEO and their IR (Clayton) tried to tell everyone that their O/S and float was 50M and 25M and were releasing pump PR's relative to those figures. When the truth finally came out that the O/S was actually 550+Million and had been that way before their "pumping" it was dismissed as an oversight by IR.(yeah right,LOL) Then the CEO mysteriously dissappeared for about a month in which nobody (including IR) could locate him, after which, the CEO claimed he had "lost" all the money that had been raised when the company dumped those millions of shares into the market.hmmmmm...not to mention the company was supposedly pumping oil since '04, yet had no revenues..hmmmm..and these are just examples for starters.
Point: (and I'm sure Janice would know better) If you want credibility, DO NOT and I repeat DO NOT use TNOG or associate the article in any way to dubious "pinks", as most really are scams and keep it to the point re SEC and it's shortcomings.

[Arkait]

As for the lead, I would not so much ASK if the SEC was efficient or knew what it was doing, as to ask why the SEC has been found to run into a situation (BCIT, and many others, which has prompted them to suspend their own laws and rules and, in essence, suspend taking action to protect investors and regulate brokers. In essence, I would ask a POINTED question about the SEC, rather than to broach criticism, by to make any definitive statement about the SEC's reaction to the BCIT case, etc.

For isn't that where we are now, with these cases, adrift with no laws on the books applied? SEC, FBI, NASD, all working behind closed doors and with sealed lips for a resolution concerning (I can oly speak for BCIT) forgery, and restricted trading, and no guarantees justice will ever prevail for the small investor and no certainty what Mr. Megas' small company can do to
get the situation cleaned up, without the SEC's taking some action, which, currently, it keeps procrastinating. Why is the SEC taking so long to act? Why, Why. Is something wrong with the rules? Or are there too many rules being broken and too
many parties breaking the rules, to check or control? Is the SEC breaking down from the volume of abuses? Does the honorable SEC need MORE RESOURCES? Be sympthetic to the SEC, as you, Janice wisely set out to do. Let the question be the statement, and let the reader sort it out with some subtlety that the SEC appears overwhelmed, and shareholders are without protection,and small US companies are without the protection they need, all
being victimized, harmed, before they have a chance to become the next Microsoft, they have this poorly regulated market to
struggle against. My take.

Recommend congress Send some money to the SEC, and also, maybe send a Congressional Committee over to see that they gets LOTS more money and staff, and maybe see if they can clean up injustic caused by justice delayed or "temporarily until further notice" stuff is seen for what it is,
... no action indefinently.

thanks for hearing me out. And thanks for taking the time to get us press. We need press more than anything, imho.