BCIT....How this halt has wrecked lives: Now I know many will tell you "never invest money you can't afford." But we live in a capitalistic society where ANYONE with humble means, a humble beginning and only a dream can go from a little black girl reporting the news in bum f@%# Missisippi to one of the worlds richest women and media comglomerates (Oprah Winfrey/Harpo Entertainment)
So it ticks me off when i read the hardships that many of my fellow shareholders have had to endure for nearly 2yrs now because the SEC suspended their "forced buyin rule" on the the account of a few ARROGANT brokers who thought they could get away with selling shares they didn't own nor could produce.
(See BCIT TIMELINE investorshub.com
Here are just a few examples below, and i'm sure there are many more...my only hope may those bastards responsible for this mess get double the hell and hardships these poor guys and their familes have had to endure. In closing whenever there is an "imbalance" hahaaaa...Ameritrade, Scottrade, and Etrade all have a funny way of stopping investors from buying and only allows the selling of securities when it becomes at the brokers' own peril . Hopefully the attorney general in Nebraska is not so corrupt. -MONEYMADE-
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Posted by: Iluvbbs
In reply to: Arkait who wrote msg# 61601
Date:2/18/2007 3:50:57 AM
Post #of 61640
Your very welcome.
I, like you, I assume, just want to see a resolution here that benefits us financially since we have had our money frozen for 18 months, while at the same time I hope this ENTIRE issue becomes VERY publisized(sp) in print and EXPOSES AT and ST to the VERY core of their ILLEGAL ways.
I also hope those who were behind giving the ORDERS to "limit" our buying power and to just accept "sells" are at the very least FIRED and their Series 7 licenses are yanked permanently.
As I have told everyone who reads these posts here, I am on a "fixed" income from my pension, and way back when (august,2005), I threw $9600 at BCIT to buy my shares.
I was buying right up to .05 per share as well as had tons of shares at .003 and .006.
It was damn near everything I had to "risk" in "savings" BECAUSE I NEVER thought for one moment the SEC would ILLEGALLY "suspend" their own rules to FORCE the buy back after our initial 20 day halt.
By the SEC suspending those rules, when I bought here, I bought thinking that I could make a fast flip and god willing, I could possibly double my money in a very short period of time.
Then I would have taken the principal and profit and moved on and found another "flipper" play. My motive was to turn that $9600 into approximately 50K over the next 12 to 18 months. Which brings me to approximately today.
Incredibly, the money (50K) I NEED, right now, within the next 90 days at the latest, to excersize a mortgage "option" I have on my current property "title" for a "right of first refusal" on an ADDITIONAL 5 ac. land and house "parcel" next door to me here that is also "lakeside".
During the "boom" I had also started with under 4 figures ($3500) in one account and 12 months later, and after the dust settled, that account was worth $127K and I thought I could do it again with my $9600 here.
Now my $9600 is STILL tied up and the "seller" is actively looking on the outside for a buyer and unless a miracle happens here within the next 90 days, I am NOT going to be able to afford to "excersize" the option and believe me when I tell you, I have been waiting for 5 years for the seller to decide to sell. JUST my luck, it would be now. But it makes sense since spring is only 3 months away here.
My "major" problem to pre-qualify with ANY conventional "lender" is that my ONLY PAPER income is the "fixed" income from my pension and since it can not be legally "attached" in the event of a default, NO lender will look at the money as income. So I am back to an "all cash deal".
ST has NOT ONLY USED my money for the past 18 months without paying me interest on it NOR giving me the option of getting it back, BUT their selfish, dispicable actions MAY cause me to lose this INCREDIBLE OPPORTUNITY I have waited 5 years for.
Were I not physically disabled with slightly "limited" mobility (my knees have been operated on 5 times and I have a stainless steel 4" rod holding my lower spine together), and I DO ultimately lose the opportunity to excersize the "option" to purchase the property........,
I just might have to go to the ST Albany office and have a "talk" with my "mean spirited" ST "assigned to me" broker WHO still laughs at me on the phone and ANYTHING BCIT stands for, OUT in the parking lot.
Sure I might get arrested for simple assualt, BUT I guarentee you, that particuliar broker WILL wish he had NEVER laughed at me or my investment in BCIT. I say this with conviction, because I am not a small man, (6ft,190#'s), can still hold my own even at 52, and I am SERIOUSLY pissed at the "arrogance" of the way "brokers" and "brokerages" treat us, the "smaller invested" investor.
Don't worry, I promise this entire board, I will NOT go "postal" on the guy. LOL. I just want him to NEVER forget who gave him the beating of his life that, to me, he so justly deserves.
So, in closing, does anyone here have a spare 50K they want to lend me SHORT term??? LOL. I will make the "terms" worth your while!!
Steve
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Posted by: Arkait
In reply to: Iluvbbs who wrote msg# 61603
Date:2/18/2007 12:25:01 PM
Post #of 61635
lluvbbas, the day Scottrade closed down sells, ahead of the
SEC halt, I had $16K worth of stock I had tried to sell.
That same, at .15 is now worth $48K. Scottrade shot me in the foot and then, I truly hope, shot themselves. I put all of my
money which the market had not stolen in BCIT(and Scottrade's tricks account for some big losses, in prior incidents) and have not traded since.
Like you, I have huge mortgage payments on my new building that I am sweating to make. Bush's economy has been unkind to my tenants, my state's economy, and this has all redounded on me. Like you, I need financial help very soon. If it comes to light that huge hedge funds shorted BCIT
via Ameritrade and SCottrade and other brokers, I would expect
they also will see the blinding light of justice before this
exercise with BCIT is over. I even expect certain bankers,
those who are being sued by Overstock, shoudl have to fork over a portion of their huge profits for 05 and 06 to clean up their mess.
When I caught wind that T. Megas was going to take action to clean up the counterfeiting mess, bring his filings up to date, and pursue justice against any nss, I got on board.
If he succeeds, I will stay on board with about half of my
investment, as a way of saying thanks and as a vote of confidence in his leadership and straight shooting.
It has been a pleasure to indirectly know Mr. Megas, and I would miss being a part of his company, should I dump all my shares. It has been an education watching Megas maneuver like an English bulldog, and reading all the intelligent posts of other shareholders, here. I have saved so many good posts, which I hope, in thelight of great publicity this stock may
generate, would make a heck of a story.
We seem to be at the last chapter, now. From Aug 05 to the present, Daily, I have faithfully read the boards. I recall some days so few posts were recorded and spitits were so low, I would just post "Good Morning" to help keep the board alive.
And, oh yes, being a religios person, I have been praying since I parked my last investment dollar on T.Megas's company. For me, prayers often improve one's odds substantially, so I am quite optimistic. But I have been saying all along, expect dirty tricks and delays upon delays from the brokers who settled my buys but have failed to deliver the stock, ....to date. I await T. Megas's legal advice how to "deal with the brokers", as he promised.
That, I believe, will the part of the text of his expected
"announcement.".http://www.investorshub.com/boards/read_msg.asp?message_id=17171010
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