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Microcap & Penny Stocks : BCIT.... $1 or bust. Tale of "A broker's Plea for shares"

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To: rrufff who wrote (77)4/19/2007 11:43:13 AM
From: M0NEYMADE   of 209
 
WHAAAAAAAAT! BCIT is suing me and i LOVE IT! Read this:

copy of summons: oscn.net

First some background info on BCIT

a] In 2005 "brokerages sold hundreds of millions of more shares than were legally available" AFTER Megas the CEO for BCIT issued a counterfiet notice PR stating that the company's charter had be hijacked and shares unlawfully sold!!!

B] And 2nd the brokerages still kept on selling for 2 weeks AFTER the DTC notice!

Bancorp is the plaintiff, and the 1272 named are the defendants and in fact are being sued by Bancorp.

The SUMMONS states as follows:

You have been sued by the above-name Plaintiff, and you are directed to file a written answer to the attached Petition in the Court to the above-address within twenty (20) days after service of this Summons upon you exclusive of the day of service. Within the same time, a copy of your Answer must be delivered or mailed to the attorney for the Plaintiff. Unless you answer the Petition within the time stated, judgment will be rendered against you with costs of the action.


This is a very methodical tactic to force culpability against those that sold the illegal/counterfit shares. Think about it. What are the majority of the responses going to state? "I bought X shares on X date for X amount through X brokerage. Due to my relationship/ account with X online brokerage or X 3rd broker, I was given no reason to believe that the shares I requested for purchase were anything but a legitimate investment in Bancorp Interational. The reason or purpose of my investment was .... I trusted that my request for transaction was legal and justified based upon my relationship with X brokerages."

I personally did not pull certificates. What this tactic, IMO, is attempting to do is a) identify who knowingly purchased shares from the brokerage/ transfer agent that Pino et al distributed copies of falsified shares, b) identify that the DTC and NASD allowed the sale/ resale of BCIT shares knowingly after notification by the company that counterfeit shares had been distributed to the market; c) identify who holds physical certificates to further identify the authenticity of such certs; d)transfer the culpability and responsibility to the brokerages that continued to sell BCIT; e) validate the OBO/NOBO lists; and f) utilize the legal system to efficiently and expeditiously address the failures of NASD and DTC to re-establish trading in BCIT and ultimately force their hand to comply with the exchange and cover, settle, or fall under very intense scrutiny under in the public veil.

What I don't think happened was Megas got everything out of Pino et al that he had hoped and the next step was to cast a bigger net and weed out the real problems. Unfortunately, that net caught all who have bought shares period or all who bought shares after x date (maybe 8/16/05?). I would be surprised if we do see any filings before the 20 day deadline at this point, or any further PRs that do anything but summarize what has taken place.

REGARDS,
MONEYMADE
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