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

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From: M0NEYMADE5/10/2007 2:47:57 PM
   of 209
 
Well said: Posted by: zxc
In reply to: None Date:5/9/2007 11:55:00 PM
Post #of 77826

"I'M BEING SUED! I'M BEING SUED!!!" To all those who are crying and whining: Yes, you're being sued. I'm being sued.
It's time to sit back and look at the overall picture.
Stock market fraud is like a cancer. Very difficult to cure. Those who counterfeit and naked short are not stupid. Some are also very powerful, rich and very influential. They know how to make their crimes unprovable. Companies and investors are frustrated that they are stymied by these corrupt forces. Innocent individuals have tried various ways to bring this corruption under control, without much success.
Thomas Megas is trying something different here. He's not directly going after the naked shorters, but by wanting to exchange his issued good shares for the counterfeit ones, he is exposing a huge naked short position in BCIT. He has chosen an unorthodox method to get the company's share exchange accomplished: Sue those who hold COUNTERFEIT shares. What does this do? It brings to the fore those who are entitled to GOOD shares, for exchange purposes. With this evidence in hand he can then go to those regulatory agencies who are not allowing BCIT to trade.
Will this work? No one knows, but those who own shares certainly hope so. Those who don't...well, we all know their spin.
Sometimes a cancer can be cured by chemotherapy. That must have seemed like an unorthodox treatment at first. Treat cancer with something that in itself has the potential of causing cancer? But many times it has proven to be a successful treatment. What informed cancer patient who is able to look at the overall picture would say: "I'M BEING POISENED! I'M BEING POISENED!!!" If you can't handle being sued give up your shares. You have that option. You have to decide what makes you more comfortable: making a defence for yourself, keeping your shares and hoping that this unorthodox method might get you the $'s OR giving up your shares and being relieved of the law suit.
Your choice.
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