Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Microcap & Penny Stocks : BCIT.... $1 or bust. Tale of "A broker's Plea for shares" -- Ignore unavailable to you. Want to Upgrade?

To: rrufff who wrote (77)	3/21/2007 1:47:13 PM
From: M0NEYMADE	Respond to of 209

BCIT: New Megas email "company`s publicly stated objectives" List, 1/ In September 2005 we entered into a non-binding joint venture agreement with ESC Oil Export, Ltd. Under the terms of this joint venture arrangement, we will obtain the rights to sell and market the oil and natural gas production from the petroleum reserves of Papua New Guinea. This joint venture agreement is subject to the approval and acceptance by the government of Papua New Guinea of certain related natural gas and supply contracts. Until the governmental approval and acceptance are obtained, our joint venture agreement with ESC Oil Export, Ltd. will not be binding or effective. Because we are only in the preliminary stages of this joint venture with ESC Oil Export, Ltd., we have not completed a definitive plan of operation. As of the date of this report, other than the non-binding joint venture agreement with ESC Oil Export, Ltd., we are not considering any other plan of operation. 2/ The new number, valid from this date is 05968X205 and replaces the old number of 05968X106. 3/ The company is seeking to enable the market maker, Legacy Inc., to commence making a market in the shares of BCIT, given that they are now eligible to trade. 4/ Within the past 30 days the Company entered into a Letter of Intent with a Midwestern oil company that will enable the Company to acquire the working interest in producing wells and proven non-developed reserves. The Company is awaiting an additional engineering report that will determine the price to be paid for the wells and reserves in concluding the final terms of the Purchase Agreement and estimates the study being completed by July 25, 2006. Midwestern Oil company was/is tied to bigger exchange listing. No Midwestern Co. = No Nas or Amex listing? The objective in acquiring the Midwestern oil producing properties is to assist the Company in its current objective of becoming an Energy Corporation and enhancing its ability to qualify for inclusion or listing on the NASDAQ or American Stock Exchange. 5/ will address BCIT 's prime responsibility to its legal shareholders, make the company's shares tradeable and remove counterfeit shares in circulation. These time consuming measures are the necessary steps essential to the company achieving its objectives of completing its filings and effecting a reverse merger. =============================================================== FROM TODAY...... From: "Thomas Megas" To: @yahoo.com Subject: Re: fsh BCIT concerned shareholder/role of transfer agent Date: Tue, 20 Mar 2007 19:39:18 +0000 a great deal is currently happening in relation to most of the company`s publicly stated objectives, but I cannot make any comment as to specifics at this time. tm bcit

To: rrufff who wrote (77)	4/19/2007 11:43:13 AM
From: M0NEYMADE	Respond to 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

To: rrufff who wrote (77)	5/3/2007 1:26:50 PM
From: M0NEYMADE	Respond to of 209

THIS IS FUNNY!!!! fROM IHUB: "i Just got the Charles Schwab letter from Richard A. Karoly VP Senior Corporate Counsel suggesting that they will file the response for me and represent me in this lawsuit... However, I already responded yesterday... I wonder what will happen if they represent me now..." ARE YOU KIDDING ME!!!!!! WHY WOULD SCHWAB GO THROUGH THE TROUBLE AND EXPENSE...OUT OF THE KINDNESS OF THEIR HEART AND GOODNESS. GEE AMERICA IS GREAT!