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**************************************************************************************************** **************************************************************************************************** DEC 12-13-07 NEWS biz.yahoo.com There are currently 525,035,229 shares of our common stock validly issued and outstanding. As described in Part II, Item 1. "Legal Proceedings," we were initially aware of approximately 243,842,000 additional shares of our common stock that we believe were wrongfully issued. We have also identified 306,207,408 shares of common stock that are currently held in brokerage accounts, which shares may be in addition to the shares noted above. Based on the foregoing, we estimate that a total of 1,075,084,637 shares are outstanding, whether validly issued or invalidly issued, comprised of 525,035,229 validly issued shares, 243,842,000 invalidly shares identified previously by us, and 306,207,408 additional invalidly issued shares held by brokerage firms on behalf of various beneficial owners. If our continued investigations reveal additional shares or reveal that the number of such shares is less than described above, we will report such conclusions by filing an appropriate Current Report on Form 8-K. After consideration of various means to resolve the issues of the invalidly issued shares, we currently intend to undertake a reverse stock split of our common stock. If undertaken, we intend to base the reverse stock split on a ratio that would reduce the number of our outstanding shares of our common stock, whether validly or invalidly issued, to approximately 5,000,000 shares. Such action, if undertaken and completed, would also result in the reduction of the number of our shareholders. Following the reverse stock split, if undertaken and completed, we intend to recognize all then outstanding shares of our common stock as validly issued and outstanding. Because we intend to recognize the 1,075,084,637 shares of our common stock described above in the proposed reverse stock split, the 243,842,000 invalidly shares identified previously by us and 306,207,408 additional invalidly issued shares held by brokerage firms on behalf of various beneficial owners are assumed to be outstanding for purposes of this report. In connection with our desire to pursue energy exploration and development opportunities, we intend to change our name to Energy Source, Inc. to reflect our current business intent. **************************************************************************************************** **************************************************************************************************** For the record we bought in @ .0015 -MoneyMade *Background info* DTC warning: Hey Ameriturd You guys didn't get the memo?? geocities.com *TIMELINE of events - trading volume and Company events investorshub.com *Email from Etrade authenticating BCIT shares Message 23496608 *Email from Ameritrade authenticating BCIT shares Message 23504910 *Aug 29,2005*First public mention of DTC Aug 16 memo verbally cited by Ameritrade as justification for AT "global freeze". Presumably In reaction to the confirmed float announced by TA, share price skyrockets to .053 in the first 1/2 hour of trading. Ameritrade still allowing sell orders, but begins rescinding buys placed days earlier and warns customers that buys/sells placed in the the last 13 days may also be rescinded. First reports by customers of sell orders being denied. Most brokers still allowing "sell only" orders. By 10:00 AM, Ameritrade halts all trading for BCIT. *UPDATES* 4-19-2007 Petition investorshub.com 4-20-2007 MEGAS explains the purpose of the lawsuit against shareholders: investorshub.com =================================================================== " P L E A S E H E L P" The Infamous Broker plea for help email below Posted by: CMLuce In reply to: None Date:9/1/2005 11:14:18 AM Post #of 20561 This is one of several emails from brokerages asking Thomas for side deals. Thomas said NO. The appropriate SEC people know who, what, where Mario went. The proper FBI office knows.  This is just one brokerage that Mario used. From: joe XXXXXXX <XXXXXX@yahoo.com> To: Thomas Megas <tpm14@hotmail.com> Subject: RE: Mario Pino & referrals deposits and sales of BCIT Date: Wed, 31 Aug 2005 05:23:46 -0700 (PDT) August 30, 2005 Tom Megas Bancorp International Group RE: Mario Pino and referrals deposits and sales of BCIT Mr. Megas, I am the broker and branch manager of XXXXXXX XXXXXXXX XXXXXXXXX office in Oklahoma City., Oklahoma. Mr. Pino has placed XXXXXXX XXXXXX XXXXXXXXXXXX and its clearing firm First Clearing at risk from his sales of BCIT shares that are failing to clear transfer. There are 10 (ten) different accounts where stock was deposited by himself corporately and by other people he hired, then sold that amounts to 215,863,000 shares of stock. My proposal is for the accounts to settle with BCIT for the proceeds from those sales, account by account, using an attorney in Austin, Texas that can fully comply with a Texas 504 stock offering.. Mr. Andrew SXXXX is his name, he can be reached at XXX 773-XXXXX. XXXXXX XXXXXXXX XXXXXXXXXX has frozen the assets in all the accounts pending a resolution to this problem. Please contact me as soon as you receive this email so that me may negotiate a solution to this disaster caused by Mr. Pino. I can be reached on my cell phone though Thursday afternoon at 214-XXX-XXXX. After Thursday you may reach me at my office in Oklahoma City 405-XXX-XXXX Thank you for your time and assistance in this matter Truly yours, I am XXX XXXXXXX ragingbull.quote.com 2005 petition: ragingbull.quote.com ========================================================== MONEYMADE TALENT ON LOAN FROM GOD!!! | ||||||||||||||
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