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BCIT has a fun looking chart that looks like it might be poised for a double rebound. Anyone agree?
Posts: 255 | From: Charlottesville, VA | Registered: Feb 2005
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Be careful with this one, it is literally a lottery ticket. It's involved in a o/s scam and the ceo is about to release a clarifying statement inside the next 48 hours, by his own words. It will either shoot through the roof or will disappear off the market, 50/50 chance of going either way. Play it safe, but be prepared to part with 100% of your money. There will be no "partial grace" with this one. All my opinion, of course, from following this one for the past couple of weeks. GLTA
-------------------- Just my rusty opinion. Your own Due Diligence is KEY! Posts: 102 | Registered: Jul 2005
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I was in at .0015, DQ, got about half out at .0025 earlier today, what I'm riding now is practically free. Only reason I got out was this thing was just too nerve racking for me. I've got faith in and enormous respect for a couple of people on another board who have done some incredible DD (one person in particular, you know who you are), but, all things considered, the math is really not in the favor of the shareholder. If there were a half-guarantee that those who did the scamming would be held accountable for the losses, then every honest shareholder would come out a winner. Unfortunately, that is practically never the case. The scammers get a slap on the wrist, move on, open up shop elsewhere, and the shareholders are left holding all the losses in the form of now worthless stock, as the company itself folds. In most cases like this one, it is a lot easier for the company owner/ceo to just walk away.
I really, honestly hope that this is that one time where the shareholders win and the scamsters are forced to pay up, literally. History, however, puts the chances of that happening at close to nil.
Let's hope for the best. Don't bet the farm. Do your own DD, there is TONS of it. GLTA
All my opinion!
-------------------- Just my rusty opinion. Your own Due Diligence is KEY! Posts: 102 | Registered: Jul 2005
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Bancorp International Group Inc. Announces Initial Interim Conclusions of Ongoing Investigation Monday August 1, 5:53 pm ET
NEW YORK, Aug. 1, 2005 (PRIMEZONE) -- Let it be known that as a result of the BCIT announcement at 10:30 a.m. on 6/13/2005 the company hereby announces the initial interim conclusions of an ongoing investigation.
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The company has been the victim of corporate identity fraud (click on the URL below). On 4/21/05 via fraudulent documents filed by a ``Louis Lesser'' with the Nevada Secretary of State, there was an illegal attempt to take over BCIT by Carter Care Inc. by way of a purported reverse merger (5/12/2005). This occurred without the knowledge and consent of the BCIT shareholders and board. Prior to BCIT being alerted of the fraud, there was no contact with or knowledge of Carter Care Inc. by BCIT and its board. Carter Care was subsequently contacted, and a verbal agreement was reached for a retraction in the form of a wire announcement by Carter Care. However, an announcement was illegally made under the BCIT banner and referred to a reverse merger that had never legally occurred.
Let it be known that those individuals and corporate entities involved with the illegal takeover of the company printed invalid share certificates with the legend Bancorp International Group Inc. These certificates were signed by Richard Carter of Carter Care, and hundreds of millions of shares have since been printed. These shares are apparently being illegally sold by market maker Sterne, Agee & Leach, Inc. (SACM) http://sterneagee.com, trading office 980 North Federal Highway, Suite 108, Boca Raton, Fl 33432; tel (800) 930 3536. The Birmingham, Alabama office of the Federal Bureau of Investigation has been initially contacted in this regard.
Let it be known that these shares have no value and do not constitute any of the legal equity of BCIT. The official printed and issued shares of BCIT do not exceed 4,890,000 shares which bear the legend March Indy, signed by Thomas Megas. The investigation is ongoing, and state and federal regulators have been made aware of the problem. Attempts to agree to compensation of $2,000,000 for damages have foundered on the issue of criminal liability. The company accepted $50,000 as a partial payment to cover initial investigation expenses and as part of an overall settlement for damages.
BCIT has not signed nor entered into any agreement relating to any gold or diamond mining venture and has made no announcements to that effect. BCIT has made only one previous recent announcement on 6/13/2005.
In November 2004 BCIT commenced bringing its SEC filings up to date and consulted with brokers in the USA and Europe regarding a reverse merger with a European realty business. BCIT hopes to rehire its original transfer agent http://pacificstocktransfer.com in tandem with its SEC filings. On 6/20/2005 Thomas Megas and Martin Duffy were reinstated as officers of the company with the Nevada Secretary of State. On 7/28/2005, Blue-sky Solutions, LLC, having been hired by the fraudulent parties, resigned as investor relations contact for the company.
In the interest of protecting current shareholders who may unwittingly be holding illegally printed shares, BCIT will be petitioning the NASD to enforce SEC rule 203(b)(3) http://www.law.uc.edu/CCL/regSHO/rule203.html and effect a ``buy-in'' by the parties who originally sold the invalid shares signed by Richard Carter and have effectively ``failed to deliver'' what they represented as valid shares of BCIT.
Thomas Megas President and CEO Bancorp International Group Inc 15 Onslow Gardens Suite 7 London, SW7 3AW United Kingdom Phone: 44 20 78239258
Source: Bancorp International Inc.
Posts: 230 | Registered: Jun 2005
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