BCIT get in now...gonna run!
Posted by fishfarmer on :
Why?
Posted by zo on :
.0009x.001
7MMs on bid 1 on ask
a group is playing it for a run
Posted by zo on :
up 40%
Posted by zo on :
3x.0013 x 1x.0014
Posted by pensandoenti67 on :
Bancorp International, Inc. Stock Price Undervalued Based on Assets and Partnerships
LONDON, Jul 13, 2005 (PRIMEZONE via COMTEX) -- Bancorp International, Inc. (Pink Sheets:BCIT), a high growth, diversified mining company operating in multiple regions in Venezuela, today announced that it believes the current global economic and political climate underscore how valuable the company is, especially when the company's diversified holdings in gold and diamond mining operations are carefully weighed. "We believe our stock price at present does not reflect the true value of our company -- we have significant gold and diamond assets that we are just starting to actively mine and an established formal relationship with the Venezuelan Federal Government, that we intend to leverage as a strategic business partner moving forward," said Thomas Magnus, the CEO of Bancorp International, Inc. "We are also very much aware of the fluctuating price points that can impact the gold and diamonds markets and are weighing our options in setting up hedge funds for both minerals to offset any significant changes in pricing that might occur in the marketplace."
About Bancorp International, Inc.
Posted by bond006 on :
possible r/m
Monday , June 13, 2005 10:30 ET
NEW YORK, Jun 13, 2005 (PRIMEZONE via COMTEX) --Mr. Thomas Megas, President of Bancorp International Group Inc., trading symbol (Pink Sheets:BCIT), makes this announcement in order to correct inaccurate statements made previously by Carter Care Inc, its agents, representatives and others purporting to represent BCIT and Carter Care have completed a reverse merger.
Let it be known that BCIT has never entered into any agreement, neither oral nor written or ever had any contact with Carter Care or anyone associated with Carter Care prior to June 4th 2005. Also, no such agreement has been entered into since June 4th 2005. No officer of BCIT or any of its controlling Shareholders have been involved with Carter Care prior to June 4th 2005. Upon learning of the claimed reverse merger, BCIT commenced an investigation which is still ongoing. Carter Care, upon being informed of the above by BCIT, and at the request of BCIT issued a statement. The purpose of this statement was to remedy the incorrect announcements that Carter Care had completed a reverse merger with BCIT.
At no time has BCIT issued any statement that relates to any merger or reverse merger in the last six months. BCIT has not authorized nor issued any BCIT shares to any person or any legal entity in the last five months. Any shares issued by Carter Care are without the knowledge and authority of the board of directors of BCIT and its shareholders and are therefore deemed null and void and constitute no obligation or liability on BCIT or its shareholders.
An announcement to this effect has already been made.
BCIT is currently undertaking due diligence on several possibilities for a reverse merger, one of which includes Gold-Oil rights details of which are as follows. This information would not normally be released but in the present circumstances full disclosure is appropriate. There are no letters of intent related to this exercise. Compensation for damages suffered by BCIT is an issue and is being thoroughly pursued by BCIT against those whom it considers responsible.
No direct announcement was made by BCIT earlier because of the difficulty of ascertaining what has transpired. The inquiry is ongoing and BCIT will announce its conclusions as soon as possible.
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These forward-looking statements are based largely on Bancorp International Group Inc. Expectations or forecasts of future events can be affected by inaccurate assumptions and are subject to various business risks and known and unknown uncertainties, a number of which are beyond the company's control. Therefore, actual results could be differing materially from the forward-looking statements contained herein. A wide variety of factors could cause or contribute to such differences and could adversely impact revenues, margins, profitability, cash flows and capital needs.
SOURCE: Bancorp International Group
CONTACTS: Bancorp International Group Inc. Investor Relations Barkev Kibarian (602) 770-8147
Bancorp International Group Inc Thomas Megas President
(C) 2005 PRIMEZONE, All rights reserved.
Posted by bond006 on :
going to start diamond mining
July 11, 2005 09:01 ET
LONDON, Jul 11, 2005 (PRIMEZONE via COMTEX) --Bancorp International Group, Inc. (Pink Sheets:BCIT) is a high growth, diversified mining company that is presently operating in multiple regions in Venezuela today announced that it has signed a contract with Torrez Diamantes S.A. of Venezuela to purchase two diamond dredgers that are currently operating on the Orinoco River in southern Venezuela.
"This is a significant step for our company as it concretely demonstrates our intent to diversify our business model and mining operations," said Thomas Magnus, the CEO of Bancorp International Group, Inc. "This is a big step for us as it enables us to move into the lucrative diamond mining business in Venezuela -- we are purchasing two operational diamond dredgers that have a total production capacity to produce in rough form approximately over 22,000 carats of diamonds per month in one of the world's best locations for diamond dredging."
About Bancorp International, Inc.
Bancorp International, Inc. (Pink Sheets:BCIT) is a multinational mining company that locates, mines, and processes precious metals and diamonds in diverse locations around the globe. The company is operational in Venezuela at present, but plans on starting additional mining operations in other locations in Africa, Europe, and Asia. BCIT's growth model is based on acquiring the mineral rights where there are potential extensive deposits of precious metals or diamonds that can be located using the latest sophisticated mining processes such as digital imaging via satellites and airplane to minimize prospecting costs. The company's focus is on delivering long term shareholder value by developing first class mining properties that have a potential significant yield to enable the company to sustain a strong competitive advantage through many business cycles.
This release contains forward-looking statements within the meaning of the Securities Litigation Reform Act. The statements reflect the company's current views with respect to future events that involve risks and uncertainties including uncertainties related to successful negotiations with other parties, closing of transactions, capital availability, operational and other risks, uncertainties and factors described from time to time in the company's publicly available SEC reports. In light of these risks and uncertainties, the forward-looking events described in this release might not occur.
(C) 2005 PRIMEZONE, All rights reserved.
Posted by bond006 on :
thats all i have to say do your dd and make up your own mind i am watching this one
Posted by Impat on :
Seems ready for a major upgrade! We should see this one up very soon!
Posted by Impat on :
When the board announced the company was largely undervalued taken the volume of assets into consideration, BCIT was at $0,0025/sh...Now that we're at around $0,0014/sh , 2 weeks later, we could imagine we are for sure undervalued and that at this price it is a good deal!
Posted by Jmoove on :
are they diluting at all, anyone know?
Posted by bond006 on :
all i can say is i have watched this one for a little while. i don't know what stops me from going in. but for the first time they are actually going to start mining and doing something that is why i started to look at it again and also talk of a r/m. i just threw some dd on this post because it look devoid of info. i am not personaly in
Posted by Impat on :
Did you checked about numbers in gold and diamond value of Venezuela concessions..It's seems they're going to buy some dredging material..:
''we are purchasing two operational diamond dredgers that have a total production capacity to produce in rough form approximately over 22,000 carats of diamonds per month in one of the world's best locations for diamond dredging''
Range of price for rough diamond is about $100-$200 USD/carat. Taken gold concessions into consideration:
"Based on these estimates with full capacity mining we estimate gross annual revenue of $36,000,000 (thirty six million USD) on the current price of gold on June 10, 2005 of $424 per ounce."
Current revenues for these 2 activities could be roughly $60,000,000 USD annual...They're definitively growing. My personal feeling is that it is time to enter in. Everybody is free to think the opposite...
Posted by bond006 on :
i am not bashing i think this may be a great opportunity. i just did not want anybody to think i was pumping since at this point i am not a 100% player. by the wat impat great post i lked that good reasearch lol
Posted by Impat on :
And I like undervalued companies...Did you check on wwwt this morning ? Sometimes it takes time, as for wwwt, but it is always a good deal! My patience has been rewarded !
Posted by JIF on :
BCIT Looking good this morning.
Anybody have the L2's or heard anything new?
Posted by Impat on :
Huges numbers should lead to a nice run. Look at the low trading volume this morning, when it will rise, we will go north straight on...
Posted by Jmoove on :
trying to get filled at 16 not happening, i love the chart, ready for it to go north in a hurry in the next few days, just a slow monday
Posted by *Magnetic*Microspheres* on :
Taking off with the space shuttle; partial fills only....
Posted by Impat on :
Nice green green day ! Significative move this morning, we start the run up to the sky!
Posted by JIF on :
morning Gents. Looks like this one is starting to move. We're up to .0026 and by my chart.
Posted by *Magnetic*Microspheres* on :
Morning JIF HWG again!
Posted by JIF on :
hwg?
Posted by *Magnetic*Microspheres* on :
LOL sorry JIF HWG = here we go
Posted by JIF on :
nice. HWG
I'm seeing this move back into the .01 range in 30 days.
Thoughts? Where does everyone else see this going?
Posted by Impat on :
Taken $60 millions as potential revenues into consideration, with approx. 300 millions outstanding shares(my evalutation) after the last dilution process, 0,02 $/sh is about 1/10 of sales, that is a very conservative number...Here we will go!
Posted by Impat on :
Nice volume today, almost 100mil shares, and nice upgrade confirms that we are at a new bottom line...as undervalued, this is going to move up easily
Posted by futurama08 on :
I do believe they will rise and the stock will bounce back up. They have some good prospects and for what its worth now I do hope to see it rebound to 0.50 or so; glad I got in now.
Thanks
Posted by JIF on :
Good morning gents. Anyone watching this today? It's taking a dip.
Posted by Impat on :
Cross fingers for u. I sold this mine this morning. Something stink about the current O/S number. Maybe a massive fraud.. Check on IHub...talks about the story is available there and do your DD! GL
Posted by JIF on :
Well, let's see what happens.
Posted by JIF on :
I have friends in London. I'll ask one of them to go to the office location and report back.
About Bancorp International, Inc.
Bancorp International, Inc. (Pink Sheets:BCIT) is a multinational mining company that locates, mines and processes precious metals and diamonds in diverse locations around the globe. The company is operational in Venezuela at present but plans on starting additional mining operations in other locations in Africa, Europe and Asia. BCIT's growth model is based on acquiring the mineral rights where there are potential extensive deposits of precious metals or diamonds that can be located using the latest sophisticated mining processes such as digital imaging via satellites and airplane to minimize prospecting costs.
Bancorp's focus is on delivering long term shareholder value by developing first class mining properties that have a potential significant yield to enable the company to sustain a strong competitive advantage through many business cycles. For further information: 15 Onslow Gardens, Suite 7, London, United Kingdom, SW73AW
Posted by Impat on :
I maybe sold too quickly...it's going up like nothing happened...
Posted by JIF on :
Lot's of news and even a few pics about BCIT.
Posted by JIF on :
Not sure what the heck the picture is of the barefoot floating in the flood though. That's a little wierd. Maybe he's diving for diamonds!
Posted by Impat on :
I do not know what really is about and why, but check on raging bull too.You'll see by yourself to have your own opinion on that..
Posted by JIF on :
I'm going to email them and ask for more info about the company. I'll let you all know if I uncover anything.
Also, trying to talk a friend into stopping by their office in London, sometime this week.
Posted by JIF on :
Investor relations: Blue-Sky Solutions (877)4-BLUE-IR bcit@blueskyir.com
Posted by Impat on :
Call blue sky...You'll talk with Josh...
Posted by JIF on :
Well, we're back to .0018 again. Too bad.
Posted by JIF on :
Anybody have the L2's?
Posted by JIF on :
Can someone tell me why they think this stock is going to move?
Posted by JIF on :
I tried contacting Blue Sky in London. Below is what the wrote. Someone tell me what's up with this:
Thank you for your interest in Bancorp International Group (OTC: BCIT). Effective July 28, 2005, Blue-Sky Solutions has resigned as Investor Relations for the company. Please direct future correspondence to the company:
6767 West Tropicana Avenue Suite 207 Las Vegas, NV 89103 P: (702) 248-1027
15 Onslow Gardens Suite 7 London, SW7 3AW United Kingdom P: 44 20 78239258