read this..the FBI is involved,..forced fed call may take to pennies and dollars
Press Release Source: Bancorp International Inc.
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. ADVERTISEMENT
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.
Email Story Set News Alert
Posted by bullish_pennystocks on :
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.
Posted by JIF on :
What does this mean for the stock price?
Posted by bullish_pennystocks on :
this may go to pennies or even dollars when that fed call is effected by NASD..
o/s is only 29m.. the mm's naked shorted a wrong and real company
Do the criminals buy it back or the mm's? If its the guys that created the papers, I doubt that they'll be able to buy them back.
Posted by JohnnyBGood on :
Anybody actually going in on this?
Posted by knobula2 on :
coming alive right now.. at 0.0031.. been floating between 0.0021 to 0.0027 past two days..
Posted by bullish_pennystocks on :
I am still holding..The ceo said he will release more update soon..may be today ah or tomorrow..
the o/s is only 4.9m and the short in billions..this may run to pennies like GLKCE or even dollars if they have valuation.
Posted by knobula2 on :
nice gains so far.. ateady buys.. at 0.0039 right now.. with some news, it could head further north i think.
Posted by knobula2 on :
nice gains today. although most places quote it at 0.0046, there was 1 million buy at 0.0047 at the end of the trading session..
currently waiting on news
Posted by bullish_pennystocks on :
WATH this one..going to run to 10-15 cents or even more
Posted by knobula2 on :
i know.. with the way it is behaving now at 0.007?! bargain price i think..
Posted by bullish_pennystocks on :
yes..this was 8 cents before they naked shorted..ceo says reverse merger into a 60m company..so the pps will be atleast 8-10 cents with an o/s of 4.9m..but with the squeeze it can go higher
Posted by bullish_pennystocks on :
A shake by mm's before the surge to pennies..good buying oppty
Posted by bullish_pennystocks on :
yup. good call bullish. trading at hod again 0.0075. i think the squeeze is on!! :-)
Posted by bullish_pennystocks on :
YES...0085 now..i will not be surprised to see 2 cents tomorrow..o/s 4.9m naked short aound 1 billion
Posted by bullish_pennystocks on :
.0070--nice buying optty..mm's shaking
Posted by knobula2 on :
yup, walking down on very little volume.. very little sellers..
Posted by tupac on :
back up quick
Posted by knobula2 on :
yup, picked up some more during the shake. looking to go north now!! :-)
Posted by bullish_pennystocks on :
THIS will gap up one day soon with the final news from the company..so accumulate all cheap shares now
Posted by doubleS on :
Anyone have any idea on news coming out, Imean any thoughts on time line or date
Posted by bullish_pennystocks on :
the update news will be coming very soon according to the CEO..
good buying oppty here..the mm's are trapped and manipulating by fake swapping
Posted by bingus on :
Bullish question for someone knew why do you say the mm's are trapped and manipulating by fake swapping
Posted by BuyTex on :
they're walking it down on 5,000 trades--to themselves...
Hey, Bullish, that news from CEO? Are you going from earlier PR, or have you got more recent news/contact info?
Posted by bingus on :
thanks buytex. What does this mean for the stock?
Posted by knobula2 on :
buytex, here is the latest correspondence btwn the ceo and art2gecko.. http://www.investor shub.com/boards/read_msg.asp?message_id=7286057
it was an email sent from megas to the The Depository Trust & Clearing Corporation. also, he states that he is working on moving back to pacific transfer
--------------------------
Posted by: Art2Gecko In reply to: None Date:8/9/2005 10:54:04 AM Post #of 5356
Wouldn't be a seller here, new email from Megas ... DTC now on notice too... ;-))
From : Thomas Megas <xxx> Sent : Tuesday, August 9, 2005 2:32 PM To : aphoenix31@hotmail.com Subject : FW: certificates
/ / / Inbox
MIME-Version: 1.0 X-Originating-IP: [64.4.61.209] X-Originating-Email: [xxx] X-Sender: tpm14@hotmail.com Received: from hotmail.com ([64.4.61.30]) by mc12-f33.hotmail.com with Microsoft SMTPSVC(6.0.3790.211); Tue, 9 Aug 2005 07:32:22 -0700 Received: from mail pickup service by hotmail.com with Microsoft SMTPSVC; Tue, 9 Aug 2005 07:32:22 -0700 Received: from 64.4.61.209 by by102fd.bay102.hotmail.msn.com with HTTP;Tue, 09 Aug 2005 14:32:21 GMT X-Message-Info: JGTYoYF78jFCPbbPvRXaNwpCBDhT1zISWuiMGkk37z0= X-OriginalArrivalTime: 09 Aug 2005 14:32:22.0310 (UTC) FILETIME=[27762C60:01C59CEF] Return-Path: xxx
art, part from pacific transfer which I hope to do later today, this is the latest
dear mr nurse, i am the president and ceo of bcit. This is to let it be known to dtcc that the only share certificates constituting the legal equity of bcit formerly march indy are those that bear the legend march indy signed by myself and the then secretary m puig. These were issued over 5 years ago and no more than 4,870,000 shares were issued. This is the position as of today. Bcit has not issued any other shares since then. Please refer to my announcement on primezone 1st august 2005. Please note that any share certificate purporting to be bcit and signed by carter are not shares of this company. Furthermore any certificates with the legend Bancorp International Group Inc and that appear to be signed by t megas as president and m puig as secretary are all forgeries. The only legal shares bear the former name of bcit i.e. march indy. I will be forwarding to you the share certificate numbers of all the shares issued by bcit so that our 270 odd shareholders are not disenfranchised by the distribution of the forgeries. yours respectfully thomas megas coe president bcit
From: xxx To: rnurse@dtcc.com CC: xxx Subject: certificates Date: Mon, 8 Aug 2005 10:07:03 EDT
Dear Mr. Nurse, please be advised that to the best of my knowledge no certificates have been authorized in 2005 by Mr. Megas or the board of directors of BCIT. Furthermore, the certificates furnished to you by Pamela Thompson bearing the signatures of Mr. Richard Carter as president and sect. of BCIT are unauthorized. Mr. Carter has never been and is not a Director or corporate officer of BCIT. AS you are part of the DTC please do not honor any such certificates. I suggest that you forward the copy to Ms. S. Young of the SEC and scan and forward same to Mr. Megas at _xx_ (mailto:xxx) Ms. Young 303 844 1038 Thank You Stewart Sytner
Posted by BuyTex on :
the more they can delay the cover, the better. Can they churn their way out? Does SEC suspend? If it keeps running, the shorts are cooked...
Posted by bullish_pennystocks on :
NICE accumulation and consolidation today before the real run starts.
Posted by bullish_pennystocks on :
NICE bottom...news expected anytime..this is from ceo email
Posted by George on :
The CEO does not have very good grammer by the loks of that email..
Posted by bullish_pennystocks on :
squeeze run starts now..it was trading at 8 cents before they naked shorted..it can get there .
Posted by bullish_pennystocks on :
news getting close..pressure for shorts..run like glkce
Posted by bullish_pennystocks on :
people now are predicting 50 cents to dollars on this one now
Posted by glassman on :
this is still not trading yet:
copied from another board:
email from SKYE!!
From : bcitcorporate*yahoo.com <bcitcorporate*yahoo.com> Reply-To : bcitcorporate*yahoo.com Sent : Sunday, January 7, 2007 9:24 PM To : jenna <xxxxxxxx*hotmail.com> Subject : Re: skye this on the BCIT board today
| | | Inbox
Jenna. For the past couple weeks I have not responded to any questions relating to BCIT because legal counsel thought best to hold up saying anything that might be misconstrued or taken out of context coming from anyone affiliated with the company. This has been hard to do with so much speculation, with most being way off the chart as to reality.
We have put this DTC problem to be solved in the hands of the attorneys and we need to abide by their opinions and concerns until released to make statements. I do restate that no one else is questioning our ability to be approved to trade other than the DTC. In fact, statements have been made on our behalf from other entities involved, directly to the DTC that questioned the DTC holdup and reasoning. Their only comment has been that the company did not do filings for a few years so since they were negligent in those filings the problems created are the companies. THEY SEEM TO HAVE FORGOTTEN, OR ARE TRYING TO OVERLOOK THE FACT THAT THE SAME TA HAS ALWAYS BEEN THE TA AND NEVER AT ANY TIME RELINQISHED THAT POSITION. WHEN PAMELA THOMPSON SUBMITTED TO BE THE NEW TA, THEY DID NOT DO EVEN THE MOST SIMPLE DD THAT WOULD HAVE SHOWN SHE WAS NOT EVEN LISTED TO BE ACCEPTED AS A TA AND IS ON NO LIST TO BE ACCEPTED. THEY KEPT APPROVING TRANSACTIONS EVEN AFTER BEING CONTACTED BY BCIT OFFICIALS OF THE PROBLEMS AND CONCERNS.
I hope this helps you and other shareholders until more definitive information is forthcoming. I wish I could say more or go into more detail, but Mr. Megas and the attorneys want to be sure that nothing is done by anyone affiliated with BCIT that causes action counter productive or gives ammunition to the critics. This will be the only response I will give until freed up by company management through the attorneys to say more.