this is about to be a mad runner!
Posted by derek111c on :
Hey Paper, People will be paying attention after it has made a significant run and the buying opportunity is over. That is how it usually works here on these boards. Typical philosophies "Wow that one just ran 10000% I think I should load up" or "I think the investing in the housing market right now will make me rich".
Posted by Cpt. Morgan on :
hey paper nice catch, im in on monday, great looking chart
Posted by pensandoenti67 on :
in since last week... how far can this one go. Is the run over or can it reach the price it had in May?
Lots of profit now, recomendations? Why is this running? NEWS? Manipulation?
Thanks
Posted by paperchase101 on :
read the last pr. Its a shell that someone hi -jacked and printed illegal shares on and MMs are short big time. the float according to the pr put out a few days ago is less than 5mil. This could be one that people will talk about for a long time.
Posted by lilpennypincher on :
got in and out for a quick ride and was going to get back in today but Scottrade was so messed up today.....Couldn't buy or sell. Gonna' watch it at the bell Monday.
Posted by knobula2 on :
alot of chatter going on for this one. expected to gap in the a.m. art2gecko of ihub and rb exchanged several emails w/ the ceo in late july on the whole fraud issue and steps megas is/was planning to take.
By: frankx 07 Aug 2005, 05:32 PM EDT Msg. 1858 of 1872 Jump to msg. # CEO Megas e-mail to ART on 7-27-05
Megas's first reply:
From : Thomas Megas Sent : Wednesday, July 27, 2005 10:01 AM To : aphoenix31@hotmail.com Subject : RE: Bancorp International Group
Thanks for your e mail. My son said you had called earlier but had left no contact number. It will take a little time to dig out what I have on all the above, my time is at a premium as I hope Adrian explained I am currently operating a business and the BCIT shell was apart from minimum maintenance off my screen until May when this farce surfaced. I am trying not to devote time or money to a situation I am not the author of but I will supply you with what I have, first in summary and then in detail with a later e mail.
Summary
There are only 2 legal officers of BCIT. Myself as CEO and Martin Duffy as secretary. The current issued share capital (shares printed and out approx 4,780,000(as per edgar) august 2000. A further 24,000,000 were authorized and issued between august 2000 and December 2004. These are not out and are held in custody with the company pending an eventual reverse merger. So effectively there are a maximum of 4,750,000 shares in certificate form.
The press releases, When we initially discovered the bare facts of the fraud we asked Carter Care to issue a retraction, i.e. they had not reversed into us and there was no connection. Instead they issued an announcement as if they were still BCIT. The only announcement I had ever authorized was the announcement around 12th 13th June 2005 that baldy stated that we had not reversed, not issued any new shares, and were possibly considering a deal. That was the only announcement that BCIT ever authorized and had sight of prior to publication. (I wrote it myself) The rest is all ########.
My current resident agent is Catherine Mead. My previous agent had told me sometime in may that my annual filing for the year June 2005/6 had been rejected by secretary of state Nevada because somebody else had put himself on the Board and removed Duffy and I. On learning of this I wrote to the state and informed them that there was a problem and that the file had to be adjusted to show the true position. At the same time I changed resident agents (there was no problem with the previous one) because my previous agent was going on holiday would be away for at least 2 weeks effectively and I did not want to leave the position challenged, this was not done out of a sense of public duty but because I wanted to protect my value in BCIT as I am effectively the largest shareholder in the company.
When the mess revealed itself I asked Mr Stewart Sytner a BCIT shareholder to investigate and work out what had happened. He lives in New York and he came into contact with what appears now to be the core of the offending parties and through him I had some contact with them, though at the time we were not aware of the precise nature of their involvement as they presented themselves as people who had been duped.
Do not know blue sky solutions do not stephanie soleas
talked to barkev kibarian on 1 occasion He was introduced to me I think sometime in June as a pr man who would help clear the mess up and he was associated with this mario pino you mention who I have spoken to 3 times who claimed he was duped by a man called carter. He offered with others to buy the shell (June) he wanted to put a gold deal into it )which he offered to me to reverse into). I declined both offers and stated that if I was paid $2,000,000 whether defined as damages or or as the price of the shell ( I did not care which) they could have the mess which I am sure with the benefit of hindsight they are the architects of.
All of the characters whom you mention and that I have had some if only staccato contact with crawled out of the woodwork as a consequence of Mr Sytner`s digging when I started to shout and scream and the end of may/june. and have had no knowledge of their prior existence.
Do not know Randy Saywer.
Could you please elaborate on Pino and MLON as he was introduced to me as one of the wronged parties.
BCIT does not have a current transfer agent, I contacted her myself about 8/10 days ago for 2 reasons. She has the original share register which will confirm my figures as to the 4,750,000 shares authorized and issued, and I wish to reappoint her as transfer agent as soon as I have completed the filings up to date for the company.
As to the possibility of a reversal I am not sure whether in the current climate it is possible. I explained to (xxxx Treespeople) that last November I had decided to bring all the filings and other matters up to date as I was looking to reverse in my own business here in Europe into it (my operation now has about 50,000,000 euros in hard assets, mainly property in city centre) and for that purpose I sent $25,000 to steven feldman an accountant to commence the work to bring the filings up to date. This was at the beginning of the year. Everything was going well until feldman informed me of this problem in may.
Will forward detailed stuff asap, I still unfortunately still have to work for a living.
gapped up this morning! up at 0.0059 right now. alot of mirror trades going on.. might want to try and get in on a dip
Posted by Bachstocks1 on :
Knob, she's starting to pull back a little..Looks like it may have another small run here in a bit. What are you seeing?
Posted by knobula2 on :
bach, sry didnt see this msg til now. now, were you talking about that pullback at 0.0056 that last for a blip?? heh, yeah, it quickly went back up.. back up at 0.0066 at the moment.
i'm in long.. waiting for more news/rumours. this is expected to hit .01 - .02 range by the end of the week. before the dilution w the fake shares, it was said to be at 0.08 in february. ceo looking to do a reverse merger into this shell. check out the ihub board. there's more chitchat going on over there about bcit. glta.
Posted by bullish_pennystocks on :
i brought this to the board at .0034 and .0022 first
here goes, this thing is starting to take off
Posted by Bachstocks1 on :
Where's she headed tupac??
Posted by pensandoenti67 on :
sold half at .0084 got in at .0012
Good luck to all. Riding freebies rest of the way...
where are we going. 52 week high .08, I hope at least .04
Posted by imran_h on :
awsome gains on BCIT for me 2 too, sold half for 5 bags, holding the freebies and more.
just wanted to let you know that ILCO usually follows BCIT as the charts are pretty much the same and the patterns too, I thikn ILCO is next to run might be a good time to load up
Posted by Bachstocks1 on :
Anyone have L2's for BCIT??
Posted by Bachstocks1 on :
look at the volume, this is incredible
Posted by JIF on :
I'll be the first to say, I am an idiot for selling this the other day. I hate it when I sell to get a double, then come back a few days later and see a chart like this. Gdmit
Posted by Bachstocks1 on :
RSI is a little over 70, however volume is very strong, charts look good to me. What r your thoughts for tomorrow?
Posted by tupac on :
I think it looks good, there is still alot of buying pressure and a low float. I see this thing having a similar day tomorrow and gapping.
Posted by Bachstocks1 on :
Goodmorning. After yesterdays close, looks like this could be a nice one today
Posted by matto on :
Goodmorning.Do we have any predictions for today?
Posted by Bachstocks1 on :
Predictions or hopes. I see this stock making it to at least .01 today. Volume and buying pressure was great yesterday, short of that I'm still just shocked about this one. What does everyone else think?
Posted by Hiram on :
quote:Originally posted by bullish_pennystocks: i brought this to the board at .0034 and .0022 first
Pin a rose on your nose.
Posted by Bachstocks1 on :
She's coming back up, volume is doing good, not quite as high as yesterday, but still holding pretty strong. What are your thoughts?
Posted by tupac on :
mms are definitely trying to stock up, 5000 share trades dropping the bid..
Posted by doubleS on :
WOW............... what a shake that was.
Posted by tupac on :
I think those 2 shakes took care of most of the weak hands. Prepare to go up now.
Posted by Bachstocks1 on :
WOW, I was in a meeting until about 30 mins ago, come back and wow. What kind of shake was that; how is she lookin guys. L2's anyone?
Posted by BuyTex on :
intraday Moneyflow headed back up; waiting on MACD signal...
ooops, mf *was* going up...still waiting to see if this is the bottom...
Posted by knobula2 on :
the rash of buys at the end of close are hopefully indicative of what's to come. glta. kb
Posted by BuyTex on :
prolly sat on buys as long as they could, lol...
strong close, bodes well for the am, ya--glta
Posted by Bachstocks1 on :
May be a good opening this morning!
Posted by knobula2 on :
came back to life in the afternoon..
Posted by doubleS on :
Here we go again, maybe this will run a little higher than last .0083 run
Posted by Bachstocks1 on :
So what do you guys think for the rest of the week from this point forward. I'm at a loss with this one now with what to think....Not a loss in share price of course
Posted by paperchase101 on :
Paying attention yet?
Posted by DQ. on :
What's driving this?
Posted by bingus on :
I have made a fortune off this one and I think they have made a solid base after that huge run. It is due for another run.
Posted by KingSu on :
same here doubled up twice and riding free shares...trying to buy more, but they won't fill me!!
Posted by coolnwo on :
IN BCIT Looks nice
Posted by DQ. on :
whats the float?
Posted by paperchase101 on :
4.9mil roughly.
Posted by BuyTex on :
quote:Originally posted by DQ.: What's driving this?
crooks counterfeited shares, attempting false takeover on shell they thought owner was not watching...owner's fighting back, could be a forced cover. If so could be a multi-bagger... basically a lotto play...also could be suspended, but that's less likely every day it trades. Last Friday? A suspension would not have surprised me, whereas a suspension tomorrow would be very surprising...
The mm SACM could be short millions of shares; if forced to cover...wheeeeeee!
Posted by DQ. on :
Thanks TEX. I had read about that stuff but hadn't seen any news as of late that would have caused this price increase. Didn't know if it was a group play or atnicipation of news. Tried to get in at close but didn't make it. I will watch in the AM. Good luck all.
Posted by coolnwo on :
There seems to be anticipation of News possibly tomorrow. Also people think this is very undervalued. If it gets to .01 will hit .013. I am in at .0065
Posted by BuyTex on :
quote:Originally posted by DQ.: Thanks TEX. I had read about that stuff but hadn't seen any news as of late that would have caused this price increase. Didn't know if it was a group play or atnicipation of news. Tried to get in at close but didn't make it. I will watch in the AM. Good luck all.
DQ, not a group grope in the sense of "Hey, let's get a group together and push this low-floater around."
The price increase--if you believe SACM is short (remember that premise)--comes after DAYS n DAYS of shakes and mirror trades, some on ridiculously low volumes. As I understand it, SACM has not even showed up in a good while--inference being that other MMs have been asked to SACM cover.
This is not "conspiracy theory" stuff. MMs do help each other--always for a price, of course. Posted by paperchase101 on :
YES!!!!
Posted by BuyTex on :
L2s, anybody?
Posted by madmoney on :
0078 x 0082. last trade - buy @ 0082
Posted by BuyTex on :
been to .0085, dipped to .0079--back to .0082 and now...again at .0085
Posted by paperchase101 on :
selling at .08
Posted by paperchase101 on :
going! Again!
Posted by paperchase101 on :
say goodbye once we hit penny. All ABOARD!
Posted by imran_h on :
for those of you guys who like this(i do!! i am in at .0033)
ILCO is next same situation this will run like BCIT
i am in both but i still like ILCO more but i like BCIT to definatly pass .01
Goodluck
Posted by BuyTex on :
c'mon .01
[ August 18, 2005, 12:56: Message edited by: BuyTex ]
Posted by BuyTex on :
.0094 x .0096
Posted by paperchase101 on :
And yes there will be more news! watch this one. this is a major, and I stress, MAJOR play unfolding here.
Posted by BuyTex on :
POP!
.01...
no lunch break, either...somebody's busy
Posted by paperchase101 on :
FIRE AWAY!!!
Posted by George on :
Are you guys taking profits yet?
Posted by paperchase101 on :
lol--no, way, George. I think this is merely taking off...
Posted by paperchase101 on :
this may be the play of the year. IMHO.
Posted by THE SHNAKER ATTACKER on :
what do i see??? 100% down, is it just my pc or what ??
Posted by BuyTex on :
57% up, establishing new base...
Posted by paperchase101 on :
not just your pc, lay off that crack pipe!
Posted by BuyTex on :
bidwhack paddywhack, give MMs a bone...
Posted by webman on :
First im in for 120K shares. But does everyone believe that there are only 4.9 mill shares os? Are you saying that I can buy the whole company for $48,000? If this is the case there are going to be some rich people on this board by the time the mm's cover and the fake shares are bought back!!
Greg
Posted by paperchase101 on :
Webman, BCIT is on SHO list. Hopes that answers your question. Place your sell at .08 or higher imo. And im being very serious.
Posted by coolnwo on :
Hope you guys made money!
Posted by BuyTex on :
Cool--*made* money?
lol, this ain't about what we *made*...
paperchase: funny as heck post on the "crack pipe"
Posted by George on :
So if there are really only 4.9 mil shares these should be worth a buck or two each.....not .011 which means 52k dollars...
Posted by paperchase101 on :
looks like good movement again today. So far only NITE and SCHB on ask. It is my understanding that one MM is only buying at this point.
Posted by paperchase101 on :
im suprised there isnt muck talk about this one on this board. So far up over 1000% and will move up even more. This is going to be huge once its said and done.
Posted by webman on :
paper,
did you read the post on RB from IHUB? this thing will fly!!!!!
Posted by paperchase101 on :
yep, spend most of my time on ihubs BCIT board. Those gyts are awesome, especially charting.
Posted by KingSu on :
this is one of the best stocks to be in right now
Posted by BuyTex on :
up again today; nice stair-steppin'
Posted by goldisgood on :
How about that HIET today, what a smoker..lol
Posted by BuyTex on :
holy smokes...is this alias still good? lol, I see posts disappearing, threads locked down...
You're slipping, man...they got on to you quick, this time...
Posted by paperchase101 on :
TODAY!!!!!!!!!
Posted by BuyTex on :
gap filled, moving nice n steady....
Glassman: several of those odd 911 trades today...
Posted by BuyTex on :
three rungs up, two back...repeat
Posted by webman on :
when are the rest of you going to catch this before it really breaks out?!!?!?!?!!!
Posted by RockstarINXS on :
ive been in for sometime and enjoying this steady climb. will be back above .05
Posted by paperchase101 on :
I like the progression on this one, and the charts are still to die for. .10 should be here in due time!
Posted by George on :
Hey guys can I still get in on this one or is it too late? What is the plan? How much is left in it and why? NO BS please just facts.
Posted by BuyTex on :
George, see what questions remain after checking this chart; read the annotations, at right:
But once the short is covered want people still holding just own over priced (driven up by the short) shares in a shell?
Posted by bingus on :
Great buying opportunity here. I have watched this stock and it is going in waves. This could down to .015 but that should be the lowest. 4 or 5 mm's have stop allowing buys.
Posted by paperchase101 on :
SHOULD SEE NEWS TODAY, POSSIBLY IN THE AM.
Posted by 100prcent on :
Starting to look promising.
Posted by BuyTex on :
quote:Originally posted by George: But once the short is covered want people still holding just own over priced (driven up by the short) shares in a shell?
If buy-in is forced, the run could be huge...as usual one must exercise judgment re exit point.
However, even that scenario has its bright side as CEO--the real one--has indicated an interest in r/ming his $60mm real estate biz into the shell. That adds another layer of intrigue...
Report on i-hub of e-mail from CEO, who's abroad, saying he's authorizing new PR/update. A good message will light the fuse...
Posted by dingbat on :
Lift off!!!
Bancorp International Group Inc. Announces the Appointment of the Company's New Stock Transfer Agent Friday August 26, 4:45 am ET
NEW YORK, Aug. 26, 2005 (PRIMEZONE) -- Referring to Bancorp International Group Inc.'s previous announcement of its intention to appoint a transfer agent, let it be known that the Pacific Stock Transfer Company has been appointed the company's stock transfer agent effective as from the date and time of this announcement. All enquiries and matters relating to the transfer and integrity of the company's shares are to be addressed to: e-mail:cindy@pacificstocktransfer.com, telephone 702 361 3033, fax 702 433 1979.
Bancorp International Group Inc will shortly be making a further announcement relating to the procedure and process of the company's intention to recall and re-issue all of the company's share certificates.
Thomas Megas Ceo
Bancorp International Group Inc. proposed recall and re-issue of all of the company's share certificates
Contact:
Bancorp International Group telephone: (702) 361-30334 fax: (702) 433- 1979 e-mail:cindy@pacificstocktransfer.com
Source: Bancorp International Inc.
Posted by BuyTex on :
Houston? MMs have a problem...
Posted by 100prcent on :
Up,Up and away.
Posted by KingSu on :
here we go .029
Posted by BuyTex on :
up 50 + %, 2mms moved to .10...
Posted by paperchase101 on :
Congrats to those who bought. Moving my sell to .20
Posted by KingSu on :
.0299
Posted by BuyTex on :
backfilling...coupla mm pals forgot to ask for gravy...
Posted by BuyTex on :
some brokers allowing only sells
watch 'em in the corners, fellas, they'll be biting ears and poking eyes...
Defensive tactics? set your GTCs as high as your broker allows...then decide from there, based on your own actual exit strategy, jmtc...
Posted by 100prcent on :
Quite a few buys comming in.
Posted by BuyTex on :
BCIT > 9mm volume...
Posted by KingSu on :
Posted by: sublime In reply to: Art2Gecko who wrote msg# 13265 Date:8/26/2005 12:06:33 PM Post #of 13295
email from TA>>>As requested, please find listed below the share structure for Bancorp International Group. For any other questions regarding Bancorp, please refer to Mr. Thomas Megas at tpm14@hotmail.com.
Cindy Sylvester 500 E Warm Springs Road, Suite 240 Las Vegas, NV. 89119 (702) 361-3033 (702) 433-1979 fax cindy@pacificstocktransfer.com
Posted by BuyTex on :
Ladies and Gents, we are confirmed...
lol, just about to post that...thanks KingSu
Posted by 100prcent on :
Broke throught the resistence at .03
Posted by BuyTex on :
splintered the wall at .03
but then, there was only three MMs there, too...
Posted by clbgroove on :
quote:Originally posted by pensandoenti67: sold half at .0084 got in at .0012
Good luck to all. Riding freebies rest of the way...
where are we going. 52 week high .08, I hope at least .04
Theres your .04 Pens!!! Congrats!!!
Posted by 100prcent on :
Me also, sold half.
Posted by paperchase101 on :
WOW!!!!!!!
Posted by BuyTex on :
Moving so fast, MACD can't keep up, lol
After the shake, I was gonna post "aiming for .04," but it's there before I could...
This could easily takes weeks to play out...
look where GCKL is trading now...
Posted by KingSu on :
quote:Originally posted by BuyTex: Ladies and Gents, we are confirmed...
lol, just about to post that...thanks KingSu
you are most welcome
Posted by BuyTex on :
Anybody with GTC orders? Don't forget about 'em and sell accidentally...
Posted by KingSu on :
this will be my first 10 bagger!!! boy does it feel good to be in this stock right now...
Posted by BuyTex on :
About to hit 20mm volume...
it *is* fun, huh, KS?
Posted by KingSu on :
best time i've ever had in the stock market...it doesn't stop going up this one...hehe...think we'll see 10cents today??
Posted by KingSu on :
quote:Originally posted by BuyTex: About to hit 20mm volume...
it *is* fun, huh, KS?
20M volume and the float is only 1.097 million...crazy just crazy
Posted by KingSu on :
From the MAN..
Posted by: Art2Gecko In reply to: None Date:8/26/2005 1:17:41 PM Post #of 13579
I think everyone would be wise to re-evaluate their former expectations for this stock, given the new info today...
Real Float just over 1MM... shares needed to be taken out of the market... ~ could be 400MM or so.... We don't even know what the date will be yet for the share exchange.... he hasn't even gotten the filings filed yet, plus the merger waiting in the wings....
take out your cost, and some profit to play with if you want... but realize this is still far from over.... Amazing as that is to comprehend..
Posted by BuyTex on :
quote:Originally posted by KingSu: best time i've ever had in the stock market...it doesn't stop going up this one...hehe...think we'll see 10cents today??
could...but I hope not--too fast. Better to stairstep for the long run ahead...charts better that way, and doesn't scare the horses...
eg, as posted, MACD already behind the curve today, lol...
Posted by 100prcent on :
It's nice to know everything is profit from here on out.
Posted by BuyTex on :
100, just be braced for head-fakes along the way...may get nasty in the clinches...
Posted by JIF on :
I bought 650,000 shares at .0013 on 7/22 Cost me about 880 bucks.
I sold at .0026. If I had held for five more weeks, it would be worth what? $29,250?
Well, that's how the cookie crumbles. I'm not bitter..
$(**#%%#&%(*$_(_+__()_#*)(%*&%&&%!!#&@#&@*$!!!!!!!!!!!
Posted by KingSu on :
quote:Originally posted by JIF: I bought 650,000 shares at .0013 on 7/22 Cost me about 880 bucks.
I sold at .0026. If I had held for five more weeks, it would be worth what? $29,250?
Well, that's how the cookie crumbles. I'm not bitter..
similar thing happened to me with igtn...hate when that happens...
Posted by JIF on :
No Shioooot!
Posted by BuyTex on :
Hey JIF, ya doubled--nice profit. I mean, I hear you, but still, nice profit...
Posted by BuyTex on :
closing in on 27mm volume...
Posted by JIF on :
Lotta profit taking now.
Posted by BuyTex on :
This is great; backfilling for new base at double from this am; some selling half from buys late yesterday and now riding freebies...weekend charts will be gorgeous, even if they paint it eod...
Posted by BuyTex on :
30 + million traded...
Posted by 100prcent on :
I like how its hanging around this level. A good sign of things to come.
Posted by BuyTex on :
SHAKE...great time to buy if you're not in or add if ya wanna...
Posted by BuyTex on :
big buys all afternoon, now they walk it down on 5k mirrors, lol they know they're cooked at .05...
Posted by BuyTex on :
daily MACD still soaring, even with this shake, lol. Floor managers must've had a doghouse chat at lunch...
Posted by DQ. on :
Good luck all!! I'm chapped. I tried to get in this twice. Once at .006 and at .009. Didn't get filled on either one and look at it now!! Good luck. I'll just keep hoping for my PLNI to do this some day.
Posted by BuyTex on :
thanks, DQ
Posted by shomethamoney on :
DQ,
That's nothing. You want to talk about feeling like garbage. I bought 2 mil of these guys at .0018 and sold them at .0031 and thought I was making a big payoff. Now I am sick at my stomach looking at the price of this thing. I even told myself hold it for a month or two it could get to 25% of it's 52 week hi. Man did I ever blow it.
Posted by shomethamoney on :
DQ,
What is your thoughts on PLNI? I was looking hard at it and thinking of buying it or even RWNWE with that merger they posted about. I heard news that it should happen in 30 to 45 days which would make it the first of Sept. or so. What is your thoughts? Any chance at BCIT makings of either of the two?
Posted by DQ. on :
I've been holding PLNI for a year. It finally made a move to where it is now. It has many great things ahead and I have always considered it my HomeRun retirement stock. I do feel it will hit .05 to.10 within the next 6 months however it does seem hard for it to climb. I don't think people get that excited over plastic rebar supports. I wish you had held onto BCIT...I know it's hard but I think some of these you need to just forget about them once you buy and then go back and check on them in 6 months or a year and you might be BLOWN AWAY at what you see in your account. Good Luck
Posted by futurama08 on :
quote:Originally posted by shomethamoney: DQ,
That's nothing. You want to talk about feeling like garbage. I bought 2 mil of these guys at .0018 and sold them at .0031 and thought I was making a big payoff. Now I am sick at my stomach looking at the price of this thing. I even told myself hold it for a month or two it could get to 25% of it's 52 week hi. Man did I ever blow it.
I did the EXACT same thing! I cry every time I look at the quote.
Posted by BuyTex on :
big shake today, lottssa FUD as Ameritrade restricts trading...pps slowly recovering even though many can't buy
Posted by BuyTex on :
UTs, 5-min chart shows MACD just crossed upward, 15-min about to follow suit...
Posted by ggreg7869 on :
I tried selling today at 5 cents and .045, but couldn't get my order filled. This one is a bitch when it comes to buying and selling.
Posted by The Nice Guy on :
We may close at 4.3 cents. I got mine at 3.2. I won't risk a free ride on couple hundreds yet. I hope to see mid 5s tomorrow.
Best luck to all of you.
Posted by Rules on :
What is the deal with Ameritrade not allowing to place any orders for this stock? Why the restriction?
Posted by The Nice Guy on :
Rules
This company just changed its Transfer Agent; hence that could be the reason. I got mine through Scottrade.
Posted by BuyTex on :
ggreg: you must've tried real early....lottsa trades since then, even with Ameritrade fiasco.
Rules: Ameritrade claiming that DTC says it can't confirm certs...duh! This has been known only for weeks now. Typical of a squeeze--Ameritade pulled same thing for a day or two on the GLCKE squeeze, as I understand it.
Notice we're back above opening, even with some brokers restricting trading...looks to be playing out as expected...
Posted by ggreg7869 on :
Ameritrade always finds a way to screw us somehow. They are lucky i still trade with them. I knew there had to be a reason why i coudln't sell today.
Posted by Rules on :
quote:Originally posted by BuyTex: ggreg: you must've tried real early....lottsa trades since then, even with Ameritrade fiasco.
Rules: Ameritrade claiming that DTC says it can't confirm certs...duh! This has been known only for weeks now. Typical of a squeeze--Ameritade pulled same thing for a day or two on the GLCKE squeeze, as I understand it.
Notice we're back above opening, even with some brokers restricting trading...looks to be playing out as expected...
Thanks guys!
Posted by ggreg7869 on :
EOD run for BCIT. Let there be green!!!!
Posted by BuyTex on :
ya, total volume > 3x actual OS and about 13 x the actual float...
Posted by futurama08 on :
So...how are there a million buys but the PPS isnt going up
Posted by BuyTex on :
not following you, futurama--we've overcome a pretty nasty shake and now above opening price...
Posted by futurama08 on :
Hmm sorry I should have explained it better. In the past 25 min the L2's have shown a huge number of buys but all the buys are at the same PPS. I'm new to stocks so I was just wondering how could it be that there are such a large number of buys but no increase in the PPS.
I'm not sure if that's any better.
Posted by ggreg7869 on :
to make things simple, there is a tight resistance at .04 and the Market makers aren't letting it happen. They are *******s.
Posted by The Nice Guy on :
future
The buying does not reflect the number of outstanding shares.
If a company has 1 million OS and the float is 500 K. Then some good news, or bad, surfaces. You would people (traders) exchanging (buying and selling) making the number, say, 3 times the float.
I hope this helps.
Posted by ggreg7869 on :
all i have to say is put on your birthday suit tomorrow. Lots of action tomorrow.
Posted by BuyTex on :
quote:Originally posted by futurama08: So...how are there a million buys but the PPS isnt going up
This is a squeeze play; MMs fighting as hard they can to scare peeps into selling so they can cover. Will be lottsa tough clinches in the corners while they delay, hoping to avoid forced buy-in...
Posted by The Nice Guy on :
buyTex
I think they are doing it today too. little activities. Good thing is that the ask was raised to 3.5 from 3.2 as well as the bid from 2.9 to 3.1 cents.
Posted by ggreg7869 on :
MM trying to cover big time on this. If ameritrade wasn't such a pain yesterday, i would have sold at 5 and bought again at .025.
Posted by BuyTex on :
ggreg, Scottie joined the boycott today...brokers now officially meddling in the market. MMs can now walk it around like a dog on a leash...may take quite awhile for CEO to get this straightened out so we can take our profits...
DTC's inept system and incompetent "guardians" of the share count revealed once again...
Gonna watch sumpin else...this will take awhile
Posted by ggreg7869 on :
haha, i can't get rid of this one, is ameritrade supposed to have fixed this problem? i have had orders going all day and nothing happening. Do you have any explanationg tex?
Posted by BuyTex on :
DTC says they can't deliver certs. Brokerages are scared to let it churn to a solution. CEO in Europe with real estate biz, which he wants to move into this shell once the share structure is cleaned up, prolly via cert exchange. Gonna take awhile...
Posted by ggreg7869 on :
i wouldn't be suprised if the MM decide to run it up again to make their money. This stock is out in its own world.
Posted by tomktoo on :
Good old Scottrade is doing the same thing as Ameritrade, you can buy in but can't get out! hope it reverses this week.
Posted by realityinc21 on :
BCIT bounce???
Posted by The Nice Guy on :
Diana
I think people paniced becasue they could not trade or sell this on line. The MMs took a good advantage of that. Yesterday we saw a classic MM manipulation that resulted in 2.8 cents before closing close to 4 cents.
The inability, or the willingness, of the company to take action make us vulnarable. I heard one person saying that the CEO is absent out of the country though. My prediction, and hope, is that it will bounce. I intend to sell at 4 cents when I can. Best Luck.
Posted by BuyTex on :
*achh, rumor control, lol*
Ameritrade & Scottrade & a few others: no trading, period, UNTIL DTC straightens it out...
likely? Ameritrade is on the hook for fail-to-delivers; Scottie being its usual balky self, as "suddenly" they can't get certs from DTC. However, this was foreseen in the play, which is to force clean-up of the share structure, muddied when crooks (mario pino of MLON fame) tried to hijack what they thought was a "forgotten shell."
The CEO found out after the fact that someone had illegally changed filing info at SOS office and subsequently dumped counterfeit shares on MM SACM.
In fact, the CEO is working very hard to protect shareholders and has taken control of the company and transferred BACK to its original TA. He has announced to either file for a demand buy-in (forced cover) or cert exchange.
Yes, he is in Europe, where his real estate dealings are. That est $60mm company is what he has said he would like to r/m into this shell. However, he is scheduled to meet with SEC in early September. He and TA correspond regularly with investors. This most recent run was fueled by the PR announcing actual share count from the new TA. OS is NOT 893mm (the result of the counterfeit dump) but is really only slightly more than 4mm, with a float of about 1.3 - 1.5 mm.
Posted by The Nice Guy on :
BuyTex
Thank you for your insight. Keep up the good work.
Posted by ggreg7869 on :
yeah, its going to be interesting what goes on tomorrow.
Posted by paperchase101 on :
expect more news in a day or two with an update and more clarification of the issue we face here.
Posted by explorer186 on :
This should definitely bounce back. Today gives those who missed the first huge run the opportunity to participate in the next one. I got out at 0.0022 for a loss due to skepticism. You can imagine how I felt when right after I sold the BCIT story started becoming fact rather than fiction.
200 million shares traded in the 4's and 5's in the last week, and today it comes down on 12 million volume. It just got to go back there. And to think the float is only about 1.3 million; man what an opportunity!
Posted by BuyTex on :
ya, but it's gonna take awhile to get brokers to allow trades again...imo...not one to sit and watch
what I don't get? have seen one mention that DTC alerted Ameritrade a coupla weeks ago, yet they waited till the squeeze looked real before bailing...course we saw how they treated their own clients in the gvrp play. Some made a bundle, but they had to overcome AT's communiques that went from cocky to clueless to confused/confusing then threatening...
Also heard today Scottie's CEO is on the board at NITE--looking into that, too...
Posted by explorer186 on :
It is very likely the problems with AT and Scot are system problems, and do not necessarily imply anything about this stock. BTW I was able to buy fine with my platform (don't bother asking, I won't tell you what it is.)
Posted by BuyTex on :
nope, not system problems. verified brokerages' restrictions, for reasons already posted. started yesterday with AT, spread to others, and by last night Scottie was on-board, too.
well, come to think of it, they are *system* problems in a sense--but not software or trading platforms, but systemic corruption of the market, and the DTCC nexus is at the black-heart center...
lol, don't bother not telling, I'm well aware of who is still trading...
Posted by explorer186 on :
[Here is a post from RB]
By: Arkait 30 Aug 2005, 09:25 PM EDT Msg. 5995 of 5998 Jump to msg. # Here, after my second prodding, in writing, is Scottrade lame (for safety ----as in whose safety, mine or Scottrade's, give me a break!) excuse:
Subj: RE: halted trading Date: 8/30/2005 8:44:12 PM Eastern Daylight Time From: support@scottrade.com To: Arkait@aol.com Sent from the Internet (Details)
Dear Marty XXX [ COULDN'T EVEN SPELL MY NAME, DESPITE I HAVE TRADED A LOT WITH THEM THIS PAST YEAR..LIKE THAT PERSONAL TOUCH, YUK YUK ] Thank you for your email. We have been informed by the SEC that there may be settlement issues for this stock. Currently, trading has been halted on this stock at Scottrade and all open orders have been canceled. DTC (the company who handles the settlement and balancing of stock) will be in contact with us once the settlement issues have been resolved and we can begin trading it again.
The issue stems from some counterfeit BCIT certificates floating around, and at this point we have determined that we cannot safely settle trades in this stock.
If you have any further questions please feel free to contact us.
Awarded "Highest in Investor Satisfaction With Online Trading Services Five Times in a Row" by J.D. Power and Associates. For award information, visit www.jdpower.com .
Posted by explorer186 on :
BCIT is looking very good down here. Again I restate 200 million traded in 4's and 5's, and we went down on only 13 million volume.
Posted by BuyTex on :
yup.
They just figured out the counterfeit/attempted hijacking...even though it's been public knowledge for weeks...wonder if it was when "MM cohorts" starting screaming?
Posted by explorer186 on :
Can't wait until those popular brokerages start trading BCIT again. Very little downside IMO. I recommend to those who can get it to get it, but I wouldn't bet the house on it.
Posted by ggreg7869 on :
i held onto bcit just b/c I knew about the ongiong situation, and problems like this will always work out themselves out. The wrong doer will always be punished which will benefit us someway or somehow. I will be amazed if the current holders get hurt by this.
Posted by explorer186 on :
I can't trade this anymore too. Glad to have gotten my shares just in time though.
Posted by explorer186 on :
It doesn't seem like the MM's can do anything while no one can trade it. Maybe this problem is not that bad after all. In fact it may help us because it will ensure the integrity of the system.
Posted by explorer186 on :
Boy WTF! Suspended!
Posted by Wangdo on :
Bancorp International Halted on Counterfeit Shares
The Securities and Exchange Commission announced the temporary suspension, pursuant to Section 12(k) of the Securities Exchange Act of 1934 (the "Exchange Act"), of trading of the securities of Bancorp International Group, Inc. ("BCIT"), a Nevada corporation, at 9:30 a.m. on August 31, 2005, and terminating at 11:59 p.m. on September 14, 2005. The Commission temporarily suspended trading in the securities of BCIT because it appears that all of the securities currently trading in the name of Bancorp International Group, Inc. ("BCIT") and purportedly signed by Thomas Megas as President and M. Puig as Secretary are counterfeit. BCIT is quoted on the Pink Sheets LLC. This is the first time the Securities and Exchange Commission has directly took action on counterfeit shares that have flooded the market. More to follow is expected in the coming days.
You wrote on 8/29 "I tried selling today at 5 cents and .045, but couldn't get my order filled. This one is a bitch when it comes to buying and selling.
then you wrote on 8/31 "i held onto bcit just b/c I knew about the ongiong situation..."
I am confused ! would you please explain what you mean by each.
Posted by explorer186 on :
Sounds promising, but these things take forever to trade again. I have 3 f'cking stocks not trading because they were suspended, and I'm so f'cked up the ass right now. f'ck f'ck f'ck!!!
Posted by The Nice Guy on :
explorer
I emailed, today, Cindy at the Transfer Agent; that is what she responded "I have been instructed that the only questions I can answer are to give you the share structure and to tell you if you are a shareholder of record. For any other questions, please refer them to Thomas Megas at tpm14@hotmail.com. Thank you!!
Cindy Sylvester
500 E Warm Springs Road, Suite 240
Las Vegas, NV. 89119
(702) 361-3033
(702) 433-1979 fax
cindy@pacificstocktransfer.com
Posted by BuyTex on :
quote:Originally posted by ggreg7869: i held onto bcit just b/c I knew about the ongiong situation, and problems like this will always work out themselves out. The wrong doer will always be punished which will benefit us someway or somehow. I will be amazed if the current holders get hurt by this.
Hate to tell you this, but that's just not true.
GLUV/Media Magic recent prime example...
HOWEVER, the difference there is that company was in on the scam. In this case, the CEO is driving the solution instead of the getaway car...So, I'm hopeful but still hate having capital tied up during a suspension. I figured if they were gonna halt, it would've happened over a week ago; that's why I didn't get in super early.
Oh, well...we wait and see...
Posted by bill1352 on :
saw the SEC halt & thought i'd drop in here for a look....if share owners are lucky they will get any money spent put back in their accounts in a yr or 2. they can not let this trade if there are no real shares to trade. if every share traded was fake then every share ppl hold is fake & they cant let those shares be traded because then new ppl would be buying fake shares. i have a feeling this 1 is going to get very ugly but it should open a few eyes to the NSS problem us penny traders suffer every trading day.
Posted by BuyTex on :
Well, this is a little different from the norm, as CEO has been in touch with SEC since shortly after learning of the counterfeit shares...ie, if they were going to suspend, they shoulda done it weeks ago, when first contacted. Obviously, they know Pino from MLON, if nothing else.
On your side of the equation: ya, they may be *so corrupt,* that they waited till the squeeze was no longer able to be put off...
In that case? we need determined Legislature...
the whole trading system is wormy, no doubt.
Posted by explorer186 on :
Well look at this way guys: shareholders of BCIT are now part of history
Posted by bill1352 on :
maybe this will bring about 2 needed changes...first every company reporting or not must file a/s, o/s & float every quarter. no exceptions, pink included. maybe they dont file fully audited reports but share structure does not need to be costly. just a short easy form backed by the companies t/a. this gives SHO correct numbers to catch NSS & it protects us penny traders from companies like CMKX that put 703 billion shares into the market.
second...every sale of a share must be covered in 5 trading days. in penny land runs can make it impossible to borrow shares in time thus halting trading in a stock. it can't always be covered that day & the market needs to be liquid or it grinds to a halt. but in 5 or even 10 trading days all sells can be covered as profit taking & normal penny bounces will cover all sales...maybe the bid needs to be bumped up. spreads will be smaller but naked shares will disappear. dont cover & the mm gets halted till they cover. these 2 changes would put the market on a more level playing field, allow a liqyid market, allow mm's to make money & expose scumbag dilution companies.
but since the goverment is in charge & this would be logical we know it won't happen...lol
Posted by Ric on :
I agree bill, as long as these companies hide there o/s and float they make easy targets for these scam artist and shorters. If the company keeps its shareholders in the dark then these people see easy money. It is so easy to short a stock when you have no clue if a company is diluting or not. Same with this scam.
Posted by BuyTex on :
Megas had the shares transferred back to Pacific, and they were--after some initial confusion--quite willing to quote AS & OS...
What concerns me most is SEC's allegation that the Megas shares are counterfeit...if they hold that position, there's no play here even it ever resumes trading...
Posted by The Nice Guy on :
BuyTex
I have contacted Megas (who seems to be in a foreign country. I knew this my the extension on the his email address by which he responded) in ref to the shares structure. That is what I go. He mentioned that he will be talking to the sec for 'answer' today.
The following is his reply to my email...
official share structure authorised: 25,000,000 outstanding: 4,030,078 restricted : 2932,446 float 1,097632 share will be talking to sec later today for answers hopefully. thomas megas
End of Email. So, I am hoping when we resume trading we can get some nice profit.
Posted by bill1352 on :
nice guy...if that email is correct then they can not resume trading. the SEC can not allow counterfiet shares to be knowingly traded on the market. since the SEC has reason to believe all the shares traded were counterfiet i wouldn't hold my breath waiting to trade again. if you sell that means a new person buys those fake shares & they never get out of the market. they will have to remove every fake share from the market before trading can resume if proven all but 2 million shares are fake.
Posted by BuyTex on :
Guys, my bad: shoulda updated my earlier post. The counterfeit shares the SEC is concerned about are exactly those identified in a PR from Megas, I think dated Aug 11. In other words, the SEC has NOT done a turnabout on Megas: they seem to be in agreement about which are fake.
bill, the play all along has been the removal of the counterfeit shares, either through squeeze whereby MMs buy em back and remove em or via a share exchange. Either way, shareholders before a certain date (part of which is to be determined, as I understand it) stand to do OK. There are precedents for both routes. One thing the suspension does is stop trading until Megas can get in-country to talk with SEC.
In other words, the share structure quoted in that e-mail (appr 4mm OS) is the actual shares *before* the counterfeiting took place. This was released only days ago, and probably fueled the broker panic. Had I a brain cell working I would've recognized that TA press release as the "trigger event," but got lulled to sleep watching it climb every week, lol.
One way or another the counterfeit shares will be removed. I *am* fairly confident of that. There's a new attorney working on it, according to e-mails from Megas to other traders, and he has stated several times his intention to get filings up to date and clean up the shares in order to make his real estate biz a publicly traded corporation.
What it means to traders will be revealed as it unfolds, but this is not like MAMG, whose intention all along was to deceive...
Posted by paperchase101 on :
Totally agree BuyTex. Also interesting how SACM left the scene so soon! He probably unloaded the fakes and allowed the other MMs to cover for him. I imagine he has a nice debt to pay those scums!
Posted by 100prcent on :
Any updates on BCIT? Still going to resume trading on Sept. 15th? If my shares are not counterfeit??
Posted by BuyTex on :
End of suspension no guarantee for resumption of trading...
removing the counterfeit issues is the central question...
Posted by H2NRG on :
saw that--Art ever post any details?
Posted by George on :
What is happening to the crooks that started the counterfit shares?
Posted by The Nice Guy on :
BuyTex
Are we trading this tomorrow?
Moe
Posted by KingSu on :
wont be tomorrow, suspended till the 14th 11:59pm...so if anything the 15th but let's see
Posted by The Nice Guy on :
thank King
Posted by BuyTex on :
stay tuned, for sure...but don't get your hopes up. Lottsa hay to put in the barn before these fields are clear...
Posted by paperchase101 on :
there's speculation that this may end up trading on the grey market, at least till filings are brought current. Also, it appears that MMs may be short roughly 280mm shares. Has anyone seen SACM making a market on any OTCs lately? hmmmmmmmmmmm.
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