Bancorp International Group announce the cancellation of outstanding share certificates with the cusip 05968X106. The 3 outstanding share certificates must be returned to the companies Transfer Agent before being replaced by certificates with the correct and active cusip 05968X205.
Carson City, NV (PRWEB) November 02, 2012
On October 15, 2012 the board of Directors of Bancorp International Group Inc. passed a resolution to enforce court order, made under Case Number CJ-2005-7549 from The District Court of Oklahoma dated January 9, 2006, which decreed that all BCIT share certificates mentioned therein and recognised under that order may be exchanged for ones in a format acceptable to DTCC. BCIT certificates with the inactive Cusip 05968X106 were compromised by the introduction of fake shares into the market place and have been locked by DTCC effective since August 11, 2005 and so are not acceptable to DTCC.
The board of Directors by virtue of NRS 78.250, cancelled the eight outstanding certificates for shares on inactive cusip 05968X106 so that they could be exchanged for new certificates on the correct and active cusip 05968X205 which would be acceptable to DTCC therefore conforming to the rights of the holder. The consequence of this is that Bancorp International Group Inc share certificates on the cusip 05968×106 are no longer valid and cannot be used.
A letter dated October 17, 2012 directed those holding certificates to return them or a notarised certificate of loss to the company Transfer agents, Empire Stock Transfer, Inc. by the close of business on October 29, 2012. The deadline has passed and the company transfer agents have not received certificates from 3 shareholders.
Empire Stock Transfer Inc, confirm that those 3 share certificate holders have failed to surrendered their certificates as ordered. The board of directors have passed a resolution invoking NRS 78.250 and they are not entitled to vote or to receive distributions or exercise any of the other rights of stockholders of record until the holders of those certificates have complied with the order, and this order operates to suspend such rights only after notice and until compliance.
They are, therefore, required to comply with this final demand by 5:00 P.M., Pacific Time, on Friday November 9, 2012.
Those share certificate holders are hereby directed to immediately return the cancelled share certificates so that they may be exchanged for new certificates with the correct and active cusip to:
Empire Stock Transfer
1859 Whitney Mesa Drive
Carson City, NV 89014
For the original version on PRWeb visit: http://www.prweb.com/releases/prweb2012/11/prweb10079903.htm
This article (Final Notice – Cancellation and Exchange of Outstanding Share Certificates with the Inactive Cusip 05968×106) was originally developed by and is property of American Banking News. Checkout American Banking News for up-to-date banking news and peer to peer lending news.
