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My point was simple. It's obvious that they need cash like you and I need blood. I know this because they basically just sold their company to someone, who in reality, does not have two nickels to rub together. This is act of a desperate management team. If they have some type of viable technology, which we will call an "asset", and they cannot pay their bills for research and employees, what other choice to they have? New money is not going to come in and bail out old money and it appears that old money is through with its support. A chapter 11 would get rid of all common stock shareholders, move the current debt into a common stock position and new money into first position. It happens all the time, especially if the company has some viability with its technology. All that really matters here is that Vista will not be getting any money on April 30th, or any other date from BGMO and their mythical affiliates.
Not at all, it may be great stuff and someday save lives, but it won't happen using Bergamo's money, because that have none. The big question here is why would someone with something so good a take a chance on getting in business with a company like Bergamo. If had they done a minimum amount of due diligence, they could plainly see that BGMO has promised much in the past, but never on anything. Plus, they never once publicly explained why every single deal was not consummated. They just go on the next scam like the last one never happened. The SEC won't touch them because they're a non-reporting pinkie. Vista, on the hand, has to be very careful about what they report. They probably look at this as a 20-80 proposition, but what they risk is the public will think they're not very smart, just very, very, desperate for cash. IMO, Chapter 11 is next, then maybe some fresh capital shows up to finish the technology. Like I said, JMO.
Nothing is going to happen to BGMO, nor will they stop with these elaborate charades. After someone from their side dumps 3 or 4 million shares, there will a circumstance come up that prevents them from investing in companies that start with the letter V, or something like that.
Here's the big problem for BGMO. VSTA is a fully-reporting company and they must describe events has they happen, or in this case don't happen. They're will be no $36 million coming on the 30th of April, but unlike the dozen other companies that were mislead by Bergamo, Vista will have to tell the public exactly what happened and this should expose the BGMO boys for who they really are...a penniless pink sheet shell. Having said, I also promise BGMO will come up every imaginable excuse possible as to why the money can't make the trip. They will than go on to the next sucker.
Did you notice that you reportedly have $36 million coming your way in 2 weeks and the volume was 600 shares?
Link you asked for at BGMO and relevant to Vista's dilemma.
http://finance.nrn.com/nrn/news/read?GUID=11009480&ChannelID=3191
For the third time...this is not legitimate funding. Due some due diligence on the funding source..or does nobody really care because it might make your stock plummet.
Again...funding is not going to happen. I encourage all but the "paid" supporters here to visit the BGMO site on this board and I guarantee you not feel you are anywhere remotely close to receiving $36, let alone $36MM. Vista is about the 8th company on which they've pull this same stunt and it's always just to try and pump their own worthless stock. Vista management has to be at a point of great desperation to consider doing business with these people.
Go research Bergamo and Autilion AG and tell me how much of the $36 million you think they will receive. The company is toast without some cash and it is definitely not coming these European penniless shells and their worthless SBLC's. Too bad, maybe there's something of value here, but the legitimate investors haven't seen it yet...not a good sign.
I hope none of you "real" shareholders are planning on ever getting a nickel from Bergamo. If so, I suggest you check their 10 year track record. Your auditor is going to want to touch the cash they say have or he won't sign off on any document. That should be an interesting conversation. Bergamo is infamous for using worthless Standby Letters of Credit to convince other companies they're real and you guys are next in line.
Is this a rhetorical question?
Not quite "enough said". Why don't you mention that in 2012 Merrit converted $100,000 (10K numbers) in "hard" money loans to the company at $.01 per share. Those shares on a good day are now worth $20,000. That's an $80,000 hard money loss and less then half of other "hard" money losses in loans to GEC according to company filings. When you have this kind of a stake in funds given directly to the company, you can open your yap, but until that time...STFU! Also, Arpro is not far behind. I have no doubt that you are a virtual investor "lightweight" compared to these two.
Okay geniuses...listen up
The Castleberry model is such that you can have a multitude of locations in a small region, remediating local waste into a valuable waste byproduct. Alabama could use 5 or 6 by itself. Do think maybe Hawaii could possibly have some waste disposal issues? I mean, right now they ship tons of waste to a landfill in the State of Washington.
They also have the highest per capita number of certified organic farmers in the US and GEC's process is USDA certified organic. Land is a premium in Hawaii and huge landfills or large composting sites are not an option. Also, the soil may be good for some crops there, but not good for others, so improving the soil to grow better varieties will reduce their need to import 60% of their food, which the current situation. So, you have multiple smaller composting site remediating waste and soil capable of growing more food.
Get off the board for a few minutes and do some DD, there are lots of answers available.
Also, IMO, I'd look for new locations to happen around SE region of US in the not too distant future. That USDA certification was a lot more significant than any of you realize.
Help, I want my money back
I thought you all might want to see a picture of BGMO's corporate headquarters at 2505 Anthem Village Dr Suite 328, Henderson, NV 89052. Nice place, lots of office equipment and close to HH's house, good choice. Not a lot of square footage, but that would be a waste of money. These guys are strong - go BGMO
https://lh4.googleusercontent.com/-YNBjZ5mi62c/UJQ8ieXO-iI/AAAAAABffy4/zYQmDfeKLSs/w322-h216-n-k/photo.jpg
In case anyone is interested this is an actual document below being used by BGMO and a number of other non-credit worthy companies are using to try to fake a foreign lending institution into advancing them funds. They all look similar to this one and all have verifiable account numbers and bank signatures attached. There's only one problem, the only person who can actually access the funds is the one who owns the funds, and them only, not Warren Buffett, not Donald Trump, not Bill Gates, and certainly not Hilliard Herzog or Robert Fowler. This means these documents can float all day long with no worry of the money being at even the slightest risk of losing the funds. However, I wouldn't say they are valueless, just ask the people who paid the "Newby's and Fowler's" of the world, those two and others like them have done quite well. BTW, I've seen a dozen of these and this one wasn't even the best. The best was written against the Bank of China, the money was there, the people were legit, but sorry Charlie, no can have money.
RWA-7
Swift Input : FIN 999 Proprietary Message
Sender : CIBGRUMM
CIBC ALLIANCE GROUP, MOSCOW, RU
Receiver : HSBCINBB
HONGKONG AND SHANGHAI BANKING CORPORATION LIMITED
--------------------------- Message Text ---------------------------
20: Transaction Reference Number
xxxxxxxxxxxxxxxxxxxx
21: RELATED REFERENCE
xxxxxxxxxxxxxxxxxxxx
79: NARRATIVE
RE: STANDBY LETTER OF CREDIT NO. ESFTLC202398421093MC-SLC221
STANDBY LETTER OF CREDIT NO.: ESFTLC202398421093MC-SLC221
AMOUNT: 6,000,000.00 (THREE MILLION)
CURRENCY: USD
DATE OF ISSUE: JUNE, 21 2011
DATE OF EXPIRY: JULY, 20 2014
ISSUER: US CAPITAL FUNDING SERIES II TRUST,
ADDRESS: XXXXXXXXXXXXXXXX
BENEFICIARY : THE HONGKONG AND SANGHAI BANKING
CORPORATION LIMITED.
ADDRESS : 52/60 MAHATAMA GANDHI ROAD,
MUMBAI – 400001
SWIFT CODE: HSBCINBB
WE, CORPORATE INTERNATIONAL BUREAU OF COMMERCE ALLIANCE LOCATED AT 6, PROTOCHNIY LANE, 121099, MOSCOW, RUSSIAN FEDERATION, RELAY THIS MESSAGE AS RECEIVED FROM US CAPITAL FUNDING SERIES II TRUST I FOR THEIR CUSTOMER, ESOFT INFORMATIS, LLC, ADDRESS: XXXXXXXXXXXXXXXXXXXXXXXXX.
WE, U.S. CAPITAL FUNDING II SERIES TRUST I CONFIRM WITH FULL RESPONSIBILITY, THAT WE GUARANTEE THE PAYMENT FOR THE IRREVOCABLE STANDBY LETTER OF CREDIT NO. ESFTLC202398421093MC-SLC221 ISSUED BY US CAPITAL FUNDING SERIES II TRUST I ON JUNE 21, 2011 FOR USD 6,000,000.00 (SIX MILLION US DOLLARS) INCLUDING INTEREST AND OTHER CHARGES TO GUARANTEE PAYMENT OF THE SUMS DUE TO YOU BY RUBIOUS INDUSTRIES PRIVATE LIMITED, ADDRESS: XXXXXXXXXXXX UNDER THE CREDIT FACILITY MADE AVAILABLE BY YOU TO RUBIOUS INDUSTRIES PRIVATE LIMITED.
THE FACILITIES COVERED BY THIS INDEMNITY ARE AS FOLLOWS:
TYPE AMOUNT: WORKING CAPITAL/TERM LOAN USD 6,000,000.00
WE HEREBY IRREVOCABLY UNDERTAKE AND AGREE TO PAY YOU ON RECEIPT OF YOUR CLAIM BY WAY OF EITHER A TESTED TELEX/AUTHENTICATED SWIFT WITHOUT ANY FURTHER PROOF OR CONDITION OTHER THAN DEFAULT.
THIS STANDBY LETTER OF CREDIT WILL EXPIRE ON THE ABOVE MENTIONED EXPIRY DATE, AT OUR COUNTERS, AFTER WHICH DATE OUR LIABILITY TO YOU UNDER THE LETTER OF CREDIT WILL CEASE AND WILL BE OF NO FURTHER EFFECT WHETHER THIS INSTRUMENT IS RETURNED TO US OR NOT.
WE HEREBY ENGAGE YOU THAT CLAIMS RECEIVED IN CONFIRMITY WITH THE TERMS OF THIS CREDIT WILL BE DULY HONOURED.
THIS STANDBY LETTER OF CREDIT IS SUBJECT TO THE UNIFORM CUSTOMS AND PRACTICE FOR DOCUMENTARY CREDITS (2007 REVISION) INTERNATIONAL CHAMBER OF COMMERCE, PUBLICATION NO.600 AND ENGAGES US IN ACCORDANCE WITH THE TERMS THEREOF.
WE WILL BE SENDING MT760 VIA SWIFT UPON YOUR ACCEPTANCE TO RECEIVE THE SWIFT MESSGAE MT760.
.
UNQUOTE
.
REGARDS,
CIBC ALLIANCE GROUP, MOSCOW, RU
You may very well be right, anyone with substantial shares could have written that check for $35K, in fact, I'd be shocked if it wasn't someone besides BGMO, and whoever that guy is for sure would not want an audit before he can sell his shares.
Investman, I'm using my one post of the day to tell you that your post regarding the Swift was as good as it gets and should get a sticky for sure, because I have feeling there's about to be a few hundred posts claiming the Swift is legit and your post will be buried on page 3. Keep up the good work!
Can someone please tell me why anyone would short a 2 cent stock like BGMO when there's little or no volume? How do you make money with that strategy?
Great idea! Only one problem, you cannot have a rational debate with a group that favorably compares Hilliard Herzog to Warren Buffett. However, when you think about it, what rational share buyer, who really believed they had foolproof information about a company's positive future, blast it out on the Internet? I'd mortgage my house and be quietly buying all I could at these pseudo low prices. Obviously these people are not owner or buyers. IMHO of course.
The SBLC may very well be "cash backed", but that cash is not available to BGMO and never will be, IMO of course. However, a little DD will prove me right, but it's nice to see a few people, including me, have been able to cash some worthless chips.... along with HH of course.
CPA FLEW TO EUROPE UNDER STRICT NCNDA ORDERS!
So the CPA flew to Europe (not) under STRICT NCNDA ORDERS, then proceeds to announced to the world what he has seen, what kind of NCNDA is that??? I'd love to see that document, probably had a clause that stated "BTW, this document is a lot like the compilations you are about to prepare....meaningless"
BGMO IS A ONCE IN A LIFETIME INVESTMENT OPPORTUNITY....because if you do you might as well kill yourself....IMO of course
BIS advises caution against fraudulent schemes
http://www.bis.org/about/warning0405.htm
The Bank for International Settlements' (BIS) name, logo and address are increasingly being used in attempts to defraud the public, for example through bogus financial transactions, fake lotteries and other scams. In some scams, the BIS is mentioned as the bank through which payments will be made. Fraud may be perpetrated via letter or e-mail, or by using a website purporting to be that of the BIS.
The BIS has been made aware of a number of fake BIS cheques being sent to members of the public in the United States from "Capital Liberty Service Inc" in connection with a lottery scam. (See also the general warning on international lottery scams from the US Federal Trade Commission). The Bank is also aware of fraudulent websites which are misusing its name and the names of members of staff.
In this connection, the BIS would like to remind the public that it neither accepts deposits from, nor provides financial services to, private individuals or corporate entities. This includes payment services such as cheque clearing. The BIS is an international organisation whose banking services are provided exclusively to central banks and other international organisations.
The BIS strongly cautions the public against sending money or disclosing bank or credit card details to any person who claims to represent the BIS or to have a banking relationship with the BIS.
The BIS is not connected in any way with such scams (*), and cannot be held responsible if its name, logo and address are misused in schemes intended to defraud the public. If you consider that you have been the victim of fraud, we recommend that you report any complaint to your local law enforcement authority.
(*) Examples of fraudulent scams/websites of which the BIS has become aware in the recent past include:
http://www.bancintstl.com
http://www.bfoisonline.org
http://www.bfisonline.net
http://www.bfois.org
http://www.bisettlement.com
http://www.bisfi.org
As clearly stated here Bradford has absolutely zero liability for providing this compilation: We have not audited or reviewed the accompanying financial statements and, accordingly, do not express an opinion or provide any assurance about whether the financial statements are in accordance with accounting principles generally accepted in the United States of America.
Management is responsible for the preparation and fair presentation of the financial statements in accordance with accounting principles generally accepted in the United States of America and for designing, implementing, and maintaining internal control relevant to the preparation and fair presentation of the financial statements.
Our responsibility is to conduct the compilation in accordance with Statements on Standards for Accounting and Review Services issued by the American Institute of Certified Public Accountants. The objective of a compilation is to assist management in presenting financial information in the form of financial statements without undertaking to obtain or provide any assurance that there are no material modifications that should be made to the financial statements.
And you're right "figures don't lie", but as the saying goes "liars can figure". Good luck with this one.
From LL Bradford We have not audited or reviewed the accompanying financial statements and, accordingly, do not express an opinion or provide any assurance about whether the financial statements are in accordance with accounting principles generally accepted in the United States of America.
Management is responsible for the preparation and fair presentation of the financial statements in accordance with accounting principles generally accepted in the United States of America and for designing, implementing, and maintaining internal control relevant to the preparation and fair presentation of the financial statements.
Our responsibility is to conduct the compilation in accordance with Statements on Standards for Accounting and Review Services issued by the American Institute of Certified Public Accountants. The objective of a compilation is to assist management in presenting financial information in the form of financial statements without undertaking to obtain or provide any assurance that there are no material modifications that should be made to the financial statements.
If this isn't a "lock-tight" disclaimer, I've never seen one.
BIG NEWS!! BGMO LOSES OVER $821 MILLION IN ASSETS JANUARY 1, 2012 thru SEPTEMBER 17, 2012! This according to documents filed by BGMO and viewed at http://www.otcmarkets.com/stock/BGMO/filings. The net results of the company's transactions in 2012 have resulted in an equity loss of $210 million, or 216%. The same goes for net income, which is down over $92 million, or 204% from 2011. This company does not appear to going in the right direction and as a shareholder, I'm concerned. Does anyone else feel this way.
How's this for a BGMO management IQ test...they issue 60 million shares for $.001 per share and now they're going to buy them back for $.02 or more per share. Either you are wrong or these guys are not very bright, or both.
“It is important to note L.L. Bradford has received and reviewed each and every document supplied by the Company as to its authenticity" Except the only one that counted, that would variable bank statements.....
It was posted on the GLEC Forum by Arbpro. You cut it from there and pasted it here like it was your own.
But it only seems to involve the IHUB, what's up with that?
Of course he is...you don't see any misspelled words do you?
The "proof" will be in the pudding, of which, there is nothing yet to sample. However, the promoters want someone who is not yet familiar with this company to start buying the company's stock. All this talk from people wanting the stock to go up is totally meaningless.....but entertaining I must say.
Have you noticed that the trading has gone nearly flat since this new effort you mentioned started? IMO this does not bode well for the our share price.
"the only way the 144 shares will become free trading is if the company files a registration statement"
This is simply not true. BGMO is a "non-reporting" company, which means only a certain set of rules apply. As an example, can you show us any document relating to Form 3 or Form 4 filings for the principals....no, because they don't exist, just like all the other reports this mirage of a company does not file. You can for sure look for everyone of those now unrestricted shares to soon be deposited and sold. There's a potentially large profit to be had for some of the holders and yearend is fast approaching, as are higher capital gain taxes for next year. Sell, sell, sell.
How can I proof the existence of something that does not exist?
How about we start with you proving it is and please don't refer to an unaudited compilation from a lower tier accounting firm.
No way in hell..............
HH said the accounting firm made the trip to London, BTW, that was one week before the Olympic Games and not a good time to be going to London. The accounting firm had a perfect opportunity in their report to state that they had made the trip and viewed financial documents, but somehow this critical information was not mentioned. Having said that, I can tell you auditors do get on planes to check things like inventories that are critical to authenticating balance sheet items, but this only happens at the time of audit, and it would never happen to examine financial documents or contracts. During an audit, timeliness is everything, meaning if you were counting widgets, the number of widgets on hand would have to be verified as of a certain date, i.e. if your quarter ended on 9/30/2012, the auditor would be there on that date and his count would appear in your financial report. I can tell you that they do not travel across town to verify money or documents, let alone flying halfway around the world. Viable institutions that may be the holder of contracts or types of assets like cash on hand, do verification with certifications. If an auditor ever had to check something out of the country for accuracy, the firm would contract with a foreign corresponding, especially true for cash accounts or contracts. It's ridiculous to think HH forked over thousands of dollars when it could be done for far, far less. The trip simply did not happen.
"Could BGMO really only be 2 guys in a room?"
Didn't you mean to say "two guys in a mail slot?