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Shawn needs to be more active in explaining to investors why they shouldn't give up hope on the company. Having an IR firm repeat broad general statements about the potential benefits of drug rescue leads investors to conclude nothing new or notable is happening at VSTA. It's likely the company can't sustain stand-alone operations, therefore it should hire an investment bank and announce it is "studying strategic options". There really isn't any other choice, otherwise the company will languish on increasingly expensive loans from Platinum while its equity gets squashed and its IP gets stale.
Shawn made a solid investor presentation --- too bad the company failed to accomplish any of the milestones he laid out for 2013 in Slide 34. The story behind VSTA has always played well to financial investors -- but one has to ask why pharma aren't using the tool to assay drug candidates. The answer could be any of these: (a) they don't believe the tool accurately predicts toxicity or lack there of to a level of confidence they require, (b) they don't know about the tool, (c) they know about the tool but don't like the cost, (d) they are using alternative ways of accomplishing the same assay, whether from another company's tools (Hurex) or stem cells they've grown themselves.
The company talks big about about the potential of its tools, but doesn't give much info on what is really happening at the company -- such as what is the sales pipeline. All we've seen is a company that tells a story to raise money from investors and grants, but hasn't found its footing in commercial activities. Shawn's been there over 4 years - how long before he gets booted? The highly embarrassing episode with BGMO reflects very poorly on Shawn's business judgment and ability to distinguish real business from hopeless dreams. He has ignored mountains of evidence that BGMO is a penniless fraud, yet refuses to abandon the pipe dream. I don't think board members or shareholders can rely on him any more to assess, for instance, likelihood of pharma using the CardioSafe 3D.
I really liked slide 18 which shows an actual picture of the assay system -- with mini-hearts on a chip. I don't understand why the company isn't selling these slides to every pharma? There must be something wrong with their business model.
I wonder if Shawn presented at 2014 Nobel Conference? It's not clear what is happening at company, if anything.
Will Vistagen be making a statement now that it's public knowledge that Autilion is in liquidation?
Blows a hole in the story that Autilion will be funding "between mid-January and mid-February 2014".
How many broken promises does it take for Shawn to wake up and smell the coffee? We will eventually know the answer.
Is there anything that backs up Herzog's statements -- for instances, lawyers, financial advisors, accountants representing BGMO that vouch for the ability to pay, or otherwise logically, be involved in an investment of this type? Did BGMO do the due diligence one would expect? Did they do any due diligence? What customers did they speak with? What research on the merits of VSTA inventions and strength of patents?
Did Shawn speak with any of the accountant or lawyers that the company claims represent them? What did Shawn do to verify BGMO's bona fides. Doesn't Shawn think it peculiar that BGMO has never made a PR about acquiring a company 18x its market cap.
Herzog has long unbroken history of tell false stories and making outlandish claims of funding and investment. His company has been thrown off the lowest level exchange in USA and now is available for trading by appointment only. He hasn't filed a real financial statement in 10 years.
Shawn is embarrassing himself with this continued folly. He continues to report on a fake deal as if there was some chance it would be successful. This shows he lacks judgment and shouldn't be running a public company.
Yes, Herzog is responsible for many frauds he actively promoted, including the non-existent Brazil Bank guarantee, the fake deal to get Italian Bank MTNs, the fake SBLCs he claimed were as good as cash, the LondonWall and FortuneMint and eSoft investments, the June 2010 claim that $60 mm was deposited into BGMO accounts -- the list is very long. But we know Herzog is a habitual liar and conman who has defrauded shareholders through false and misleading PRs for years.
My point is that no one should be surprised that another BGMO executive (Salim) turned out to be rotten to the core and up to his neck in legal problems. Corruption is endemic in Pakistan. Even some Pakistani expats, such as Sohail Parekh or Shawn Singh, are unscrupulous, or at the least, just plain dopes. Ansari of Suntrough, on the other hand, dumped Herzog and avoided being tainted. Not that Suntrough amounted to anything, or Morgan Solar or for that matter, eSolar.
Herzog has been deeply involved with frauds and conmen for years. It's a long list -- Vivek Singh, Snake Oil Ali, Robert Fowler, Shannon Newby, Pilot Industries, Arene and many more we don't have the name of. I don't know why anyone is surprised his Pakistan executive turned out to be a fraud -- same can be said about his India and Dubai connections.
Anyone seen/heard from the dear leader? Trading has all but stopped, which is excellent. Company is dark. Autilion being shuttered. Not much to talk about.
BGMO can't stop trashing their ex-partners - as they did with Rahi and Swire. Always blaming everyone else -- never looking in the mirror. Pot calling kettles black. A remarkable 10 years of accomplishing absolutely nothing.
Great Due Diligence -- Can Shawn Singh keep ignoring the overwhelming evidence that BGMO/Autilion are scam shells run by inveterate liar with no possibility of fulfilling the SPA.
Shawn's been punked. He looks like a complete idiot. There is no bid on the stock because nobody wants to own a company run by an idiot.
If Joe Canouse is involved -- run for the exits. See the sordid history of QASP and many other companies for how shareholders get treated.
Last year, Quasar Aerospace, which is run by one Joseph Canouse, founder of the notorious Atlanta penny stock operation J.P. Carey (and alumnus of an even more notorious one, Colorado’s Chatfield Dean), announced a deal to buy Holdings Aviation.
http://observer.com/2014/01/get-off-my-cloud-fishy-n-j-company-stock-soars/
I trust you saw JC mentioned in an article on InterCloud. The article is about an alleged penny stock fraud - and only mentioned JC in passing, but it does show he is involved in numerous scams to enrich himself at the expense of others.
Can anyone list the penny's JC's involved in -- so I can steer clear.
http://observer.com/index.php?s=canouse
With his passive and accepting behaviour, Shawn continues to aid and abet the BGMO penny stock swindle. This is bringing out his feminine side. What does it take for this guy to figure things out and take action? What does it say about his credibility and the direction of VSTA?
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=96105990
We all know Autilion is empty shell sub of well-known penny stock scam, Bergamo Acquisition, run by serial liar and b.s. artist, Hillard Herzog. SEC closed down trading in BGMO last August and company has gone completely dark. Everybody got the message, except, apparently, Shawn Singh.
It's a mystery why Shawn holds hope BGMO/Autilion will make good on Herzog's repeated empty promises, given HH's long unbroken history of failing to deliver on anything to anyone. Singh must be quite the chuckle head -- is he seriously running a public company? A real display of poor business judgment and incompetence.
This big stain on VSTA only serves to drive away any real potential investors who conclude "why get involved with a company that deals with a suspected fraud under SEC investigation?"
Rigor mortis is setting in at BGMO. The stench is unmistakable. Nothing at all is happening, and nobody cares. I just find it amusing, and I praise the lord that the SEC threw this scam company into the grey markets where the charlatans can't milk cash from naive people using their unending b.s. stories.
The world will keep an eye on Hillard and Sohail, and their friends. That is justice.
The SEC trading halt in August did exactly what was intended - stopped the ongoing fraud that is BGMO, and sent the shares to grey market from which little money can be extracted.
I am pleased with where things are. But given the nature of this scam and how it operates, it can and likely will hang on for a very long time. For this reason, I remain vigilant.
VSTA filed this with the SEC:
Item 8.01 Other Events.
We have an ongoing process of evaluating potential business opportunities that we expect will contribute to our future growth. Among our current opportunities <sic>, we have entered into a Securities Purchase Agreement, dated April 8, 2013 (as amended, the "Agreement"), with Autilion AG, a company organized and existing under the laws of Switzerland ("Autilion"). Pursuant to the Agreement, Autilion is contractually obligated to purchase a total of 72.0 million restricted shares of our Common Stock at a purchase price of $0.50 per share for aggregate cash proceeds to us of $36.0 million (the "Autilion Financing"). Through January 6, 2014, we have completed a nominal initial closing of the Autilion Financing. Although there can be no assurance that an additional closing of the Autilion Financing will occur, on January 6, 2014, Autilion informed us that it expects us to receive the full $36.0 million committed under the terms of the Agreement between mid-January and mid-February 2014.
Shawn, BGMO, a defunct grey market shell company under SEC investigation hasn't come up with the money they promised you three months ago, five months ago, six months ago, and nine months ago, etc.
You are aware that Hillard Herzog is a serial liar and dissembler who has repeatedly promised funding to several companies, always on highly favorable terms to the companies and committed to with nominal due diligence. Never has he produced the money for anyone, but never has he ever acknowledged his failures nor retracted/cancelled his commitments. The man is a psycho.
You are aware that his source of funds is a phony "cash secured deposit" arrangement involving non-existent Anguilla shell, National Wealth, about which nothing is known. You are aware Autillion is failed Swiss company having no operations or offices. Have you tried to verify the HSBC deposit - easily done if its real?
Shawn, you are being conned. It's time for you to report this to SEC:
Sanjay Wadwha, (212) 336-0181 or wadwhas@sec.gov
Associate Regional Director, New York Regional Office
George N. Stepaniuk, (212) 336-0173 or stepaniukg@sec.gov
Assistant Regional Director, New York Regional Office
Keep This In Mind
http://www.thewhistleblowers.org/?p=28934
It's a fraud -- has been for years.
You over estimate me. I haven't heard anything from or about Herzog in over a year. He's gone AWOL and stopped any pretense of running the company. I certainly don't know of anything "he is working on". Given how many con jobs and head fakes he's done over the years, it's natural to assume he'll do it again, even though he's hasn't said a peep since SEC slammed BGMO into the ground. He also hasn't said a peep about VSTA. Makes me wonder who is running things -- this looks a lot like Weekend at Bernie's.
Nothing matters, since shares are exiled to dark grey no-man's land.
Who was the scammer behind "LondonWall" that Herzog claimed repeatedly in several PRs was about to fund $1 billion, even providing details of the BGMO bank account about to receive the money?
We know about Vivek Sinha and Shannon "may the world never forget the name" K. Newby. We don't know much about Foxbank, except ICG litigation revealed they provided transparently phony SBLC to BGMO which Herzog paid for. Who is Snake Oil Ali of Elpiconjob, the Singapore scammer -was he behind FortuneMint and the HK depositors?
We know BGMO's close friend, Robert Fowler and US Capital Funding, provided completely worthless SBLCs.
Who were the scammers behind the Italian Bank MTNs and the Brazil Bank guarantee, from fake bank run out of empty store front.
Who's the scammer behind Autillon and the fake $88 million net profit?
Who's the scammer behind National Wealth Int'l and the faux HSBC deposit.
So much still to learn, even after BGMO is dead and buried. BGMO is of course dead, but not buried, as company is doing a Weekend at Bernie's to keep the con job going a bit longer.
Can you prove Herzog didn't pay anything. Herzog paid eSoft and he paid Foxbank. Why would you think he didn't pay Fowler?
Thanks for the great research.
BGMO has ceased operating. It's only a matter of time for the slow-wheels of regulators to withdraw the corporate standing and have the shares expunged.
Herzog was one of those unsophisticated naive idiots who got taken to the cleaners by Fowler. Does anyone know much cash BGMO lost to The Ladies Man? Hilly trafficked that worthless paper all over the place. It was the source for several years of head fake PRs starting with June 2010 "$60 million deposited into BGMO account" through the Indonesian "clean" coal mine. To this day, BGMO and its PRs about US Capital Funding Trust top the search charts of Fowler. Herzog never retracted a single claim about those SBLCs.
http://www.brokeandbroker.com/2036/bank-guarante-standby-letter-trading-platform/
http://hk.linkedin.com/pub/hrh-robert-fowler/17/560/b34
Good work, now there is a $1.50 trade on the tape. Stock is down 80% for the year and 99.2% from one-day peak in 2009, and still overvalued at $0.01.
The sham of BGMO unraveled in 2013 when the SEC face-planted the shares into the grey market with suspension and expulsion. Given that company is failing to maintain any semblance of corporate functioning, its only a matter of time before the shares get expunged completely.
2013 started with vigor -- a "current" OTC Markets status and a new scam centered on faux $1 billion deposit at HSBC and a co-investment arrangement with unknown Anguillan shell named National Wealth Management to invest money drawn through a "cash-backed deposit" scheme, that a real accountant stupidly described in a letter on his firm's letterhead. As with other BGMO frauds, no information could be found on NWI or the BGMO subsidiary, Autillion, which reported over a year ago $179 million of cash on its balance sheet and $88 mm net profit - never to be seen or heard from again.
The scheme notched up in April with signing of Share Purchase Agreement to invest $36 million into another Quality Sucks represented company, Vistagen. BGMO repeated and consistently defaulted upon the SPA right up to today. BGMO never explained anything about this investment (essentially taking over another public company) or made any required regulatory filings related to a takeover (such as HSR).
The already faltering BGMO came to complete stop on August 2nd when SEC finally took action. We can only wonder what triggered the ,ove -- numerous complaints filed to SEC, LL Bradford throwing its client under the bus, or an outgrowth of the Robert Fowler US Capital fraud indictment.
Since Aug 2nd, nothing has happened. The company is completely dark, except for telling Shawn Singh the money is about to arrive. HH/SP are in hiding. The company doesn't function in any way, as required by law and regulations. In 2013 the fat lady sang. The corpse is dead and rotting, but not yet buried.
Cheers and Happy New Year to all.
QASP paid a large finders fee to Shannon K. Newby, for empty promises of financing. Mr. Newby explained the financing with gooblygook, and proclaimed he would make banks obsolete. He said the world will not soon forget the name, Shannon K. Newby. He was right.
Newby's scam was not erased by reverse split. It continues, just like the claims against Dean Bradley and Joe Canouse.
The world will never forget the name Shannon K. Newby
Any comments about BGMO? You touted this stock a year ago, and now they are suspended by SEC and trade on grey market for fraction of price from when you were promoting. None of the statements and predictions about the company have come true.
Any regrets or apologies? It's OK to admit you were drawn in by the story-telling CEO, who promised the world. It's less OK to stay silent when you aided the promotion.
Can I can stop "watching" BGMO now that it's grey market? Not your best pick.
2013 Accomplishments:
-Share price went from $0.05 to $0.01 (but only for tape paints, any actual sale at $0.001 or less)
-SEC suspended the shares in August, for good
-Dropped from OTC "Current" to Grey Market "Skull & Crossbones", purgatory from which there is essentially no return
-No financial reports in 15 months
-No communication to shareholders except measly PR about "overseas trip to fix things".
-No Annual Shareholder Meeting or vote for Directors
-No explanation of 62 million share gift in 2012 at $0.001 per share
-No PRs on agreement to purchase $36 mm shares in failed biotech stock, a binding obligation which the company immediately and repeatedly defaulted on, to the surprise of no one except Shawn Singh
-No explanation what happened to $179 million in cash reported as asset in Sept 2012 financial report
-CEO & CFO stopped responding to shareholders and gone into hiding
-Still haven't repaid Rahi for trip to Pakistan for solar demo
-Florida solar subsidiary operating under cloak of invisibility
-No information provided on investment in Broker/Dealer with option to acquire control
-No information provided on deal with National Wealth Management, an Anguilla shell, to "invest" like Buffett $1.0 or $1.5 billion supposedly on deposit at HSBC, but which no one bothers to get direct confirmation from bank.
-Close friend, Robert Fowler, arrested and indicted after FBI and AG investigation -- does company still think those US Capital FUnding Trust SBLCs are "money good" at any bank in the world?
-No reports on those JVs in India, Pakistan, Dubai to manufacture solar lamps, LED, solar pumps, etc.
-No report on New Delhi biomass projects with Pilot Industry, which provided 43 mm rupee check
-No news on LondonWall, FortuneMint, elpiconjob, eSoft Informatics, FoxBank, etc.
-No news on announced Indonesian clean coal mine.
-No news on anything
-Rent-a-office in Regus center closed, now just UPS box.
Thanks for great insights - I agree completely. VSTA had a promising tool 10 years ago, but $50 mm has failed to produce commercial traction. The company is stuck with no plan and no money, surviving on bridge loans from Platinum. I am surprised any shareholders stick around, but hope springs eternal.
There are many players competing in this space, and as you point out, the Pharma can do it themselves. Once it became known that organ cells can be cultivated, it was only a matter of time for interested parties to do this themselves. VSTA doesn't have resources to find and litigate companies infringing on its IP, especially since there is no direct revenue associated with the infringement.
I follow Hurel -- http://bostonbiotechwatch.com/tag/hurel/
While I too speculated that BGMO was abetting Pakistanis efforts to get money out of their country, it's far from possible to say "we know the real truth." The web site appears to be a disgruntled landlord seeking dirt on Robert Fowler.
It would be odd for someone really involved in money laundering to put forward preposterous financial schemes like Herzog has done, that would draw scrutiny from SEC and others.
I think the BGMO saga, now over, involved HH/SP avoidance of having to pay on their personal guarantees of Camofi debts, the moron in Vancouver who thought he'd found a business genius, a corrupt broker/dealer in NY seeking to milk money from pink stocks, and in recent years, a failed Euro-trash partner who was the source of the NWI/HK scam. Herzog's willingness to be the front man, filling the role of CEO, telling false and misleading stories, allowed the others to milk the cow in relative obscurity.
IN 2012 WE DISCOVERED A VERY SOPHISTICATED, ORGANIZED, INTERNATIONAL, FRAUD, MONEY LAUNDERING + TAX EVASION FEDERATION SECRETLY OPERATING IN THE FINANCIAL SERVICES BROKER COMMUNITY UNDER DIRECTION FROM ROGUE PRIVATE BANKERS + GOVERNMENT OFFICIALS WITH PROTECTION FROM CRIMINAL ELEMENTS INSIDE LAW ENFORCEMENT. WE HAVE RECEIVED REPEATED DEATH THREATS + OVER 100 DDOS ATTACKS SINCE MAY 2013 BUT WE WILL NEVER STOP SHOWING THE EVIDENCE UNTIL WE EXPOSE THE LEADERSHIP OF THIS MONEY LAUNDERING FEDERATION. TO EFFICIENTLY USE THIS WEBSITE, (1) WRITE THE NAME OF INTEREST INTO THE SEARCH WINDOW ABOVE "RECENT POSTS" TO SEE ALL POSTS REGARDING THAT NAME, OR (2) GO TO "CATEGORIES" ON THE RIGHT SIDE WHICH IS IN ALPHABETIC ORDER BUT DOES NOT SHOW ALL NAMES, OR (3) SIMPLY SCRAWL THROUGH OUR ENTIRE EVIDENCE LIBRARY CONSISTING OF OVER 2000 POSTS STARTING WITH THE MOST RECENT POST + ENDING AT THE FIRST POST ON THE BIRTH OF THIS WEBSITE. IF YOU HAVE HARD EVIDENCE THAT YOU WANT TO GET TO US, YOU CAN MAKE CONTACT AT THESE 2 SKYPE NAMES: DAMARREALESTATE OR SKALPOE1809. - See more at: http://www.thewhistleblowers.org/?s=bergamo#sthash.Q9ppptPy.dpuf
Money Laundering
http://www.thewhistleblowers.org/?s=bergamo
"IF YOU ARE 1 of the 388 SHAREHOLDERS IN BERGAMO ACQUISITION CORP WITH EVIDENCE RELATING TO ROBERT FOWLER (US CAPITAL INVESTMENTS ll) OR THE 1.5B USD AT HSBC HK, CONTACT US ON SKYPE: damarrealestate
YOU MAY BE A VICTIM OF A VERY SOPHISTICATED MONEY LAUNDERING SCHEME.
- See more at: http://www.thewhistleblowers.org"
Once JC took control it was just a matter of time before the common shares were destroyed. Out of curiosity, did JC ever actually amend the toxic Series A preferred conversion rights? --- not that it matters. Sorry I haven't been following the QASP sob story this year. Did AG ever take any action against Dean or others?
It's tough to be CEO of a company that has squandered $50 million trying to turn a promising idea into a commercial business. Luckily he has Platinum over a barrel, which allows the company to subsist on a starvation budget, waiting for some lucky break. I don't think VSTA is a scam -- the company had a creative idea and real inventions, but it didn't have the skills/good fortune/ability/people/luck etc. to go from the lab to the market. One can debate whether it was a good idea or not for VSTA to use it's proprietary stem cells to re-screen failed drug candidates to find a few that, in fact, aren't toxic to organs. But the market so far hasn't shown a lot of interest in this methodology. Somebody closer to the market could answer why big pharma isn't showing interest, but the reality now is the company has no commercial revenue, little prospect of commercial revenues, one single drug candidate just in Phase I, no money, etc. There is little of value here.
On top of this, Shawn reveals jaw-dropping bad judgment to get into bed with Hillard Herzog -- accepting an implausible $36 mm investment on fairy-tale terms from a group with absolutely zero experience or credibility in pharma or biotech investment, which did zilch due diligence, which has not made a single identifiable investment ever, has history of lies and evasions, has no reference from anybody except its IR firm, is an unaudited non-reporting pink sheet scam which depending on the day of the week, is in the clothing business, power plants, coal mines, solar, aircraft finance or recycling, associates with known scum like Robert Fowler and Vivek Sinha, and which subsequently defaulted on every single deadline stipulated in the legal share purchase agreement. But, just as Charlie Brown will once again believe Lucy won't pull the football away, Shawn will keep believing Herzog's fables and head fakes that the money is coming.
Platinum's self interest is to prop up VSTA's share price, since its management fees are based on NAV -- and its trying to hide this loser from its LPs.
VSTA can languish for a few years in its current near vegetative state. We can all hope for a miracle to occur (big pharma acquiring the company for its IP), but the enforceability of (and hence the value of) the company's method patents has been shaken by changes to patent law. And, VSTA doesn't have the resources to litigate and enforce its patent, or even survive a challenge. A more realistic outcome is that VSTA merges with similar sick dog, but hopefully one with better commercial prospects. The company could also get used as a RM platform, since it has current SEC filings and audits (all the debts would need to be converted to equity, so existing shareholders will end up with pennies).
It seems to me, VSTA is falling behind other companies in applying stem cells to drug discovery, and doesn't have the resources to attract top talent or launch new initiatives. I give the company little chance of progressing on its sole drug candidate -- and the lack of information on this opportunity does not give me any comfort.
The company is run by a well-meaning, but naive lawyer cum financier, who is willing to work for peanuts and who exercises options at above market prices as a show-of-faith. He bought off on the "story" while faking his way as a biotech venture capitalist, and now he is sinking with the ship. His naivete and lack of business skill is demonstrated by continued hope and prayer for Hillard Herzog to complete a totally defaulted SPA, despite overwhelming evidence that BGMO/Autillon is just a scam shell company. WHile I can't really assess the value of stem cells that act like "organ cells on a slide", I can certainly assess Shawn's stupidity in dealing with BGMO.
With 2013 coming to an end, BGMO remains in an SEC induced comatose vegetative state, with its sociopathic CEO refusing to communicate with shareholders. All normal corporate actions, such as registrations, tax filings, disclosures, PRs, financial reports, etc., have ceased. BGMO has gone dark.
The Skull & Crossbones on OTC Markets blinks like a neon sign for all to see that BGMO is a fraudulent scam. I toast my fellow stalwarts who helped bring Herzog and the Vancouver grifters to the ground this year. [sound effect - Clinking of champagne glasses with little paper umbrellas.]
I would have paid to see look on GP's face the day the SEC slapped down that injunction which stopped this charade. That sure as heck shut his yapper.
Please share any news on Herzog sightings and actions. My resolution for 2014 is to see that Sohail gets his due.
Probably a auto-bot which regurgitates stale info. No human thought involved.
Nothing is happening at BGMO. The company has ceased any pretense of operating. The CEO is not responding to shareholders.
This can go on for months, but the SEC will eventually close this scummy empty shell down. Herzog sealed his fate when he published highly false financial information backed up by lies and head fakes. Bradford squealed like a pig.
The company went silent because the SEC scared sense into Hillard to stop lying. I doubt we'll hear from him again, since he's genetically incapable of telling the truth - ergo silence. Notice HH hasn't said a peep about VSTA. He is scared hitless.
HH figured he found the perfect business model (better than selling ladies garments) -- issue false and misleading PRs based on fig-leaf alibis (like having "signed documents"). He played this game for four years - goaded on by nefarious partners like the Vancouver crooks. This worked as long as HH stayed beneath the radar, after all who really care that penny stock players are getting screwed? The world changed when a year ago he filed entirely fabricated financials with OTC Markets and drew in a law firm and an accounting firm, who have professional licenses to worry about. They threw him under the bus (or at least the accountant did).
The SEC actions slammed Herzog to the ground --- he and Sohail now have prospect of costly litigation which they would certainly lose. Remember how craftily he handled prior litigations. HH will run out the clock. Sohail should get deported, so he can meet his friends he is slandering day and night.
Herzog continues to breach every standard of corporate and ethical responsibility to shareholders, but there is nothing left at BGMO to have a reason to act against him, other than spite.
In any event, the entertainment value of this company has declined, but I will keep an eye out anyways, probably until the day the stock is deregistered, which I guess will be within two years, since HH has stopped making all corporate filings.
Days go by with no trades for this crummy company now that CEO has gone missing. There isn't even a pretense company is meeting any requirements regarding disclosure to its shareholders. Over 10 years since any shareholder meeting. The only financial information is discredited compilation, which got company thrown off OTC Market by SEC since info utterly implausible. Lawyer and accountant threw company under the bus. The year-old IR campaign has negative impact because company/Herzog are complete phonies. No amount of IR can overcome this.
VSTA downward spiral continues.
Inquiring minds would like to know:
1. How is the company funding its burn?
2. What steps has company taken to cut the burn?
3. Where is the company's technology currently being applied or even being tested by cash paying customers?
4. Can the company advance its single failed drug candidate beyond Phase I? What is the time schedule? Who is paying for this?
5. Why does company continue to humor us with BGMO SPA, which has resulted in exactly the results predicted by people who follow Herzog's grifts.
6. When is Platinum going to mark its position to realistic market value.
Of course I amy be talking to myself.
The stock price is following a downward ratchet which will continue since nothing is happening business wise with this company. What would anyone expect, given management's total silence on business matters and funding.
The numb nut IR agent isnt' helping by reprinting once relevant, but now long stale announcements lacking specifics of customers and partners using the company's technology. It's just shoveling stale B.S.
The biggest Red Flag is VSTA's faith that BGMO will fund once HH solves the administrative problem with Autillion. That problem being the concocted story that Autillion has billions of cash at its door step from gargantuan profits it earned in trading euros and a Chinese investor that wants Hillard Herzog to invest like Buffett for 50% carried interest.
One can't make up this idiocy. It's a wonder that VSTA hasn't traded to pennies, given that it is run by a complete moron as proven by his stance on BGMO massively defaulted SPA.
Pipe Dream
How is this "very possible"? How could this help VSTA?
It's laughable that VSTA would consider for one second to acquire a tainted unaudited shell company with no operations or assets (other than possibly 50,000 shares of VSTA), packed with liabilities - real and contingent, such as unsatisfied settlement with Camofi, deferred comp, shareholder loans, long list of pissed off former parters, potential shareholder suits, not to mention unknown exposure to SEC and AG claims for selling shares through false and misleading information?
Is there any benefit at all? I see none. It means getting in bed with a known liar and fraud, who's word isn't worth spit. It means VSTA would be responsible to get audit on BGMO and would assume all BGMO's liabilities -- ha ha ha.
As unaudited shell expelled to grey market is of no value to anyone.
As predicted, the BGMO scam is receding into the black muck -- no communications from AWOL CEO. Trading non-existent. SEC suspension killed the fraud - hooray -- SEC finally did something helpful. No recovery from here. There is nothing to recover. This won't stop occasional tape paint or attempts at reliving the ancient past -- but the fat lady already sang.
Investors wanting tax loss for this year can direct their broker to wiped off the position -- just send written instructions -- will be deemed a sale for $0.