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I doubt HH fabricated the fake papers himself --- it's probably the partner in Europe, the one who created the "subsidiary" which supposely made insta-profits and put together the scam with the NWI shell in Anguilla.
HH has been willingly "fooled" by fake SWIFT papers, fake SBLCs, fake bank guarantees, fake Euronote deposits, fake claims of impending investment from LondonWall, FortuneMint, elpiconjob, eSoft, Foxbank. Frankly the guy is just a magnet for flim flamery, as long as he can keep pumping out PRs.
Forging papers to look like official bank confirmation is simple. Why didn't the accountant or anyone confirm the information directly with someone at HSBC, as would be standard in an audit.
Oh, of course, because the whole scheme is concocted to fool the naive just like all the SBLCs, guarantees, Eurobond deposits, SWIFT confirmations, HYIPs, etc.
No one can answer why any legitimate billionaire person or institution would ever select Hillard Herzog/BGMO as a money manager, given utter lack of prior performance record, investment experience, any success, honesty, governance, investment infrastructure, etc. The fees (50% carried interest) are insanely off-market. The basic structure (cashback deposit?) to make investments through USA C-corp is a complete joke.
Furthermore, none of the supposed money has been seen, released, or in any way proved real.
So the only logical conclusion is -- yes someone made up the HSBC statement.
I agree that since Quality quit, the penmanship of BGMO's notorious IR, twitter, facebook releases slipped badly. IR is becoming incoherent, highly evasive and random.
The quality of comments by critics however is fairly clear and consistent -- Where is the money? Why have all prior PRs proven empty and false? When is legally required shareholder meeting? Why is BGMO defaulting yet again on VSTA SPA? Why is company STOP SIGN on OTC Markets? These are fairly basic questions of interest to any investor, yet company and Vancouver gang can't/won't answer them, further confirming BGMO is a shell story with no value.
What does Hal have to do with this?
BGMO keeps quacking like a penny stock shell. Quack Quack Quack.
Except that the company continues to walk, talk, quack just like the empty shell company that the critics say it is.
No amount of worthless "signed papers", misrepresented work product of accountant/lawyer, pretend deals, head fakes, one-day 100 share rally, unending false and misleading IR campaigns covers up for the obvious fact that there is no CASH and the shares are overpriced at 2 cents.
There has been plenty of time for BGMO to show the cash and they haven't -- obvious conclusion is -- there ain't any to show. Add to this the glaring lack of insider buying and/or company buying of the shares. Hmmmm. Pretty clear to all.
HOW DO YOU EXPLAIN THIS?
Pure Penny Stock Hokum.
If BGMO has any money, why do they keep defaulting on VistaGen share purchase agreement!??
Why have they not done any other investments? Must be slowest money manager of all time.
Why is stock STOP TRADE at OTC Markets?
Standard penny stock grifter approach to baffle investors with pseudo-finance, but there's been PLENTY OF TIME TO SHOW THE BEEF -- and there be no beef to show.
The Vancouver grifters roll out laundry list of financial scams -- SWIFT transfers, Cash backed deposits, SBLCs, phony Investment Agreements, phony counter parties, secret subsidiaries, secret HYIPs, gratuitous mention of famous investor having nothing remotely to do with penny stock.
BGMO is once in life time opportunity to enrich the Vancouver gang. Please help Gary and Mike fund their retirement.
Nobody doubts VistaGen's business -- it files with SEC, its CEO is accessible to shareholders and the company has real offices, verified JVs and consistent strategy. Unfortunately, long time and much money hasn't produced sustaining interest in the company's technology or highly promising drug candidates.
Everyone doubts BGMO's business -- it is opaque unaudited non-reporting pink sheet shell with delusional inaccessible CEO operating from mail drops. It once again this week defaulted on binding Share Purchase Agreement - just as predicted by those who see through the shills and conmen propping up this financial scam. Claims of massive completely unexplainable and inexplicit profit in mid-2012 and access to Hong Kong billions are proving to be the pure hokum one would expect from super-micro cap penny stock.
Will Shawn take this to SEC or FBI?
Why? -- the anonymous posters have been right all along.
ROTFLMAO
ABSOLUTELY WRONG -- the accountant did not verify or authenticate BGMO's cash. They explicitly disclaimed this in their cover letter to the compiled statements.
Where's the 80% today?
True colors of the Vancouver gang shown.
An independent investor ought to be asking management "Where is the d-mn CASH" you claimed last year. Why haven't you made any investments in a year. Why are you defaulting on VSTA share purchase agreement. Why haven't you reported 2012 full year results.
I don't ask these questions, because I know it's worthless to be rational in the face of a penny stock fraud perpetrated by HH/SP and Vancouver gang -- who have much to gain by selling this shell company, and nothing to gain by telling truth, giving honest answers, etc.
Rallies on 100 share and wash trades mean nothing.
I am disappointed.
Last year Herzog and the Vancouver gang mounted a real effort to move the shares, but this year they can't even sustain a one-day rally. Volume is dead (this is what matters, since company prints shares at $0.001).
Last year they:
(a) retained a real accounting firm even supposedly flying a partner to Europe. This resulted in fully disclaimed compiled financial statements of Sept 17, 2012. <I question what the accountant did in Europe, since an honest accountant with half a brain would have told HH that the HYIP and claims of $179.5 million in super secret bank account were bogus.>
(b) Retained IR firm who suggested BGMO "invest like Buffett", which company grandly proclaimed as its new business strategy, but hasn't made single investment like Buffett. VSTA is not remotely like a Buffett stock. IR Firm exited in March, Twitter/Facebook dying with them.
(c) Got lawyer to write opinion letter to OTC Markets about sufficiency of company disclosures, which was likely withdrawn once lawyer realized he had been fed incomplete and inaccurate papers by HH.
This year:
(a) no financial information
(b) no IR effort except notoriously repetitive one which fails to have high yielding impact, no PRs, no interviews, no web site updates, no OTC Markets updates.
(c) Defaulted VSTA share purchase agreement, except $25,000 tip
(d) Continued attacks on critics who points out gaps in story,
(e) Never answers to basic questions
(f) no shareholder meeting, no disclosures -- just darkness
The Vancouver gang is working the grift overtime. Should have seen it coming. A few wash trades and 100 share off-market purchase doesn't change much. Company still has no money. Company still operates from Herzog's home and a UPS mail box. BGMO still owes VSTA $35,975,000 on binding defaulted SPA. COmpany still won't say who got 62 mm practically free shares a year ago. Company still dark as dark can be on OTC Markets. Company still not providing basic legally required disclosures or holding legally required shareholder meetings.
None of the stories of massive investment or profits are remotely believable. None have any independent verification. Company walks, talks, quacks like a penny stock charade -- because that is exactly what it is.
Sorry, I missed the PR / SEC filing about BGMO fully funding the VSTA investment.
Oh, if only I could trust pronouncements of accomplishment from BGMO -- it's just I've heard these claims and congratulations sooooooo many timmmmmes befiore. And never has the claimer ever apologized for being wrong.
Looks like 100 shares is big accumulation from insider -- not. I just laugh at the myriad of head fakes throw out.
Still no money. Just illusions.
Yes, BGMO is empty shell penny stock promotion.
Proven over the years with numerous empty grandiose PRs claiming nonsensical investment, none of which are ever completed.
-No Audit, but massive effort to convince people a fully disclaimed compilation was verification
-Dark - Stop Trade status - for good reason.
-Opaque non-communicating management.
-Vancouver group behind repeated shills
-Numerous lawsuits, which company has lost and been served large judgments
-Ever increasing shares given away at $0.001 per share last summer, now free to trade. Hmmmm.
-Abandoned by service providers - IR firm (QualityStock), lawyers, accountants, etc.
-Run from CEO's home and mail box at neighborhood UPS store
Hope some long suffering shareholder got cash today. Who got the $2 for 100 share trade? It's just the Company and its grifters hard a work.
Alas, it would be so simple to prove existence of cash, if any of the claims were true. But they aren't, so this is just a penny stock trying to shake some money out of an increasingly disbelieving marketplace.
You have your break, since I didn't tell you that. You need to reread my posts.
As requested, Bradford wrote a narrowly defined letter stating what they saw written on papers handed to them by HH.
They did not independently verify that the deposit actually existed by contacting the bank. I believe they were explicitly told not to do this, even though it would be standard accountant procedure in an audit.
Like Seeberger, LL Bradford seems to have abandoned BGMO. Probably because BGMO so actively and willfully misrepresented their work product to the public.
Twitter and Facebook sites haven't been updated. Website and OTC Markets just as stale. Seems like wheels fell off the cart when QualityStocks contract ended.
Whoever is selling shares is turning worthless script into real cash.
Herzog has issued millions of shares/warrants to himself, Sohail and their families. I have no evidence HH/SP are selling since they dumped most of their holdings in 2010. The trading looks like wash trades and tape paints. No accumulation seen of the type one would expect if someone had knowledge that BGMO was something more than empty shell.
Hard for BGMO to dance away from its repeated and highly visible defaults on VSTA Share Purchase Agreement.
FALSE.
Show us a 8-k or 10-K that says "bank statement is verified" to an actual deposit.
The January letter from LL Bradford merely says they "verify" that papers handed them by Herzog showed $1 billion of so-called deposits at HSBC - but Bradford did not independent verify such deposit actually existed and was bound to the too-silly-to-be-taken-seriously NWI Cash-Backed Deposit deal. For obvious reasons -- the letter was narrowly written to be not-false, but also, not meaningful. The Grift required getting an dumb accountant to write a narrow letter and wildly promoting a false story regarding what the letter meant. Same strategy as with the compilation.
HOW WE HAVE COME TO EXPECT THE LENGTHS BGMO AND THE VANCOUVER GANG WILL GO IN ATTEMPTING TO FOOL INVESTORS
On the other hand, here is a case for purchasing at a penny, for risk lovers with iron stomachs. It's knowing you are in a three card monte game, but stepping up with hope to outplay the grifters and shills.
It is a given fact that BGMO is an empty shell with no real assets/revenues. The CEO is a demented sociopathic and his Sancho Panza CFO is equally amoral liar, both of whom apparently will do anything to avoid personal bankruptcy over guarantees on debts or admitting their careers are failures to their wives.
We have seen for years the two of them will tilt at any gargantuan implausible investment/funding con game just so long as they can make PRs. One can expect this will continue, even though this year they've fallen off normal pace, and irrationally made preposterous promises to a public filing company.
Add to this the undaunted chain gang of tiresome IR repeaters unfazed by facts.
A risk taker has a case to buy at 1 cent and hope to exit at 2. But remember, the shares will one day be completely worthless, and that day is approaching. The old guy is not getting younger. Most people can't lie straight to peoples' faces the way HH does with ease. I doubt SP can maintain this.
And where is that Attorney now? Withdrew his opinion letter and headed for the hills?
There is reason shares are pennies -- the market has years of experience with this scam.
The company is serving up baloney sandwich with extra helpings of malarkey .
Perhaps, its because those 62 million practically free shares are open for trading and the Vancouver gang is trying once again to prop up the UTTER FAILURE that is BGMO.
We've seen this movie before and know how it ends. It's hilarious how disingenuous and stupid the head fakes are. I wonder if the company even reads what its IR agents spew out?
BGMO is long-running penny stock scam run by a delusional old failed garment importer who lies with great ability. Little of what HH says can be relied up. His word isn't worth spit.
Time for Shawn to man-up and admit he got "Herzoged".
Fooled you once - shame on HH.
Fooled you twice - shame on SS.
Fooled you ten times - it's a criminal conspiracy to defraud.
This is utter bull rot excuse -- not one dollar of supposed profits has been seen. Answer why none of the rest of the fake profits/cash is available if only $88 mm is required to be on deposit. I am waiting for an answer.
The Sept 2012 financial report was a stunningly false and misleading filing made to promote sale of shares.
Here is the website to confidentially file whistle blower tip -- https://denebleo.sec.gov/TCRExternal/index.xhtml
BGMO is going overboard with lies. Excuses are getting random and desperate.
I figure it takes about 10 complaints for SEC to even consider poking at caveat emptor pink sheet scam like BGMO. Please help put HH and his cronies in the SEC line of fire, like they deserve.
Otherwise this assine scam will go on forever.
Thanks for reminding me not to believe the notoriously inaccurate posts.
How we've heard for years platitudes about everything being fine and silence is good, but nothing ever pans out. Company is getting cheaper by the day (look at stock chart for past four years) -- down down down -- as it should given it's really an empty shell run by delusional story teller without any ability to do real business.
I am eager to see who and how HH blames his way out of the glaring VSTA default.
OTC current status got canned for good cause and isn't coming back any time soon.
This is Weekend at Bernie stock, just propped up to avoid admitting it died. While the smell is getting awful, could keep going on.
The smartest thing VSTA can do now is rid itself of BGMO albatross and its gangs of notorious promoting liars and pissed-off detractors, who distract people from VSTA actual merits. What is Singh doing? Is he willing to "go legal" against BGMO? It doesn't cost much to file suit to compel performance in breached contract.
Shareholders have great place they can take action by filing confidential tips/complaints with the SEC whistleblower site. The claims against BGMO are many -- false and misleading financial statements, manipulation of stock through causing VSTA to enter into change of control deal under false pretenses, no shareholder meeting, etc.
https://denebleo.sec.gov/TCRExternal/index.xhtml
I'd love to hear BGMO's excuses for defaulting on SPA again and again. HH can dissemble and evade with great skill, and his excuses get random and desperate. At some point he aways erupts and blames the victim.
The plain fact, BGMO never had money to invest, and committed commercial fraud and misrepresentation by presenting itself as a bona fide investor with funds to invest. BGMO sought to manipulate its stock and VSTA by causing VSTA to make PRs and SEC filings about a deal that had no chance of happening.
Here is the website to confidentially file whistle blower tip -- https://denebleo.sec.gov/TCRExternal/index.xhtml
BGMO is going overboard with lies -- now acting like BB Solar didn't exist. These people live in fantasy where they ignore all the inconvenient facts, such as all their failed business deals, promises, default on VistaGen share purchase, past PRs, claims of fundings, etc.
Excuses are getting random and desperate.
This is directly contradicted by the accountant's disclaimer in the compiled financial report -- where he expressly denies reviewing, vetting, authenticating, approving any of the financial information handed him by Hillard Herzog -- all LL Bradford did was blindly format the numbers into financial statement format. That's why it's a compilation.
The company works hard to fool people that the accountant's work product is validation.
Why work so hard -- if the money was real -- just flash it around a bit . It's not difficult to show investors you actually have money. A full page ad in Wall Street Journal congratulating HH on his 84th birthday would do the trick.
How about instead of $10/month UPS mail drop, the company lease office space in prestigious Las Vegas/London/NY buildings with modern expenses furniture and leggy head turning receptionists -- commensurate with it's status as leading investment manager. That would do the trick for me.
[b[color=red]]How do you know this?[/color] Regulators don't send letters to companies saying "you're clean". For a small long running non-reporting financial scam like BGMO, SEC basic attitude is "caveat emptor", nevertheless they keep a file of complaints, put company on watch list, occasionally contact company to request information/clarification. It's only when a clear transgression occurs that SEC swings into action -- such as entering into SPA with public company based on false pretenses, which can be construed as market manipulation.
BGMO days are numbered. VSTA SPA was a stupid move. No amount of tape painting wash sales covers up the long string of failures, lies, disinformation on BGMO. Day traders have learned this dog don't hunt.
I implore everyone to file whistleblower tips to SEC highly confidential site.
The "talking points" on BGMO are
1. Regulators haven't caught us yet.
2. The only news is old head fakes about fantabulous fundings/profits from 10 months ago, which haven't been followed by any actions that would be expected if such massive profits where even partially real.
3. Company still operates from UPS mail drop
4. Company fell back to "Stop Sign" no-information on OTC Markets
5. Serial defaults on VSTA Share Purchase Agreements
6. Blaming everyone and his brother, except management.
But wonderful to see tape painting exercises -- hopefully providing long suffering stuckholders with exit.
It's all a charade by penny stock grifters.
You are quite wrong. SEC whistle blower site is for confidential tips. People who file tips don't testify in court -- their identity is secret. SEC Enforcement Office builds its own case, which is quite easy for BGMO to show history of wildly false and misleading PRs, lack of shareholder meeting, incomplete information provided to OTC Markets, false financial reports and other evidence of corporate mismanagement and malfeasance.
If enough complaints are filed (5-10 I am guessing), the SEC will eventually do its job and remove Hillard Herzog and Sohail from officer/director position in BGMO and any BB company. Company will still exist, but have to recruit someone else to collect mail from UPS box and issue PRs about concocted investments/fundings. Maybe Gary Purdon will step in -- unless he gets nailed by SEC too. I am sure members of Vancouver gang are on watch list. Who then? Perhaps that "public" broker/dealer which BGMO announced it owned 2 mm shares, but never provided any additional info.
Confidential website to file whistle blower tips with SEC -- https://denebleo.sec.gov/TCRExternal/index.xhtml
Confidential website to file whistle blower tips with SEC -- https://denebleo.sec.gov/TCRExternal/index.xhtml
Frauds like BGMO are allowed to exist because most people do not complain to authorities.
Claims can cite BGMO for:
-No Shareholder Meeting
-Repeated issuance of false and misleading financial statements claiming huge investment/funding when none ever has happened.
-Failure to disclose information on massive issuance of shares (33% of then outstanding) at fraction of market price.
-Coordinated campaign to repeat false and misleading statements in social media
Why would the parties agree to this? What business purpose does it serve? What happened to the rest of the cash - $179.5 mm minus $88 million leaves $91.5 million free. How's the investing going on that $1.5 billion like Buffett?
It's all part of the GRIFT.
BGMO defaulted on binding Share Purchase Agreement, the story is flailing.
VSTA - report Herzog to FBI for commercial business fraud.
The BGMO scam is working just fine for Hillard, Sohail and the Vancouver gang. Like other pumped penny stocks, the insiders have access to unlimited cheap shares. They just have to get others to pay real cash for worthless paper.
No default, failure to perform, share increase, lack of producing promised investment/fundings, lack of revenue, lack of assets, lack of disclosure, etc. phases them -- because they are running a grift. They picked their story, and stick to it. It is working fine.
Normal shareholders would demand the company be accountable for its actions and PRs, hold shareholder meetings, disclose who got 62 mm shares for $0.001 per share, have independent board member.
I find this entertaining.
Here is the website to confidentially file whistle blower tips -- https://denebleo.sec.gov/TCRExternal/index.xhtml
The shameful and inaccurate claim that BGMO has not been investigated can be silenced if enough aggregated shareholders and business partners file complaints with the SEC. Here is the website to confidentially file whistle blower tip -- https://denebleo.sec.gov/TCRExternal/index.xhtml
It's annoying enough that frauds like BGMO are allowed to exist in the capital markets, harming individuals. The grifters rely on the fact that most people take their losses and do not complain because their loses are not large.
The court of public opinion has ruled -- that is why shares are available for a penny. Presumption of innocence is awful argument on why to buy a stock.
The company has made fantastical pronouncements of money that defy all concept of management. If the company had any money or if its partner (in crime) National Wealth had any money, they would quickly take BGMO private. Their lack of action on a logical and legal way to profit speaks loudly against their farcical claim. They merely want others to bite on the bait.
Please explain how sophisticated investors who claim access to billions, fail to buy out penny stock for under $2 mm that purportedly has 80x this in cash. Ughhh. Duhhh. Yeah that says it all.
Company's argument is "we haven't been caught!"
All this proves is not enough people have filed complaints.
Company still is empty shell with no money run by delusional CEO. Company has whiffed on every business initiative it tried the last five years. Company in glaring default of SPA. Company hasn't held legally required shareholder meeting in memory. Company is dark, non-filer almost lowest tier of OTC Markets from skull & crossbones.
Yet many don't care about this. Go figure.
BGMO is a securities scam tirelessly promoted with false and misleading information. We see that daily. No amount of questioning, logic, reasoning, pointing out gaping flaws in the story, pointing out unbroken history of failure, pointing out implausibility of claims, etc. will persuade the grifters to stop their profitable charade. They've picked their story and are sticking to it.
The frauds to date were purposely kept under the radar so company could slither about collecting small cash while avoiding the level of investigation that would put it out of business. I understand company has been investigated previously, but authorities did not pursue them further after Herzog provided copies of "signed documents".
In the last year the company took the fraud to higher level, exposing itself to a knock out punch. First, it filed glaringly false and misleading financial reports with OTC Markets and then actively misrepresented the involvement of LL Bradford and Seeberger to claim their work somehow validated the false filings. Secondly, it knowingly commercial fraud by entering into SPA with VSTA that it could not possibly complete.
The current claim that there aren't fraud investigations can be cured if more damaged shareholders and business partners file complaints with the SEC. Here is the website https://denebleo.sec.gov/TCRExternal/index.xhtml
It's annoying enough that frauds like BGMO are allowed to exist in capital markets harming individuals. The grifters rely on the fact that most people take their losses and don't complain because the loses are not large. VSTA has been made to look like a fool by Hillard Herzog and his unending lies. Is Singh or Platinum man enough to put an end to the farce called BGMO?
BGMO is a securities scam tirelessly promoted with false and misleading information. We see that daily. No amount of questioning, logic, reasoning, pointing out gaping flaws in the story, pointing out unbroken history of failure, pointing out implausibility of claims, etc. will persuade the grifters to stop their profitable charade. They've picked their story and are sticking to it.
The frauds to date were purposely kept under the radar so company could slither about collecting small cash while avoiding the level of investigation that would put it out of business. I understand company has been investigated previously, but authorities did not pursue them further after Herzog provided copies of "signed documents".
In the last year the company took the fraud to higher level, exposing itself to a knock out punch. First, it filed glaringly false and misleading financial reports with OTC Markets and then actively misrepresented the involvement of LL Bradford and Seeberger to claim their work somehow validated the false filings. Secondly, it knowingly commercial fraud by entering into SPA with VSTA that it could not possibly complete.
The current claim that there aren't fraud investigations can be cured if more damaged shareholders and business partners file complaints with the SEC. Here is the website https://denebleo.sec.gov/TCRExternal/index.xhtml
It's annoying enough that frauds like BGMO are allowed to exist in capital markets, harming individuals. The grifters rely on the fact that most people take their losses and not complain because the loses are not large.
There was a time it actually did operate a garment importing business from Pakistan. It was registered with SEC until about 10 years ago, and reported quarterly/annual results. The business was never successful, but Herzog's method of business --( promise the customer what they want, then try to figure out how to deliver) -- had some merit in schmatta biz. HH made some acquisitions and got loans from A/R factors (the original Platinum Funding Eyal Levy). Despite not making success, the company muddled forward until 2007, when the wheels feel off the cart.
BGMO closed the garment activities.
Platinum Funding itself failed.
HH reinvented the company as power plant developer and began PR campaigns. There was that brief rally in 2009 because of concerted pump by StockGuru and 544 MW Pakistani coal plant. HH and SP sold most of their stock in 2009/2010 through ICG. He learned he could lie with impunity and make money. All the efforts since then have been to concoct new fake deals and make PRs.