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Lol. Absolutely NOT!! It is very clear that that claim was never true. I think the email exchange completely contradicts everything BGMO ever said about Suntrough. The level of the relationship between the two companies is nothing like what BGMO described. No one should be shocked by that, unless of course they believe the other prs like the billion dollars from London Wall or the 100 million from esoft or the 75 million in dubai, etc. It's a sad and pitiful story.
You must be mistaking me for someone else, I am not in denial, I haven't been a fan for the longest time. Way too many prs that never came true and probably never will come true. At the same time I think you're twisting Ansari's words. The email doesn't contain a blanket recommendation to sell, I think he said if you're even or up then sell, but that advice was not limited to BGMO, and if you're down then hang in. I do believe that he tried to put some distance between Suntrough and BGMO. I don't know why people continue to believe, but they do. To each his own
I wouldn't say that the emails show that Suntrough wants NOTHING to do with Bergamo, looks more like they prove that there is no formal relationship and there may never be one. Emails do prove that Suntrough has no need for BGMO, but the opposite is not true, BGMO has nothing without Suntrough. All those references to Suntrough being a subsidiary of BGMO are false. But why waste time on this, why not focus on what happened to the money from the Investment Programs? The money from the sale of the SBLC? Where is it? Where in the world is HH? London? India? Singapore? Lebanon? New York? Anyone know?
I have no idea what the chances of success are, but what I take away from your emails with Mr. Ansari is that the relationship with Suntrough is not what people were led to believe. Based on past descriptions it sounded as if Suntrough depended on BGMO for something Ansari has said that they have been to metings together and will go to some ore meetings together but that Suntrough does not need BGMO for anything. Suntrough has its own projects that have nothing to do with BGMO and has its own financing having nothing to do with BGMO. Can BGMO say the same thing? Does the company have its own solar technology with which it can work projects on its own? I won't even bother to address the issue of financing since BGMO has yet to prove that it can raise money.
What? Another mised deadline and no money?? How unusual!! Don't worry, I'm sure its only TWO WEEKS AWAY!! lol.
Between this and all of the other emails posted by Pak, it's pretty clear in Ansari's own words that there is no real relationship between BGMO and Suntough. Certainly Suntrough is not a subsidiary of BGMO and as Ansari's words BGMO doesn't add any value to their business and Suntrough doesn't need BGMO. This is all the opposite of what some here have been saying for the longest time.
You crack me up. First its
LAW SUIT
HH’s Astrology Chart say’s all stars are in HH favor Law Suits will be dismissed or settled @ 0.001 Cents to a Dollar or may be quashed within next 45 days.
HH is very worried about this law suit has decided to stay out of country for 4 weeks
With the CEO of Suntrough. Worried CEO too bad.
ASTROLGY CHART SAY’s COUNTER LAW SUIT COMING SOON FROM BGMO
I don't think what you describe is feasible. Companies can't just halt trading in their stock. I think the only way to get the shares off the market is to buy them back.
Not disagreeing with you, just trying to figure out what Silver was saying. The idea that BGMO is worth $3 a share is imho laughable. There is nothing out there to back up that kind of a price. If it truly was worth that much then Silver is right, even if BGMO buys up the float at .10 a share it would be a bargain and I'm sure alot of people would be willing to sell at that price. Since BGMO no has 21 million on hand (if thats true, lol) no reason for them not to take the company private, clean it up and come back out again. I'm sure all of this makes way too much sense for the folks at BGMO.
I'm no expert in this stuff, but it sounds to me like Silver is suggesting that HH take BGMO private. Which I guess would mean he would have to buy up the shares that are out there now. If the float is 45 million and is all in the hands of strangers at the current price of the stock that would only be about 2.5 million bucks. After becoming a private company and assuming all of the company's problem are fixed it could go public again. All of this assumes that there is any truth to the prs issued by the company. I won't make that assumption. I used to be a believer but lost the faith a long time ago. I don't think this will work out well but would be happy to admit that I was wrong just as soon as I see real proof (not just pr fluff from BGMO) that they have deals in place and money in the bank.
Any idea how much USCap was paid in fees for the SBLC? BGMO has a track record of paying for things without getting anything in return. Just take a look at the 1.1 million in swift fees with no funds ever being received.
No idea how any of that stuff works. BGMO isn't a party to the lawsuit so I don't know if they can get to shares of the company. Just another brick in the wall of misinformation though. They said this settled back in September, now there is a judgement. Very sad.
Lol. Isn't everything always two weeks away?
Isn't this the one settled back in September? I guess not!
UNITED STATES DISTRICT COURT FOR THE Northern District of Illinois - Eastern Division
International Capital Group, LLC v. Hillard Herzog, et al.
Plaintiff,
Defendant.
Case No.: 1:10-cv-05370 Honorable Ronald A. Guzman
NOTIFICATION OF DOCKET ENTRY
This docket entry was made by the Clerk on Wednesday, April 13, 2011:
MINUTE entry before Honorable Ronald A. Guzman: Plaintiff International Capital Group, LLC's motion for default judgment is granted and judgment is entered against Defendants Hillard Herzog and Sher Banno. Any pending motions or schedules are stricken as moot. Civil case terminated. Mailed notice (cjg, )
ATTENTION: This notice is being sent pursuant to Rule 77(d) of the Federal Rules of Civil Procedure or Rule 49(c) of the Federal Rules of Criminal Procedure. It was generated by CM/ECF, the automated docketing system used to maintain the civil and criminal dockets of this District. If a minute order or other document is enclosed, please refer to it for additional information.
For scheduled events, motion practices, recent opinions and other information, visit our web site at www.ilnd.uscourts.gov.
I can't seem to find the audited financials anywhere. Does anyone know where they are? I guess they're probably two weeks away, along with another BIG pr probably.
Old news, there hasn't been any update who knows what's really going on. How about audited financials? Status of converting the SBLC into cash? Any word on those?
Unless BGMO can turn the SBLC into cash, the whole debate about whether USCF is or is not rated by S&P is irrelevant. Up to now it doesn't look like there is any cash. If there was, I'm sure we would have seen a PR or two.
Audited financial? Where's the REALLY BIG news?
Doesn't answer the question though which remains why believe someone who has put out information in prs that haven't come true?
Take a look at the last pr
The Safe Keeping Receipt disclosed previously to provide additional liquidity to the company will be completed and announced with the specifics within the next 10 business days. The initial funding will be confirmed with a bank statement, bank name and dollar amount, Account number, and the contact information of the bank. The first deposit will be in amount of $ 20 million US Dollars and 2nd deposit of which will not be less than $ 15 million US Dollars will follow within 30 working days. This is associated with the previously announced investment program.
Confirmed? HH saying something doesn't make it true. Isn't HH the one who said that the Company was getting 1 billion dollars last fall? Isn't he the same guy who said there would be over 100 million generated by investment programs? Didn't HH present Greensafe with a 50 million dollar check? Did any of those things prove to be true?
The story of this company is so sinilar to a soap opera on TV. You can go weeks without watching but never miss anything because nothing ever happens, Same thing here.
Hats off to you, very, very funny.
Excellent question. SEC website on "quiet period"
Quiet Period
The federal securities laws do not define the term "quiet period," which is also referred to as the "waiting period." However, historically, a quiet period extended from the time a company files a registration statement with the SEC until SEC staff declared the registration statement "effective." During that period, the federal securities laws limited what information a company and related parties can release to the public.
Ditto! What's the deal here?
Audited Financials? It's March 31. Where are the audited financials?
Please explain. I have no idea what your talking about.
Lol - too funny.
Check out the latest on the other board. It's a Newby/ESoft special.
You're new here. You will learn that intelligent questions will get you nowhere, either you believe or you don't believe. The only other member of management that anyone is ware of is Sohail Parekh, but nobody ever hears from him and I doubt he is in a position to do anything. It's HH's show and I believe the curtain is going down on the last act.
IT WAS A JOKE!!! People here are so starved for real news that they think Investman's joke is for real. Everyone knows that Friday is April 1. In the USA April 1 is April Fools day, everyone p[lays jokes on their friends. I'm pretty sure that Investman was saying financials would come out on Friday because its APRIL FOOLS DAY.
LOL. I'm sure that nothing has changed. Investman has a strong sense of sarcasm. Just to make sure I inquired as to whether or not he was making an April Fool's joke. Friday is April 1.
I guess that's an April Fool's reference. Very fitting.
This is a PUBLIC board.
I don't think naked shorting is the problem with the price of this stock. Maybe there is a simpler answer, the complete and total failure on the part of the company and its management to achieve any of the goals that they have announced, even the ones that they said were already completed. But your probably right, the lack of revenue or honest news probably has nothing to do with the pps, it's probably the naked shorting. lol
OMG!! they can't even keep the "Under Construction" page up and running. What a joke, except it's not very funny.
Hey! Where are those audited financials?
Third, I have stated before that it appears that HH is lining up the best pr's to come out at the same time the audited finacial report should be ready for release (IMO mid March or so). I'm not trying to come up with excuses for HH's missed deadlines, but rather this has been my gut feeling all along. Will it happen? Heck, I don't know, but I'm willing to take that gamble.
Can you explain why this stock trades 12k shares one day and 700k the next? I can't.
Can you explain why this stock trades 12k shares one day and 700k the next? I can't.
No one can explain the huge swings in volume.