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bgl - I am very surprised that there is no trading volume today! I thought there would be a lot of shares dumped...I guess nobody reads the financial statements they filed.
Well, on second thought, I really should not be surprised...this thing doesn't trade.
bgl - Per EarnestDD: "BGL fully complies with GAAP as a fully reporting issuer."
GOOD FOR THEM!!! Do you read what they are reporting? If so, are you concerned?
UTRM - There is a twitter post by an investor that they are "making a report" on YouTube at 7:00pm Eastern time
Dollarsflip ?@dollarsflip
@TheWolfOfMainSt I suspect you dont know, this why Im allowing myself to let U know they are making a report on Utube tonight at 7pm ET ...
I don't know whether they are "making a report" for release sometime in the near future...
bgl - U.S. GAAP SFAS No. 141 Accounting for the Impairment or Disposal of Long-Lived Assets has a number of points where assets can be written down. Legal status is just one of the many factors involved.
bgl - grego68, excellent points! If you read the Contingent Liability footnote regarding bgl's legal status for Cinco Minas & Gran Cabrera, the wording has not changed in 5 years.
They obviously don't have any updates.
ducktor, this looks absolutely awesome! How did you find this?!
(I can't believe nobody else has commented on your find).
bgl - Statement of Cash Flows is terrible. Advances from Directors, Increasing Accounts Payable and accrued liabilities, etc. Not good.
bgl - One more problem with this May 31, 2014 Financial Statement. It does not say UNAUDITED on the Balance Sheet and Statement of Operations. This is contrary to accepted practice.
bgl - Note 1 says it all:
These financial statements have been prepared on the going concern basis, which assumes that the Company will be able to realize its assets and discharge its liabilities in the normal course of business. As at May 31, 2014, the Company has not generated any revenues from operations, has a working capital deficit of $2,503,810, and has an accumulated deficit of $15,431,532.
bgl - UNAUDITED Financial Statements for the Six Months Ended May 31, 2014 issued today:
No updated information on legal status of Cinco Minas & Gran Cabrera. Stupidest thing I have ever seen....they have over $10 Million on the books for Cinco Minas & Gran Cabrera, yet they just cut and pasted the same explanation of the legal status they have been reporting for the last 5 years. C'mon Guys, give us and update!!! lol
bgl - UNAUDITED Financial Statements for the Six Months Ended May 31, 2014 issued today:
--Still NOOOOOO REVENUES !!!!!!!!!!
--Still SPENDING MONEY ON ATTORNEYS and Capitalizing them as an "Exploration Cost" !!! Ooookayyy....lmao
--Still SHOWING $10,403,302 AS AN ASSET FOR CINCO MINAS & GRAN CABRERA !!!!!!!!!! Then they try to bury the note in the back (Note 9 Contingent Liabilities) stating that the Company may be required to recognize an Impairment Charge of $10,403,302 !!!
This is, without a doubt, the worst looking financial statement I have ever seen. It is tremendously scary.
This is an UNAUDITED FINANCIAL STATEMENT. I believe the Auditors will require the Company to recognize the Impairment Charge for Cinco Minas at year end.
It trades. It can be sold. Very liquid. Investing 100
Actually, you are 100% wrong. SRGE still trades and is very liquid.
bgl - Long-term outlook is dismal. No revenues. Writing off "investments". This is a SELL at this time.
All the above imo.
bgl - Another day, Nooooo trading activity for the JUNIOR miner. However, we could see some dumping after the release of the 1st Quarter Financial Statement imo (they are not "Quarterlies" because there is only one financial statement being issued).
bgl - No volume today. Seems strange to me that there is not more dumping going on since they have not filed their financial statements yet.
bgl - Has not filed their Quarterly Financial statements yet. How long does it take to count NOOOOOOOOOOOOOO REVENUES???
lol...Should be an easy statement to do. Just write-off all the nonsensical "investments" and show NOOOOOOOOOOOOOOO REVENUES.
Simple....imo.
lol, that is my selection too. No, I really do think he's working on something. I just hate the word "soon".
"When"? Here are your options to guess from:
1. Soon
2. August 5th
3. When Hell Freezes over
UTRM - ducktor, It is so obvious that it is laughable.
Have you heard anything about getting news on August 5th? (That's what was posted on Twitter by an investor yesterday per a phone call this person stated they had with Jodi)
EarnestDD: "liquifying divvy"
What is a "liquifying divvy"? Do you mean a Liquidating Dividend?
bgl did technically "trade" today. A whopping 10,000 shares!!!!
I repeat: BGL TRADED TODAY!!!!!!!!!!!!!!
WILL THE SUN COME UP TOMORROW!!!??? lol
bgl started in the early 1990's. How long can you be considered a "Junior Minor"? Doesn't the company have to grow up at some point? lol
Good luck with the Quarterly F/S. I think you will see Cinco Minas written off just like the Colombian property was last Quarter. Good Luck!!
bgl - It's a moot point whether this is restricted or not. bgl simply does not trade.....so in the words of Hillary Clinton: What difference does it make??? lol
bgl - Nervous Time!!! Another Quarterly financial statement due in the next few days. I am not a betting person...but if you forced me to wager, I would bet that bgl will finally come to their senses and write-off their nonsensical "investment" in Cinco Minas.
All of the above imo.
There is one thing I am certain of...the Quarterly Financial statement will show NOOOOOOOOOOOOOOOOO REVENUES!!! lol
MSJ is not a Public Company. Therefore, you have no knowledge of their finances. MSJ purchased the assets of SRGE........waiting for the bgl legal nonsense to stop...and SRGE shareholders will receive a liquidating dividend imo.
It does not matter that SRGE is a Grey Sheet stock.......
SRGE sold their assets to MSJ.
Liquidating Dividend coming to SRGE shareholders imo.
I believe this rises until news hits....After the news is released, it could go either way depending on the substance of the news.
If you'll remember with Chris S.....the pps would go up in anticipation of great news and then drop after the news was released. It seemed uncanny, but in retrospect, it was probably because the news always seemed to not be quite what we were looking for and that led to disappointment.
Has anyone else contacted Jodi to corroborate the Aug. 5th News date that was tweeted this morning by someone who supposedly talked to Jodi???
Don't know her, but she also tweeted that her information came from Jodi the IR person.
SRGE continues to trade nicely. Up 50% today!
When? August 5th perhaps? (One week from today)
muflahi, great find!
From Twitter: Samantha Mohan ?@Mangey83 1h
$UTRM game changer PR coming next Tuesday August 5th!!! Stay tune!!!
https://twitter.com/search?q=utrm&src=typd
It does not make me feel better. But I think I'm correct. Most of us here are logging onto their website 2 or 3 times a day to see if there have been any changes.....there is your "traffic".
I'm happy to see some buys at $.001 this morning.
UTRM - I think the only people logging onto UTRM's website are us...the investors in the company. That's where the "traffic" is coming from imo.
UTRM - Would be great to see a PR sometime this week!! We will see.
ckmac & ducktor, Thank you.
ducktor, can you tell us your source for the items you listed out for UTRM? (or whatever its new name is).
What is FDMF?
Thanks
Let the guy work??? He's constantly responding to E-Mails. If he has time for that...he has time to issue an update.