I have no interest in credibility, not mine. What about George's?...that affects us all. I don't expect to hear from the SEC, I would however like George to hear from them. Here is a little something for you to ponder. A Hedge Fund is a group that does two things simultaneously. First through private placement they receive blocks of shares at a significant discount from the current market which they immediately sell on the open market at a big profit. As they continue this over time they make a lot of money even though the share price is plummeting since they always receive their shares at a much lower price than the current market price. This dilution of course drives the price down which plays directly into the other part of hedging , they take large short positions which , if they ever need to cover, can be covered quickly with their discounted shares. If you care to peruse the BCGU website you will see that they are among other things a Hedge Fund. This arrangement is done by prior agreement between the Hedge Fund Manager and the CEO of the company. So here is another question I suggest you ask George..."Are you selling discounted blocks of shares over time to BCGU principals via Private Placements?"
Ask George that question and then get back to us. When asked on the phone whether this dilution would continue, Honest George said he now has all the funding he needs ( implying there is no justification for further dilution). Yet dilution has continued. Why?
jc