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Tuesday, March 24, 2009 2:38:05 PM
47.5 Million I assume Herzog will prepare a reverse split to increase. Those OS are not too high, but if Herzog goes Amex (which he always intented to do) BGMO has to present a shareprice of minimum of $1.
However, Herzog will have to manipulate this numbers as I do not believe that BGMO will be in the focus of anybody for the coming years. But maybe Herzog only uses the listing of BGMO for personal salaries of the CEO of a solar stock. If BGMO ever makes revenues with this soalr story this does not mean at all that managers of BGMO will not empty the treasure of BGMO and fill their own pockets. Herzog did not prove to be trustworthy until today....especially not as the CEO of Bergamo. It is very hard to believe Herzog will work for shareholder of BGMO !!!!
Those tomns of documents does not prove his credibility....those documents only proves that Herzog has good contacts to Pakistan ......nothing else ! Herzog already started to construct subsidaries and it is not a big problem to construct a subsidaries which is not listed but will be purchases by Herzog.
Taking into account my past terrible experiences with this CEO I do not trust this guy at all !
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