Members,
Unfortunately it was quite a painful day for everyone. When it comes to BGOI there was no way of knowing or predicting ahead of time the company would raise their outstanding shares from 120 million to 177 million the day after we featured them & then turn around and have whoever they issued this stock to sell all or most of those 57 million shares within that same week. This was an example of pure greed and a complete unethical way of doing business.
All companies go public to sell shares as that is mainly what the stock market was created for. The stock market offers an easy way for people to invest in companies they otherwise wouldn't be able to invest in. A majority of companies who dilute do so in an ethical manner, but what we saw here was absolute greed with no regard to shareholders. How a company believes they will retain long term investors by erasing 50% of their investment within a week is a good question share holders should email the CEO and demand an answer to. This stock had all the momentum behind it to easily carry the price over 0.10 and if the company needed to raise whatever it was they could have easily accomplished this by selling a lot less stock at higher prices over the course of a few weeks while keeping investor confidence intact. Instead they chose to take the cowardly route of destroying every shareholder's confidence and creating massive losses for everyone involved. We doubt they will be a very successful company over the long run as this was clearly not a very good business decision for their companies future.
After all this is the stock market & playing with penny stocks is like gambling at a casino. You never know what you'll run into and you hope that at least the company you're investing in be it for the short or long term handles themselves in an ethical manner to maintain good business practices & maintains share holder confidence. Unfortunately this clearly wasn't the case for BGOI and it turned out to be one of the bad apples in the end. No matter how much you try to avoid things like this from happening, the fact is they do happen. These are hard economic times after all and many people and companies will do whatever necessary without worrying about others or if their brash decisions being made are ethical and what the reaction of others to them will be.
As hard as it is to forget a loser like this we're moving on & won't let this deter us from continuing to bring you big winners like we did before. One or two losers out of 10 will never stop a great news letter service like ours from continuing to provide our members with profitable opportunities ahead. Lets take a look at a couple stocks we are all very familiar with and hope they continue to perform and offer members profits.
My 2 yr old daughter, Penelope, whom I love so much!
