COYOTESAZ is too conservative in his analysis of BGOI. I have analyzed all the dilutive items in the most recent annual report. There is about 135,000,000 shares yet to be disposed of by Truimph. In addition, there are 58,600,000 dilutive shares caused by the conversion of various loans, accounts payable, and the granting of executive compensation which was converted into common shares. Then there is the matter of a balance of $425,000 on a 2008 loan which may be converted into common stock. This is what the management of BGOI is hoping to do with the creditor. This may increase the dilution by an additional 170,000,000 shares. The net effect is raising the total float to about 1 billion shares. Could BGOI eventually drop below .001?
