Monday, July 19, 2010 10:30:50 AM
If you assume the total asset values are real, then, you need to back out all of the liabilities. That would bring the total down to about 1.10.
So where did the big increase in the paid in capital come in without issuing shares?
Or, did BGMO issue a few million shares at $ 20 each?
Clearly, the alleged statements are posted without the knowledge or permission of BGMO or they are intentionally or criminally misleading if approved by BGMO. Mr. Herzog should pull the statements.
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