InvestorsHub Logo
Followers 5
Posts 826
Boards Moderated 0
Alias Born 12/10/2009

Re: viking69 post# 8996

Sunday, 08/15/2010 4:07:51 PM

Sunday, August 15, 2010 4:07:51 PM

Post# of 41931
We do know the amount of issued shares has gone up recently but not enough to account for a $ 100 million gross as that would exceed the amount of the authorized capital.

Yes, BGMO has stated that the arrangements have been concluded. That does not imply that the cash is in the bank.

Take an anology of selling your house.

You list it and eventually some one makes an offer. The sign back of the offer is the deal. It is not "closed" from a legal sense nor is there cash in the bank. Barring any hiccups with inspections, financing and zoning, the deal does eventually close. This can be a few months for most homeowners.

When BGMO has stated the arrangements have been completed, I take this to mean the same thing as the acceptance of the offer to sell my house. Not closed nor money in the bank.

Has BGMO actually stated it has all of the cash sitting in an account? If so, please quote it.

Has anyone contacted the target companies to see if they have any deposits from BGMO?