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