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Re: Stocker5000 post# 16671

Thursday, 08/19/2010 12:06:01 PM

Thursday, August 19, 2010 12:06:01 PM

Post# of 31822
IMO, since I am not moderator, it is applicable as to long term versus short term. The difference in tax dollars on 1040 form is currently 15%(longer than 1 year) versus 30%(short-less than 1 year). This will change after this year, maybe to 40% for long and 20% for short or higher for both.

The issue here is most of the negative posters here are discussing their past experience with the CEO and carrying that forward to BGNN. That is unfortunate, but it appears to be a fact that will dog BGNN until CEO proves them wrong by continuing to focus on new product and continue revenue growth.

CEO has made several attempts in business ventures. I do not see the negative posters taking the risks this CEO has and finally appears to have a winning combination, but the past is similar to Scrooge. While the past were good ideas, execution time lines were not realistic based upon market conditions of economic downturn.

IMO, I choose to believe that the CEO becomes the new Scrooge, that he has realized past mistakes and is demostrating by reducing the share count. As I stated in previous post, this is warning shot for those who continue to play games with BGNN.

CEO is riding the green wave now and future looks bright and green with profits. Takes time to turn new products into cash cows. But CEO is making strides in right direction.

All of this is of course IMO.

Go BGNN!!!!!!!!!!!!!!!!!!!!


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