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Friday, January 21, 2011 9:35:46 PM
Yes Castle Creek Silver was a potential solid deal it seems that company backed out months ago. Note all of a sudden no mention of the company months ago. Not hard to see why - look at the original deal and then compare to BTDG press releases and pink sheet filings. BTDG must have had no intention to meet the terms since they blatantly ignored them. For example deal said BTDG not to incur debt- then it signs $2 million in debt arrangments. Of course BTDG puts their own rather bizarre spin on things.
Past is the past but seems CEO headed down same path with his deal with HIP HOP company. If you look at the deal boiler plate there are all sorts of representations and warranties. Bet all of Wilma St Louis financial assets that BTDG won't meet their own representations and warranties and HIP HOP deal in 90 days will fall through as well. But then BTDG will wait months before disclosing. Probably will blame HIP HOP leader as a closet country music star that BTDG's superb due diligence team finally uncovered !
Maybe you are right on his court case, I admit I didn't read the details.
Anyway seems CEO in over his head. He should step down for the sake of the stockholders and common decency. Or show how he will turn around the situation with no money, nor cash flow, nor even it seems an office pretty soon.
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