Hi,
It is certainly appreciated the CEO willing on the weekend to answer questions.
1. Experience - while perhaps a matter of opinion, CEO writes he has experience , though the results the last year do not show much success. Stock is at .0003 after all.
-Did Paul address why CFO doesn't show all expenses and liabilities on financial statements ?
2. Vision for future : Certainly he gave his thoughts.
3. HIP HOP venture : Still did not address how ownership of how a minority interest in a private compamny will benefit BTDG. That is a simple question. If no cash flow is forecast to come to BTDG why do the deal ? Is it a state secret how many shares were issued for acquiring this interest ? Does CEO need to research how many shares were issued ?
4. Reserves - CEO completely avoided answering question which is very very simple. He put in a press release there were 1.5 million ounces of reserves. What was the basis for that ? This can't be something " still in the works." He put out the press release. Why can he not answer a simple question ? If backup not in press release but in disclosures , where in the disclosures does it provide backup to the 1.5 million ounces ? Since he wrote disclosures he would know.
- This is key question. many might buy a lot of stock if it can be shown there are reserves. He already put out news that stated there were reserves. I am perfectly ready to buy 100 or 200 million shares and more provided credible back up on the reserves.I don't know what is a credible back up but I suppose there must be some criteria what are reserves.
- If BTDG cannot secure funding ( which is not magic and is job of CEO and CFO )then why is he acquiring assets which BTDG doesn't have money to hold let alone explore ?
5. Relationship with Tamara - What is there that needs to be studied ? Either she is or isn't a family member? CEO already so concerned about whatever relationship there is, that he had Board Members indemnify him in advance. Frankly I couldn't care less except this is leading to negative comments that hurt the stock.
6. SinoCan - One can understand negotiations ongoing. However looking at press releases about deposits to be paid, and "definitive merger" date of December 20th, is there a reason BTDG can't at least put out press release confirming what is or isn't situation with SinoCan ? Or correcting wrong impressions by prior press releases ?
7. Reliance on Press Releases - Whoa Nellie ! Is CEO saying that press releases may not be relied on , therefore one has to study disclosures ? Since he puts out the press release does he not have a responsibility to make sure they are accurate and not misleading ?
Overall though it is positive he emailed you. From look of email it seems maybe Chairman calling the shots so much that CEO is implying he is not responsible for decisions made. So every deal fault and decision of someone else. Therefore maybe focus should be on Chairman and CFO/Director.
Sorry his response while seems to be that of an honest man, still avoids answering several key questions.
And a question for you since I know you are trying to be objective. Do you believe if BTDG quotes 1.5 million ounces in gold reserves that they should have something providing the basis for that ? Or do you state you have reserves, then spend next months trying to find out if true. They didn't say they estimated reserves, or that there might be reserves, they simply quoted that there was 1.5 million ounces there.
Doe seem CEO has some technical experience in his media field, and it appears he feels he is a qualified CEO of a public company-at a stock price of $.0003 . Perhaps hard for him to answer straight up, but at what point will he admit he is not building sahreholder value and step down ? Or can we honestly expect a SinoCan takeover of BTDg if not at $.15, if not at $.04, even at $.01 at this point ?
Board of Directors appoints Officers to run a Company. Officers therefore responsible for mechanics of making proper,accurate and transparent disclosure. In any case CEO and CFO are majority of Board of Directors. IF CEO has no experience in mining,mortgage lending, lead generation(?) ,successful mergers and acquisitions ,and no money sems like HIP HOP only thing that can save company.
And lack of success in funding is a direct reflection on the CEO and CFO, that is part of the job.
And what staff does BTDG have ?
Hope the HIP HOP venture works and dividends start pouring in to BTDG coffers !
