Claims might be pershimco's or not, but one has to assume they are in the same area.
This is what is so fascinating about BTDG, is trying to understand what goes on with a company that is on the frontiers of disclosure, i.e.they follow a logic that is quite odd to everyone else.
BTDG apparently told by Firma Gold there are 1.5 million ounces of gold reserves.BTDG asks for a NI43101 report. So Firma (I assume) sends them one. So BTDG which files copies of everything including emails on past due bills, files the report. So I guess from BTDG's position they are transparently disclosing what they have received. Apparently doesn't matetr whether they cover the same claims , or indicate there are no reserves, they file what they receive !
Illogical ? Isnt sinocan the same ? BTDG even files letter/email indicating they can't find sinocan apparently. BUt does file again what they receive.
If some LOI discusses shares to be issued at some point,BTDG records them as issued. However, if shares are cancelled december 30, on december 31 they are still shown outstanding.If board approves shares for salary never recorded, but shares to be issued a month later, why bother recording the transaction until shares issued ?
More? BTDG agrees to issue 10% ownership to HIP HOP people. Every company in America and probably every first year student in business knows that this would mean 10% of shares to be issued and outstanding. Not BTDG - it considers 10% to be ten percent of authorized shares. Imagine how silly this is. Say you 5 million shares oustatnding but 100 million authorized. So you issue 10 million for an acquisition, saying it is 10% ownership. But person then receiving shares will own 2/3 of company after the transaction ! But for BTDG it is logical.
This is why I follow BTDG, it has novel understanding of business,contracts, accounting, share ownership that are truly on the frontiers of disclosure. And maybe CEO just is truly a genius that the rest of us don't realize. Or he is in over his head and doesnt have a clue.
