Wednesday, February 23, 2011 9:29:39 AM
- BTDG is in some discussions with a company called Firma Gold and its apparent principal and mining claims in Canada.
- These claims appear to be maybe part of,or near,the mining area described in a 43101 report
- That report does provide some indication of a potential for gold.
Therefore whether the property is moose pasture or not simply we don't know, and for that matter I would doubt CEO or CFO know either.However to be fair, I do not think, based on the limited information available, one could say definitively it is moose pasture in the sense I believe you mean to define what is moose pasture. It is of course extremely difficult to know the situation as BTDG management,which apparently has a manner of doing business not influenced by legal or business experience. So first do we even have enough correct information to know anything. Second, if BTDG is acquiring the properties, is there any indication such an acquisition has been properly filed and recorded in Canada.
As far as the gold reserves , both BTDG and its supporters after months smply avoid the question of what back up supports this claim. Since the claim was made one could take that to mean BTDG understood that such reserves would have a value, and that would strengthen the company. Thus any sort of proof or indication that there were reserves would also further strengthen the company. I assume even that BTDG management would understand that.
In summary BTDG has every incentive to release their backup for the claim of gold reserves. The fact that they have not done so indicates a strong possibility that such backup doesnt exist. Considering the haphazard and contradictory and incomplete disclosures this company makes, this of course is not a new way that BTDG does business.
Taking BTDG disclosures at face value, Firma Gold told them they had reserves and BTDG believes that. BTDG management obviously then does not take care to issue information that may be incorrect with even minimal questions of common sense. This is a pattern that applies to the sincocan and other transactions as well.
Based on the above, it seems that there are no gold reserves present on properties that perhap BTDG controls in some fashion.I would look forward to BTDG providing information , one way or another.
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