While I think from my posts on this board it is evident that I believe BTDG morally and for practcial reasons owes investors an explanaton fo whether there is anything to back up the claim of 1.5 million ounces of gold reserves. If there is not, admitting it would at least clear the air a bit, and considering the quality of its disclosure and busienss management skills, certainly wouldn't surprize anyone they had no reserves. They can't even show clearly they have any claims anyway, whether they do or not.
Just for argument's sake though, considering how inept the CFO appears, how can you be so sure BTDG lied in their press release - i.e. if you are implying that BTDG knew there were no reserves ? How would you know that ? I agree it may be possible, but equally possible is from their inexperience and inept management that doesn't think they should vet any information that is faxed to them, that they believed they should release this information.
From an investor point of view either explanation dictates cuation on buying this stock until it can show it has real value such as teh gold reserves.
I just keep lookingat the filings and shaking my head in disbelief at the crazy way they portray things.
By the way, your due diligence on the claims is petty convincing, it may be BTDG doesn't own any claims, and perhaps even their agreements with Firma Gold based on inaccuracies or conditions that can't be met.
