There is no disagreement that BDTG should exert every effort to fairly report news developments in press releases and pink sheet filings of material events, and do its best to ensure such information is accurate, material and timely.
Neither is there a disagreement that reviewing the last 12 months of press releases that there are numerous discrepancies and unexplained issues. Furthermore , the very confusion that investors have trying to understand BTDG is an indication of very poor skills of the CEO and CFO . This compounds the disclosure problems as even if some of the assertions were true, one wonders how such confused and inexperienced management could ever build this company.
So we have a company with apparently no working capital and a CEO/CFO team that shows inability to finance the company.A company that shows an inability to exercise judgement in selecting deals, and thence an inability to close them, or if it does doesnt have the ability to move them forward.A CFO who has rather novel theories of what proper bookeeping let alone GAAP accounting consists of. A CEO who files copies of emails related to past bills with his filings with pinksheets. A management that is asking investors to believe that it seriously believes there is to be a "definitive merger" at $.04 per share. Even basic business law issues such as what constitutes 10% ownership of a corporation the CEO doesn't understand.A management that cancels shares (which maybe were not really outstanding in the first place) on December 30 and then reports them as oustanding on Decemebr 31.
In summary every indication is of inexperience, incompetence and confusion in the management of BTDG. One can talk about what they should do,but do you believe CEO and CFO should ever run a business let alone a public one ?
However by your standard any company that is poorly managed is a "scam" or a "fraud". Scam perhaps is a word that can be understood in different ways but implies intention. I am simply saying that the CEO and CFO are so grossly inexperienced and incompetent tht maybe it is very simple this BTDG story, that they actually believe what they put out in press releases. That is at least a possibility. It doesn't mean it is right, but that is a lot different than them deliberately fooling the public. Fraud is a serious charge to throw at them in absence of any definitive proof that all this silliness of BTDG is actually specifically motivated to scam people.In any case I do believe there is a precise legal definiton of fraud and its elements, does BTDG meet those standards to be classified as a fraud ?( I do not know what that definition is- perhaps you can explain) I would probably feel different if the management showed any serious ability.
I also agree that it is frustrating even the supporters of BTDG seem to be able to avoid addressing the key questions, and instead blame everyone else in the world except the CEO and CFO.
This is not a "defense" just portraying the apparent reality of BTDG. However diminished mental capacity is a defense in some cases of law contrary to your asserton that ignorance is always not a defense. You have not proven specific intent to scam people though I admit this has many of the earmarks of a scam.
It may be a scam, and even then considering the sub-penny status of this company, could any investor buying shares of a stock like
this not understand one is gambling on buying any stock at this price ?
The SEC etc has to rank in priority what it goes after, considering they do not have unliited resoruces, and same with FNRA etc. Even Direct TV which has a judgement against BTDG must have limited resources, otherwise all these shares and investments BTDG is building really could be seized by Direct TV at any moment.And putting BTDG out of business hardly would help the shareholders.
You may be right, and you certainly have provided investors with very necessary information through your research.You are correct that there are many indicatons that this could be a scam. After months for waiting for proof of the 1.5 million ounces of gold reserves, and waitng for the definitive merger at $.04, with all due respect to the CEO and CFO as human beings, they may simply not have the ability,experience or intelligence to be officers of a public company.
And by the way suppose CEO stepped down, who would take his place ? For the benefit if shareholders, what do you propose ?
AI
