Why is this discussion repeating itself over and over ?
Certainly BTDG has released information that is incorrect and miesleading, anyone reading this board including those who are positive will agree. As you well know a company that states their financial statements are in accordance with GAAP when they are not is either misleading on purpose, or is too incompetent to know the difference. Take your pick.
As far as the accusation of fraud is concerned there is a legal definition of fraud and it would appear that there isnt definitive prooof there has been a fraud according to a legal definition. There is evidence of incompetence or perhaps mental instability though. The fact alone that a comany puts out a release indicating in its headline 1.5 million ounces of gold reserves without ever providing support for such a number could be an indicator (and possibly there are many more) of the potential for fraudulent activity, but doesn't prove there was any.On the other hand certainly BTDG is guilty of incompetent management that doesn't understand proper due diligence, material disclosure or corporate business law 101.
Don't get me wrong, any company that announces it has cancelled shares 12/30 then shows them outstanding on 12/31 has a screw loose.
So everyone has had their opinion, can we move on and continue the fascinating look at BTDG, a trailblazer in corporate strategic development ! EarnestDD has done every shareholder a great service by his due diligence and pointing out the absurdities and errors in BTDG disclosures. But this it is, it isnt, it is, it isnt discussion about a legal term which isnt even defined so anyone can understand what it means , isnt productive.
However those stating BTDG hasnt committed fraud should honestly address whether BTDG management shouldnt step down considering their dismal failure the last 12 months.
