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Monday, July 15, 2013 10:49:19 PM
In summary, BGMO goes through the follow cycle:
Step 1 - announce a new funding strategy from only offshore sources
Step 2 - create a buzz on free media to boost the share price
Step 3 - announce the creation of a new offshore subsidiary
Step 4 - use paid parties (IR firms) to tell the new story
Step 5 - issue stock or warrants and sell to self or consenting "joint actors" (I like that term) into a rising market
Step 6 - announce a new target company for the magic 60% BGMO share in a cash starved entity
Step 7 - issue new financial statements and promised of migrating to a senior exchange
Step 8 - the deal does not close as scheduled
Step 9 - BGMO and target company say all is well we will get it done
Step 10 - more shares are sold into the market
Step 11 - BGMO makes no statement as to why the funding never happened
Step 12 - BGMO makes no statement as to why the acquisition never happened
Step 13 - the funder never makes any statement why the deal did not close
Step 14 - the target company never makes any statement why the deal did not close
Step 15 - wait about six months before the next cycle begins
Now, for each step, go through the press releases and OTC filings and place names of the funding sources, where they came from and how much.
Do the same thing again for the announced investments.
Check to see the claims made in the financial statements.
Check the change in the number of issued shares and the related trading.
There is a consistency about the Bergamo history.
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