A Convenient Excuse for HH?
VSTA was supposed to file their 10-K yesterday which they failed to do. This puts them out of compliance with SEC filing requirements. Its too bad as I was looking forward to seeing how they kept the lights on without any cash and what the auditors say about them as a going concern. And, of course, how they discussed subsequent events, namely the BGMO investment.
But alas not a peep on the 10-K or on the second tranche of BGMO's investment.
I suppose BGMO can now say they stopped the investment because VSTA couldn't stay in compliance with their filings, I know don't laugh too hard, but as BGMO hasn't said a single word about this in any form and probably won't as they went dark months ago one suspects they will say nothing now.
But claiming that VSTA not filing is why BGMO did nothing is a convenient way to kick the can down the road. Neither company treats their investors, nee owners, with any respect.
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