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Re: Bull Snake post# 38338

Wednesday, 07/31/2013 6:38:19 PM

Wednesday, July 31, 2013 6:38:19 PM

Post# of 41931
ABSOLUTELY WRONG -- the accountant did not verify or authenticate BGMO's cash. They explicitly disclaimed this in their cover letter to the compiled statements.

"The object of a compilation is to assist management in presentating financial information in the form of financial statements without undertaking to obtain or provide any assurance there are no material modifications that should be made to the financial information."



Don't take my word for it -- just acknowledge that none of that supposed $179.5 million has seen the light of day.

BGMO -- defaulting again of VSTA purchase -- no body is the slightest bit surprised.


BGMO - no money

Everything I post is my personal opinion.