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Thursday, August 01, 2013 4:01:43 PM
Our Company knowingly entered into a commitment to fund VSTA without the financial resources to close the deal as contracted.
Even after the amendments, we could not even deliver the rescheduled dollar amounts.
The original investment was announced as were the amendments by the Company.
Shareholders are reminded that in 2009, BGMO was also involved with a high yield investment program and on the basis of that contracted to make investments in two other companies.
Even with the amendments, we could not even deliver the rescheduled dollar amounts.
The original investment was announce as was the amendment by the Company.
See the parallel with the source of funds, the need for an amendment and the announcement of the investment. All of these events were made by the Company without the aid of any positive or negative poster on this site.
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