Thursday, August 15, 2013 4:24:25 PM
At no time was Rahi a holder of any BGMO stock.
At no time was Rahi a recipient of any options or warrants on any BGMO securities.
He had nothing to gain or lose if the stock went up or down.
Why, you may ask?
BGMO already represented to Rahi that it had millions upon millions of capital raised without issuing any new shares.
This funding miracle was also paraded before other target companies but I digress.
The content of the BGMO website was 100% controlled by HH so any promotion of BB Solar, a 60% owned BGMO subsidiary, was not Rahi's doing.
In reviewing the terms of the deal, the Bergamo named subsidiary, BB Solar, did not require the permanent investment of equity or debt but merely some short term purchase order financing similar to what BGMO received from Platinum Funding in our garment days.
Sixty percent of the stock for just arranging money - not bad a deal if you can get it.
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