Sunday, August 18, 2013 6:43:14 PM
For BGMO to ever be reinstated to the Pink Sheets by the SEC they need to file audited financial statements. As they have never done this it will take both time and money. Knowing that the SEC has looked into BGMO any CPA firm that takes on such an assignment will be extra careful and take months at best. By then the stock price will be a fraction of where it currently is.
This is not about any previously filed documents.
This is not about filing any documents with OTC, they are not a regulator and are irrelevant.
This is not about showing bank statements or paperwork, other than in the course of performing an audit.
This is not about anything to do with VSTA.
Remember, that when BGMO released their compiled financial statements that admitted openly that everything they had published in the past was a total lie and fabrication. Reconciling this will be a major challenge.
It is highly unlikely that BGMO can satisfy the SEC, it is unlikely they are even trying. More likely if they are even paying attention they are preparing a defense against civil charges.
The fact is that stocks do not come back from the Grey Market and no one should expect BGMO to be the first.
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