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Monday, August 19, 2013 10:05:29 AM
OTC markets is not a regulator but a standardized platform for reporting trades and posting of company issued documents. Even if BGMO provided the OTC with updated compiled statements, it would still not get around the issue of the CTO.
The SEC has become aware of certain reports and statements regarding the financial reporting, insider trading and corporate governance of BGMO which requires further inquiry. In order to protect the investing public, the stock was halted.
The question is what information does the SEC have?
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