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Re: None

Thursday, 08/29/2013 4:50:02 PM

Thursday, August 29, 2013 4:50:02 PM

Post# of 41931
We could debate the merits of...

- the pros and cons of the BGMO investment in Suntrough
- the pros and cons of the BGMO investment in GreenSafe
- the pros and cons of the BGMO investment in BB Solar
- the pros and cons of the BGMO investment in the clean coal plant
- the pros and cons of the BGMO investment in an application developer
- the pros and cons of the BGMO investment in Vistagen.

Each one at the time of the announcement of the investment, BGMO trumpeted before the shareholders the merits of each holding. They were clean and green. They would make oodles of money for BGMO. Each company had stellar management. In nearly every case, BGMO would own 60% leaving 40% as a financial inducement for the founders and managers of the acquired companies.

We were so proud of our newest acquisition, we forgot about the previous ones that never closed. We paraded the newest member of the BGMO family on our website and announced through our IR firms the wisdom of this investment.

The unfortunate reality is that these "announced" investments never closed. As no time did BGMO say why they did not close. Perhaps, it was from the failure of any funding deal ever closing? Again, at no time did BGMO say why they did not close.

Trying to place the blame on the failure of BGMO is subject to non-productive speculation. Was it from the inside? Was it from the outside as some believe? We will not know until the SEC completes whatever level of forensic investigation they will do, the role of the massive share dilution, the rigorous promotion of the investment de jure and the links to various parties as a conduit to sell the shares awarded.

If BGMO can prove that the collateral from HSBC is real and the high yield profits are real, there is still an issue of the fitness and transparency of our management to the investing public.

There is still the serious potential of a major tax liability to BGMO, HH, SP and the various insiders who received BGMO stock at a discount. Is the IRS aware of this? I don't know.

It is more likely, based on the series of press releases and filings with OTC markets, that the SEC will say that "we as the market regulators will protect the public by not allowing the company to trade on a recognized market".

Too bad for me - a $ 9,000 lesson.