Friday, November 01, 2013 3:22:10 PM
The reality is that for the SEC to even consider the reinstatement of BGMO as a trading security, the financial statements need to be audited and not compiled as the very dated L L Bradford statements are.
HH/BGMO would find it very difficult to find an audit firm acceptable to the SEC. Given the cease trading, the alleged insider trading or pump and dump activities, and the reported review of the current accounting firm over the OTC reported financials, no major firm would take the file unless a lot of cash was prepaid.
The credibility of the financial statements is in doubt by the regulators.
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