Wednesday, November 27, 2013 8:26:57 AM
Here's how...
We all know that with BGMO in the grey market you need to actually match to a buyer. A rare event, if ever. Also, the SEC may, or may not, ever move to take further action against them which would result in a clean regulatory approach to booking a capital loss. We also know that BGMO has no money and no hope of filing the financial statements that would be required to satisfy the SEC and move back to the Pink sheets. Keep in mind that if they try there is no way to reconcile the past, fallacious releases and as such would tantamount to admitting they committed securities fraud.
So, find a friend at your broker who will by all your stock for say $1 dollar. Give the friend the $1 as well as the brokers fees. This will then result in a trade for all your shares at fractions of a cent. Book the loss and say good riddance to your BGMO shares.
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