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Thursday, December 12, 2013 7:46:44 AM
Why do I think so...
1. The last set of accountant prepared compilation statements were for a part year and even they are well over a year old.
2. No year end 2012 statements have been issued or even interim 2013 statements by either the Company or its accountant.
3. The CPA reported that none of the prior BGMO announcements of funding and investment through offshore conduits could be proven.
4. The CEO of BGMO attested that everything that the CPA said regarding the absence of proof regarding BGMO's previous announcements of funding and investment was ever true.
5. BGMO has stated that they are updating their financials and after many, many months, nothing has materialized.
6. There is a suggestion reported elsewhere that the accountant of record could be under AICPA review.
7. The SEC has issued a cease trading order on BGMO stock thus making it difficult to flog newly minted shares to new suckers.
8. There is evidence to suggest that the massive dilution of BGMO was through warrant issues to BGMO principals or parties related to them.
9. Despite extensions, BGMO failed to deliver the funds to VSTA as contractually obligated.
10. BGMO has a long standing history of making grand funding announcements followed by investments in clean power, technology and other enticing areas none of which can be proven to have closed.
The classic line "show me the money" rings true.
If the money is real then why haven't updated and audited financial been issued?
If the money is real then why haven't we sent the money over to VSTA and seen activity in VSTA stock and new news items from that entity?
The only sensible conclusion is that there is no money - not in the past - not in the present - not in the future. Sad but true.
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