Fox is an American Indian firm. They have 100 billion from Indian gaming profits, much of it in gold. Gold has appreciated considerably and they have profitted from that gain, but are interested in using it as collateral for other investments, hence Mr. Hertzog's involvement.
As far as lawsuits, any firm of any value has multiple lawsuits going on at any time, some frivolous, some having merit. A $200,000 lawsuit is of no consequence to a firm expected to make hundreds of millions.
I'm not underwriting BGMO's method of doing business or communicating. I can't say whether or not they will come through with the handsome gains they predict but nothing here is troubling. Admittedly the price movement is irksome but Mr. Herzog has already set a pattern of reporting good breakthroughs only, and ignoring setbacks. His concept of time is also somewhat skewed, but if that hasn't stopped people before, now should be no different.
His lawyers have made positive recent statements as to his progress, and they are a reputable firm. Unless he has duped them too, which is unlikely, BGMO has a future.
Again, I am not insisting that the stock explodes tomorrow, but I'm still in it.
News 
Market Data 
Discover 
