While we have probably very similar views about the quality of management at BTDG,
In regards to these repeated allegations of fraud that appear on this board simply I have indicated that there may be two alternate explanations , i,e, incompetence and/or mental instability on the part of the CEO and CFO of btdg.
Since you are quite definitive in claiming "total nonsense" you must be fairly sure of what a legal definition of fraud is, and that there is evidence that fraud occurred.So what is that evidence? I quite agree as you point out if BTDG believed that $2 million in financing was available to BTDG, that would provide some incentive for the actions being discussed. So I would be curious, and admit I could be wrong, what the legal definition is, and whether BTDG meets all the necessary legal requirements are to be considered a fraud. My limited understanding is that there had to be intent to defraud, and knowledge the actions undertaken were fraudulent.Looking at the filings BTDG has made, what evidence is there that BTDG management had such an intent , and knew what they filed in disclosures was incorrect ? Since there is a pattern of inane,incorrect disclosures, is it not possible that incompetence and/or mental instability the cause ?
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