There is nothing to suggest that Mr. Herzog is part of scheme with US Capital Funding. This SBLC party is very new to the story.
Based on his record to date, he has been trying every avenue to raise funds to further the Indian solar energy projects. We do need to give him credit where credit is due by persevering through the Patriot Act issues. Many people half his age would have thrown in the towel at that point. On that basis, I would give him some leeway.
As a smaller BGMO shareholder, I can say that patience is running thin. The missed deadlines and changes in tactics without any explanation does frustrate investors. What is needed badly is some bonafide evidence of bankable financing as well as the trappings of being a real business such as an AGM and audited statements.