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old man river

03/31/11 10:24 PM

#15111 RE: silverlining #15110

In the absence of hard, third party evidence, all you need to do is look at the actions or rather the non-actions that suggest no money came in last summer.

For example, there was a deal with Greensave from 2009 which was extended into early 2010. If the deal was still alive and we had the money, don't you think we would see a Greensave plant being built?

If we had the cash, don't you think we would have already made an big investment in Suntrough as part of our brillant Indian solar plans?

If we had the money, wouldn't you think that we would have not needed the loan against share program? Looking it from a different view, we could have paid off the three creditors before they became lawsuits.

If we had the money last year, don't you think the high yield investment program would have produced results in the fall of 2010? From what I read in an earlier BGMO press release, the program had not yet started.

If the money came in last year, we would not have seen the number of issued shares rise as we would have had all of the cash and credibility to grow?

If we had the money last year, we could have easily retained accountants to produce audit quality preliminary statements rather than the ones issued in late December? At least, all of the prep work would have been done for the January year end well before now.

Unfortunately, we can only rely on the indirect actions as being meaningful as the direct statements can readily be discredited or fall by the wayside through the passage of time. I still believe in the Indian goals as that is where the big payoff will be.
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Investman432

04/01/11 5:08 AM

#15117 RE: silverlining #15110

Wasn't this your same line of reasoning regarding paying the Pakistani guaranty fee in Jan 2010? Herzog never said he didn't pay it, and you speculated the silence implied a likelihood it was paid. Just like then, I'll bet BGMO got nothing but a run-around after paying so-called SWIFT fees. Care to take the bet?