InvestorsHub Logo

Loudmouth

08/09/12 12:07 PM

#11122 RE: UNDAUNTED #11120

This guy been on this board for a while and I don't think he owns a single share in BRGO and definetly does'nt know what he's talking about, if he reads the filings the CEO has waived 75K of his salary two years in a row.

stemcell

08/09/12 12:14 PM

#11125 RE: UNDAUNTED #11120

On the one hand you talk about using the company as his own personal ATM (which if you have proof of, please post)on the other hand you point out he is not using funds for expensive office space or a large staff.


the personal atm thing is easy - just read his 10-Q's.....after operating and selling expenses, he has a third called "general and admin expenses - other" which for example in Q1 2012 was $188,000....that equates to over $2,000/day each and every day of the quarter....as he has no employees to speak of and pays $1,100/month in rent.....add to that all of the convertible financing + the $2.5 million from TCA global......he enjoys very nice revs and has very low expenses....so where is all of that money going?

You seem to be contradicting yourself in your own post.


where's the contradiction? he can't even come close to explaining the vast amounts of cash he burns through, the ridiculous amount of notes he still has out, up until recently he had a stack of credit cards some of which were at 24%, was actually overdrawn on his checking account one quarter recently, and just look at the meteoric rise in shares in just the last 90 days with the toxic notes converting monthly ... O/S almost doubling, and these note conversions extend well into the future.