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sanbrunobaby

05/31/13 7:23 AM

#9879 RE: overachiever #9878

One has to admit this has an amusing aspect . Reading the recently filed documents I can just imagine the peple who prepared all sitting around a table feeling important talking about they have a $500 million L/C. Then they prepare documents which look good except they dont understand the basic terms in the first place. I doubt they truly understand difference between "standby L/C" and "irrevocable" L/C.They have non-sensical terms in the agreement that normally never appear in a business contract.

Just imagine the bank asking to see BTDG financials to judge their ability to perform and they see $25 in revenue and negative assets.

Anyway seems no more investors being harmed any more,and they are having fun pretending to do deals.Then to top it off, supporters on this site who absolutely refuse to give 1 single example of something that works at this company the last 3 years, but claim company is going some place and has good CEO.

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sanbrunobaby

05/31/13 9:10 AM

#9882 RE: overachiever #9878

Got to admit scam is a word many throw out there, but apparently people understand in different ways. From what I can see CEO is so far out in left field he actually believes he is "in" business, and believes any wacky person or deal that comes across his desk.The strange supporters on this board who seem determined to avoid any objective evaluation of CEO or this company.

I mean really, they show in recent financial statements $25 in revenue. And yet claim to be putting together a $500 million deal.