There was a time it actually did operate a garment importing business from Pakistan. It was registered with SEC until about 10 years ago, and reported quarterly/annual results. The business was never successful, but Herzog's method of business --( promise the customer what they want, then try to figure out how to deliver) -- had some merit in schmatta biz. HH made some acquisitions and got loans from A/R factors (the original Platinum Funding Eyal Levy). Despite not making success, the company muddled forward until 2007, when the wheels feel off the cart.
BGMO closed the garment activities.
Platinum Funding itself failed.
HH reinvented the company as power plant developer and began PR campaigns. There was that brief rally in 2009 because of concerted pump by StockGuru and 544 MW Pakistani coal plant. HH and SP sold most of their stock in 2009/2010 through ICG. He learned he could lie with impunity and make money. All the efforts since then have been to concoct new fake deals and make PRs.
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