There is a consistent track record of BGMO announcing financing deals followed by share issuances then sold into the market as news of the target company gets slowly released.
More of the press releases and the content of the BGMO website is directed to the target company and away from the funding sources.
There is very little traffic about the inability of BGMO to deliver the funds at the times stipulated in the original deal with VSTA. Likewise, the same can be said for the amendment pushing the amounts and timelines out into the future. This was done in the past with other BGMO target companies.
It is a case of selling the sizzle and not the steak (or is it shoe leather).
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