Morning, Vape - It's been a long time coming, but
Post# of 5949
Posted On: 04/28/2014 9:24:45 AM
Morning, Vape - It's been a long time coming, but from what I saw...
Angel is getting his ducks in a row. The new HQ that he "pressed" about in 2012 got put on ice then. We know why (share structure, debt -- old entity, was a mess!). It took him 1+ year to clean it up.
We are at the final clean up stage...
Angel submitted the first official PR (in over 18 months) on March 28th @ OCT Markets. Then, submitted two partial (annual) FINS on the same date. He PR'd BGMT had hired Securities Compliance Group to help finalize "the clean-up" and get RIGH current...
Angel flashed the cover letter from Securities Compliance Group and told me, "FINS are done!" I didn't review the letter or the FINS, but saw the nice beautiful blue banner (at the top of page) of SCGp. We know this is coming, because it was all in the Mar 28, 2014 PR.
Securities Compliance Group is "a first class" organization. I conducted comprehensive research on their ability to "clean up" companies that have stop-signed and "gone dark." Currently, they have two other clients that were in need of "clean up" efforts, both were red and dark, but are both "current" now (shows the credibility of this firm!).
We are just awaiting coordination between BCAP (debt holder) and RIGH entity to resolve the 800,000 preferred. BCAP blogged about it on their website, "seeking the return of those shares." Those shares were exchanged for $200,000 debt, which remains outstanding as of the BCAP filing and blog. This is what we await, IMO. Clock is ticking...
Happy hunting,
BN
Angel is getting his ducks in a row. The new HQ that he "pressed" about in 2012 got put on ice then. We know why (share structure, debt -- old entity, was a mess!). It took him 1+ year to clean it up.
We are at the final clean up stage...
Angel submitted the first official PR (in over 18 months) on March 28th @ OCT Markets. Then, submitted two partial (annual) FINS on the same date. He PR'd BGMT had hired Securities Compliance Group to help finalize "the clean-up" and get RIGH current...
Angel flashed the cover letter from Securities Compliance Group and told me, "FINS are done!" I didn't review the letter or the FINS, but saw the nice beautiful blue banner (at the top of page) of SCGp. We know this is coming, because it was all in the Mar 28, 2014 PR.
Securities Compliance Group is "a first class" organization. I conducted comprehensive research on their ability to "clean up" companies that have stop-signed and "gone dark." Currently, they have two other clients that were in need of "clean up" efforts, both were red and dark, but are both "current" now (shows the credibility of this firm!).
We are just awaiting coordination between BCAP (debt holder) and RIGH entity to resolve the 800,000 preferred. BCAP blogged about it on their website, "seeking the return of those shares." Those shares were exchanged for $200,000 debt, which remains outstanding as of the BCAP filing and blog. This is what we await, IMO. Clock is ticking...
Happy hunting,
BN
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