BG Med Tech - Looking forward, not back… http

BG Med Tech - Looking forward, not back…

http://investorshangout.com/post/view?id=1696290

Angel makes no bones about the revenue being low. It’s all indicated in past financials.

Some may have forgotten BG is a development stage company. This too is indicated in the financials.

7 Employees .
BG has listed for more than 2 years now, 7 employees @ OTC market. For comparative purposes, let’s look at the number of FTE’s for some of Wall Street’s other finest pot stocks, such as HEMP, CBIS and MJNA. These other three companies, (*all trading in the pennies) have a dozen or fewer employees.
http://www.otcmarkets.com/stock/RIGH/profile
http://www.otcmarkets.com/stock/HEMP/profile
http://www.otcmarkets.com/stock/CBIS/profile
http://www.otcmarkets.com/stock/MJNA/profile

Considering you are challenging my integrity on meeting three of the seven employees (four, if Angel is included in the count), and one additional, the Facilities Director, let’s consider a couple of other factors before going off half-cocked:

- Development and maintenance of an extensive DB, such as BudGenius.com (plus all other company responsibilities), could not have come from just one employee
- Bridging and keeping current business relationships with dispensaries (plus completing all the other recent administrative and operational work) could not have come from just one FTE
- Upkeep and all the extensive pot testing on BudGenius.com (plus working with legal, FINRA and getting the company OTC Pink Current) could not come from the work of one person.

Lab funding. Working for free. Operating costs.
As I recall, CBIS physicians worked for more than 1 year with no salary. So this is not-a-typical in this industry. Let’s also not exclude the fact that BG’s facility (rent, electric, water, building insurance, maintenance, cleaning, phones, internet and other communications ) ARE *FREE. *This is also indicated in the financials.

“Item VII: Describe the Issuer's Facilities. The Issuer leases its facilities at no cost pursuant to an unwritten agreement with the primary lessee of the premises.”
http://www.otcmarkets.com/financialReportView...;id=117834

You know it’s hard to provide proof unless a man is holding something tangible in his hands. It’s also equally hard to disprove that a man’s word is true, if lacking evidence to the contrary. So with that in mind, let’s take a look at the Board of Directors and Advisory Staff and the things that I can show in print.

Board of Directors. Advisory Staff.

Board of Directors Announcement:
http://www.businesswire.com/news/home/2014071...85O0rE_tpd

Mr. Tuzzolino Chairman of the Board of Directors
http://investorshangout.com/post/view?id=1659987
https://www.equitynet.com/c/ivan-filmed-entertainment

Angel Stanz - BIO
http://www.prnewswire.com/news-releases/righ-...73738.html

http://investorshangout.com/post/view?id=1449943

BG Medical Technology Adds Advisory Team
http://www.bgmedtech.com/ir.stockpr.com/bgmed...index.html

BG Medical Adds Naturopathic Doctor Thomas S. Lee to Scientific Advisory Board
http://www.reuters.com/article/2012/11/19/idU...RN20121119

BG Medical Adds Vertical Farming Expert Nick Brusatore to Advisory Board
http://www.prnewswire.com/news-releases/bg-me...24265.html

Is testing being farmed out.
No, test sales have been naturally low. Angel explains this in the financials, just as I have pointed out of the California political landscape shifting to pro-right in 2012 (federal raids, dispensary shutdowns and arrests). Angel gets down to brass tax and talks about the causal effects in the financials and why BG stagnated (went black) for 18 months.

“The resultant lack of capital financing as previously planned, coupled with the presence of an unresolved capital financing relationship, created challenges for BG Medical in adhering to stated growth projections that were dependent upon capital support. Furthermore, medical cannabis policy changes in San Diego, CA and Long Beach, CA forced closure of key BudGenius.com clients and
prospective clients. These unexpected closures reduced Company profits due to significant resources that had been invested into expanding client relationships within these regions.”

http://www.otcmarkets.com/financialReportView...;id=120871

And then there’s the little issue about the lab. And wanting to keep it secret. Not having an address. Let’s recall how little money we made in 2012 and 2013? Let’s also recall, until Q4/2013, Angel was hard up for financing. He publicly states this in the recent financials, as well.

But if we must, here’s the discussion on the lab and why (*mostly cost-related) the location is kept secret.

A lab with no address.
http://investorshangout.com/post/view?id=1455384


So with all this babbly-talk this leaves us to the here and now and moving forward:

Let’s recall that just a few months ago, Colorado was @ square one.
How rapidly did business grow there?

http://www.huffingtonpost.com/2014/03/10/colo...36223.html

Let's also keep in mind that California’s MJ market is 20-30 times that of Colorado’s.


#RECENT ***A look at Potential California Revenue ***

http://investorshangout.com/post/view?id=1565505

Moving forward with the fact that in LA county alone there are now 1,140 registered dispensaries (for tax purposes), whereby only just months ago circa 300 were allowed to freely operate under county law.

Moving forward this is about the opportunity to finally capitalize in a "free-California-market" where companies now have the backing of the president, the fed (*on lesser banking restrictions), and CA state policy makers drafting, circulating and working toward approved state-guidance.

Moving forward this is about the opportunity to finally get the timing of the revenue model right. It's about finally cashing-in on a marketing and advertising model that can make loads of cash in the honey-pot rich land of LA, and other parts of California (you know, the M&A of Weedmaps @ $295 to 1,000 per customer, per month).

http://mmjbusinessdaily.com/weedmaps-will-ear...nder-says/

Moving forward this is about the opportunity to finally drive the revenue engine.

I have run the numbers, the marketing and advertising (M&A) segment of business w/ just 30% of LA county's 1,100+ dispensaries , will equal a very respectable monthly and annual income. M&A sales with 300 to 500 customers (examples):

300 customers x $295/mo = $88,500 ($1,062,000/year).

Throw in a package deal, which adds custom, flat-rate testing services:
300 customers x $595/mo = $178,500 ($2,142,000/year).

Expand the market to other parts of California:
500 customers x $295/mo = $147,500 ($1,770,000/year).
500 customers x $595/mo = $297,500 ( $3,570,000/year ).

Considering Colorado and Weedmaps success, and the above conservative estimates may be why Angel twice reported in 2012 that the company revenue model was on track to make $6.5 million with contracts in hand before the fed raids and shutdowns.

http://www.bgmedtech.com/ir.stockpr.com/bgmed...index.html

http://marijuanastocks.com/content/bg-medical...a-division

Perhaps it has something to do with the fact that we can see business ramping up again that puts the spotlight on that deceptive smile shining bright like the north star...

#RECENT *** BudGenius Biz Ops Ramping Up via BudGenius and Social Media ***
http://investorshangout.com/post/view?id=1660794

Yep, we look forward. Not back! But if you must...