I am not your man and you said you want them to go Bankrupt, they would be sued for sure - so many good things and options other than that - abbott launch, strong inside team, I will call hall Monday and I bet between me and 5 other longs we could raise a million for them to have to get them through a month to complete a buy out
this is the other Steve, I DO NOT want BGMD to go BK, hell no, I'm holding 70k, but I can read and when the company says there is substantial doubt about continuing as a going concern, it piques my interest, I want us all to make money
Listen my man. This is the other steve. You are not looking at the SEC filings. Read them.
Something could be. My issue is that people talk from their rears and not brains. They are running out of money. That is all my point is. The stock is at 81cents with an approved test. tahy is my point. The company stated they need money desperately. WHat am i missing.
Steve, what is your education level and often when people say this they are not as educated as they think meanwhile what is your issue with BGMD that YOU WANT THEM TO GO BANKRUPT
Having said this, I'm still on the fence on this, I just keep thinking of the feb 24 options, why would they issue if something was not in the works?
I don't know what to tell people when the company its self is stating these facts and people choose to ignore it, baffling, maybe yeswecanbgmd is short
You obviously don't understand the market. A short....what a fool. Never shorted a stock in my life. I am a pretty educated man and from what I understand in business is YOU NEED CASH ESPECIALLLY IN THIS VERTICAL. WHEN YOU HAVE NO REVENUE CASH IS A PROBLEM!!!! WHEN YOU CANT GET MORE CASH IT IS A BIGGER PROBLEM!!!!! WAKE UP.
Can yeswecanbgmd please stop pumping. I don’t care about the shorts next week. I care about this company going BK. Did you read http://www.pharmacychoice.com/News/article.cfm?Article_ID=1351921
and all the other filings? They need cash, NOW. What don’t you get. A BO is nothing more than speculation by the retail owners. No one knows the terms between Abt and BG. For all we know BG going BK my not have any impact on Abt. No one knows and you have been pumping forever and we are still at 81 cents. We were at $2.43 last year based on a study. We have approval and we are at 81 cents. Does that not speak volumes to everyone.
I read this earlier......my concern obviously is if no BO....how and who will they obtain financing from next?
Until we have repaid all amounts due to the lenders under this term loan facility, our ability to raise additional funds through other debt financing is limited.
On November 13, 2014 we announced that we retained Stifel Nicholaus & Company,
Incorporated, an investment banking firm, to assist us in reviewing and
evaluating a full range of strategic alternatives to enhance shareholder value.
The strategic alternatives could include possible joint ventures, strategic
partnerships or alliances, a merger or sale of the Company or other possible
transactions. There is no assurance, however, that we will be able to raise
sufficient capital or engage in any strategic transaction on acceptable terms,
if at all.
We believe that our existing cash will be sufficient to fund our operations and
service our debt through May 2015. Until we generate significant product
revenues to reach cash breakeven, we will need to raise additional funds to
finance our operations and service our existing debt through May 2015 and
beyond. We may not be able to obtain adequate financing to do so when necessary,
and the terms of any financing, if any, may not be advantageous to us and any
financing may result in dilution to our stockholders.
The above circumstances along with our history and near term forecast of
incurring net losses and negative operating cash flows raise substantial doubt
regarding our ability to continue as a going concern. The accompanying condensed
consolidated financial statements have been prepared assuming we will continue
to operate as a going concern, which contemplates the realization of assets and
settlement of liabilities in the normal course of business, and do not include
any adjustments to reflect the possible future effects on the recoverability and
classification of assets or the amounts and classifications of liabilities that
may result from uncertainty related to our ability to continue as a going
Why would they?oh I don't know, Perhaps no money and an inability to pay debtors maybe???
you should be in that olympic event, jumping to conclusions, you'd be a shoe in for a silver
Please do, why would they and why do you say this you must be short