a cut and paste from another message board....
"Bronson and E-Lionheart purported to rely on an exemption from registration under Rule 504(b)(1)(iii) of Regulation D, which exempts transactions that are in compliance with certain types of state law exemptions. However, no such state law exemptions were applicable to these transactions. Bronson and E-Lionheart claimed to rely on a Delaware state law registration exemption, but the transactions in fact had little or no connection to the state of Delaware. The particular Delaware state law exemption claimed by Bronson and E-Lionheart is not an exemption that meets the specific requirements of Rule 504(b)(1)(iii). As a result, investors purchasing these shares did not have access to all of the information that a registration statement would have provided, including in many instances important information concerning the issuance of millions of new shares by the company to Bronson and E-Lionheart.
Rule 504 Reg D was used by BMGP to issue shares to e-lionheart (at least 1,060,005) and "magna llc" (at least 1,392,758) which I believe to actually be "magna group llc" which is out of Texas with bmgp's OTC financials filing stating that 504/reg d was used to issue shares in Texas...including e-lionheart, magna llc and at least one un-named party (at least 5,000,000). Jeff Stone is also from Texas and I believe him and his wife janette dillerstone to be operating wakabayashi fund llc (issued at least 5,000,000 shares) out of Japan after refusal to pay disgorgement and fines resulting from SEC Adminstrative Proceedings."
..... 'charles gregoire de rothschild' a/k/a or more specifically 'real name' Aaron Joab Berdah once claimed to have become a 'major shareholder' of bmgp in the months immediately preceding the los alamos nat lab announcements by hardman....
rothschild/berdah was found to have connections to "gdr privee inc" which claimed to be of New York, NY and 'conundrum capital llc' of boca raton fla.....
an excerpt from a blog? which can be found by googling above named entities/persons.....
"No one knows his full story. He has no family and mysteriously appeared from nowhere and started an image building campaign. Suddenly, his name appears as Director, Advisor, Administrator and Chairman of several companies: Conundrum Capital LLC, Carlton Energy Group, Cobera Capital, DHP Partners, JLFTranstrade, Vena Resources, Brewer Investment Group, eDoorways, Biomagnetics Diagnostics, Franklin Mining and the list goes on"
Why do you leave this part out? This is the paragraph before the one you posted. Read this first:
According to the SEC’s complaint filed in U.S. District Court for the Southern District of New York, Bronson lives in Ossining, N.Y. E-Lionheart, which also does business under the name Fairhills Capital, is located in White Plains. Acting at Bronson’s direction, E-Lionheart personnel systematically “cold called” penny stock companies quoted on the OTC Link to ask if they were interested in obtaining capital. If the company was interested, E-Lionheart personnel would offer to buy stock in the company at a rate that was deeply discounted from the trading price of the company’s stock at that time. Typically, Bronson and E-Lionheart immediately began reselling the shares to the investing public through a broker within days of receiving the shares from the company.
Most likely BMGP needed some funds and got a call. This doesn't indicate that BMGP was up to no good. What would you do, if you had a good product, but no funds? E-lion got 1,160,005 around the time BMGP was trading at .04. If they did fund BMGP money, they probably discounted shares 50%? So BMGP maybe received $23K.
This is the stuff that vmax pulls, he wants everyone to think that BMGP is guilty by association. I believe the company maybe understood, that these companies would sell immediately and shame on them. Shame on vmax for hand picking only the info that looks damaging.
I'm a firm believer of "Innocent until proven guilty" and giving the presumed innocents their day in court, but these guys with their many years of lying to investors are proven Guilty beyond a shadow of a doubt. I think the ones making excuses for their activities are not honestly facing the facts. Their attitude seems to be "Yeah, they lied for years, but does that make them bad guys today?".
Given their record they have to show something to prove the leopard changed his spots. JMHO.
I wonder who the OTHER 504 Reg D issuee/s may be?
E-Lionheart and Magna Group LLC make it FIVE bmgp share issuee fraudsters convicted/litigated/discredited...and in the the same timeframe as the unnamed recipient/s of the just under 5 million share Texas loophole Rule 504 Regulation D issuances.
So are you stating that BMGP gets a kick back of some kind? How do these little under capitalized companies with no revenues get over the hurdles? Maybe they have to play ball with the likes of these guys. I'm sure there are not many avenues to raise necessary funding.
My point here is we all know BMGP has expenses, rent, electric, corporate fee's, travel, accounting and I'm sure there are many more. How do you keep the doors opened? Financing is expensive, specially when you are a undercapitalized company. I bought a commercial property and had to pay fee's to a broker who found a lender.
Has everything E-lion and Wak touch been a bust? I'm sure you never spend a second looking into that. When we discuss that Clayton didn't personally sell any shares, the gang of six want to point at that the company sold 30M shares. Like that's the same thing. The avenues to raise funding are limited, specially today. I just feel sometimes you have to sell your soul, to get to the point where this moves forward. Not a easy world to raise funds in. But I will look deeper into E-Lion. Thank you.