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Biomagnetics Diagnostics Corp. Message Board

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  • billyteex1 billyteex1 Sep 3, 2012 9:17 AM Flag

    E-Lionheart Associates charged by SEC w/stock fraud.....

    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.

    Sentiment: Hold

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    • 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.

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