I went back at had a look at the postings for BGD from 2006-09. I think Gizzard has an axe to grind or there is more to his upstanding citizen approach. When you read his posts from 06 to early 09 things sounded rosy for BGD, thats when he held and when these share were well in excess of 25c.
Their links with middle east funding seem to have been been ready for awhile.