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03/05/07
11:05
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I am amazed at what I am reading here. No wonder I have visited the BSG threads so rarely in recent months.
We see takeovers in the US that are alleged to be worth billions of dollars. It is all done by issuing shares NOT BY ISSUING CASH.
Why hasn't it occurred to those posting here that "BSG does not have the cash" that all BSG need to do is issue BSG shares?
After all, BSG control about 70% of PJO as it is.
PJO was a company struture used by BSG solely for the purpose of raising funds overseas to develop/finance BSG's Mexican leases.
In that regard PJO has now outlived its usefulness.
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