I think the regulators are already actively following BPG, so...

I think the regulators are already actively following BPG, so this balance sheet would probably not be too much of a surprise to them.

I think that the thing that has kept them in the game has been their business connections and also their relationships with people with the money to provide them with finance in the short to medium term.

The management are in a position where they either steer the ship to port or they go down with it.  They have all the motivation in the world to see this thing succeed (especially after issuing so many shares to themselves) and that is one of the things that gives me some confidence that they will do their best.  

I understand why holders would be nervous about the stock as there is no guarantee it will be a success.  I would suggest looking around to see if anyone might be interested in buying your shares.

I would also suggest being a little wary of posters who only ever post negative responses as there are a number who have said they want to claim BPG as a tax loss this financial year.

For me I am doing what I can do which is focus on other shares and see how this one plays out.  I am keeping an open mind on this particular stock.  It is a nuisance at the moment but it might be something that could be useful later in the year.