I've noticed that people are interested in the BMG-ASI court...

I've noticed that people are interested in the BMG-ASI court case. While following the case, I noticed recently tendered documents from ASI showed that ASI has:

- No money of its own
- No bank account
- No profit & loss statement or balance sheet
- No other asset apart from its shares in BMG
- Refused to supply information about where their original funds came from

Is ASI in fact just a shell?

Take a look at BMG's ASIC record. You will notice that Entr?e Gold (market cap approx. $350 mil) and Atlas Iron (market cap approx. $2.9 bil) are also shareholders of BMG.

Clearly there are other big fish behind BMG, not just ASI.

Moving on to something that is disturbing, the 6 million options to the CAP board. If they are so keen, I would be more impressed if they'd used the shares to revenue raise and keep the projects moving along, instead of making a grab at this stage. How many times have we seen this when penny companies look like they're going to hit the big time?