Fidelity SPDR Advertisement
Home > Boards > US OTC > Alternative Energy > Bergamo Acquisition Corp. (BGMO)

These are my opinions based on what little

Public Reply | Private Reply | Keep | Last ReadPost New MsgReplies (2) | Next 10 | Previous | Next
Investman432 Member Profile
 
Followed By 20
Posts 3,722
Boards Moderated 1
Alias Born 03/01/10
160x600 placeholder
Investman432   Sunday, 04/17/11 07:57:05 AM
Re: lastpak post# 15413
Post # of 41871 
These are my opinions based on what little information this company provides:

Suntrough - Ansari keeps the relationship going because BGMO serves as his overseas marketing arm and legacy Pakistani connection for whatever these are worth. Suntrough may have gotten some BGMO shares for its efforts. They still don't have a complete proven bankable system with suppliers or a proven demonstration where the performance has been verified. Talk is cheap, but engineers and bankers prefer things proven.

GreenSafe - No clue what is happening with the old Greensafe company; unlikely they've gotten anywhere after Swire left and set up a competing enterprise. By now the exclusive North American rights to the demanufacturing equipment should have expired for non-performance. There are a few people unhappy with how things happened with BGMO so maybe Hilly will get to spend more time in courts explaining his past actions.

Investment Program - until I learn otherwise, I assume this is another scam foisted on Herzog by people who should be in jail for cheating the elderly out of their money.

US Capital Funding - notwithstanding gullibility of people who do not understand the difference between structured financing and corporate credit, this is still not a AAA corporation whose recently created financial obligations are creditworthy. Every aspect of this company from its website, facebook marketing, CEO rap sheet, CEO personal direct involvement, outlandish claims of assets, invisibility on state and Federal agencies, industry associations, news reports, and so on, screams fraud. Only a blind idiot would send them money excepting something in return.

The SBLC - worthless paper. Herzog's problems will really start if a bank actually falls for the trick and actually lends BGMO money on the basis of the faux SBLC collateral. Its a great way to get the FBI on the case.

Esoft Informatics - Vivek and his sidekick Newby are playing Herzog for everything he's worth, and now are starting a scam with GEC. I think they are the real scum, notwithstanding that Vivek once helped a Hasidim Jew get out of Tibet.

Pilot - They are real and the early stage hybrid power plant near New Delhi could work - but they probably have realized they picked the wrong partner and wonder how much of their deposit they'll ever see again. They should stick with what they know - electronics from Taiwan, or was it bicycles?

Rajastan - the project site is fine and qualified under the earlier subsidy program. Too bad Suntrough doesn't have a bankable design and Harbinsons doesn't know thermal power plant plumbing from their elbow.

Audited Financials - not anytime soon. Nothing to audit, no money to pay auditor.

Camofi Fund - an attack dog that's not going to stop until they get paid, who's dragging Herzog and his buddy through New York Supreme Court. Stay tuned.

ICG - got a judgment against Herzog and Bano, personally. It was only through ICG affidavit we learned Herzog made a donation to FoxBank, and how some of loan proceeds went to Sinha at Esoft, around the time Herzog announced $75 mm had been deposited into company's bank account.

Nameless Hustlers - apparently Newby and Sinha aren't the only ones pressuring Herzog to send them money for a phony deal. Lyndon's buddy's are trying to get in on this too.

Public Reply | Private Reply | Keep | Last ReadPost New MsgReplies (2) | Next 10 | Previous | Next
Follow Board Follow Board Keyboard Shortcuts Report TOS Violation
X
Current Price
Change
Volume
Detailed Quote - Discussion Board
Intraday Chart
+/- to Watchlist