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So did Bergamo hire Cohen or not? Did Cohen make up that part?
Well, I agree that the "research report" was a joke. a cut and paste of various press releases. I think you need to understand that the research report is merely the pretext for the stock issuance. The actual services to be performed in exchange for the stock are somewhat mysterious, but I'm sure the "research report" has little to do with it. If it's "144 stock" as stated, the promoter will have to hold it for a year, so at least they have a long-term perspective.
Actually, we're poring over our Lamborghini brochures, selecting options. I'm going with the Aventador.
http://www.iol.co.za/motoring/cars/other/lamborghini-aventador-lp700-gallery-1.1034087
Doing your best to get it back to $.05, right?
For what it's worth, I was told (a couple of weeks ago) that we would have announcements "the first week of March." Whether that's this week or next week, who knows.
Lots of shares being scooped up in the $.04- $.05 range in the last few days. Won't take much movement to make winners of these buyers.
Hate to say "I told you so," but I told you so. Those shares at $.05 and $.06 look good now, shares at $.11 or $.13 may look good tomorrow.
I don't know about that, Ted, but the history of this stock (and it has a long history) is that it falls back to these levels on a news drought, but pops right back up when there's a press release (or, actually, on rumors of a press release). I'm in at tyhese prices, and you don't have to be a believer to buy in now and take a quick profit when the inevitable rumors start circulating.
Well, the good news (if there is any) is that whoever was selling seems finished, all the trades were early today. However, we still need some buyers.
I think you may be on to something there, Investman. Otherwise, it's hard to explain several days straight of volume in the 500,000 share range and no price movement. Herzog may well be waiting for these shares to be sold into the market before releasing any news, lest ICG profit from it.
Some historical perspective. I have no idea what the story is on press releases, ICG or the like, but remember that the stock traded below $.02 in September (about when the Texas lawsuit was the point of discussion), but bounced up to the $.16-$.17 range in November. If you look farther back, I think you'll find a similar set of peaks and valleys. Those who bought at $.02 back in September (not me, unfortunately) are looking pretty good, with lots of upside potential.
Buy on bad news, sell on good news. It was ever thus.
I'm ahead of you Sohail, I'm at $.075. Nothing avaiable at $.07.
Last week saw heavy volume and not much price movement. This tells me that Bergamo has probably issued shares to vendors and creditors, who quickly liquidated them. Vendors aren't investors, and aren't interested in the company's future, they just want to sell and get paid.
The good news is that there are buyers at .077 to $.08 with apparently unlimited resources, as the market absorbed all these shares without dropping below .075. Once this share overhang is sold off, and today's action indicates we might be there, the stock should move up nicely.
I've seen this stock drop down into this range several times over the past few years, but it always comes back. This could be an opportunity to pick up some cheap shares, no matter who is bribing who in Pakistan (which doesn't seem to have much to do with Bergamo, anyway.)
Based on past experience and this morning's volume, I would expect the price to drift upward to the $.15-$.16 range today by the end of the week. If you can get in at $.13 or below, I think you have a good opportunity for a short-term gain. If no PR is issued by the end of the week, this could rapidly deteriorate.
I don't pretend to understand all the intrigue relating to Pakistani politics going on here, but it seems Bergamo made the right decision to shift its focus to India, which is rapidly developing an energy infrastructure and is a stable country. Today's news about the assassination in Pakistan is further confirmation.
It appears Investman (who posts multiple times each day) has some sort of axe to grind relating to Herzog's activities in Pakistan, but it shouldn't make us lose focus of Bergamo's connections in India and the concrete plans it has for specific projects in India.
Popcorn revenues! Gotta love it. Movie theater popcorn probably has the highest gross margins of any commodity on earth.
Excuuuuuse me, I didn't know I had to be a member of the "club" to post here. I'm a small shareholder, bought in at $.08 last spring, survived the drop to $.03, and bot a little more last week at $. 14. I found the article through a Google alert.
from Asia Sentinel December 2:
"India has enormous potential for the development of a strong solar industry," James Hu, Suntech's President for Asia Pacific, Middle East and Africa, said in a statement in August. In India recently to identify plant locations, Hillard Herzog, chief executive of US-based Bergamo Acquisition Corp, echoed Hu's statement.
"Another recent tie-up has been between Bergamo and Esoft Informatics Private Ltd., an Indian software firm to build six solar thermal power plants of 100 MW Capacity each."
Begamo CEO Hillard Herzog said total investment is expected to be US$2.4 billion. "The Bergamo-Esoft JV will look to ultimately ramp up capacity to 1,000 MW."
http://www.asiasentinel.com/index.php?option=com_content&task=view&id=2852&Itemid=225
I think movie theaters are a great undervalued asset. Ever since television came along, people have been predicting the demise of movie theaters, but they're stong as ever, and people like the "event" aspect of going out to a movie. Most small theater chains are poorly managed, and a little management attention can turn them into cash machines, especially by redoing concessions, scheduling, etc. Also, some theaters are being retrofitted for "special event" theatercasts, which are catching on quickly. If Fullcircle can acquire theaters cheaply and manage them efficiently, it's a great business.
Is this company still in business? Acording to their SEC reports, they have no revenues for many years. And yet, somebody (the oficers?) must advance funds to pay for annual state reports, SEC filings, accountants, etc. The technology seems outdated, so why would they keep putting funds in to keep this alive?