Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
NO GOV AGENCY small or large has ever tried to investigate BGMO.
Until now I guess....
BGMO
Bergamo Acquisition Corp.
Common Stock / Status : Suspended
OTC Pink No Information
OTC Markets Group Inc. (“OTC Markets”) has discontinued the display of quotes on www.otcmarkets.com for this security because it has been labeled Caveat Emptor (Buyer Beware) for one of the following reasons:
? Promotion/Spam without Adequate Current Information — The security is being promoted to the public, but adequate current information about the issuer has not been made available to the public. OTC Markets believes adequate current information must be publicly available during any period when a security is the subject of ongoing promotional activities having the effect of encouraging trading of the issuer's securities. At such instances, as a matter of policy, when adequate current information is not made available, OTC Markets will label the security as "Caveat Emptor." Promotional activities may include spam email, unsolicited faxes or news releases, whether they are published by the issuer or a third party.
? Investigation of Fraud or Other Criminal Activities — There is an investigation of fraudulent or other criminal activity involving the company, its securities or insiders. When OTC Markets becomes aware of such investigation, the companies’ securities may be subject to Caveat Emptor.
? Suspension/Halt — A regulatory authority or an exchange has halted or suspended trading for public interest concerns (i.e. not a news or earnings halt).
? Undisclosed Corporate Actions — The security or issuer is the subject of a corporate action, such as a reverse merger, stock split, or name change, without adequate current information being publicly available.
? Unsolicited Quotes — The security has only been quoted on an unsolicited basis since it entered the public markets and the issuer has not made adequate current information available to the public.
? Other Public Interest Concern — OTC Markets has determined that there is a public interest concern regarding the security. Such concerns may include but are not limited to promotion, spam or disruptive corporate actions even when adequate current information is available.
OTC Markets will resume the display of this security’s quotes once adequate current information is made available by the issuer pursuant to the Alternative Reporting Standard or by the SEC Reporting Standard, and until OTC Markets believes there is no longer a public interest concern. Investors are encouraged to use caution and due diligence in their investment decisions. Please read our Investor Protection page and OTC Markets Policy Regarding Caveat Emptor for more information.
Could some one on the board explain this...
Even if the numbers presented to Bradford in their printed format were correct, and they were not, why has there not been any updated numbers since September 17, 2012? That is very long time for someone with all that money NOT to have revisited their accountant for a current recompilation, do you not agree?
Additionally, the company has gone quiet with no direct communication to the market or their shareholders for months, but I have theory on this and I know from where I speak. When the SEC begins an investigation, it is always an "Informal Investigation" that the public never has knowledge of unless the company being investigated chooses to release this event. The first thing that will happen is a request for supportive information from the company regarding press releases and posted financials. The second thing is that during this period of investigation the company is instructed not to do press releases related to the nature of the items being challenged, but then that is only common sense. IMO, the company cleverly was able to continue its ruse by engaging a desperate "reporting" company like Vista to file reports that tend to support evidence of financial wherewithal by BGMO. But then we all know how that has worked for Vista. Incidentally, Vista is two required SEC filings behind based on the non-reporting significant events. Of they're still "holding their breath" praying for a miracle, but forget about it, not happening for either of these two companies.
Could some one on the board explain this...
Even if the numbers presented to Bradford in their printed format were correct, and they were not, why has there not been any updated numbers since September 17, 2012? That is very long time for someone with all that money NOT to have revisited their accountant for a current recompilation, do you not agree?
Additionally, the company has gone quiet with no direct communication to the market or their shareholders for months, but I have theory on this and I know from where I speak. When the SEC begins an investigation, it is always an "Informal Investigation" that the public never has knowledge of unless the company being investigated chooses to release this event. The first thing that will happen is a request for supportive information from the company regarding press releases and posted financials. The second thing is that during this period of investigation the company is instructed not to do press releases related to the nature of the items being challenged, but then that is only common sense. IMO, the company cleverly was able to continue its ruse by engaging a desperate "reporting" company like Vista to file reports that tend to support evidence of financial wherewithal by BGMO. But then we all know how that has worked for Vista. Incidentally, Vista is two required SEC filings behind based on the non-reporting significant events. Of they're still "holding their breath" praying for a miracle, but forget about it, not happening for either of these two companies.
How about providing an update on the two missed fundings by BGMO.
Not by GECO, so I suspect one or both of the CC brokers involved.
If the deal was with a non-reporting pinkie it would be hard to trust, but GSEN is a OTC:QB and current with its filings, so transparency is there for all to see. But look at Green Giant's website and see who they are partnering with and they look very strong. Sometimes it takes being in the right place at the right, plus factor in knowing the right people and we may have a winner.
Potential carbon credits need to be evaluated for price to the market, but that's the second step. The first is finding a viable supplier (GSEN already found GECO), then do the evaluation, which is not cheap. However, this expense is not paid by GECO.
In a nutshell, the producer (GECO) is removing carbon (greenhouse gases) when they remediate (make compost) chicken manure. This process earns them credits, which the broker (GSEN/GGVF) then sells to their carbon producing clients. Carbon producers, like coal burning energy companies, are charged a penalty fee for every ton of carbon they release, but they can offset these fees, which are substantial, by buying carbon credits from companies that have net reductions in carbon release. Simply put, it's a lot cheaper to buy the credits than pay the fines or upgrade their equipment. These exchanges are big everywhere else in the world, but now starting become popular in the US. Composting is at the top of the list for carbon value because the compost also increases the production of "green" plants, which by themselves remove carbon from the atmosphere. So it's a win-win for GECO's composting technology.
The first funding of $25,000 is chump change. What no one understands is what happened to the second funding of $475,000 on July 11th and the 3rd funding of $9,500,000 on July 27th? Perhaps someone could enlighten the doubters on the board. I know for a fact that those funding's would have been "significant events" requiring an 8K filing within a few days of receipt. Obviously they were never made, but were anticipated by Vista. They are now obligated to immediately report to their shareholders what happen to those payments. I'd look for that 8K filing too happen no later than this Friday and it definitely will not be good news for either company.
I'm guessing several times what GSEN will earn for their side of the transaction, but IMO the game-changer might be GECO being way more competitive price-wise with the non-organic compost market in the immediate area.
More dots....
http://www.otcmarkets.com/stock/GSEN/news
GS Enviroservices Signs Carbon Credit Deal With GEC Organics Corp.
SAN DIEGO, CA, Jul 31, 2013 (Marketwired via COMTEX) -- GS Enviroservices, Inc. of San Diego California (OTCQB: GSEN) has entered into a strategic partnership with Green Giant Venture Fund ("GGVF") for the purpose of developing carbon credit projects in the United States and abroad. GGVF is a highly respected and well-known firm that has been active in the development of carbon credit projects domestically and internationally for 10 years.
The first transaction for this new business combination is with GEC Organics Corp. of Castleberry Alabama ("GECO"). GECO operates a 70-acre facility, which is believed to be one of the largest organic compost facilities of its kind in the US. "We are very happy to be signing GECO as our first client in the GS Enviroservices/GGVF partnership," stated Grant Galloway of Green Giant. "The potential size of the carbon credit sales for this operation will result in fees for GS Enviroservices/GGVF of approximately $2,300,000 for this single contract."
"GECO's Alabama location will bring significant revenue to GS Enviroservices, but it is only a beginning. GECO has a second facility in Hawaii being developed and 2 more locations in the Southeast under consideration. Capital for the development of these 2 new sites has been arranged by GECO and will be offered to us as additional Carbon Credit projects. Further, our focus with Green Giant in the organic compost market overall has already resulted in inquiries from carbon credit producers indicating good opportunities for expansion in this space. As I like to say, the carbon markets are an important building block for a sustainable economy," added Mr. Simmons.
The SEC could care less about a company where there's only a few hundred dollars a day invested. BGMO is obviously a total scam, but all who invest are forewarned, so no harm done, as you know ahead of time that there's a very good chance you will lose your money, which everyone in BGMO is about to have happen....
If they have these additional profits, why do you suppose they haven't told a single person about these profits. Why do you suppose they did not give Vista the minute amount of these profits they promised them to close this deal. Is it because the "profits" never existed? Of course they never existed, but hey, you don't need to convince me to invest in this POS, you go for it. However, the share price is going sub-penny and never coming back.
Fellow knuckleheads....I was doing a little surfing today and found something that might be interesting.
From: http://www.otcmarkets.com/stock/GSEN/news
"The first transaction for this new business combination is with one of the largest organic compost facilities of its kind in the US."
The Company mentioned sounds kind of familiar to me and I know there are only a few with this focus in the US.
Regulators do not instantly question filings, in fact they may never review filings, unless the company has had problems in the past. Actually, regulators are more concerned with proper formatting than facts. Company hired auditors question information in the filings before they sign, which they do with Vista, but Vista was under no obligation to prove anything claimed by Bergamo. That is until Bergamo defaulted on the terms of their bogus investment agreement.
Bergamo has not had an audit for over 10 years, nor will they have one in the next years. Vista, to their credit, has kept up with their filings, and I believe will continue to do so because their IP and "current" filing status have real value. These items will especially important for the new owners (current debt holders and not BGMO).
The reality of BGMO's value is that they'd have to pay someone several million to takeover their shell. Strangely, I don't see that happening anytime soon. Of course JMHO.
Okay, so let's say all that propaganda is true...why is the stock of a billion dollar company heading to "sub-penny" land? Are you suggesting that all its shareholders are just plain stupid?
Okay, so let's say all that propaganda is true...why is the stock of a billion dollar heading to "sub-penny" land?
Regulators do not instantly question filings, in fact they may never review filings, unless the company has had problems in the past. Actually, regulators are more concerned with proper formatting than facts. Company hired auditors question information in the filings before they sign, which they do with Vista, but Vista was under no obligation to prove anything claimed by Bergamo. That is until Bergamo defaulted on the terms of their bogus investment agreement.
Bergamo has not had an audit for over 10 years, nor will they have one in the next years. Vista, to their credit, has kept up with their filings, and I believe will continue to do so because their IP and "current" filing status have real value. These items will especially important for the new owners (current debt holders and not BGMO).
The reality of BGMO's value is that they'd have to pay someone several million to takeover their shell. Strangely, I don't see that happening anytime soon. Of course JMHO.
Why do you think, at the very least, this company has not been relegated to the "Gray Sheets"? I realize they should be completely shut down, but the "Grays" would effectively do that and force BGMO into audited transparency to get back to the Pinks.
This usually only happens when you cannot pay your auditor. There was nothing complicated about the report (10K) because the had no revenues. It I had to guess, I'd say the $25,000 they were to receive from BGMO was to pay for the auditors and that check did not quite make it through their bank, JMO. Whatever the reason, this is a very bad time for them to be late. You might want to "bookmark" this event as the beginning of the end for both Vista and BGMO. JMO
Not yet, they have until tonight, but even then they will have more slack if they need it. And they'll take it they think BGMO's has a chance of being funding, albeit late.
Not yet, they have until tonight, but even then they will have more slack if they need it. And they'll take it they think BGMO's has a chance of being funding, albeit late.
Accredited Investor??
I don't understand why this is a big deal, as there literally millions throughout the US and rest of the world. Also, to be an 'Accredited Investor' all you to do to qualify is fill out a form and attach an unaudited financial statement. It is especially not important for BGMO, what with them sitting with billions in the bank...right?
Don't you mean "when are the losses going to be reported". That would be Monday, July 15th, unless they can't pay their auditor, then it would be "who knows when". They should also file an update on the funds BGMO has promised.
So where do you think the share price will go if BGMO fails to provide funds for Vista today? Also, Vista is supposed to file its 10K on the 15th and it is very likely not to be a pretty site with the "on-going concern" paragraph staring shareholders in the face. If you're going to make predictions on the plus side, can you not inform us as to what you think a negative event would mean for the share price...and I am a shareholder.
I don't think so, but I was talking to Neal Cavuto yesterday and FNB will be covering it....
I'm curious as to why you refer to BMAK as those that "company" was controlling share price and volume. It is correct to say that some one individual with a lot of shares has them "parked" at BMAK, and that this "individual" has wisely decided to divest himself of his holdings. But it is not a "Company" doing this to BGMO and I believe it's misleading to state otherwise. Not many MM's will even deal with a non-reporting pinkie, but the few that do can create glut of shareholders concentrated within 3 or 4 MM's, so it's impossible to know which individual is selling.
Tomorrow is another deadline that will not be meant, which is why people are getting out with at least some value remaining in their shares. To believe otherwise is to believe that there is not a single person affiliated with either of these two companies "leaking" positive news that they know is about to happen. Look at VSTA...zero volume...look at BGMO, lots of volume and share prices heading for record lows. How can these elements spell anything but impending disaster. At this point, silence is anything but golden. Silence trying to keep yourself out of getting in more trouble.
I HAD A DREAM LAST NIGHT THAT CERTAIN IHUB POSTERS WOULD STOP POSTING RIDICULOUS PSUEDO "INSIDE" INFORMATION THAT BORDERS ON LIBELOUS BEHAVIOR, BUT THEN I WOKE UP AND REALIZED THAT IS NEVER GOING TO HAPPEN.
That's real nice loyalty from a guy that took $55MM of your money and then "cuts" you out. Of course that's not what happen. The original group decided they'd thrown enough "good money after bad" and chose not to go forward with Vista. Additionally, choosing BGMO for any financial purpose is ridiculous and the act of a desperate company down to its last option.
IMO, look for a 10KA to be filed on Monday for a filing extension, this will give Vista 15 more days to listen to Bergamo BS as HH & Co. try to leverage Vista stock they do not yet own. No one on this planet is going to write Vista a check for $36 million and that is the only thing "you can take to the bank."
The 8K was filed and it says they got $25K and gave up 50K shares at $.50 per share. However, none of this is subject to audit at this time and it was done "conveniently" at a time too late to have it mentioned in the "subsequent events" section of their 10K, which is due out Monday. There is no end to the lengths that BGMO will go to create this scam. Autilion AG is an empty Swiss shell that Bergamo posted on Bloomberg as it being their subsidiary. Autilion's website hasn't been updated since 2010. How does that happen to a company in the software business...it doesn't. This just another mirage with BGMO carefully placing enough breadcrumbs to give it a surface "hint" of legitimacy. Good luck Vista, but then they've asked you to hold their check until the "real" cash arrives on or before July 11, 2013. However, since the announcement in April, some people have sold over 800,000 shares of their BGMO stock for approximately $250,000, not a bad 90 days work I'd say.
Not interesting at all. The shares were given to him for service to the company, not a cash purchase, and the price was predetermined by the warrants. Actually, according to the 8K document, he received half the shares on April 1, 2013, which is one day after the fiscal year ended, but only now is reporting the transaction. The auditors probably caught the discretion and made him file a Form 4 prior to them signing off on the 10K. In fact, your suggestion that he would buy shares just ahead of an event known to him and not the public is preposterous to say the least, and would subject him inside trading accusations. Surely you must know he could have exercised those warrants at any time prior to the expiration date, which is 3//23/2023. It is, however, somewhat interesting that he executed his warrants 10 days prior to the announcement that he was giving up control of the company to BGMO. Of course we both know that was never going to happen, but he didn't.
If past history is a predictor of future performance...not a chance in hell. In ten years is only successes he's had is talking desperate people into believing that his phony SBLC's are real and money is just around the corner. I believe Vista will be his "Swan Song"
If past history is a predictor of future performance...not a chance in hell. In ten years is only successes he's had is talking desperate people into believing that his phony SBLC's are real and money is just around the corner. I believe Vista will be his "Swan Song"
Do you believe HH is Vista's "savior" as well?
WHAT!!! Are trying to tell me Santa doesn't come down the chimney??
Couldn't find Vista name in the article...Did I miss something?
There is no way in hell a nickel of funding will get to Vista directly or indirectly from BGMO. As to why they've done this over and over again....some same HH is a sociopath and that may be true. However, since this announcement, someone has dumped about $150K of BGMO stock and this has happened over and over again...that's a fairly good motivation to keep the PR BS flowing I'd say. BTW, the SEC will never go after this scheme, they simply say "buyer beware".
Well....the 8K is out and welcome to the BGMO shuffle. You now have 15 more days until the goal posts are again moved. This guy Herzog is unbelievable!
The next "PR" issues, will be in the form of an 8K filing on May 1st from VSTA granting Bergamo an extension, and it won't be for a few days...more like a month...then another....and another. IMO of course.