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I get it, if the stock price goes up, every thing they say must be true, despite enormous evidence to the contrary. Enron's stock went way up, too.
Or how aboutthis one, dated October 2, 2007, reporting the "acquisition" of WFT Concepts, LLC:
In conjunction with the above the company had previously announced an agreement to engage an accounting firm SEC qualified to enable it to prepare audited financial statements necessary to comply with those reporting requirements of the SEC."
Been quite a while, eh? Still working on those reports? I think you need faster auditors.
From a press release issued April 21, 2009 by Bergamo:
"Bergamo is working diligently to not only be up to date with PinkSheets.com, but also to become fully reporting as soon as is reasonably possible. In recent weeks we have taken additional steps in that effort including hiring
qualified auditors, attorneys and investor relations experts to accomplish this goal. As of yet we are not ready to give an exact target as to when we will become fully reporting. As we get closer to becoming fully reporting, we will update shareholders on the status of these efforts.
So, how's this going? Who did Bergamo hire as auditors? Why no SEC filings?
Yes, all of this is as flakey as the day is long.
Yeah, see if you can find any Clothestime stores.
Gatorade, if you look at the "acquisitions" announced by Bergamo in its "apparel" stage, you will note that none of these "companies" had websites, nor did they appear in any Google search (except for the Bergamo press releases and reprints of press releases). So this is nothing new. Also, look at Google Earth and you'll see the Bergamo "corporate headquarters" is a house in a residential neighborhood.
You don't have to be Sherlock Holmes to figure this one out, but few others on this board ask these questions.
Quiet around here. You guys starting to get worried?
Maybe that's why they said IKU Bank.
It's not "going to be" a billion. According to the "financial statements" they already have a billion dollars of A/R.
Aston, they've started deleting my posts when i questioned accounts receivable of ONE BILLION DOLLARS. What do you think of that?
Ummm..did you by any chance notice the term "projected" throughout this "financial statement."
Once again, you make a claim, that I told people to sell, and can't back it up.
Actaully, I'm sure a savvy trader can make money off this stock, buying when the press release is issued and the pumping is in full swing, selling before it becomes clear that there's no substance, and then repeating this process. I just wouldn't want to be the guy holding the stock when the music stops (cf. Madoff investors).
I have never recommended that anybody buy or sell this stock at any price. Prove me wrong!
Maybe you guys should check it out before you tout this stock. (Actaully, I have tried to check it out and have found no substance.)
Is there any evidence of this other than the Bergamo website and press releases? You know, like sales, products, contracts, ads, etc.?
You know, if you serch around you can find any number of press releases issued by Bergamo announcing various "acquisitions," financing transactions, and other "news," none of which appear to have ever come to pass. (See example below). What makes you guys thin the current spate of press releases are any different? Credibility (or lack htereof) is key here.
http://www.prfree.com/index.php?cur=index&action=preview&id=68912
Londonwall. Isn't that the place with the address that appears to be a vacant lot on Google Earth?
Satteliteguy, don't confuse these pumpers and their followers with the facts.
You guys crack me up. Price goes down--"building a base." Price goes down more--"opportunity to accumulate more." No news despite missed deadlines--excuses, excuses. If they are planning to start filing with the SEC, why don't they announce which accounting firm has been hired?
What's happening on September 22?
Just Google "BR Research" and see what you find. You guys are sooooo gullible
Maybe because all info about Bergamo comes from company press releases and paid touts?
Nestle's is an established Swiss company with published audited financial statements. As a Swiss company, it elects not to be governed by U.S. securities laws. Bergamo is a Delaware corporation based in Nevada. The situations are not comparable at all. Bergamo has issued several press releases over the years promising to have audits and to list on the OTCBB or Amex, but has consistently broken those promises.
Good point, Aston. If Bergamo has all these billions of dollars lying around, why can't they afford to hire an accountant, audit their financial statements, and become a reporting company. That way they could actually become a "bulletin board company". Perhaps they're reluctant to have independent accountants look at their books?
Well, at least we're getting a lot of frequent flier miles.
Two years ago, they were issuing the same sorts of press releases about letters of intent, promises of big financings, etc. only about apparel companies. The more things change....
Maybe nobody believes his press releases anymore, based on past history? Remember, he issued a series of press releases a couple years ago about "acquisitions" of a variety of apparel companies. none of which seem to have happened. Fool me once, etc.
The link doesn't work.
Note that these financial statements, which are laughable, don't bear the name of any independent accounting firm. Why would anyone put any stock in them?
Those who cannot remember the past are condemned to repeat it.
--
Santayana
Yeah, a bankrupt country run by the Taliban.
See, if we had the catering contracts for all these meetings, we'd be doing great!
Hey, maybe Bergamo should get out of the energy "business" and get into the catering business, because they seem to have a lot of these meetings in Pakistan. Either that or the PR business, that seems to be doing well, also.
Hey, look, I can cut and paste, too!!
1 Billion Potential Viewers
Regional Television Distribution
Air Regionally within the Top 200+ Television Markets
• CNBC: 84 Million Potential Cable Households to 200+ Regional Television Markets
• FOX Business Network: 45 Million Potential Cable Households to 60+ Regional Television Markets
• Television Affiliates: Millions of Potential Television Households to 27 Local and University Networks
• Asia Television: 1.9 Million Potential Television Households
• Canada: 2 Million Potential Television Households
CNBC (as paid programming) - #1 Business Network
As the recognized global leader in business news, CNBC reaches stronger concentrations of upscale households and adult demographics than any other network, broadcast or cable.
* 84 Million Potential TV Households
* Carried on all DirecTV and Dish Network venues
Fox Business Network (as paid programming)
Fox Business Network was the largest launch in US cable history with all programming available in High Definition.
* 45 Million Potential Cable Households
* Airs on DirecTV
Internet Television
21st Century Business broadcasts to over 650 million viewers via YouTube, iTunes Podcast, MSN Video, Yahoo! Video and many more.
How many times do you plan to cut and paste the same crapola? By the way the "21st century video" website only has a standard stock-touting video about some company that makes pills to put in your gas tank. No video on demand, nothing even about Bergamo.
How about some audited financial statements so we know there's some reality to all this, beyond meet 'n greet pictures and letters from oficials inviting Bergamo to bid for contracts?
This press release you guys keep re-posting says explicitly that the contract is "subject to proof of available financial ability of 420 million us dollars cost of the project."
How is Bergamo doing in coming up with that $420 million?
Well, I tuned in to CNBC at 4:00 EST and they had regular programming, nada about Bergamo. Or did you mean 4 a.m.?
Ummmm... according to the release, it's paid programming, e.g. an infomercial shown at 3 a.m. in which a bunch of bogus companies have paid for a bit of air time.