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Well, we've bben hearing all about Pakistan's energy policy for about six months now. What's any of this got to do with Bergamo? Or has the Pakistan energy bandwagon passed Bergamo by?
Maybe back to the Clothestime business? Whatever happened to that?
I thought this was supposed to be a "public" company. Shouldn't this information be "public"?
Hey, duedilly, I'll tell you something that's true. Despite several press releases over the past few years promising to file audited financial statements and become an SEC-reporting company, none of this has ever happened.
Why not release some audited financial statements? Afraid the auditors might find that there's no "there" there?
"SUBJECT TO THE FINANCING ABILITY OF BERGAMO ACQUISITION CORP TO PROVIDE 420 MILLION US DOLLARS PROJECT COST"
That's all we need to know. What are the chances BGMO will "provide 420 Million US Dollars"?
So, was the great joint venture with Bergamo mentioned in the call? If so, I'll listen to the transcript.
Last I heard Lugar was in Washington.
Hey, that release was dated February 26, but you posted it at 6:35 EST on February 25. How'd you do that? Do you know the winners of tomorrow's horse races at Aqueduct?
From the press release:
"Bergamo has entered into and has signed two Memorandum of Understandings for additional energy projects in Pakistan... Subject to proof of available financial ability of 420 million US dollars cost of the project, advance guaranteed payment by the Government of Pakistan for 60 million US Dollars upon proof of financing."
What does this mean? If Bergamo proves it has a commitment for $420 million, Pakistan will give it an advance payment of $60 million? Hell, if I had $420 million, I'm sure I could scare up another $60 million.
"A safe haven for investment and capital"? A safe haven for the Taliban, perhaps.
Yes, Aston, the financial statements (posted at www.pinksheets.com) do provide comic relief. "Current Assets" of over $7 million? (Includes an unnamed entry for $6,088,000). Sales of $47 million for the period ended 1/31/09? (As you point out, these statements were published on 1/6/09, so Herzog's accountants can predict the future).
Read the whole thing, it's a laugh riot.
Yes, that was very responsive to my post, you showed you know how to cut and paste from your previous posts.
Well, yes, there is a bank in Pakistan by that name. Big deal.
When I tried to do my own due diligence by emailing AES to confirm that they have a joint venture with Bergamo, they denied all knowledge. When I posted this information, you said that there was a nondisclosure agreement, so they couldn't confirm it.
If I contact this Bank (i.e. "do my own due diligence")and they deny any involvement with Bergamo, will that also be because of a confidentiality agreement?
The question isn't whether the clothing deals are small or big, the question is are they real?
Okay, I'll bite. Are you telling us that all the past press releases announcing acquisitions of clothing companies were lies, and the new ones about solar projects in Pakistan are true?
Okay, I'll start. What happened to the last fifteen (or so) "contracts" announced in previous press releases? Why, exactly, should anyone believe this one?
Well, you're right, I sure got some stupid answers.
Well, that answers it!
Well, I'm glad to hear that the Pakistani economy is turning around! When is the Bergamo economy going to turn around?
Your (sorry, I mean Bergamo's) press release says that Bergamo "entered into a joint venture." How is that not "finalized"?
How about the part that says "the information contained in the article regarding a JV deal between AES and Bergamo E&A Corp is not correct"?
Well, I looked at the website and AES seems like a pretty impressive company. Of course, there was no reference to Bergamo, Pakistan, or anything like it.
Puzzled, I sent an e-mail to AES through their website asking about it, and forwarding the Bergamo release. I got the following response:
In response to your email below, please understand that AES has no solar development activities in Pakistan at this time.
If you came to this understanding based on the following news release issued by the Pink OTC Markets News Service, the information contained in the article regarding a JV deal between AES and Bergamo E&A Corp is not correct.
Regards,
Michael
Michael Cranna
Director, Investor Relations
The AES Corporation
Pakistan has "mostly sunny days"? Why, our success is assured,then!
2009?? What happened to Christmas 2008?
On the contrary, only one more day!!! I'm already spending my soon-to-be riches!!
Only three more days, and we'll all be rich! Right, duedilly?
Christmas 2008?
I would, but my tuner got repossessed due to my BGMO investments.
Oh, please. A paid stock-touting service rehashes company press releases.
Did that last email come from Nigeria, by any chance?
Well, the cost of that 8 million shares keeps going down! It'll leave the buyer a little extra scratch to get some outfits at the local Clothestime.
Custodian of the Two Holy Mosques? Wait, are they going to open a Clothestime store in one of them?
Don't you think this release would be more meaningful if it explained who or what LNGB (or LBNG) is? (The release uses both sets of initials). The market was clearly impressed as BGMO wnt down 20% on the day.
What's a "mooooorrrrrroooooonnn"? Is that like a moron with a sticky keyboard?
You didn't exactly respond to my offer.
Hey, Duedilly, I've got 5,000 shares, I'll sell them to you for $10 a share, you'll double your money when it hits $20. What do you think?
Yeah, like the "Friends of Pakistan" meeting in Manhattan are going to make a difference.
More big news for Pakistan
The chaos that is engulfing Pakistan appears to represent an especially frightening case of strategic blowback, one that has now begun to seriously undermine the American effort in Afghanistan. Tensions over Washington’s demands that the militants be brought under control have been rising, and last week an exchange of fire erupted between American and Pakistani troops along the Afghan border.
--New York Times 9-28-08
A blast from the past:
(posted by duedilly on May 22):
In connection with this program, the company has engaged a law firm to review all documents and contracts in the preparation of an underwriting agreement and has further has contracted with an accounting firm to conduct and review all of those documents, financial statements, etc. to enable the Corporation to qualify as a fully reporting Corporation under those regulations.
Herzog is going to make BGMO fully reporting, that will make everything transparent,and move the company onto a much better exchange,like NASD smallcap,that will be great for the share price.
So when are those Clothestime stores going to open?
Hey, duedilly, couldn't Bergamo find a more unstable country to set up shop? Maybe it should be selling molotov cocktails and small arms instead of solar energy, or clothing, or whatever it is Bergamo doesn't do.