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At least 1 pr next week, maybe 2
IMO
Where on the stock guru website is the update.
Panic Buying
The $75 million funding was done without the help of Newby & Associates.
IMO
Buyback in the market coming.
IMO
I SMELL A LARGE BUY BACK COMING !!!!!!!!!
BREAKOUT COMING
IF YOU SELL STOCK UNDER $3.00 YOUR CRAZY !!!!
Game on
April 16th, 2010 Mr. Peter Swire, CMA, announced today that GreenSafe Demanufacturing Inc (GreenSafe) and Bergamo Acquisition Corp (Bergamo) of Henderson, NV have restructured the previously announced financing.
At the request of Mr. Hillard Herzog, President of Bergamo, the previously announced equity placement of $ 50 million USD and a standby flow-through line of credit facility of $ 70 million USD have been restructured to take into account various tax, regulatory and banking issues.
In its place, Bergamo E + A, FZC, a wholly owned subsidiary of Bergamo and domiciled in the United Arab Emirates, will be acquiring up to a 60% Net Profits Interest in GreenSafe.
The investment will be structured as a Participating Subordinated Note ranking behind any secured creditor and ahead of the Class A and Class B shares.
The Notes are redeemable by GreenSafe and are non-convertible.
GreenSafe is proudly 100% Canadian.
April 30th, 2010 Mr. Peter Swire CMA, President of GreenSafe Demanufacturing Inc., announced today that GreenSafe Demanufacturing Inc (GreenSafe) has entered into a second equipment purchase contract with Adelmann Umwelt GmbH (Adelmann) of Karlstadt, Germany for the production, delivery, installation and commissioning of selected state-of-the-art demanufacturing equipment for two additional plants.
The equipment chosen will be able to process approximately 8 million units per year. All cooling equipment, major white goods, counter top appliances, cleaning and gardening equipment, electrical tools, computers and used office and restaurant equipment can be handled using the Adelmann equipment. In under a minute these end-of-life goods can be reduced to precision sorted valuable feedstock for re-use by various domestic manufacturers.
All ozone depleting substances (ODS) within the refrigerants and foam/insulating agents will be safely captured. The equipment ordered under this contract, running at capacity, will eliminate from the environment an estimated 22 million tonnes of CO2 equivalent annually by avoiding the release of ODS through intentional crushing or rusting out of discarded CFC-laden coolant and appliance foam/insulation at landfill sites.
A separate contract with another supplier will be providing the proprietary conversion equipment rendering the collected ozone depleting substances into a safe, value-added product thus avoiding third party burning.
This contract is valued at nearly $ 46 Million CAD.
The third party financing for the equipment was coordinated by Adelmann.
This equipment was ordered under the pre-existing option agreement.
Delivery is expected in 2011.
Adelmann has granted an exclusive right to GreenSafe for the use of their demanufacturing equipment in Canada.
Discussions are underway for exclusive rights in the United States as well.
I don't have pm
Investors want to see approval of compliance,then we will see pps move.
IMO
I would not be buying the stock if I didn't believe the funding was going to happen.
If you add 5 or 6 Goverment backed Solar contracts for 2000 Mega Watts,$5.00 to $15.00
Getting Longer !!
$3.00 to $5.00 BUCKS
Getting Longer !!
IMO
YES !!
HH has never tried to scam shareholders in many decades, in the capital markets. It is my opinion that he has never sold shares in BGMO even when the stock ran to $1.19. Don't believe everything you read on these boards.
Mr. Hillard Herzog, President & Director of Bergamo Acquistion Corp. has several decades of experience at an executive level in many NYSE listed clothing companies. Mr. Herzog has been involved in several successful start up businesses. He is a founder of Clothing Source, Inc. and Jayre of California, Inc. Mr. Herzog has served at a senior management level and took leadership role in various prestigious companies, including Van Raalte, Cluett Peabody, N.C.C. Industries, Inc. in the capacity of President, COO and other significant management positions. Mr. Herzog has introduced several innovative products in the lingere industry, which have become successful product line for Victoria Secrets and other retailers. Mr. Herzog has extensive experience in capital markets (including NYSE and AMEX) and mergers & acquisitions.
IMO
Still in stock because of SOLAR ENERGY.
The only difference is I have seen the stock RUN to .60 twice and $1.19 in last two years (BINGO)
And now that the first traunch of $25 Million USD is now available and a commitment of another $75 million, a $ 1.19 will look very cheap soon.
Thanks for reminding me, just how good this stock has been, and how bright the future is now that HH has raised the first $25 MILLION !!!!!!!!!!!
IMO
Keep eyes open.
Do you know these two guys.
Salim Chamdia and Haseeb Fatani, both Vice Presidents of Bergamo
Tuesday, 30 Mar, 2010
President Asif Ali Zardari chairing a presentation by Ministry of Water and Power on alternate energy at Aiwan-e-Sadr. - Photo by APP. National
The monster of loadshedding has become a year-round phenomenon for the people of this country. Apart from electricity, the country has also begun to witness gas loadshedding over the last few years, as demand for natural gas shoots up during the winter months.
Hence the need to focus on a workable national policy to promote alternative and renewable energy cannot be stressed enough if we wish to rid ourselves of power shortages and the precarious dependence on dwindling fossil fuels. Similar sentiments were expressed at a conference held to mark Earth Day in Karachi. Sindh’s information technology minister said that Pakistan’s energy system was “inefficient and incapable of meeting the present and future energy requirements; therefore, there is a need to tap alternative energy resources”. The conference was also told that the country’s energy needs will double in 20 years and dependence on fossil fuels could not meet Pakistan’s requirements in a sustainable manner.
Though this is not new information for those aware of how truly dire the energy situation is, such statements serve as timely reminders, particularly to the government and its planners, that considerable effort to tap alternative energy resources is required if a crisis of devastating proportions is to be averted. This means moving beyond presenting papers at conferences and press statements, and focusing on practical steps that promote the production of renewable energy. There has been some positive movement in this regard at the official level. The government has finalised a scheme to provide financing for the establishment of small renewable energy power projects while an alternative and renewable energy policy is also being prepared. Let us hope these schemes facilitate the eventual switch from polluting conventional fuels to renewable sources of energy. Renewable energy is plentiful here. It is just a question of harnessing it
You know everything,you figure it out
I don't think Bergamo will bring out news until EVERYTHING is complete,including money in the bank and signed goverment contracts.
ALL IMO
Traveling right now,don't have my contact list
Send me a Email.
News soon
IMO
HH is still in India.
There are no competitors for Greensafe in North America
Greensafes Sate Of The Art Technology is one of a kind in North America.
I'm hearing what was said in the news release.
I get my info. from aston LOL!!!
Has your friend been in the stock for 6 years ?
If you believe your sources you should sell and move on.
This is what I'm hearing,I will make more comments after news is out.
It is important to note that previous announcements concerning the Pakistani Energy Projects are still valid. The Company, through Mr. Herzog, would like to positively state that all prior announcements regarding funding of the energy projects as well, as the Company's overall involvement in these energy projects, will be followed through to completion. Again, the Company, through Mr. Herzog, would like to positively state that these energy projects will be funded and completed without delay.
All of other acquisitions are still in place as well. These include GreenSafe Demanufacturing Inc., Suntrough Energy Inc., and the Mobile Software Technologies company from Japan.
I'm expecting news sometime in the coming week.
Everything I am hearing is very good.HH is still overseas working very hard on behave of the shareholders.(someone should tell him to work a little harder on the market,but I think that will happen when the deals are all closed.)
Once we see the first pr I think we will see many more shortly after,this statement was in the last pr.
The Bergamo team is aggressively working on other projects and will be updating investors as developments are confirmed
IMO
March 17th, 2010 Mr. Peter Swire, CMA, offered the following comments in response to questions fielded by the Town of Caraquet regarding the issue of the zoning and prospective use of the land within the Industrial Park.
The dispute between the Town of Caraquet and the Province of New Brunswick over whether or not the Town can use any land within the existing industrial park for industrial concerns is the key issue affecting GreenSafe Demanufacturing Inc (GreenSafe).
The acquisition of the underutilized farmland by the Town took place over 40 years ago. About a decade ago the land was grubbed and filled with sandstone to meet the approved zoning standards for an industrial park. These changes were made before the recent wetlands regulations were enacted in 2002.
The land in question was never a wetland as it sits 70 feet above sea level on top of a coastal plateau. The physical inspection by GreenSafe and statements made to the Company by Town officials, and the local planning office bears this out. The Minister of the Environment and his senior staff were provided with photographic evidence in January 2010 showing the condition and uses of the site as far back as 1955. There wasn’t any evidence of surface water or watercourses.
This development issue affects not only the entirety of the Caraquet -owned industrial park, both north and south of the former railway right-of-way,it affects as well the industrial parks in nearby Tracadie and Shippagan.
GreenSafe is fully committed to the EIA process which covers all aspects of the demanufacturing process and the impacts on local traffic and noise. The issue of the use of the land is independent of the EIA process.
The most prudent solution to the issue of the zoning and use of the lands within the industrial parks of the entire Acadian Peninsula is for a grandfathering of all sites prior to the promulgation of the regulations. This will allow for orderly development of new businesses in the North. We believe that the Minister of the Environment has the statutory authority to do so.
For commercial reasons, GreenSafe will require a resolution of the land use question by the end of March 2010. If a satisfactory resolution between the Town of Caraquet and the Province is not achieved by that date, it is most probable that GreenSafe will construct its first facility in another province. The change of locations will not, in any way, make any change to GreenSafe’s commencement date of full operations or to its profitability.
Suntrough Energy also leverages its experience in constructing, owning and operating power plants to offer TURNKEY solutions to utilities, water districts, and industrial customers looking to diversify and complement their existing generation portfolio with compact solar thermal generation. Installations come in 5 MW modular units offering customers the benefits of emissions-free, renewable power either as a stand-alone plant or as clustered identical modules to provide larger utility scale generation. Suntrough Energy will be the leading supplier of renewable electricity and clean drinking water to millions of people inhabiting urban and rural areas across the globe.
No lack of funding here !!!
Under the terms of the LOI, the Lebanese government will provide 100% of the total finance package. Bergamo E & A will be responsible for the technical know-how and will provide a turn-key operation for the government of Lebanon under the terms of the LOI and the letter of credit to be issued by the Lebanese government to support Bergamo activities and its involvement in the project.
The Letter of Credit will be issued to Bergamo E & A, the wholly owned subsidiary of Bergamo Acquisition Corp. It should be noted that Bergamo will not be required to find a lender or finance source for the project. It should be also be noted that all of the terms have already been agreed to in advance of this meeting. This meeting is to formalize understandings and move forward between Bergamo E & A and the Government of Lebanon.
Lebanon news this week.
Bergamo Acquisition Corp. (OTC Pink Sheets: BGMO) is pleased to announce a new solar power project for the Republic of Lebanon. This week Bergamo key management will travel to Lebanon to conclude the Letter of Intent ("LOI") with the Government of Lebanon. Attending this meeting on March 11, 2010 for Bergamo will be Salim Chamdia and Haseeb Fatani, both Vice Presidents of Bergamo E & A. Attending the meeting for Bergamo subsidiary Suntrough Energy, Inc. will be Fazal Chaudhry. The total cost for the project will be USD $500 Million. Under the terms of the LOI, the Lebanese government will provide 100% of the total finance package. Bergamo E & A will be responsible for the technical know-how and will provide a turn-key operation for the government of Lebanon under the terms of the LOI and the letter of credit to be issued by the Lebanese government to support Bergamo activities and its involvement in the project.
The Letter of Credit will be issued to Bergamo E & A, the wholly owned subsidiary of Bergamo Acquisition Corp. It should be noted that Bergamo will not be required to find a lender or finance source for the project. It should be also be noted that all of the terms have already been agreed to in advance of this meeting. This meeting is to formalize understandings and move forward between Bergamo E & A and the Government of Lebanon.
For most of the past two weeks, Bergamo President and CEO Hillard Herzog has been overseas in connection with the agreement with Esoft Informatics Private Ltd. The Company anticipates an announcement on that funding shortly. Mr. Herzog's travels are total and apart from the project in Lebanon as announced in this release today.
The Bergamo team is aggressively working on other projects and will be updating investors as developments are confirmed
Funding Agreement with Esoft Informatics Private Ltd.
The Funding Agreement with Esoft Informatics Private Ltd. originally announced on January 12, 2010, has been renegotiated. Mr. Herzog met in India with Mr. Vivek Sinha, the President of Esoft Informatics Private Ltd. to conclude the agreement.
These energy projects will be funded and completed without delay.
It's my opinion that the Lebanese media will be all over this story when it breaks,this will be a huge deal for a small country and a huge deal for a small company like BGMO.