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This is comming from the guy who recommend sell at.10
you have no credibility here enjoy your crow for dinner tonite.LOL!!!!!!
Quote Regarding Closing of $1 Billion USD Funding:
“The Company currently expects to close on this transaction during the European visit next week.”
State Department energy coordinator to visit Pakistan soon
WASHINGTON (October 08 2009): David Goldwyn, the State Department's co-ordinator for international energy engagement, will lead later this month a government team for a dialogue with the Pakistani Government on energy policy and investment. Secretary of State, Hillary Clinton told newsmen in a joint appearance with Pakistani foreign minister, Shah Mahmood Qureshi that the US team would focus on addressing Pakistan's chronic energy shortfalls.
1 more buisness day and HH is off to Europe to land the big one.!!!!!!!!
Trade Alert: Bergamo Acquistion Corp (OTC: BGMO) – News Out – Company Expects to Close $1 Billion USD Funding Next Week
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.
Government working on alternate sources of power generation: Shahbaz
RECORDER REPORT
LAHORE (October 09 2009): The Punjab Chief Minister, Muhammad Shahbaz Sharif, has said that Punjab government is working on alternate sources of power generation and investors are being fully encouraged for this purpose. He said that there were large reserves of high-grade coal in the province and special attention was being paid to generate energy from coal.
He said that Punjab Coal Mining Company had also been set up in this regard. He said that all projects of power generation with coal would be completed expeditiously and transparently. He was talking to foreign investors with regard to co-operation in coal gasification projects, here Thursday. Additional Chief Secretary, Secretary Mines, Managing Director Pepco, Vice Chairman Punjab Investment Board, experts and officers concerned were present on the occasion.
Talking to the foreign investors, the Chief Minister said that Punjab had coal reserves of about 235 million metric tons and plants could be set up for generation of energy from coal. He said that Punjab government would set up projects of generation of power from coal in Dera Ghazi Khan and Chakwal. He said that coal would be acquired for D.G. Khan project from Balochistan while there were coal reserves in Chakwal
CNBC NICE!!!!!!
Update on the $100 million domestic financing.
Also, while in Europe next week, Mr. Herzog will meet with the lenders of the previously announced $100 Million USD domestic financing. This domestic financing is not connected to the Pakistani energy projects. Updates to investors on this funding will be announced shortly
Goverment of Pakistan has never defaulted on a sovereighn guarantee ever.
Quote Regarding Closing of $1 Billion USD Funding:
“The Company currently expects to close on this transaction during the European visit next week.”
By the time money is put up,you won't be able yo buy the stock under $3 bucks
By the time money is put up,you won't be able yo buy the stock under $3 bucks
you must invest in a different world then me.this pr is huge news to investors.
new highs comming next week!!!!!!!!!!!
Sovereign Guarantee for Pakistani Energy Projects
Ticker Symbol: U:BGMO
LAS VEGAS -- (Business Wire) --
Bergamo Acquisition Corp. (PINK SHEETS: BGMO) announced today that the Company is in receipt of a copy of the Sovereign Guarantee for the Pakistani Energy Projects. Included in the Sovereign Guarantee will be the two energy projects from the Company's wholly owned subsidiary, Bergamo E & A. These include a clean coal energy plant and a series of solar power generating projects. All projects total approximately $1 Billion USD, and it is the payment of the energy that is guaranteed by the Pakistani Government in the Sovereign Guarantee. The terms and conditions of the Sovereign Guarantee are anticipated to be acceptable to the investment group.
On Monday, October 12, 2009, Bergamo Acquisition Corp. President and CEO, Hillard Herzog, will be traveling to Europe to finalize arrangements for the projects. Mr. Herzog has his first meeting on Tuesday regarding the Pakistani Energy Projects. The Company currently expects to close on this transaction during the European visit next week. Investors should note that a transaction of this size and complexity can still be delayed, however, at this time, the Company sees nothing that will slow or halt the process. Shortly after closing, the investment group will release $1 billion USD to Bergamo E & A and the projects will commence.
A faxed copy of the draft Sovereign Guaranty can be seen at: http://www.bergamocorp.com/?p=214
Earlier this week, Bergamo posted documents from the Pakistani Government also discussing the Sovereign Guarantee. Those can be found here: http://www.bergamocorp.com/?p=202
Also, while in Europe next week, Mr. Herzog will meet with the lenders of the previously announced $100 Million USD domestic financing. This domestic financing is not connected to the Pakistani energy projects. Updates to investors on this funding will be announced shortly.
Certain statements contained in this document may constitute "forward-looking statements." When used in this document, the words "may," "would," "could," "will," "intend," "plan," "anticipate," "believe," "estimate," "expect," "investigate," "looking at" as they relate to Bergamo Acquisition Corp. or its management, are intended to identify forward-looking statements or information. Such forward-looking statements include, among others, the expectations or claims, as applicable, that: (i) Bergamo E&A will successfully develop power projects in Pakistan. Such statements or information reflect Bergamo E&A's current views with respect to future events and are subject to certain risks, uncertainties and assumptions. Forward-looking statements and information are necessarily based upon a number of estimates and assumptions that, while considered reasonable by management, are inherently subject to significant business, economic and competitive uncertainties and contingencies. Many factors could cause Bergamo E&A's actual results, performance or achievements to be materially different from any future results, performance or achievements that may be expressed or implied by such forward-looking statements or information, including among other things, those risk factors which are discussed elsewhere in documents that Bergamo E&A files from time to time with securities regulatory authorities. Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward-looking statements or information prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, believed, estimated or expected. Bergamo Acquisition Corp. expressly disclaims any intention or obligation to update or revise any forward-looking statements and information whether as a result of new information, future events or otherwise. All written and oral forward-looking statements and information attributable to us or persons acting on our behalf are expressly qualified in their entirety by the foregoing cautionary statements.
CONTACT
Bergamo Acquisition Corp.
Hillard Herzog, 702-269-0820
President & CEO
hillardbergamo@aol.com
www.BergamoCorp.com
or
Investor Relations:
Quarterback Investor Relations
John Pentony, 972-292-8930
President
John@QuarterbackIR.com
or
The Eversull Group, Inc.
Jack Eversull, 972-378-7917 or 972-571-1624
President
jgmaxie@theeversullgroup.com
Power system faces 2,612 megawatts shortfall
ISLAMABAD (October 07 2009): The Ministry of Water and Power has said that due to hot weather, there was a gap between demand and supply of power in the country. In a press release here, it said that currently the total power generation was 12518 MW, while the demand was 15130 MW. Thereby making power shortfall of 2612 MW. It also said that 640 MW power was supplied to Karachi Electric Supply Corporation (KESC).
Bergamo Acquisition Corp. Announces One Billion Dollar Investment in Subsidiary Bergamo E & A
Ticker Symbol: U:BGMO
LAS VEGAS -- (Business Wire) --
Bergamo Acquisition Corp. (OTC Pinksheets: BGMO) has entered into a contract with LondonWall Investments Ltd. for a $1 Billion USD equity investment into Bergamo's wholly owned subsidiary, Bergamo E & A, a Pakistani Corporation. The investment will fund the previously announced energy projects in Pakistan, including the clean coal plant and a series of solar projects. This investment comes as a direct result of the Government of Pakistan�s issuance of its Sovereign Guarantee to Bergamo E & A for the purchase price of all of the energy to be produced by the projects and for the absolute guarantee of payment for the energy produced by the projects. It should be noted that the Government of Pakistan has never failed to pay an obligation backed with its Sovereign Guarantee.
It is through the Sovereign Guarantee that LondonWall Investments Ltd. has agreed to the funding of Bergamo E & A in the amount of $1 Billion USD. The total value of the energy to be produced by the projects through the contract period is approximately $2 Billion USD, which represents the approximate value of the Sovereign Guarantee.
In place of the previous funding arrangements, Bergamo E & A obtained Pakistan�s Sovereign Guarantee. With that Sovereign Guarantee in place, it was determined that the best alternative for all parties concerned was to use the Sovereign Guarantee for investment purposes. In consideration for the $1 Billion USD investment, LondonWall Investments Ltd. will receive 5% of all gross revenues generated by the energy projects in perpetuity and 5% of all gross revenues from ventures funded with this investment. Additionally, LondonWall Investments Ltd. will share in 50% of the profits from any projects funded through this investment. There are no restrictions on the use of the funds.
Bergamo Acquisition Corp also announced the vendors that will be participating in the energy projects. An agreement has been reached with Shabaz Coal Energy Company to build the clean coal plant in the Province of Sindh in Pakistan. The solar projects in Pakistan will be handled by Suntrough Energy Pakistan Ltd.
Final arrangements are being made with the Government of Pakistan for the energy projects. Once the Government of Pakistan confirms the $1 Billion USD investment into Bergamo E & A, the Government will enter into a contract on these projects as outlined in the Letters of Intent signed in July. Bergamo CEO, Hillard Herzog, commented, "I am very pleased with the results of our negotiations. Twenty-one days were spent in Pakistan in July making certain that we had absolutely everything we needed to get this deal done. Shareholders should note that this is an equity investment into our subsidiary, Bergamo E & A. The use of the sovereign guarantee makes no repayment of the obligation and no issuance of shares of common stock or warrants. We will keep shareholders informed of material events regarding the progress of these projects."
The next steps in this process include the following: (1) Bergamo and the investor will prove to the satisfaction of the Pakistan Government that the $1 Billion USD is available for the project to commence; (2) the Pakistan Government will enter into contract on the clean coal and solar energy projects as outlined in the Letters of Intent; (3) the projects will be funded and construction will commence. The clean coal energy project is contracted to be completed within 14 to 18 months upon signing of the contract with the Pakistan Government. The first of the solar energy projects is expected to be online in approximately nine months following the signing of the contract with the Pakistan Government.
Certain statements contained in this document may constitute "forward-looking statements." When used in this document, the words "may," "would," "could," "will," "intend," "plan," "anticipate," "believe," "estimate," "expect," "investigate," "looking at" as they relate to Bergamo Acquisition Corp. or its management, are intended to identify forward-looking statements or information. Such forward-looking statements include, among others, the expectations or claims, as applicable, that: (i) Bergamo E&A will successfully develop power projects in Pakistan. Such statements or information reflect Bergamo E&A's current views with respect to future events and are subject to certain risks, uncertainties and assumptions. Forward-looking statements and information are necessarily based upon a number of estimates and assumptions that, while considered reasonable by management, are inherently subject to significant business, economic and competitive uncertainties and contingencies. Many factors could cause Bergamo E&A's actual results, performance or achievements to be materially different from any future results, performance or achievements that may be expressed or implied by such forward-looking statements or information, including among other things, those risk factors which are discussed elsewhere in documents that Bergamo E&A files from time to time with securities regulatory authorities. Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward-looking statements or information prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, believed, estimated or expected. Bergamo Acquisition Corp. expressly disclaims any intention or obligation to update or revise any forward-looking statements and information whether as a result of new information, future events or otherwise. All written and oral forward-looking statements and information attributable to us or persons acting on our behalf are expressly qualified in their entirety by the foregoing cautionary statements.
CONTACT
Bergamo Acquisition Corp.
Hillard Herzog, President & CEO, 702-269-0820
hillardbergamo@aol.com
www.BergamoCorp.com
or
Investor Relations:
Quarterback Investor Relations
John Pentony, President, 469-252-3030
John@QuarterbackIR.com
or
The Eversull Group, Inc.
Jack Eversull, President, 972-378-7917
jack@theeversullgroup.com
Yes it is.
$1 Billion USD equity investment into Bergamo's wholly owned subsidiary, Bergamo E & A, a Pakistani Corporation
Here is a old basher,beelzebub told shareholders to sell at .10 how much egg do you have on your face LOL!!!!!!!!!
I will answer the question one more time,if you do not understand you should not be investing in this stock or any stock.
The sovereign guarantee gets Bergamo $1 billion with no dilution, 50 million shares outstanding equals $20 a share simple math no rocket science here.
How is it possible that you're not understanding my point?
This is what the investors want in place to put up the $1 billion,do your duedilgence before making comments.
The sovereign guarantee gets Bergamo $1 billion with no dilution, 50 million shares outstanding equals $20 a share simple math no rocket science here.
The sovereign guarantee is what the ivestors want who are putting up the $1 billion
Posted October 7: Draft of the Sovereign Guarantee
This link shows a draft of the Sovereign Guarantee. This is a draft subject to change. Released October 7, 2009 at 12:06 PM ET
$1 billion dollars
50 million shares outstanding
no dilution to the stock with financing, equals
$20 dollars a share, simple math.
mainstream media comming soon
Add a $100 million dollar domestic financing.
Add a aquisition in the financial service.
The next two weeks are going to be very exciting.
GLTA
New on wedsite
This is huge.
Posted October 7: Draft of the Sovereign Guarantee
This link shows a draft of the Sovereign Guarantee. This is a draft subject to change. Released October 7, 2009 at 12:06 PM ET:
VIEW THE DOCUMENT
Once in a lifetime opportunity for investors.
Power system faces 2,612 megawatts shortfall
ISLAMABAD (October 07 2009): The Ministry of Water and Power has said that due to hot weather, there was a gap between demand and supply of power in the country. In a press release here, it said that currently the total power generation was 12518 MW, while the demand was 15130 MW. Thereby making power shortfall of 2612 MW. It also said that 640 MW power was supplied to Karachi Electric Supply Corporation (KESC).
Nothing public on the itinerary yet.
after next week good days comming for BGMO shareholders.
Plans are now for Mr. Herzog to travel to Europe next week to complete final negotiations for the investment. As stated in a press release of September 22, 2009, the Company expects to be able to announce the completion of the agreements and the funding shortly now that the investor has been supplied with proof of the Sovereign Guarantee.
sovereign guarantee
Definition
Government's guarantee that an obligation will be satisfied if the primary obligor defaults.
This is not just another letter..
No totally separate.
Looking for news on the $100 million soon.
Blockbuster News on BGMO – Just Released:
Pakistani Government Confirms in Writing the Sovereign Guarantee for Bergamo’s $1 Billion USD Pakistani Energy Projects
Bergamo Makes Two Letters Available on the Bergamo Corporate Web Site
Las Vegas, NV-October 5, 2099-Bergamo Acquisition Corp. (Pink Sheets OTC: BGMO) announced the receipt of two letters regarding the Pakistani Energy Projects. The first letter dated October 1, 2009, from the Sindh Board of Investment for the Province of Sindh in Pakistan refers to the $1 Billion USD investment in the power sector for the Province of Sindh. The purpose of the letter was to forward the second letter confirming the Sovereign Guarantee for the $1 Billion USD projects from the Pakistani Government’s Board of Investment, part of the Ministry of Investment for Pakistan. The letter states, “I am pleased to confirm that the power purchased by the Government of Pakistan through PEPCO/NTDC is backed by the sovereign guarantees of the Government of Pakistan.” The letter is signed by Shabir Riaz for Mr. Arif Elahi, Secretary, Sindh Board of Investment for the Government of Sindh.
Hillard Herzog, President and CEO of Bergamo Acquisition Corp, commented, “I am very excited that we now have in our hands the confirmation of the Sovereign Guarantee for the investor. This means we can immediately move forward on closing this investment and get these projects funded and started.”
Plans are now for Mr. Herzog to travel to Europe next week to complete final negotiations for the investment. As stated in a press release of September 22, 2009, the Company expects to be able to announce the completion of the agreements and the funding shortly now that the investor has been supplied with proof of the Sovereign Guarantee.
These documents are available for viewing on the Bergamo web site at:
http://www.bergamocorp.com/?p=198
$1 billion dollars
50 million shares outstanding
no dilution to the stock with financing, equals
$20 dollars a share, simple math.
mainstream media comming soon
Add a $100 million dollar domestic financing.
Add a aquisition in the financial service.
The next two weeks are going to be very exciting.
GLTA
Blockbuster News on BGMO – Just Released: Pakistani Government Confirms in Writing the Sovereign Guarantee for Bergamo’s $1 Billion USD Pakistani Energy Projects
Written by John Pentony on October 5, 2009
Blockbuster News on BGMO - Just Released: Pakistani Government Confirms in Writing the Sovereign Guarantee for Bergamo's $1 Billion USD Pakistani Energy Projects Bergamo Makes Two Letters Available on the Bergamo Corporate Web Site Las Vegas, NV-October 5, 2099-Bergamo Acquisition ...
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StockGuru Blog
Pakistani Government Confirms in Writing the Sovereign Guarantee for Bergamo's $1 Billion USD Pakistani Energy Projects
Bergamo Makes Two Letters Available on the Bergamo Corporate Web Site
LAS VEGAS, Oct 05, 2009 (BUSINESS WIRE) -- Bergamo Acquisition Corp. (Pink Sheets: BGMO) announced the receipt of two letters regarding the Pakistani Energy Projects. The first letter dated October 1, 2009, from the Sindh Board of Investment for the Province of Sindh in Pakistan refers to the $1 Billion USD investment in the power sector for the Province of Sindh. The purpose of the letter was to forward the second letter confirming the Sovereign Guarantee for the $1 Billion USD projects from the Pakistani Government's Board of Investment, part of the Ministry of Investment for Pakistan. The letter states, "I am pleased to confirm that the power purchased by the Government of Pakistan through PEPCO/NTDC is backed by the sovereign guarantees of the Government of Pakistan." The letter is signed by Shabir Riaz for Mr. Arif Elahi, Secretary, Sindh Board of Investment for the Government of Sindh.
Hillard Herzog, President and CEO of Bergamo Acquisition Corp, commented, "I am very excited that we now have in our hands the confirmation of the Sovereign Guarantee for the investor. This means we can immediately move forward on closing this investment and get these projects funded and started."
Plans are now for Mr. Herzog to travel to Europe next week to complete final negotiations for the investment. As stated in a press release of September 22, 2009, the Company expects to be able to announce the completion of the agreements and the funding shortly now that the investor has been supplied with proof of the Sovereign Guarantee.
These documents are available for viewing on the Bergamo web site at:
http://www.bergamocorp.com/?p=198
Certain statements contained in this document may constitute "forward-looking statements." When used in this document, the words "may," "would," "could," "will," "intend," "plan," "anticipate," "believe," "estimate," "expect," "investigate," "looking at" as they relate to Bergamo Acquisition Corp. or its management, are intended to identify forward-looking statements or information. Such forward-looking statements include, among others, the expectations or claims, as applicable, that: (i) Bergamo E&A will successfully develop power projects in Pakistan. Such statements or information reflect Bergamo E&A's current views with respect to future events and are subject to certain risks, uncertainties and assumptions. Forward-looking statements and information are necessarily based upon a number of estimates and assumptions that, while considered reasonable by management, are inherently subject to significant business, economic and competitive uncertainties and contingencies. Many factors could cause Bergamo E&A's actual results, performance or achievements to be materially different from any future results, performance or achievements that may be expressed or implied by such forward-looking statements or information, including among other things, those risk factors which are discussed elsewhere in documents that Bergamo E&A files from time to time with securities regulatory authorities. Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward-looking statements or information prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, believed, estimated or expected. Bergamo Acquisition Corp. expressly disclaims any intention or obligation to update or revise any forward-looking statements and information whether as a result of new information, future events or otherwise. All written and oral forward-looking statements and information attributable to us or persons acting on our behalf are expressly qualified in their entirety by the foregoing cautionary statements.
SOURCE: Bergamo Acquisition Corp.
CONTACT:
Bergamo Acquisition Corp. Hillard Herzog, President & CEO, 702-269-0820 hillardbergamo@aol.com www.BergamoCorp.com or Investor Relations: Quarterback Investor Relations John Pentony, President, 972-292-8930 John@QuarterbackIR.com or The Eversull Group, Inc. Jack Eversull, President, 972-378-7917 jack@theeversullgroup.com
Copyright Business Wire 2009
-0-
KEYWORD: United States
Pakistan
Asia Pacific
North America
Nevada
INDUSTRY KEYWORD: Energy
Alternative Energy
SUBJECT CODE: Contract/Agreement
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Congradulations to Hillard anad all the staff at Bergamo,they have delivered the big one to shareholders,the sovereign guarantee,gives Bergamo $1 billion in cash.
$1 billion dollars
50 million shares outstanding
no dilution to the stock with financing, equals
$20 dollars a share, simple math.
mainstream media comming soon
Add a $100 million dollar domestic financing.
Add a aquisition in the financial service.
The next two weeks are going to be very exciting.
GLTA
Reality breakout comming
$1 billion dollars
50 million shares outstanding
no dilution to the stock with financing, equals
$20 dollars a share, simple math.
mainstream media comming soon
Add a $100 million dollar domestic financing.
Add a aquisition in the financial service.
The next two weeks are going to be very exciting.
GLTA
Over 3,500 megawatts power to be generated from Thar coal: Prime Minister
ISHFAQULLAH SHAWL
ISLAMABAD (October 03 2009): Prime Minister Yousuf Raza Gilani has said that the government plans to generate electricity from Thar coal reserves, and within a span of three years more than 3500 megawatt electricity would be generated from this project. "Thar Coal has reserves of over 185 billion tons; besides electricity. It will also be a source of diesel and help reduce POL import bill", the Prime Minister said in a policy statement on energy crisis in the Senate on Friday.
This important natural resource has been completely ignored during the last 62 years and the nation was deprived of an opportunity to develop it, he said. He said that the present government has constituted Thar Energy Development Board (TEDB) for one-window operation for investors, with Chief Minister of Sindh as its chairman.
Sovereign Guarantee
IMO The sovereign guarantee is the most important thing Bergamo is doing,the sovereign guarantee gives Bergamo $1billion cash.
Let's cross are fingers this weekend and hope Hillard can deliver the Sovereign guarantee,to the shareholders.IMO this will give Bergamo a $10 to $20 share price,then add on eveything else Bergamo is doing,the sky is the limit.
GLTA
Pepco loses power generation by 1,000 megawatts in five days
M RAFIQUE GORAYA
LAHORE (October 02 2009): The Pakistan Electricity Power Company (Pepco) has lost power generation by 1,000 MW in just five days without assigning any reason for this national loss. It may be recalled that Pepco produced 13,582 MW electricity on last Saturday (26th September) whereas its total hydel and thermal power generation was 12,563 MW on Thursday, 1st October 2009.
The Ministry of Water and Power that has taken upon itself to brief the nation about the daily power situation too did not give any justification or cause for this enormous reduction in power generation, which is bound to slow down industrial and agriculture production.
It is worth mentioning that due to decrease in temperature the demand for electricity has come down by more than 1,000 MW (from 16,000 to 15000 MW). Had the Pepco maintained its September level of power generation, there would have been a nominal shortfall of 1000 to 1500 MW affects of which could have been off set by better power management rather than four to five hours daily load shedding.