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The wining of tiny shareholder, who can not handle their greed, starts ,-) Friends, everybody is responsible for himself. But of course it is great and helps a lot to close the eyes: Personal unabilities to handle such volatile and highly dangerous stocks should always be transfered to another person who has to play the bad guy LOL
If you invest into a pinksheet which has been up 1000% wihtin some days....it is your own stupidity to inevst all your money at the top of the peak.
Maybe all those grow up and learn a obvioulsy very neccessary lesson ! I am realy sorry for your losses but not for your blindness - this is your own fault!
Well, honestly said, it is difficult to answer this question.
On one hand Herzog seem to have had several LOI and aquisations in the - let's call it simple 'clothes market'. I am shure that he has this kind of business as he also has been using his Pakistan and India contacts. But as much as I understood, banks did not want give him a loan as they did not like to support this kind of business. It is also very difficult to know if BGMO made money based on those past deals as Herzog never delivered any reports as a pinksheet company. He juts delivered on tiny inofficial report for shareholder which proved that the compnay does not make those amounts he has promised before. Sorry, but this is definitve fact. On the other hand, we all know that sometimes business decitions might results in failures or wrong deicisions. and if Herzog did not receive any money from banks and investors for his clothing products, than - of course - he has to give up this idea. I believe that he finally decided to give up as also there are hundreds of producers of jeans, casual stuff, etc. I( assume he has been trying to buy clothes cheap from asia and sell them cheap to the rest of the word. But this idea is not new as well. Finally giving up the whole buasiness and concentrate on something new to build up shareholder value, is the best decision he did.
I never blamed Herzog for this failure in this kind of business - I blamed him for the intransparence to shareholder who have been trusting in all those wonderful sounding news releases. But maybe there have not been many shareholder involved anyway, just some nuts like me who invest in a pinksheet just by the recommendation of another CEO who knows Herzog since his 'clothing efforts' ,-)
Revenues can only get real if you have bankls and investors who support you or you invest all money by yourself - but than you do not need a listed company but a private one only and you would not have to justify any personal decision to shareholder/investors.
I think the past of BGMO has been wishful thinking, a bit real business, tiny revenues and a totally empty bank account ,-)
BUT, of course or better said - I hope - all this problems have nothing to do with the current new story - based on the billion from London and the loan from India the world seems to open all doors to BGMO.
BTW, I believe Herzog did not make efforts to get back to OTC as there has not been reasoans to do so: The company has had no money and would not have been able even to pay the lawyers and the SEC etc. - and the compnay did not have real reveneues - so why efforts for going OTC? Would have cost money only and would not have made any sense.
By the way, sorry for my clumsy english .....I am neither from the States nor from another english speaking country. But nobody can state I do not try my best ,-)
Herzog should look for an internet medium more serious. Those b-talkradio guys might think they are funny, but real investors might avoid to listen to such level of web radios and presentation of a company.
ok....I accept to be the 'grandpa' here ....but I hope until I will be a real one I will be out of here with the million I hope to make here. Otherwise I would have to ask myself why I did accumulate for years and why I have had the patience in BGMO - especially a long time of frustration. Should be paid by BGMO
)))
break-even 0.11
I have bought BGMO years ago because I have got a hint by another CEo who knows Herzog very well. After soem talks I did believe Herzog must be trustworthy. After some additional DD my opinion seemed to be confirmed. The following time was very frustrating as all news releases have been sounding wonderful included millions of revenues coming - but nothing happed at all included the promise to go back to OTC - which did not happen either.
Nevertheless, based on my informations Herzog is an older investor and businessman who shall, as I have been informed, try to do a final big deal in his life.Guess he belongs to those businessman who can't stop doing what they did all there life. Thus getting BGMO on track might be his final 'baby' ; - )
Well, total frustration as well as overwhelming enthusiasm is never a good advisor: So I decided to watch the current development of BGMO with highest possible objectivity. Based on the current great news releases as well as based on my faith that Herzog in general is one of those trustworthy old-style-businessman - who might have done wrong here or there (but who doesn't ) - I honestly think all PRs and all deal etc. is for real. Herzog is not one of those PinkSheet-CEOs who usually end at the court or in jail ,-)
why the current story should not be for real? It is absolutely clever by Herzog to use his contacts to Pakistan and India in the very best way and try to deal with a part of the world where still some money can be made! And he is a friend of those goverments by his past function at those Bush-delegations. Simply smart to use those connections and to be one of the very first profiting by the lack of energy there or whatever else.
Additional: "To good to be real?" ? Well sometimes we might have the chance to be in one of those 10-bagger....and than we can not believe it that we did hit such a extremely seldom story ,-) (I would have loved to be one of the first investors of Microsoft in the 60th ,-)....)
Pakistan badly wants to compete with India as economical growth of India is unbelieveable - only compareable with China.
And do not forget......if the government of Pakistan will be able to strengthen the country with energy and thus the industry etc. - the Taliban loose more and more base as hope will come back to the people. Many terrorists only have so many sympathy in the public because the public is poor and not educated. The government of Pakistan does know this of course - and Herzog is been the right person at the right time!
Well, this is ' in short ,-) - my personal opinion.
I keep my shares till some dollar - and than I try to find out how greddy I still might be This might take a year.....but I do not care if I am holding 3.5 or 4.5 years. What all the others do I don't care !
dan888, I think you are wrong:
1. Pakistan will be in the focus of investors if things go well at BGMO - but until now justz gambler buy BGMO ! Why this fact is ignored here so much? Pakistan is not the reason at all as the goverments does also control the political situation.
2. I thought you all have been reading the release? Herzog has been in Pakistan and India many times since years - thats why he is well-known there and thats why he also receives money from the Bank of India. This means that Herzog , as the former leader of the economical delegation of Bush, has a very high reputation in Pakistan - I prefer to believe that Herzog will be the last person the government will kick into the ass with corruption and not paying their duty after they have received soalr stuff by BGMO.
3. I do not read that the deal with the Bank of India has anything to do with the deals at Pakistan: " This funding is separate and apart from the Pakistani Energy projects which wereannounced last week with the $1 billion USD equity investment. "
It would make sense to read releases well as wrong comments would harm the shareprice which is not in the interest of us all ! Herzog explicitely makes clear that this money from India has nothing to do with the Pakistan projects and will be used only for aquisations - maybe BGMO aquires a smaller solar player in the States to produce soalr panels by themselves - or wahtever !
fubken, I hold BGMO now since 3.5 years.....nobody here ever has shown his nose at this board before but one or two shareholder. 99% here included early duedilly came with the solar hyphe at BGMO. Holders? Big word for all those gambler who appeared here since last 4-5 months ! I post here since years and never receive a reply by one of those 'holders' and today those idiots call me basher because I have been careful after the failurwes of Herzog. Holders....... good joke
funken, sorry, but I believe you over estimate the interest of most of the pennystock gambler in the market if you believe they are interested in buy-back-news. the market is totally full of little gambler who do nothing but play with one single chance to make some 100%....and than they are out! you might be totally right that manipulation by MMs is part of this game here as well - this we know since years - but nevertheless pinkSheets are even another world than OTC stocks! You can't compare at all most of the player at this board here with those who invest or gamble with stocks on the regulare market. Of course the people sell even a buy-back-news or a grat news about a big name involved in BGMO now as the Karachi stock Exchange president. I even did not read one singel word here about tghis new director - which to me is a total priove that people here even do not get and are not interested at all in such important political and economical personalities of Pakistan involved in BGMO.
I believe the "1-Billion-Dollar-news" was THE news which mnade the stock run. I worry that other news lokk pale compared to this. So, I still believe it is profit taking and selling after the big news was out. I am even not shure we will see 1.50 here before October.
Stay in BGMO - of course - it's a really good story meanwhile. But market psychology is market psychology - even fundamental have changed into something promising, one can not ignore that profit taking is the first rule the market follows - especially at micros , pinks etc. These are gambling stocks as long as the price is at such low levels. The higher the price goes the more serious poeple invest into this stock and than volatility with spreads of 50% will turn into spread of maximum 5%-10%. 99% of the people at this board are no investors at all, they just hope to have found a 10- or 20-bagger after they might have had to suffer by lots of losses since the economical crisis started. I undersatnd their enthusiam - meanwhile I am a bit enthusiastic here as well . But nevertheless this stock is hot into both directions of the chart. With simple words: If you like, read my former post and accumulate at "reasonable" prices before the next run - which will come, no doubt! so, the chart will go north again after all scared gambler are out and hardboiled gambler with more gut even did not sell now. Those might sell than at 2.00
snortgoesthebull, thank for your friendly comment.
Well, I am just a speculator as others here as well. so I only cna make my thoughts without knowing more than others here. I just can recommend: This story got better than I thought by myself months and years ago. So I was happy to have had the gut to accumulate to lower my break-even.
So, if you try to get off your worries - just always keep some money in the background to use such unpleasant volatility after you have bogught -- at which level however. The question is: Do you like the story, do you truly believe in it and do you still have some extra coins for this 'play'. It is no problem to keep cool if you did not put all your eggs into this one basket art oney, but still have money for some more eggs for some accumulation - using this drop. within the next days maybe we will have three days where the shareprice might form a bottom - if you have money buy than only! Such a little bottom might prove that selling stopped. Not 100% shure but better than catching a falling knife!
The volume today is as usual but into the opposite direction - which means in my opinion that gambler get out by and by. Not MM are always the reason - of course gambler get out after hundreds of % increase!
As I just saw my worries have been right, we touched .70. Well, I believe we will close with .80 tonight and tommorrow with .70 - .75. till Friday the market might have carmed down and some buyers will use the low shareoprice to go into the wekend with the hope that next week the chart recovers. No a stupid idea IMO.
Additional: small gambler pee into their pants now watching very scared their gains going into the mud. This might end in a domino effect. Not very pleasing this idea taking into account that all of us loss those gains again. As we see one never can trust on good news - the stockmarket behaves often totally contrary to the hopes of marketmembers. Just trust experiences: What comes up - gets down....the faster it came up - the faster it gets down again. A unpleasnt but well-known stockmarket rule.
Pity!
Naked short selling could be a unpleasant option also. Still possible outside of the States!!! Dangerous on one hand for those NSS but on the other hand after this enormous increase of sharoprice within just some days, speculation on price decrease could be successful. However, who know. Small floats at micrcaps always force enormous volatility.
I m very astonished also !!! Obviously also here the old rule works :Selling on good news - especially after such increase of the shareprice.
So we see, even BGMO has money of more then $ 1 Billion and is only valued with 60 million - most of the buyers in the past week have been gambler who are not interested in BGMO as a company with potential. Hope we do not see .70 today
Based on my experience since years with pinkSheets it depents on several facts:
1. Does the compnay ahve all the papers together from the last yeas - so did they keep books properly while this PS period
2. How good are the lawyers and book keepers who prepare everything
3. How many layers are involved to force the whole story
4. How much money does it cost and does the compnay have this money (no doubt regarding BGMO!)
5. How many mistakes does the SEC find in those reports - as the SEC always does not only find mistakes always.....but they are very, very hardboiled regarding longterm PinkSheet companies as they check every tiny number!
6. How many reports have to be done - depents of course on how many years BGMO has been a pinksheet.
7. Other facts which often can not be foreseen.
The guess of duedilly it might take only 90 days, sorry, is a big illussion! I assume 8-12 months until BGMO is back on OTC or even longer for the AMEX !
I was anyway just wondering about the strange number of those shares BGMO intents to buy back. In gegereal: Buy back although the O/S is absolutly acceptable, is a very strange decision - in a positive way for shareholder of course. I assume Herzog intents to influence the shareprice by a lower number of outstanding shares for getting to the AMEX with an attractivly high shareprice for big investors. Well, all signs here mark going AMEX as I said already. You ware right, we will see, but things are looking much better than years ago and this is very pleasing.
Do you understand why this strange number of shares? Could this shares below to an insider insteed been part of the float? Just curious.
I told this board years ago thatmy sources told me that Herzog is planning to go AMEX and not just OTC ! Well, of course I was not able to really believe this for a long time after all those clothes-company-failures of BGMO in the past. But I am pleased to notice, that Herzog intents to this now as a solar company. It is getting time that Bergamo gets back to be noticed as a serious stock at a serious stock exchange!
From todays news release:
".....We will start the process to make Bergamo Acquisition Corp a fully reporting Company and move to the OTC Bulletin Board or higher." ...."
Who would have believed that the spread today is so extrem even the rise of price was enormous last days. You do well if you palces stops - better one time wrong with a stop insteed of 100 times without a stop.
Good luck
It is totally obvious that player make profit - which is totally understandable. 1st gains are great 2nd stock is still a PS - and so people treat BGMO like a PS, whatever BGMO has to offer.
Looks like your 40% is an example for others - might end in a unpleasant close tonight if news comes after the close.
Great. Post it with sources. Thanks.
Sorry, do honestly not want to rain on your parade....but for an 'ultimative' DD your two results are very very thin: 1st PEPCO does not mention deals/LOI/Intentions wit BGMO anywhere and 2nd the interview is just copied by aaj.tv
If this is the result of three days doing DD on reations in Pakistan - well,sorry, but lot of time waste for nothing.
This is, regarding personalities involved in BGMO, the best news at all! Well, this is enormously important!
Well, I seem to make the mistake to find intersting microcaps, but get in too early always. The problem is that those stock do not drop only from a reasonable valuation to a low price - their ongoing decrease makes it often very difficult to average down as one nevers knows where the mud starts you are falling in
I bought at .60 first as I thought this is far enough from all-time-high $ 2.00. But my mistake was that this all-time-high all been a all-time-hype without any value as $ 2.00 was much too high in the beginning of SPKL. So wrong thinking leads to wrong behaviour. Unfortunatley I only get into such stock with some bucks only and than increase my investement if a stocks falls. Well, could be a falling knife I touch - but if the story is really good and the market just does not want it as the story has not yet unfold, than for me this is enough reason to get in by and by with increasing amounts.
(Sorry for my clumsy english, I am a foreigner)
nice to see someone follows the posts here closely
Well, maybe you are right. But nevertheless such trading days harm the confidence of those little shareholder who fear about their small portfolios. So this or that small number of shares can harm the price 'unfriendly' also in near future. Don't forget that shareholder might have another 6 - 12 months of patience until anything happens which stops worries about economy in general and investments - especially in microcaps.
I have been accumulating weeks before at .17 and .18. Stopped it for a while as I have an enormous bunch of shares meanwhile, but still my break-even is .32. Thus, IF we see .10 I will give it a try a very last time - but only than, as I did put enough eggs into this basket already.... and already very dangerous.
close to all-time-lows
nevertheless it hurts to see the price falling by and by. no real reason but I guess the focus of players and investors are somewhere else but here until next year. Hope the drop will end at .10. Otherwise I start to be scared.
Thanks! Think so too, just small player here.
anybody here who has been able to pick 100k or more before the run? Just curious about the share structure of this bullboard.
Do I understand right? New LOI'S by the same parties and another trip to London at August 12 to collect another billion? Or is it a deja vu by Herzog
August 3, 2009 - 7:11 AM EDT
Bergamo Corp¿s Wholly Owned Subsidiary Bergamo E & A Receives Two Signed Letters of Intent from the Government of Pakistan
Bergamo Corp’s Wholly Owned Subsidiary Bergamo E & A Receives Two Signed Letters of Intent from the Government of Pakistan
Bergamo Corp is on Track to Close Financing of the Previously Announced Pakistani Energy Projects in Days
Hillard Herzog, the President of Bergamo Acquisition Corp (Pink Sheets: BGMO) and its wholly owned subsidiary, Bergamo E & A, announces the completion of negotiations with the Government of Pakistan. Bergamo E & A received two signed letters of intent (“LOI”) from the Government of Pakistan through designated governmental agencies. Financing for the Pakistani energy projects will be completed as previously announced based on the LOI’s.
The first LOI is with Pakistan’s Alternative Energy Board. That LOI addresses Bergamo’s proposed solar energy project. The second LOI is with The Pakistan Electric Power Company (Private) Limited (“PEPCO”) covering the 540 megawatt clean coal energy rental project. Both LOI’s provide for advance payment to Bergamo E & A for a portion of the energy to be produced. In addition, the Government of Pakistan will provide its sovereign guarantee securing the purchase and payment of power pursuant to the LOI’s as outlined in the agreements.
Details will be disclosed upon the return of Hillard Herzog from Pakistan. His arrival back in the United States is anticipated for August 5, 2009. Full details of the financing required to complete these projects will be released at that time. On Tuesday, August 12, 2009 Mr. Herzog will travel to London, England to close on the financing of the projects. The release of funds is to come immediately thereafter.
Sohail Parekh, the Chairman and Managing Director of Bergamo E & A Corporation would like to place on the record the cooperation and assistance the company received from the Government of Pakistan. The delegation on behalf of the Government of Pakistan included the President of Pakistan Mr. Asif Ali Zardari, Sindh Chief Minister Qaim Ali Shah, Raja Pervaiz Ashraf, Federal Minister for Water and Power, Waqar Ahmed Khan, the Federal Minister for Investments and Mr. Tariq Puri, Federal Secretary, Board of Investments.
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.
Bergamo Acquisition Corp.
Hillard Herzog, President & CEO, 702-269-0820
Email: hillardbergamo@aol.com
Web: www.BergamoCorp.com
or
Investor Relations:
Quarterback Investor Relations
John Pentony, President, 469-252-3030
Email: John@QuarterbackIR.com
or
The Eversull Group, Inc.
Jack Eversull, President, 972-378-7917
Email: jack@theeversullgroup.com
Got it GLTY
Such moves look very promising as obvioulsy people are waiting for getting in a bit lower. Good support for the chart today. Maybe the week end with still a nice plus. : - )
you hold shares but you make comments at this promising level of shareprice which would scare people out of the stock within hours? And you are still holding although you believe BGMO will be at .30 in four months?
How do you call this interesting kind of trading or investing LOL
let's hope that manipulation does not start, could make many small players very scared and the reactions of those would not be funny.
fallback, I assume you are american - I am not. But I know that Herzog has been the leader of the business delegation of asia under the leadership of President Bush! How old? Normally I would say, what a strange question. Are we invbesting in youngsters or grandpas?
if you want you always can compare the worst with the best and get scared
LOL
...and something else: Do you know what it´would mean to print false documents with stamps and signs of members of the pakistan government at the website of BGMO?
I am critical but I do not go so far to believe Herzog is sucjh an idiot to prepare his business death