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Silverlining, you assumed that HSBC refers to the bank many individuals are acquainted.
In this case, however, it stands for:
Herzog's Shareholders Been Conned!
IT'S A SCAM!
Let's see. Herzog could have chosen:
A. Spend 10,000 bucks on an audit and if he's telling the truth the audit results would have sent the stock to 2-3 bucks a share or,
B. Spend 35,000 bucks on a penny stock promoter causing no share price movement.
A man that's telling the truth picks A. A man that is lying picks B. Herzog never changes.
I asked for a link. You didn't supply one because there isn't one. National Wealth doesn't even have a web site, but they are suppose to have 1.5 billion in cash. Herzog thinks the public is stupid. Nobody was buying shares of this scam stock on Friday and nobody will be buying on Monday.
I said there is NOTHING on the internet that would show National Wealth International has a buck fifty much less than 1.5 billion. If you are calling me a liar, provide a link proving my assertion wrong.
Why would a company that it is making tens of millions of dollars every month, need to sell 60 million shares at 1/10 of one cent?
How much sense does that make?
Why would a company that is transacting billion dollar deals refuse to pay 10,000 dollars to perform an audit so its share price could soar?
How much sense does that make?
If it is too good to be true......its a scam!
HSBC is irrelevant. The only entities relevant to whether this is a legitimate deal are Bergamo and National Wealth International. Not surprisingly, nothing can be found on NWI. Apparently it doesn't even have a website. And Bergamo's history of one scam after another is legendary.
This is as worthless as the fake bank deal, and ten other scams Herzog has perpetrated.
Does Herzog have no shame? We all know the answer to that. The man labors not one minute with guilt about all his lying.
Money for a promotion.
Money for a compilation.
Money to fly cpa to Europe.
Money to pay for an attorney opinion letter.
Supposedly a hundred million dollars in cash.
BUT, no money, to pay for the ONLY thing that will cause the share price to rise - an AUDITOR. Why is that? We all know the answer. Common sense tells you it's all a scam.
Yeah, they've hired everybody in the world, except for an AUDITOR.
WHY do they refuse to hire the only professional that can cause the share price to rise?
The only thing keeping the share price from going to 2 bucks is a lack of an audit proving those numbers in the compilation. If NDAs do not prevent the release of a compilation, it certainly wouldn't prevent the release of an audit.
A company with a hundred million dollars in cash, but won't pay for an audit. Does that make sense to anyone? Of course, not. Either Herzog hates his shareholders and doesn't want them to benefit from a 2 dollar share price, or he has no proof of revenues/cash to sustain an audit. Those are the only possibilities.
Quote:
Bergamo was humble enough to admit their mistakes they made in the past.
Huh? Bergamo has never admitted any mistakes. I am still waiting for Herzog to explain how Bergamo is suppose to do a 600 million dollar transaction with a bank that doesn't exist.
Provide a link where Bergamo has ever "admitted mistakes."
What's another felony? Anyone who would issue a press release claiming a 600 million dollar transaction with a non-existing bank has zero regard for avoiding criminal conduct.
Why do you think Herzog has stayed as a non-reporting pinkie? Because the SEC looks the other way when it comes to non-reporting companies is why. Herzog operates his scam company in the cover of that realization.
Bergamo is going to remain what it has always been - A SCAM!
So you are saying there is no such thing as "Pink sheet - Fully Reporting?"
Actually 8th tier - just above is Pink Sheet but fully reporting.
I sure hope old Hilly got a money back guarantee, because "it ain't workin'."
Good point!
About what I expected. I can give you specific facts in support of my opinion. None of which you can take exception or refute.
Your opinion apparently is based upon nothing except an accountant's compilation wherein it is specifically stated that none of the information provided by the company has been verified.
How much more do you think it would have cost Herzog to have just had an audit performed? That would have removed all doubt, wouldn't it? Any idea why Herzog didn't go that route?
Well....the problem is that NOBODY, but NOBODY believes the financial statements of Bergamo. They are not audited, they defy previous company press releases (eg. there is no accounting for the alleged 600 million dollars that the company claimed it received in January of this year), and they were created by a company with a long history of materially false statements. So here are the options for the company:
1. issue audited financials and the share price leaps to over a dollar
2. issue unaudited financials, without any accompanying document verification, and the share price goes no where
3. issue unaudited financials, but with accompanying document verification, and the share price goes above a dollar
AGAIN, why does the company intentionally choose the option that results in no benefit to its shareholders?
Notorious/HighYield/etal
Hmmmm......could you guys just answer one very simple question?
Why waste the time and expense with accountants, compilations, lawyers, facebook postings, message board postings, press releases, etc; when all that is necessary is to just release a certified bank statement showing a bank balance of 88 million dollars? The former approach has not moved the share price an inch after months of effort. The latter option would move the share price to a dollar within minutes of the release of a verifiable cash balance. Can you provide any rational argument as to why Bergamo deliberately refuses to provide shareholders with stock price appreciation when it would be soooooooooo easy to do? And don't give me the nonsense about NDAs. No NDA would be violated by Bergamo releasing its bank information.