Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
I think you mean 8K. An 8K must be filed within 4 business days of a material event.
Let's see.
VSTA, with a negative cash flow, issued 2 PRs announcing the scheduled receipt of cash funds.
Yeah, so I am sure they received the money but just don't want anyone to know about it.
Here we go again. There is NO WAY, NO WAY, NO WAY, data needed for technical analysis can come from a stock trading 100 shares a day.
Well, Herzog guesses wrong again.....
First, this officially lays to rest, funeral style, the silly notion that Bergamo has cash. The stories of a billion dollar cash balance is exposed for the fraud it was/is. The ridiculous claim that Bergamo earned 88 million dollars in one month is poo-poo'd too. If Bergamo had any money there would be no delay in closing, Herzog would pull out 36 million bucks from his billfold like lunch money and pay for VSTA if any of the previous nonsense claimed by this company was true. It's not true, and anybody with a brain knows it.
Second, it looks like Herzog was simply trying to buy some shares of VSTA at a discount and hoping to get someone to front the 36 million with a collateral of stock worth in excess of 50 million. Only an old geezer like Herzog would ever believe that a banker or a venture capitalist group would fall for this. 10 minutes of due diligence would show that while the stock price of VSTA is quoted at .88, it has no volume and if someone tried to sell 70 million shares the share price would crater. Adding 70 million shares to a tiny float would destroy the share price. But, of course, Herzog can't figure that out and still thinks he's got a scam or two left in him. To him, it's as simple as, "Well, I've got more value in the shares than the money I need to borrow, so I'm 20 million ahead." Poor Hilly, he was probably shocked that nobody would loan him the 36 million when he could pledge 70 million shares.
Even the scam game has passed Herzog by.
"Weekly bullish cross?" "Accumulation?"
You do realize that a whopping 100 shares traded today?
You do realize that the 100 share trade was done solely to affect the closing price and create the artificial impression that Bergamo was up 18% today?
And you believe that trading decisions can be based upon such flimsy data?
Good luck with that!
You betcha. That's why there is ZERO volume.
No, I've never met any of those individuals who are maligned daily on this board. I don't know who they are, and never heard anything about them until I read them on this Board. It's funny how NONE of them ever issued a Bergamo PR, but they are somehow responsible for the multitude of lies contained in those documents. What is even more significant is how the defenders of Herzog no longer even bother to deny that Bergamo PR's are nothing but one lie after another. Now the only defense advanced in support of the liar Herzog is that someone else must have tricked him into lying.
Anyone who simply states the facts surrounding Bergamo; such as, the company issued a PR stating that funds in the amount of 600 million would be coming through a bank, which never existed, have their character attacked without a shred of evidence. If you can't argue the facts, then attack the poster via broad brush innuendo seems to be the tactic.
So I'll ask again. The PR referencing the fake bank had only one name therein - Herzog's. Surely Herzog at least spoke with this bank, which never existed, before he issued this PR or is that expecting too much from a CEO? Exactly how someone speaks with a bank that doesn't exist is baffling to me, maybe not you. So my question again, produce evidence that anyone other than Hezog is responsible for perpetrating a fraud upon the public by issuing a PR about a bank that did/does not exist?
And exactly what does that have to do with the question I posed to you?
Explain to me why Herzog claimed that he would be receiving a bank transfer of 600 million dollars when the bank didn't even exist.
There is no retraction of a claimed billion dollar contract going back 3 years ago.
Does "no retraction" make it true?
Documentation, in the form of ZERO volume, has been made available verifying the public does not believe a word of it.
Uh, huh. It's been "there" for months and months. The market has read it. The market's reaction? Everything "there" is nothing but pump and dump lies.
Name one company, out of the more than 10,000 public cos, that earns hundreds of millions of dollars, has a billion dollars in cash, and performs no audit. ONE.
Oh yeah, its Bergamo and NOBODY else.
Well, then what is it?
Where is the link for National Wealth?
Nope.
I can show you "clean" shell sales going for 100k. These are companies with no operating history or a long hiatus of operations; hence, no known prior legal issues.
Why in the world would a buyer purchase a shell with the prior history of Bergamo when a clean shell could be purchased for 100K?
And predicting that current shareholders "would roll over and take it" is just that - a prediction, not a certainty. A buyer, subject to that potential action, would be rolling the dice. There is zero reason to assume that risk and that potential would reduce the value of a Bergamo shell to nothing or at a bare minimum require the buyer to wait several years (to allow all potential legal issues to roll beyond the statute of limitations) before proceeding in any respect to activating the shell.
What?
The value of that shell would be close to zero. This company has a long history of cheating, lying, scamming, and on top of that - not paying its debts. None of that disappears with a reverse split and then purchase of the shell. It's not like bankruptcy.
Whoever was brave enough to purchase that shell would be exposing themselves to all those years of operating disasters of Herzog. And most likely a "huge reverse split" and then selling of the shell would produce a class action suit of fiduciary failure by current shareholders. Just another issue for the purchaser to deal with.
On any day, any day, I can place the company in involuntary bankruptcy. Why? Because the company is in default with respect to money it owes me and has never paid. This default is indisputable and is recorded in company SEC filings.
Should I take this action, your shares, and all common shares, will likely end up cancelled by the court and you will walk away with NOTHING. I have never, until today, even considered such action. You better ask yourself, "Is this what I want?"
I guess that explains why the stock traded 4 dollars today.