Bergamo Acquisition Corp. (BGMO)

[Aston Martin]

Obviously you do not know much about business and you do not seem to understand. Sorry, but as a self-employed businessman I have to work with such kind of financings - as letters of credits - since thirty-three years:

A letter of credit is - of course - a guarantee.....but if the transaction between both business partners does not take place, this guarantee does have no function anymore...... It only has a financial function if the partner can not pay the goods !!! A costumer only than is a costumer after he received the goods he has been asking for. This means that BGMO has to hope that Pakistan does not delete the letter of intent as this letter of intent is not binding for both partners. Thus, as long as those two business partners did transfer goods and solar services by BGMO, as long there is no money flows - with or without any letter of credits.
And, please do not forget, there are many solar companies in the world interested in doing solar business with Pakistan. I honestly hope that there is not another solar company doing better solar offers to the Pakistan government than Herzog has done. In this case .....well, guess we know what happens than.

By the way, do you honestly believe the bank has so much sympathy for Herzog, that they will present money to BGMO even the letter of intent between Pakistan and BGMO will be deleted? LOL