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Alias Born | 09/03/2009 |
Thursday, September 10, 2009 10:20:21 AM
"The funding is a loan and is secured by Bergamo's common stock at a price of $1.00 per share." Does not say that BGMO has to maintain that PPS. Loans do not work that way. Besides those terms were discussed in July when PPS was only .20 per share. T
Also, The boards have flipped about the Bank of India "helping restructure Pakistan" Well again read.. "This funding is separate and apart from the Pakistani Energy projects which were announced last week with the $1 billion USD equity" Its a completely different project.
Again, People must realize that a bank and investors did not wake up last Thursday and say OH WOW the PPS went up lets sign off on these deals. These were contracts made Months ago when PPS was SOOOOO much lower. REMEMBER the increase you saw was based on News.. that's it. nothing more. Until these projects are set up and generate $$ then nothing consistent in PPS will be seen. Good time to buy... HELL YA!! Id gobble up another 10k if I hadn't already. IMHO
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