Bergamo Acquisition Corp. (BGMO): It means that the $1 share price associa...

Reply Private New

Next 10 Prev Next

Send PM Follow Ignore

Followers	14
Posts	1241
Boards Moderated	1
Alias Born	06/10/2009

funken_a

Re: Aston Martin post# 1651

Thursday, 09/10/2009 1:04:04 PM

Thursday, September 10, 2009 1:04:04 PM

It means that the $1 share price associated to the loan is backed up with 100 million shares if Bergamo fails to pay it back in the time frame agreed upon

However this should never come to fruition because the the money is flowing into the company and acquisitions are coming

The share offer is just collateral for the loan. No one is going to give out a loan without some sort of colateral.

This is why we have had panic sell off and this is the sole reason why the PPS has fallen.

Bottom line it was a crappy worded PR that confused and scared some.

Sorry for the delay in geting back to ya. I'm at work and my duty was called upon.

The Due Dilligence Ball is always in your court. Anything I say or write is not to be believed. Heck even I don't believe the crap that I say... unless it turns out to be right, then it was all me and I want credit for it.