Bergamo Acquisition Corp. (BGMO)

[old man river]

From what the Telegraph reported about two weeks ago, GreenSafe was given the land in October 2009. They were also given a 5 year tax holiday on the land. If it is anything like what I have seen people pay around here, that is worth between a million or two. Not chump change.

Seems that a provincial employee said the land was a wetland. the newsaper reported that a government person said "nothing will be built over his dead body". It goes further by saying that the entire park is a wetland. The Town and the Company said that it is not a wetland. Looking at the photo on the BGMO website, it seems level and clear to me.

One story says, and I am trying to use my little French from school, the locals are not happy with the big city folks telling Caraquet where to build. There is also a story of the local business groups getting together to work something out.

Since there is an election coming in NB in September, my guess is that the Province will try to fix the deal fast. A little common sense is what is needed. GreenSafe said in one news section item that they will need to look elsewhere for a site for commerical reason. Makes sense to me.

My guess is that they will build the second plant first and the first plant second if you catch my drift. That is what they said would happen.