Bergamo Acquisition Corp. (BGMO)

[old man river]

Why focus on moving to a higher board?

A good company being fully transparent to its shareholders and the investment community needs only to do a number of things:
- hold annual shareholders meetings
- issue audited annual statements
- issue interim statements in a timely manner
- report material changes in an unbiased manner

This could have been done over a year ago without the frustration and angst. If this was done voluntarily, it would control the costs to do so. One does not need to move to a higher board but only behave as though one is one a higher Board. It saves a lot of time and cost.

I marvel how the US permits Pink Sheet companies without regulation. In Halifax, NS, every issuer must file a prospectus and issue financial statements regardless of size.

Some will argue that going to a higher Board will raise the price and get greater investor appeal. I would challenge the point by saying that effective PR and behaving as though the business is a public company would achieve the same results. Invetsors with all of their search tools would find the winner regardless of the market.