Bergamo Acquisition Corp. (BGMO)

[Investman432]

Thanks for the details. They way you explain it, the wetland issue was an unexpected regulatory hiccup which shouldn't reflect negatively on management's abilities, as it was unforeseen and a fluke. I can buy that.

But, how do you explain the $50 million closing that was widely publicized with politicians in attendance that turned out to be a sham, as the company didn't receive funding and didn't even have the permits necessary to break ground? Why on earth did they have to have the ground breaking event at that time? This is a much more troubling action, as it reflects on Swire's integrity and judgment, IMO.

Regarding Adlemann - you may have better info than I do. Where did you find the €100 million revenue number? Cap IQ indicates they have €22 mm in revenue, but that may be stale as they are private company.

Regarding financing, I interpret the vendor/export financing comment to mean Greensafe is expecting Adelmann to line this up. It doesn't say a loan has actually been reviewed and approved by a lender yet. With vender financing, Greensafe would need much less than $50 million to get the first operation up and running.