Bergamo Acquisition Corp. (BGMO)

[Investman432]

HH has chosen to keep shareholders in darkness, which casts a death pall over the stock. HH could easily inform shareholders of, say, the 2009 financial results (assuming the company didn't fold its garment businesses). But he doesn't want to.

I agree with your speculation that money was funded to a subsidiary account, but I think that money is completely controlled by the investor, even though we are being fed excuses about Patriot Act as reason for lack of next step. I would expect any investor worth his salt to re-due diligence Greensafe and Suntrough and re-cut the investments. After all, we're now talking about real money, not HH's promise machine. So, the next step could take many more weeks of time. Greensafe is of course desperate for money in order to get started on building factory #1 (once a location has been selected and permitted). I wonder how loud the clock is ticking on the equipment orders? Suntrough has other options - they are a development company which can fund themselves.

I bet the bulk of the money is for solar projects in India, which won't get spent for years. Did I see something about the company firing that top-tier law firm in Abu Dhabi?