In December, we were told that big bucks
would be coming very soon. Over $ 30 million in January and over $ 40 million in the following months. This was based on money coming in from other sources and used to generate lottery like windfall profits from an investment program.
Assuming that the cash did come in and profits were made realized as announced, then, it would stand to reason that BGMO would have taken a financial position in both Suntrough and Greensave. To date, our leader has not announced any investment in those companies nor have people from those firms confirmed the receipt of money from Bergamo.
In light of the February 23rd update to investors, it appears as though the cash is not in the bank yet. Soon, but not right this minute. If this is correct, then, it follows that Suntrough and Greensave have not yet received anything.
What I suspect has happened based on earlier Greensave reports, they had a deal with HH from late 2009 that publicly announced. It was suggested that a following change to the agreement was made for the Patriot Act. Has there been anything since? They are not talking.
As for Suntrough, they have not said anything. Was there ever a reported deal with them? If so, it is long since stale. Has anyone heard of any recent equity deal between Suntrough and our firm. My guess is not. The only thing that could make sense is a earn in deal based on installed equipment sales.
IMO, the links to both Suntrough and Greensave could be misleading investors suggesting an ownership arrangement exists when none has been reported. Isn't there and SEC issue here?
This is big news if BGMO actually controls these companies so it should not be withheld from we shareholders.
