Bergamo Acquisition Corp. (BGMO)

[Milosso]

Ive been enlightened by a client who is not happy because they were told that USCFII is a AAA rated trust that will issue cash backed instruments in exchange for co-signatory agreements. In order to obtain "funding" the client has to be able to deliver a USCFII cash backed SBLC to his bank, which will then issue a credit line , albeit at a lower LTV. However the catch is that the instrument has to be confirmed by a corresponding bank willing to stand behind the SBLC with full bank responsibility and of course the instrument has to delivered to the receiving bank in a secure bank to bank manner, such as SWIFT. So far no correspondent bank has been willing to stand behind this paper or take full responsibility for its value.

The fact is that Fowler cannot use the assets for collateral since he is not the sole signatory on the asset. In instances of the actual asset, he does not keep them in his own depository because he does not have a depository at any chartered bank.

The client is dazzled by the AAA rating and the minimal risk to his asset. The client only discovers his mistake after he has paid the "fees".

So again I ask 'hmoneybags' to tell us who is the new correspondent bank willing to take responsibility for USCFII's paper? That, in my mind, is a game changer.