Bergamo Acquisition Corp. (BGMO)

[old man river]

We need to be cautious here.

Bergamo had also press released an MOU with GreenSafe in the fall of 2009 followed by a formal agreement on December 6th, 2009. Over a month later, the agreement was reported as being restructured with GreenSafe to match cash flows. In that agreement and in the amendment, Bergamo had not yet delivered any funds to GreenSafe. A year after the fact, no funds have been delivered.

Under normal legal practice, the agreements between BGMO and GreenSafe of December 2009 and January 2010 would be dead for non-performance. Please read the failure to deliver cash!

It would not be a far reach to say that Suntrough would be in the same boat.

A signed memorandum after this point of time is not binding.