Bergamo Acquisition Corp. (BGMO)

[old man river]

If we believe that the money is real, there is the issue that it is tied up for a few months yet until the one year hold is lifted.

So, how can BGMO negotiate in good faith that it could invest in VSTA in the 2nd quarter of 2013 without any cash? If they had the cash, then, why did they have to amend the agreement.

The only sense that one can make of this is that BGMO could not borrow against the funds due from the third party entity.