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Thursday, July 11, 2013 12:55:07 AM
It's not a matter of if BGMO will purchase 72% of VSTA it just a matter of when.
We know the hold period of the of the initial profit of $88 million earned from the first US $500 will be up in a few months, but obviously BGMO managaent believe the purchase of VSTA will happen before then.
Quote:
In addition, the parties have agreed that no less than US $88 million, or its equivalent value in Euros, shall remain on deposit in the account of Bergamo Acquisition’s European subsidiary for a period of one year. This amount represents the initial profit earned from the first US $500 million cash-backed securities investments entered into between the parties previously, as set forth in Bergamo’s most recent consolidated financial report compiled by L.L. Bradford & Company LLC, a public accounting firm based in Nevada
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