Bergamo Acquisition Corp. (BGMO)

[old man river]

I am at a loss to understand how BGMO can in good faith make an offer to fund VSTA in the spring of 2013 with restricted funds only becoming available for investment in 2014?

Given the fact that the firm of L L Bradford stated that the company had basically no cash going into 2012 and that no new unrestricted cash has been generated during the reporting period then the agreement with VSTA could not logically close on the dates in the announcement.

I am not a lawyer and do not understand the difference between the concepts of misrepresentation, deception, commercial fraud or criminal fraud. I would appreciate definitions on these concepts. I would further raise the professional and non-accusatory question if knowing making an agreement with VSTA and publicly announcing while there is no reasonable means to close on the dates reports could fit any of the above definitions. If any of these fit, does it place BGMO at any legal risk and by extension the value of our shareholdings?