Bergamo Acquisition Corp. (BGMO)

[old man river]

The fact remains that the cash, if real, is restricted.

In fact, one party believes that it is restricted into 2014.

These restricted funds cannot be used to day to day expenses nor the myriad of past and pending investments to fund. My accountant neighbour said to me that the proper disclosure standard for restricted cash is to segregate it on the balance sheet with a note. I think I know what he means.

The value of BGMO shares may be at risk given the negotiation in bad faith our company by fully knowing that BGMO did not have the unrestricted cash in the bank to complete the investment in VSTA at the prescribed times.

If the cash was real and in an unrestricted form, what logical reason would VSTA and BGMO agree to amend the closing dates?

The change in dates is now significant which gives me, a small shareholder, the sense that the cash was clearly not available at the time of the deal. VSTA needs the money badly. If BGMO had the cash, why would they not want to enhance the BGMO reputation by closing the deal and realize the financial gain on the VSTA stock? So why would BGMO risk its reputation in such a manner?