Bergamo Acquisition Corp. (BGMO)

[old man river]

If we read the compiled financial statements prepared by our company's accounting firm, the company has already recorded an expense of $ 40 million to each director. I believe it was classed as a commission. The payment of this amount to each director is more than ample compensation for the invested time getting the business this far.

However, when the $ 88 million is released, how do you think these funds will be used?

Since the flow of funds from the high yield program pays out weekly, it would stand to reason to use these funds for future acquisitions. The proceeds from the released of the restricted funds ($ 88 million) should be used to discharge the $ 80 million in commissions payable and the other debts leaving virtually no cash in the business. This would be smart as it builds up the balance sheet.

The only going forward cash would come from the weekly remittances.