Bergamo Acquisition Corp. (BGMO)

[old man river]

The reality is that BGMO could not deliver the funds when they negotiated to do so. The deal was amended moving the payments out further. Even with the recent amendment, BGMO and VSTA have not reported the investment thus raising the spectre that BGMO does not have the money.

If the accountants said that BGMO had no money at the beginning of the fiscal period reported and a BGMO press release stated that the profits for the said period have to be locked up for a year, therefore, they have no liquid cash to invest.

In fact, the accountants also reported a negative opening retained earning which repudiates all of the revenues, profits and retained earnings that BGMO submitted to OTC markets.

The bigger issue is why would HH want to endanger BGMO when the funds clearly are not there?