VSTA downgraded tier level!
The OTC Markets have downgraded VSTA to limited information.
As a soon to be Bergamo subsidiary, what does this say about our management delivering funds to VSTA as per the agreement?
If they received the funds then VSTA could have paid to have someone file any statements. So, can say that BGMO did not have the funds to remit to VSTA? Or, can we say that BGMO had another delay. Based on previous BGMO history, our management will never say that the funding source never materialized. Our management will never say that the deal did not close. The recipient firms may never say anything about the failure to close to the media.
As a soon to be Bergamo subsidiary, what does this say about our management generating weekly income from BGMO's newest of a long string of high yield investment programs?
BGMO's own reporting said that all of the profits earned in the previously released accounting period were non-accessible to BGMO.
BGMO's own accountant prepared statements said that that all of the previously reported revenue and profits from high yield investment programs never happened.
BGMO is a pink sheet and as so the filing requirements are very limited. It would appear as though BGMO was relying on VSTA's higher OTC tier to get some improvement to the BGMO image.
With previous BGMO press releases, the heads of both BGMO and the target entities have met, signed documents and executed corporate resolutions.
VSTA is no different that the BGMO purchase of GreenSafe and BB Solar. Each of these three entities desperately required cash to rollout their business plans. They all met with BGMO and did all of the same paper trail.
In every case, BGMO amended the closing dates, repeatedly. Some could call it stalling.
The reason was that the weekly pay high yield investment program never delivered any capital for investment in other businesses.
The accountant affirmed that in the compilation reports.
