Bergamo Acquisition Corp. (BGMO)

[old man river]

With respect, I would say that BGMO announcing that they were entering into a transaction with GreenSafe encouraged investors to move the share price up.

Likewise, with BGMO announcing a new investment into the solar field by acquiring 60% of BB Solar also encouraged investors to acquire shares of BGMO.

In both cases, there was a material increase in the number of shares outstanding and more activity but absolutely no disclosure on who received the new increased number of shares or who was selling them. If the newly minted shares were acquired by BGMO management or proxies for them and they sold on the news, that is clearly insider trading.

We should be cognitive that both of the above mentioned parties were relying on the reputation of BGMO to deliver funds. Both firms incurred substantial developmental costs and relied on signed contracts from BGMO to fund those outlays.