Bergamo Acquisition Corp. (BGMO)

[RealWorld1]

No One Will Speculate at Current SP

IMO this is about as much of a fraud as one can find. The facts never add up, in fact they frequently conflict, combined with total silence from management - not a peep since January - prove this is all a lie.

But, one has to ask will anyone speculate on the shares at the current price (notice I said speculate and not invest. One cannot invest in a company that has never filed an audited financial statement, doesn't keep investors informed of its actions, etc.)?

The answer is clearly no!

The reasoning is simple. Let's assume that much of what BGMO has said is in fact true and there is in fact money. In which case the stock will, as some have argued, sky rocket. On presentation of any actual real, independently verifiable evidence there would be big gains to be had. These gains would be so large that no one would care if they miss the initial move in the SP, there would still be much money to be made.

Alternatively, what if they are all lies as I and many others contend. Then the stock will continue its inexorable slide to sub sub penny status and total irrelevancy. This is clearly the view of the market. Since the latest round of promises, documents and now silence the share price is down massively.

So looking at the trade off, I argue no one would speculate on this stock at current prices when faced with losing all versus waiting for any actual evidence.