You hit the nail on the head!
Due to Bergamo's reliance on high yield investment programs in late 2009 and early 2010, Bergamo could not deliver the funds to GreenSafe as contracted to do so. Even when it was reported that the deal was amended to extend the payments and match it to the funds received from the levered assets, BGMO could not deliver.
The same story exists now with VSTA.
I am not sure what happened with the clean coal powered plant in Pakistan funded from a $ 1 billion dollar asset pool from the summer of 2009.
I am also not fully certain what happened with Suntrough. I read that they have put a plant into some place in Africa. I suspect that it was a case that their management did not believe that BGMO could deliver even after many extensions.
As for BB Solar, BGMO was to earn 60% of the profits for just factoring the purchase orders. With BGMO's former experience in the rag trade, that should be easy to contact Platinum Funding.
Does anyone know what happened with the applications developer in Japan?
By the way, as I read it, it was Herzog who orchestrated the removal of the entire GS management team save two persons. It appears as though the promises of money to the remaining two never came to a successful conclusion when BGMO was dealing with GS in late 2011 or early 2012!
When I did speak to Swire late last week regarding some of the comments posted in I-Hub, he said it is not his concern. He has apparently raised the money for his plant. The quote was "real money". I asked him how much will the plant make. He recalled Gary Purdon asking that question about 4 years ago. At the time, Swire responded about $ 25k per operating hour. He said his new plant has a few more bells and whistles and would be higher than that level. I squeezed in one last question on the technology. Is it being used and does it make that kind of money. Yes, he responded, in several countries and quite profitably.
The bottom line is that the public record shows that BGMO and various other parties executed documents in what I think would be in good faith for which BGMO has never delivered the funding that they agreed to.
Can anyone show any proof that BGMO has successfully delivered capital to a project as agreed?
Even the investment deal with VSTA shows striking similarity to the old GreenSafe story. In both cases the capital is coming from offshore high yield investment programs. In both cases, the funds were being managed by an offshore BGMO affiliate. In both cases, the funding agreements were amended to defer the payments. In both cases, BGMO could not even make the smallest of payments on the new deferred payment terms. Sad my friends.
