Bergamo Acquisition Corp. (BGMO)

[old man river]

As mentioned earlier, profits does not necessarily translate into cash.

This is evidenced by our firm's inability to invest into VSTA under the original agreement and the two following amendments. According to others, the cash from the $ 88 million does not appear for another 5 months. Our firm should have been honest with VSTA and said come back in a year's time when we cash in the current account rather than on paper.

However, given our outstanding debt to our two directors, I expect that the $ 88 million will go to discharge their commissions payable leaving nothing of the $ 88 million available for investment.