Bergamo Acquisition Corp. (BGMO)

[arbpro]

It would make sense for VSTA to report them to the SEC given statements VSTA had made in SEC filings.

Maybe, but unlikely. It appears to me that VSTA has been complicit in the most recent Bergamo scam. 10 minutes of due diligence by VSTA execs would have conclusively demonstrated that Bergamo has an undistinguished history of moving from one scam to the next, that the company was/is penniless and has no prospects for changing that situation. Yet, in the face of overwhelming evidence that Bergamo had no chance of performing, VSTA proceeded nevertheless to pretend to the investing public that Bergamo would provide necessary operational funding.

Even if you just want to suspend logic and assume that an innocent VSTA, prior to entering into its funding agreement with BGMO, did no due diligence on the bona fides of BGMO, then certainly it would have done so after the initial date of funding failed to materialize funds. But VSTA continued to feed PR's that the funding was simply being "delayed" and rescheduled, hoping the public would be accepting of these explanations, and buy up stock.

No reasonable person can believe that after time and time again Bergamo failed to close funding dates as scheduled, that VSTA could not see that they were being played. The only reasonable explanation is that VSTA was complicit and needed its stock bought for the same reason Bergamo needed its stock bought - to line the insiders' pockets before riding into the sunset.

And it wasn't coincidence that both companies had a slimy, penny IR agency in common.