Bergamo Acquisition Corp. (BGMO)

[old man river]

VSTA will not walk because...


there is an interesting pathology associated to the corporate victims of the BGMO story. Firms like GreenSafe, Suntrough, Vistagen and so forth require lots of money to roll out their business plans. They all may have stellar management, proprietary technology and so on but they all are desperate for cash.

They stumbled upon Bergamo who was their saving grace.

Once BGMO has missed a date for payment, firms like those mentioned above do not announce that the deal is dead. Why you may ask?

They keep the illusion alive perhaps for personal issues like not admitting that they made an error in being party of the BGMO drama (or comedy).

By keeping the door open, they may think that Hillard can finally (after 60 plus unsubstantiated press releases) actually break the history of false statements and actually raise the funds for investment purposes.

Also, by keeping the BGMO door open, they can use to for some leverage to find other real investors to move quickly to put money into their firms.

VSTA has already said that that they could be in grave trouble if BGMO does not deliver. So by keeping a low profile, they get to play both sides of the street. They can keep the faint hope open for BGMO to deliver and they can go to the street and try to find another capital party who can complete the deal at relatively higher stock prices.

I think it is the fourth down and ten yards to go. Do you punt or not?