Bergamo Acquisition Corp. (BGMO)

[old man river]

Even, if it is true...

it was placed in a restricted account.

The company started the year with no cash. Anything earned from the so called high yield investment program would either be restricted (at least 88 million) plus some unrestricted amount. If there was any free cash earned after September 2012, wouldn't you think that they would have used it to discharge their obligation to Vistagen?

The evidence of amending the agreement with VSTA and deferring the amounts suggests that there isn't any unrestricted cash. If this is true then the release date would still be months away.

There is also another issue of the absence of updated financial statements, ideally audited, to the end of the 2012 fiscal year as well as an interim for the current year. This would confirm one way or another if the trend in continuing.