Bergamo Acquisition Corp. (BGMO)

[old man river]

Bergamo has a long history of showing financing documents to target companies. In every case, Bergamo did not deliver.

The accountant said that the company had no money at the start of the fiscal year 2012. What was earned was deemed to be restricted therefore not useable cash. Our management misrepresented itself that it could close a deal with VSTA when planned as BGMO had no cash to invest. Even after two amendments, BGMO still has not delivered the cash to VSTA.

VSTA will remain quiet on the off chance that BGMO may deliver. By keeping that dream alive, VSTA management can try to raise funds elsewhere and try to get a competing bid from a firm with real cash. By doing so, VSTA management keeps their reputation and the VSTA shareholders do not stampede to the exits.