Bergamo Acquisition Corp. (BGMO)

[RealWorld1]

Keep the Fraud Alive

Wow, is all I can say. A PR from BGMO saying they are working with the authorities to get the stock restored. It actually takes a combination of moxie and ignorance to think you can do this. The only explanation has to be they believe someone will continue to be fooled that BGMO is for real and buy the stock in the grey market to keep it from collapsing.

You need to work backwards in how the SEC operates, which is why not a single stock ever moved to the grey market has ever come back. Not one. The SEC has seen what BGMO has put forward as financial statements already, including the much vaunted compilation. These statements severely contradict each other. If the compilation is correct it is an admission that all previous financials provided by BGMO are total lies. If the older material is correct then the compilation is a lie.

Either way, BGMO is guilty of lying to investors and the SEC now knows it. The only potential way out of something like this would be to get a CPA to issue fully compliant and audited financials. Bank statements from HSBC are irrelevant to the topic. It is highly unlikely a CPA firm will take this task on due to the inherent liability knowing the SEC will scrutinize their work. Even if one would take it on, it would take months to prepare, at significant cost to BGMO, to perform this assignment as you would have to go back and audit years worth of records.

When the first real trade occurs this stock, and scam, are over.