Bergamo Acquisition Corp. (BGMO)

[Investman432]

The dumbest part of Rahi's plan was that he trusted Hillard/Sohail and gave BGMO 60% ownership for nothing at all. BGMO delivered bupkis. What does this say -- first, HH is convincing and tireless liar. Second, Rahi didn't have a real business. but was chasing a dream. A company with a real business would never have accepted terms from BGMO or allowed themselves to get caught over a barrel. To your question -- BB Solar had the best business prospect of anything BGMO was involved with for years. There was definite market opportunity in Pakistan for solar pumps, and the business would have worked if BGMO delivered government introductions, on-the-ground partner with Haanz, knowledge of import/export, etc.

Describing the solar equipment supply chain as "flipping panels" shows ignorance about power industry that I've come to expect from the rag merchant at BGMO. The projects require combination of delivery, design, integration, finance, permitting, etc. -- i.e., development. BGMO's lack of understanding development was clear from the Pakistani coal plant and all the CSP plants in India/Lebanon -- none of which BGMO ever did jack but make PRs.

BGMO is suspended for cause. Won't be coming back. Get used to it.