Bergamo Acquisition Corp. (BGMO)

[RealWorld1]

What the SEC cares about

From the SEC's perspective the issue for BGMO is that the supposed financial statements they filed make no sense, are not audited and contradict each other. You cannot assemble a timeline of financial performance in any way from them.

The funding agreements, JVs, and other announcements are not really that important to the SEC.

Also, the way the SEC's processes work they have already reached their conclusions and what to do about them. This is a civil admin process as much as anything. HH doesn't go in and plead his case so to speak unless the SEC launches civil or criminal fraud charges.

Suspending a stock is extremely serious, damning and almost impossible to come back from. If there is any hope of rising from the ashes it will be off the back of legitimate, nee audited, financials.

Lastly, why should one think HH has ever been out of the country on a business quest, much less now? If they were serious in anyway they would provide the SEC with five year audited financials which will never happen. You don't need to leave the country to do so.