You might think I'm crazy, but I always believed that the Pakistan funding would have to be in place before the domestic funding loan would get approved. This would give the bank/investment firm that is holding the loan some kind of colateral or insurance that bgmo is indeed a real player. Follow me on this. Pleas re-read these pr extracts for me first.
This one is from the Dec. 3 pr.
LAS VEGAS--(BUSINESS WIRE)--Bergamo Acquisition Corp. (Pink Sheets: BGMO - News) announced today the Company anticipates funding later this month for the first traunch of what will be a total of $1 billion USD. This will take place in Dubai where Bergamo President, Hillard Herzog, is scheduled for meetings this month. The "sole" purpose of the meetings is to finalize all banking transactions, move funds into Bergamo E & A's accounts, and pay the associated fees.
Fees totaling $255,000 USD are required to be paid to the Pakistan Government with regard to the funding guarantee. The fees are considered application fees and are required "JUST PRIOR" to the funding of the project.
So, the "SOLE" purpose of the Dubai meetings was to "FINALIZE" all banking transactions,etc, etc. and that the fees of $255,000 are required "JUST PRIOR" to funding of the project. He didn't say that he was paying the fees on the Dubai trip only that they will be required just prior to funding.
Then the Jan. 21st pr HH said:
By the end of this week we will also have funded the required application fees for our Pakistan Energy Projects that is connected with our receiving the $1 Billion USD Sovereign Bank Guarantee from the Government of Pakistan which insures the payment of all energy from the Pakistani Energy Projects."
BUT... he didn't say in this pr that we need to pay this fee so that the funding can take place (just prior to funding omitted) or was this intentional by HH, but by saying the fee is now payed, isn't HH telling us that the funding is definitely coming in or may already be in bgmo's acct. (Bergamo A & E) and that he just hasn't announced it yet??? Then in the JAN.12 pr HH magically announces that the domestic funding will now take place. Notice how this domestic funding announcement came after the Dubai trip, that was to "finalized" all banking transactions for the Pakistan funding. Again, this is the oder in which I always believed would and needed to happen so that the domestic funding could kick into gear. One domino falling onto the next,etc, ect. It very well could be that the Pakistan funding has moved into the Bergamo A & E acct. just after the Jan. 12 pr, but HH has not announced it yet. Maybe the upcoming pr will have a big surprise in it that no one is expecting!
I don't mean to sound like a pumper. It just that when applying some comon sense to these latest pr's, that one can hypothesis the most logical outcome.
Can some of you post your comments on what I just posted? I would appreciate your thoughts! Please
Cheers!