'NikitaG' That is not correct. According to Bergamo Acquisition Corp. (Pink Sheets: BGMO) they recieved the 100mm in two installments as agreed on. They first recieved 25mm and then recieved the 75mm. Please read the BGMO PR's.
Bergamo Acquisition Corp Initial $75 Million Tranche of $100 Million Funding Commitment
9:00 AM ET 5/20/10 | BusinessWire
Bergamo Acquisition Corp. (OTC Pink Sheets: BGMO) today announced the receipt of $75 million USD as the initial funding of the $100 million USD that was previously announced. The funding has been deposited in the accounts of Bergamo FZC, a wholly owned subsidiary of Bergamo Acquisition Corp.
Funds will be made available for the series of acquisitions as previously announced to shareholders. In order to facilitate funding of these acquisitions, Bergamo President and CEO Hillard Herzog will be arriving in Dubai on Saturday, May 23, 2010 for five days. Once in Dubai Mr. Herzog will initiate these fundings and then return to the United States.
Hillard Herzog, Chairman and CEO of Bergamo, stated, "We are proud to announce that this initial funding is in and we will shortly be announcing the distribution of funds toward our target acquisitions. Most importantly, we accomplished this without dilution to our shares. We will explain this further shortly. We appreciate the patience that our shareholders have endured during this process. To the benefit of our shareholders, we are moving forward with our plans for transparency to make the company fully reporting and to move up to a higher exchange."
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