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arbpro

03/26/11 6:52 PM

#14915 RE: Greengo #14902

All I get from you is double talk. Look this is simple. Bergamo has claimed that Suntrough is a Bergamo subsidiary. Suntrough denies that and says that Bergamo has ZERO equity interest in Suntrough. Now one of those companies is a liar. Why don't you just admit that it is Bergamo?

old man river

03/26/11 8:07 PM

#14920 RE: Greengo #14902

We need to be cautious here.

Bergamo had also press released an MOU with GreenSafe in the fall of 2009 followed by a formal agreement on December 6th, 2009. Over a month later, the agreement was reported as being restructured with GreenSafe to match cash flows. In that agreement and in the amendment, Bergamo had not yet delivered any funds to GreenSafe. A year after the fact, no funds have been delivered.

Under normal legal practice, the agreements between BGMO and GreenSafe of December 2009 and January 2010 would be dead for non-performance. Please read the failure to deliver cash!

It would not be a far reach to say that Suntrough would be in the same boat.

A signed memorandum after this point of time is not binding.