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arbpro

04/23/11 7:53 PM

#15679 RE: viking69 #15670

Geesh.....where do I even start?

Do you know that exchanges have standards? Like minimum sustained revenues, like audited financials, like reporting status with the SEC, like cash sufficient to finance the move up, and on and on. On each and every, all and singular, Bergamo miserably fails to qualify. There is a reason they are non-reporting and that is to be able to say anything, no matter how false, and not be held accountable for it. Bergamo does not want to have a file an 8K with the SEC, because if you lied to the public through an 8K you just might find yourself in an orange jump suit.

Secondly, the move from one exchange to the other, would have to be seamless. The company would have to announce in advance that trading on one exchange would conclude upon the end of trading on a certain day, and that the next trading day the company would trade on a different exchange, probably with a new stock symbol. There would be no hiatus of trading and no CEO has the right to "halt trading."

Thirdly, there certainly would be no "IPO." An IPO stands for "Initial Public Offering." How can there be an "initial public offering" when shares of the same company are outstanding and are being traded?

Respectfully, and I say this to you because you have been respectful in your posts, guys that don't know about moving up in exchanges, what an IPO is, who believe that a CEO can just unilaterally cease trading in a listed equity, who believe that a non-reporting company can have a "quiet period," should turn their investment decisions over to somebody else.