Replies to post #17572 on Bergamo Acquisition Corp. (BGMO)

[havatampa]

Well said, Bullstocks

[findout5]

Exactly, The money could be available and there could be documentation to prove it. That would be a major first step and add a ton to credibility. After that it all happens as it happens. IMHO

[Investman432]

Its nice to see a well-written posting for a change, even though I disagree with the conclusions.

There are no buyers for the stock because the CEO has told unending stream of false and misleading statements, without contrition or explanation, and there's no reason to believe this time is any different. Also, the company is insolvent, in litigation and has no ongoing revenues or operations.

Regarding a buy back -- perhaps you are not aware that companies in default on debt can not pay dividends or repurchase shares.

While you found Herzog coherent and articulate on one phone call, I listened to all his infomercials interviews and found him incoherent with poor grasp of technology and finance.

I am not expecting anything to happen Wednesday or Thursday because US Capital Funding is an obvious fraud (what is your analysis of them?) and the underlying sale of SBLCs for cash is a laughable financial transaction since SBLCs are not fungible assets with cash redemption value (they are a guarantee on another obligation, therefore credit enhancement that only pay when underlying obligation defaults at its maturity).

The idea that Herzog, a over-the-hill garment importer, is playing advance chess is funny, since he's been taken to the cleaners by Vivek Sinha, Foxbank, Newby and other two-bit con men. He is so incredibly unqualified and inexperienced to be developing advanced coal or solar projects that its not funny.

Its just wishful thinking for stuckholders of this failed company to hope for an aggresive "company share buyback" since nobody else seems to want the shares.