Replies to post #24336 on Bergamo Acquisition Corp. (BGMO)

[Investman432]

I believe the share position in the US public broker/dealer (Global Arena) is unrelated to the European subsidiary. The latter, an obvious fraud, plays off the true situation for many large U.S. corporations that hold cash profits offshore because such profits are earned in low tax jurisdictions such as Ireland and the corporates would incur additional taxes at U.S. corporate marginal rates if the cash was repatriated. Periodically, Congress opens a window for repatriation - the last time under Bush allowed cash in at 5.25% added tax. While this money (billions at companies like JNJ, Microsoft, Pfizer, etc.) exists, there is zero chance it would be given to BGMO subsidiary for investment in U.S. private equity -- it's kept as cash ready for the next window. Like many scams, there is a back-story for appearances.

I don't know who the perpetrators are or how they expect to profit from tricking Bergamo into taking over a fake subsidiary supposedly involved in some fantasy profits scheme, since Herzog has gotten wiser after losing money to SWIFT fee, SBLC scams and such. Only cash would come from sale of shares in hoped-for stock price run, but again, it's Herzog/BGMO, which has been thoroughly discredited and not believed anywhere.

Neither of the schemes that represent the only assets/business in the compiled report appears to be working --- so in time some new head fake will be foisted. Rahi must be driving Herzog crazy -- love to be fly on wall when Herzog rants and raves as he does.

Has anyone gotten through to LL Bradford? They must be aware how their work product is being misrepresented. I am also curious about the new Miami unit -- which likely to run by Pakistani expat that popped up a few years ago. It's a laugh that this group is carrying on the solar equipment business that Herzog wouldn't do with BB Solar, a real solar integrator. The show must go on, but it's getting borrrrring.

[Bullstocks]

As I have said many times, this is where investors run into trouble. They look at the tidbits of information coming from companies like BGMO and they try to assign logic to it. They think if they can see the underlying tie-ins, it will give them some unique insight to what might be happening behind the scenes. But that is just it. There is nothing happening behind the scenes. hh only throws out enough information to give the illusion of activity.

Whether that illusion is to facilitate his private dealings for more loans secured by shares or whether he is putting out tidbits to entrap another BB Solar into backing another one of his schemes, the important thing for investors to do is to avoid the temptation to try to "read between the lines." There are no lines. There is no master plan. There is only the ramblings of a very old man trying to make enough money on the backs of shareholders to guarantee he lives comfortably until he lives no more.

[StockFraudStopper]

I really can't think of any advantages. I think the whole tax argument is just a smokescreen. From a FINRA and SEC standpoint it's a DISADVANTAGE. Foreign owned broker/dealers get even greater scrutiny.