Replies to post #29155 on Bergamo Acquisition Corp. (BGMO)

[Investman432]

Where is your info from? BGMO PRs never said the amount of funds backing NWI paper or where the funds were deposited. People are led to assume by numerous extraneous statements, not from the company, that a $500 mm NWI "cash backed security" has to be backed by $500 mm and such deposit had to be at HSBC. That is not what Herzog mushy-mouth PR, intended to fool people, actually said.

Don't take my word, company would have no problem showing cash if it were real -- cash talks in loud clear voice. "Funds" on deposit, being just worthless paper from unknown NWI (eSoft, LondonWall, FortuneMint, Brazil Bank, Elpinconjob, etc.) keeps making empty claims over and over in tinny, squeally smelly statements. Time for BGMO to man-up or shut up.

Just like LL Bradford compilation which has perfectly clear disclaimer that they relied entirely in information from Herzog and didn't verify anything. Statements cropped up immediately to misconstrue what company actually said.

[StockFraudStopper]

Please examine the language from the press release and show me where it says anything about there being $1.5 billion in "funds" anywhere.

National Wealth International Ltd. has provided Bergamo Acquisition's wholly owned European subsidiary cashed-backed securities consisting of three separate tranches of 500 Million US Dollars issued through HSBC Bank, one of the world's largest banking and financial services organizations. These funds will remain on deposit in accounts held by Bergamo Acquisition's European subsidiary.

According to the language of the first sentence, all NWI provided (assuming NWI is real) is "cash backed securities", not cash, just cash backed securities. Somehow between the first sentence and the beginning of the second sentence the "cash backed securities" became "funds". How? When? Where?

The "cash backed securities" are as good as cash line isn't true, it is NOT the same as money in the bank. US Capital issued a "cash backed" SBLC that was worthless but touted by BGMO as being as good as cash. Check with HSBC, as I have, they do not issue these types of securities on against client funds held on account.

Just keeping 'em honest!!!