Replies to post #36534 on Bergamo Acquisition Corp. (BGMO)

[Investman432]

There is no reason to think Herzog or the Vancouver gang will change their tune -- they've been squeezing enough cash from BGMO to make it worth their while, and the SEC doesn't care about this sort of low level scam since the suckers who buy the shares deserve to lose their money.

At this point, it's just entertainment.

I do wonder what Singh will do -- I think AM provided good insight -- face saving exit (like Suntrough) is better than causing a scene (like Rahi). Share Purchase Agreement terminated by mutual consent is possible. Almost as likely is one more "amendment" pushing out time line for next default. Less likely, VSTA sues BGMO to enforce contract -- nothing to collect and defendant is overseas (although good case can be made to sue CEO personally). In any event, I think VSTA should file complaint with SEC that BGMO issued very false and misleading financial reports and is criminally misrepresenting its assets. VSTA and its VC backer have better standing than penny stock investors.

[Greengo]

It's not a matter of if BGMO will purchase 72% of VSTA it just a matter of when.

We know the hold period of the of the initial profit of $88 million earned from the first US $500 will be up in a few months, but obviously BGMO managaent believe the purchase of VSTA will happen before then.

In addition, the parties have agreed that no less than US $88 million, or its equivalent value in Euros, shall remain on deposit in the account of Bergamo Acquisition’s European subsidiary for a period of one year. This amount represents the initial profit earned from the first US $500 million cash-backed securities investments entered into between the parties previously, as set forth in Bergamo’s most recent consolidated financial report compiled by L.L. Bradford & Company LLC, a public accounting firm based in Nevada

FACTS !!!!

[Bullstocks]

NOBODY is good enough of an actor to make that good of a surprised look. The same old pattern seems to be alive and well.